Ape coin
Ape coin. Because APE has a discrete value and is already trading on major exchanges, claiming these coins is a little like claiming free money. And 80 million APE goes to the founders of Yuga Labs. Anyone with a Loot NFT was automatically entitled to a certain amount of AGLD, and claiming those tokens meant coming into tens of thousands of dollars without any extra effort.
In this sense, an NFT can function as a license to print money. It hinges on the idea that ApeCoin DAO is entirely independent from Yuga Labs. If Yuga Labs issued a token explicitly as a reward for Bored Ape holders, you could more easily make the argument that a Bored Ape is a kind of investment, and therefore subject to securities regulations.
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I've tried it for 4 days. I have now made 9. Great return but we need to get to 40bcoin to withdraw.
Gallery of Ape coin
