In the last 14 days, apeCoin’s price has risen by around 50%. It has also been trending high on CoinGecko and CoinMarketCap over the last few weeks. As a result, a person who invested Rs 1 lakh in ApeCoin 14 days ago would have grown his wealth to around Rs 1.5 lakh by now! The ApeCoin price has increased from over $11.57 on 17th April to more than $26 on 28th April, according to CoinGecko data. In this article we will tell you everything you need to know about the apecoin. We will also tell you how to buy apecoin in india
As of press time, APE was trading at $17.44. However, it remains one of the top trending cryptos despite its 30% price drop in the last 24 hours. Across 30 days, the price of ApeCoin has grown by 37.3% and by 49.2%, according to CoinGecko.
What is Apecoin?
Before we tell you how to buy apecoin in India, first let’s tell you what is the coin all about. It serves as a governance and utility token for Bored Ape Yacht Club or BAYC. Yuga Labs’ Bored Ape Yacht Club features 10,000 works of art by bored apes from all over the world. In order to ensure governance within the Ape ecosystem as the community grows, the ApeCoin DAO is overseen and managed by the ApeCoin Foundation. Consequently, the Foundation acts as a facilitator for ApeCoin holders to vote on the DAO. ApeCoin is utilized in the APE Ecosystem as a utility token and governance token. The Web3 community is also encouraged to evolve in a decentralized manner.
Bored Ape Yacht Club management created APE tokens as a unique creation. Now lets talk about how to buy apecoin in India. ApeCoin DAO receives tokens that will allow it to access the Ape Ecosystem continuously. The Ecosystem Fund, which will be up for a vote by ApeCoin DAO members, collected 62% of all ApeCoin. In addition to providing access to certain areas of the Ecosystem, including exclusive games and services, ApeCoin is also used to purchase products.
How to buy Apecoin in India?
Using the CoinDCX crypto investment app, follow these three steps to buy your first APE.
You will have to register an account with CoinDCX by entering a valid email address and a valid user name on the signup page.
Ensure the password you set is strong once the Email Id has been verified.
For purchasing APE through the CoinDCX platform, you will need to verify your account.
The documents must be uploaded, and your account will be created in 15 minutes.
Once you are done with all the processes and your account is verified you can buy the coin.
But to do that first you have to deposit the money in your coin dcx account. After that, you can use that money to buy the apecoin. Hope after reading this article you are clear on how to buy apecoin in India.
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