Nexo enables investors to achieve returns on bored token inspired by monkeys

Nexo enables investors to achieve returns on bored token inspired by monkeys

Nexo announced on Tuesday that investors can achieve returns with the newly introduced APECOIN (APE) inspired by Bored Ape Yacht Club - and describes itself as the first cryptocurrency platform that does this.

Users can earn up to 12 % effective annual interest (APR) for holding Apoin Use loans.

The Nexo stock exchange also offers a cashback incentive of 0.5 % on APE purchases.

The announcement follows directly on the capital increase of Yuga Labs of $ 450 million-which brings the founder of the Bored Ape Yacht Club to an evaluation of $ 4 billion.

ape is an Ethereum Utility token, say his creators, which is to be managed by a decentralized autonomous organization - the APECOIN DAO.

There are currently five active suggestions for voting - called AIP for APECOIN IMPROVEMENT Proposals. A proposal- aip-2 -regulates the coordination process itself.

The possession of a token is the only prerequisite for the DAO membership, but the apecoin foundation based on the Kaiman Islands has the last word in implementation. Each AIP states that “implementation can be changed intangible or materially in order to optimize safety and user-friendliness, to protect APE owners and to achieve the intention of the AIP.”

APE will serve as a decentralized protocol layer for new services that “drive culture into meta -verses”. website.

"The token will offer access to exclusive goods, games and events that take place in the ecosystem itself," said the KryptoBörse Binance, which APE has listed, said in an explanation.

The token, which was traded between about $ 9.60 and $ 15.35 after its first prison, currently has a market capitalization of around $ 2.4 billion $ Coingecko .

"with APE as a currency that enables you to have land and resources and to create assets in an interoperable gaming meta verse, Yuga, not only a full meta-severse," said Antoni Trenchev, co-founder of Nexo, in a statement to block works.

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The contribution Nexo to give investors the opportunity to achieve returns with bored ape-insspired token is not a financial advice.