The crypto industry has seen quite a lot of different unique concepts and extraordinary ideas. However, some people noticed that there had not been a properly executed crypto meme regarding the infamous apes. Promising meme APE-X token aims to change this by creating a new movement.
Seeing the massive success of other meme-based cryptos such as Doge and Shiba Inus, the impressive project decided to curate a collection that caters to the niche sector that these other ventures have missed – the degenerate apes.
Leaning into this specific community, APE-X Token focuses on creating products that push the boundaries of what can be accomplished with financial primitives. It primarily looks at the most risk that it can safely get away with for its users to get the best return of investment.
This excellent strategy not only yields great results but also perfectly caters to the needs of its target market, the crypto apes, which are high-risk crypto traders that “ape first and think later.” This is also one of the main reasons why the venture decided to use the ape as its meme mascot.
They are also hosting a massive giveaway for a Bored Ape Yacht Club (BAYC) NFT to one lucky holder of the APE-X token. Full details are available on their website. The third phase is the part where the community votes for the initiatives to be undertaken in 2022. It will also see more partnerships with artists for a new NFT series and more exchange listings.
APE-X has also coined the term “MemeFi” because as much as it loves DeFi at its core, its creators think it is too suit and tie, which contradicts with the initiative’s fun concept. On top of that, the creative new lingo will capture the attention and interest of a broader audience.
The project provides amazing tokenomics for its holders with features such as a Liquidity Generation, wherein 5% on all transactions is compiled in the token contract. It also includes a Frictionless Yield wherein 4% of all transactions will be automatically and proportionally distributed to existing holders of APE-X.
Finally, it utilizes a deflationary approach wherein 50% of the total supply will be burnt at conception, which results in the burn address being the largest holder. Then, 50% of the 4% distributed to token holders will be sent to the burn address, further reducing supply.
When asked what makes the project stand out, its creators proudly answered, “In our eyes, our products have the most “based” marketing appeal to high-risk crypto traders. We have a niche target audience, and more so than any other competitor, we lean into that niche through our memes, communication style and product design.”
They added, “More so than any of our competition, we also believe that our explainer materials and products are both fun and accessible to those that may be new to crypto. We try very hard to capture all audiences that are interested in high-risk trading and crypto meme culture.”
Ultimately, APE-X Token has built a community of loyal apes and a movement. But more than that, it has fulfilled its mission of providing a high utility token that guarantees longevity and promises high returns for its community of high-risk crypto traders.