Allegedly, $APE token might be available to all previous holders of BAYC NFTs

In response to a Twitter person, @WillyTheDegen, Yuga Labs would possibly distribute $APE tokens to the house owners of Bored Ape, Mutant Ape or Kennel canine. The identical person introduces the supply as a MoonPay worker.

Picture depicts Tweet
Picture Credit score: Twitter

If that’s true, then how a lot $APE tokens will the holders obtain?

In response to @WillyTheDegen, the quantity might be based mostly on how lengthy the house owners have held the NFTs.

This isn’t the primary time somebody has talked about $APE token distribution to BAYC holders. Earlier, NFT influencer, @economist wrote an article explaining how distribution can happen.

Picture depicts Tweet
Picture Credit score : Twitter

In response to him, a complete token rely of greater than 1 billion could be distributed. Nonetheless, he made the assumptions in response to knowledge obtainable from the interval from fifth December to twelfth December 2021.

At the moment, over 6000 distinctive wallets personal a BAYC authentic ape. So if the rumors are true, $APE may have a considerable group to again the token.

Lastly, the distribution of the tokens will definitely encourage earlier holders of BAYC to re-engage with the mission. All in all, they’ll select to carry, promote, and even dump their $APE tokens to different collectors.

If the speculations come true, BAYC will add a number of new followers. Until then, keep tuned!

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All funding/monetary opinions expressed by are usually not suggestions.

This text is instructional materials.

As all the time, make your individual analysis prior to creating any form of investments.

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