What is ApeCoin (APE)?
ApeCoin is an ERC-20 token and a governance token for the ApeCoin DAO, a community-run, decentralized organization that governs the Bored Ape Yacht Club (BAYC) ecosystem. BAYC is one of the trendiest NFT projects, attracting billionaires and celebrities all over the world. For this reason, the APE airdrop generated massive media attention, with the expected price volatility following soon after.
What are the benefits of ApeCoin (APE)?
At the moment, ApeCoin’s utility is quite limited but in the future, BAYC says APE will be used as a medium of exchange in NFT marketplaces, as a governance token for the ApeCoin DAO, as in-game currency for blockchain games, and more. For traders, APE is highly beneficial due to its volatile price action, providing many opportunities to play with the market.
Should I buy ApeCoin (APE)?
The NFT market is a controversial one. One side believes NFT represents the future of art and collectibles while others think it’s nothing more than a tech fad. ApeCoin is new so it’s currently a risky investment. IF you believe in the future of BAYC and NFTs in general, then buying APE would support your beliefs. However, be sure to manage your investment and risk effectively to avoid a total loss. NFTs are very much a speculative investment and prone to volatile price action in either direction.
How to get an instant APE loan
Don’t sell your APE. Use it as collateral for an instant crypto loan and get up to 90% of your collateral’s value in a variety of currencies. We have APE to USD loans, APE to EUR loans, APE to GBP loans, APE to CHF loans, and stablecoin loans as well. Simply deposit APE today, choose a loan plan – or create a custom one yourself – and you’ll receive up to 30,000 in a currency of your choice in seconds.
How to borrow ApeCoin - How does it work?
With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow APE you first must convert one of the above to fiat and convert it to APE using our exchange service.
ApeCoin loan calculator
You can use our APE loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan ApeCoin, please check the calculator first to see which plan works best for you.
ApeCoin lending process
ApeCoin lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future APE loans.
It's worth trying! Forget selling your
with instant crypto backed loans on YouHodler
If you would like to learn more about crypto credits, please continue to the app. Start boosting your crypto portfolio now with YouHodler's crypto lending, convert, buy and sell options.