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May 12, 2022

ApeCoin: The Future of Governance

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ApeCoin (APE) may not be the first token to focus on governance. Still, it’s certainly an ambitious one, with grandiose plans to decentralize the concept of governance itself. 

Before we dive into the specifics of ApeCoin, however, let’s first take a step back and look at what drives this coin in the first place: Governance-the management and administration of a company or organization-is all around us, influencing our everyday lives without us even realizing it.

Current Centralized Systems Are Bad

People don’t like centralized systems. From a practical perspective, centralized systems are too big to respond to all but their biggest customers. But people hate them even more on an ideological level, and they promote centralization and consolidation over decentralization and distribution. 

People have been talking about blockchain-based governance since it first appeared in Bitcoin. And while there’s no consensus as to whether or not it will succeed, we do know that experimenting with new governance models is essential to unlocking blockchain’s true potential as a tool for social innovation and collective self-organization. 

ApeCoin represents that experimentation-with governance built into its DNA from day one-and could be a signal as to how different communities may want to govern themselves in coming years or even decades.

Current Decentralized Systems Are Bad Too

One of blockchain’s most disruptive use cases is in e-governance, where it allows citizens to manage their own communities and governments. These kinds of systems have several issues, however:

  1. They require a lot from their users; in order to make any changes or improvements to governance, citizens have to vote on changes via an interface that could be difficult for new users.
  2. These systems don’t offer much accountability; because voting data is public and immutably recorded on a ledger (but not who voted for what), transparency could be low if users aren’t diligent about checking IDs during each vote.
  3. There isn’t any incentive for voters besides civic duty.

A New Way Forward – Introducing Apes Coin

There is no doubt that we are at a crossroads in society. With climate change, ecological destruction, and declining biodiversity issues facing our planet today, it’s time for a new way forward. This means making big changes in what we do and how we do it – right down to our consumption habits. 

Recent studies have shown that about 62% of all carbon emissions come from direct human activities such as transportation and industry. That’s more than 20% above earlier estimates. As a world, we need to take action now to fight these challenges that threaten us all before it’s too late.

What are APEs? How do I get some?

Do you want to know where to buy APE coins? APEs, or ApeCoins, are ERC-20 tokens. APEs can be bought and sold on CoinExchange (APE/BTC) and EtherDelta (APE/ETH). Both exchanges only offer trading pairs with Bitcoin. Still, once you have some APEs, you can use these coins to trade for other cryptocurrencies and services within our ecosystem. 

For example, if you want to play a game in one of our simulators, then you’ll need APEs. If you want a new hat from one of our vendors, then you’ll need APEs. You get it-APEs are pretty much everything in our ecosystem. If there is something that costs money in any part of our ecosystem, then it will cost APE to purchase those things. How do I get some? Easy peasy.

What can I do with my APEs?

As an ApeCoins (APE) holder, you can participate in governing how APE runs as a business. This system is called APE DAO (Decentralized Autonomous Organization). Voting for proposals within APE DAO is done using your APEs token holdings. 

Whatever amount you hold will be multiplied by a certain amount to put it into perspective. Whenever you stake your tokens on a vote, it will be multiplied by 100% if you own 1% of all tokens or 5000% if you have 50%.

Final Thought

ApeCoin (APE) is an ERC-20 token used within its ecosystem. APE can be earned and spent in various ways, from unlocking game levels to purchasing merchandise. APE’s most interesting use, however, lies in governance. 

ApeCoin holders will be able to vote on different proposals for how development and funding should proceed, improving transparency and ensuring that ApeCoin’s core values stay true to those who hold them most dear. 

Thanks to ApeCoin’s blockchain-based platform, governance is more efficient than ever before; voting will take place through transparent smart contracts that all parties can track.

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