ApeCoin

ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club NFT project. ApeCoin is an ERC-20 governance token, allowing ApeCoin holders to participate in ApeCoin DAO. As the open-source protocol layer of the ecosystem, ApeCoin will also be used to access games, merchandise, events and services.

ApeCoin is the cryptocurrency of a new DAO (decentralized autonomous organization): ApeCoin DAO. It's the official token of the famous Bored Apes Yacht Club (BAYC) NFT collection. Yuga Labs, the company that owns BAYC, gifted ApeCoin DAO a 1/1 BAYC NFT that grants IP rights.

ApeCoin is not an NFT. It is a fungible ERC-20 (Ethereum blockchain-based) governance and utility token that gives owners a stake in ApeCoin DAO. ApeCoin holders become ApeCoin DAO members.

ApeCoin DAO members will get a say in decisions related to DAO finances, governance, and projects.

Decisions will be carried out by the Ape Foundation, a legal entity formed to steward the DAO. 

The Ape Foundation's board includes: Alexis Ohanian, (Reddit & 776 Fund), Amy Wu (FTX Ventures), Maaria Bajwa (Sound Ventures), & others.

Only 1 billion ApeCoins were minted, and this amount of supply is permanent. 8% were gifted to the individual BAYC founders, 14% to launch contributors, and 16% to Yuga Labs and the Jane Goodall Foundation. The rest goes to BAYC NFT holders and anyone who buys.

Apecoin.com (2022)
CoinDesk (2022)
TechCrunch (2022)
The Verge (2022)


Buy the close & sell the open of the NASDAQ every day. Use any available buying power, but no margin.

Trading

For every 2% percent NVDA is down weekly, add 2% to my position.

If the Fed announces a rate drop, trim 10% of bank stocks and move it into high-growth tech.

Risk Management

Every time my option orders to open execute, place a close order assuming a 20% gain.

When my checking account has >$5k, move half into HYCA and half to buy my watchlist stocks at <25x P/E.

Cash Movements

Free up $50k by selling assets with long-term cap gains & are at all-time highs. Don’t touch AI or crypto.

Sell covered calls on my PLTR positions. I want to generate $5k/mo with low risk of strike being hit.

If META CEO starts saying “VR” more than 10 times in an earnings call, trim my META position.

Take a small position in the stocks that are rumored to be added to the S&P 500 before they are added.

Research

Alert me every time a position has long-term cap gains, and email monthly statements to my accountant.

Track a custom index of the top 20 companies across Nasdaq, S&P500 and Russell, equally weighted.