What is ApeCoin?
ApeCoin is a utility and governance token designed to support community-led initiatives driving culture forward into the metaverse. The token is used within the APE ecosystem, which is governed by a decentralized autonomous organization (DAO). The APE Foundation serves as the steward of ApeCoin, facilitating decentralized and community-led governance. ApeCoin serves several purposes within the ecosystem, including governance, unification of spend, access, and incentivization. The total supply of ApeCoin is permanently fixed at 1 billion tokens, with allocations going to the ecosystem fund, Yuga Labs and charity, launch contributors, and BAYC founders. A portion of the tokens for contributors is locked, with tokens unlocking over a predetermined schedule.
How to Deposit APE Into Your Coinmetro Account
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts, or using a full ETH wallet as an intermediary.
Note: As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk for loss of assets caused by a too-low gas limit.
How to Withdraw APE From Your Coinmetro Account
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be canceled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
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