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Strong Interest for ApeCoin Staking!


Strong Interest for ApeCoin Staking. The Yuga Labs Environmental Show is not available in the US due to legal concerns from its parent foundation.

One day after the Ape Foundation opened staking for its APE fund, more than $30 million of the token was staked in its contract. The token is a Yuga Labs ecosystem, transferred to holders of Web3 Collective’s leading non-fungible token (NFT), Bored Ape Yacht Club and Mutant Ape Yacht Club, in March.
The price of the token itself has not changed much in the weeks leading up to the staking – at the time of writing, APE is trading around $4.20, the same price as two weeks ago. At its peak in the days leading up to Yuga Labs’ Otherside metaverse sale last April, APE was trading at over $22.

Holders can stake their APE or Bored Ape/Mutant Ape NFT on to start earning rewards on December 1. 12. According to the company’s website, 96.16 million APE dollars (a value of about $391 million at the time of writing) has been allocated as compensation to employees participating in the staking. Staking is still restricted in many countries, including the United States, where most of the Tired Ape catchers live. The Ape Foundation, which is an independent organization run by a number of prominent civil society groups, said the constitutional concern was a target. “Unfortunately, in the current regulatory environment, we have no real alternative,” the company said in a statement.

All my APECoins are gone

One important thing for people considering their NFT staking should be kept in mind: if the Bored Ape NFT seller sells it, they will also hand over their APE to new buyers, matter of how much and how many of the Ape holders already have. those involved. Community groups tried to challenge those involved in the warning on Twitter:

On Tuesday morning, Binance announced that the APE staking program will be coming to its NFT market when rewards start accumulating on December 12. The move has done little to boost Bored Ape NFT prices, which are still down significantly (over 50% in ETH) since last summer. At the time of writing, Bored Ape’s floor price on the OpenSea NFT market is below 70 ETH, which amounts to $87,000.

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