ApeCoin, a latest crypto sensation, is a new ERC-20 governance and utility token used within the wider Ape ecosystem tht has itself experienced tremendous growth throughout the past year.
Currently, the only use case for ApeCoin is for governance, enabling token holders to have a say in the ApeCoin DAO and to vote on how the ApeCoin DAO Ecosystem Fund should be used.
When an investor stakes APE, vEmpire will utilize investors' stake by purchasing other Ape-based assets and playing games within the Ape ecosystem, with assistance from vEmpire’s Gaming Guild.
It enables investors to earn financial rewards on their Apecoin holdings in ways that it doesn’t have native functionality, said Dominic Ryder, Founder & CEO of vEmpire.
This will help contribute to making investment in Metaverse assets more accessible, rewarding and productive, he added. "However, earning passive income on the ApeCoin before most others in the industry is what will attract investors the most."
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