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August 2, 2022

apecoin land sale time

The hope was that those challenges would be assuaged via a rigorous gating mechanism in the form of an on-chain KYC, a max mint of 2 per KYC’d wallet, and a significant clearing price at 305 ApeCoin.“

  • “This has been the largest NFT mint in history by several multiples, and yet the gas used during the mint shows that demand far exceeded anyone’s wildest expectations. The scale of this mint was so large that Etherscan crashed. We’re sorry for turning off the lights on Ethereum for a while. It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. We’d like to encourage the DAO to start thinking in this direction.“
  • “We are aware that some users had failed transactions due to the incredible demand being forced through Ethereum’s bottleneck.

    • Contents:

    Apecoin land sale time

    • “10,000 are for BAYC claim for the Biogenic Swamp at the center of the Otherside“
    • “20,000 are for MAYC claim for the Chemical Goo on the outskirts of the swamp“
    • “55,000 are for purchase with ApeCoin for the Rainbow Atmos, Cosmic Dream, and Infinite Expanse“
    • “15,000 are for Yuga and other project developers for the Rainbow Atmos, Cosmic Dream, and Infinite Expanse“

    What Yuga Labs Says About How the Otherdeed NFT Sale Went

    On May 1, Yuga Labs commented on the insane demand for land plots in the Otherside metaverse:

    • “We know that the Otherdeed mint was unprecedented in its size as a high-demand NFT collection, and that would bring with it unique challenges.

    APE-powered game based on BAYC would be launched in April:

    The first rumor about the sale of virtual land in the Otherside metaverse arrived on Monday (April 18) courtesy of Twitter user “@WillyTheDegen“:

    According to a Cointelegraph report published earlier today, Otherside will be “an MMORPG game where players can employ their NFTs as native avatars or characters.” The report went on to say that “a leaker investor pitch deck showed that Yuga Labs expects to earn $178 million by selling virtual lands, with APE acting as the de-facto token to process these purchases.”

    Then Twitter user “@renegademasterr” said that he had been told by “a reliable source” that the minimum bid price for the auction of land plots in the Otherside metaverse would be 600 $APE:

    This info was sent to me by a reliable source, however is not confirmed or official news.

    Apecoin land sale time-

  • ApeCoin price has crashed 56% from its all-time high at $27.49, suggesting a strong sell-off.
  • APE could slide to $9.64 as the chances of sell-off are high around the $12.28 support level.
  • A decisive four-hour candlestick close above $14.43 will invalidate the bearish thesis.

    • ApeCoin price has been on a rollercoaster ride as it shot up to a new all-time high due to the YugaLabs’ Otherside metaverse land sale. Due to the sudden spike in demand, the market value of APE shot up and eventually came crashing down as the hype died down.

    ApeCoin price needs buyers

    ApeCoin price has nosedived 56% from its all-time high at $27.49 on April 29 and is currently hovering around $11.95.

    Apecoin land sale time-waster

    You’ll want both in the wallet you used for the KYC.“

  • “Mint will be Dutch auction style, so the ApeCoin price will decline over time. The starting price of the Dutch auction will be announced later this week.“
  • “Only those who were KYC-approved can mint in the auction.“
  • “BAYC and MAYC holders, you’ll be able to claim an NFT for 21 days after the auction. You don’t need to be KYC-approved to claim, but you DO need to be KYC-approved to mint in the auction.“
  • “And before anyone asks: Whatever ApeCoin is earned from this auction will be locked up for one year.
    That means no voting with it in the ApeCoin DAO either.    “
  • “The morning of 4/30, you’ll be able to pre-approve your KYCed wallet on https://otherside.xyz. This will allow the smart contract to use your ApeCoin to mint during the auction.

    • Apecoin land sale timebo

    The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice.
    Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate.
    Speculation at this stage so please DYOR as always! Just sharing what I was told. ✌️— renegademaster / guccibayc.eth (@renegademasterr) April 20, 2022

    ApeCoin’s Price Action

    According to data by TradingView, on FTX, since 00:00 UTC on April 18 when $APE was trading around $11.73, its price has gone up by 37.6% vs USD since currently (i.e. as of 19:50 UTC on April 20) $APE is trading around $16.14.

    Disclaimer

    The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice.

    In this article, we take a closer look at what has been driving the price of ApeCoin ($APE) — which is the governance and utility token of the ecosystems of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) — has been surging in the past couple of days.

    What Is Bored Ape Yacht Club (BAYC)?

    Bored Ape Yacht Club (BAYC) is an NFT collection and ecosystem developed by Yuga Labs. Here is how they describe this collection:

    “BAYC is a collection of 10,000 Bored Ape NFTs—unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board.

    ApeCoin, developed by Yuga Labs, is trading at all-time highs ahead of Saturday’s Otherside NFT auction. The NFTs are thought to represent land parcels for the Otherside Metaverse.

    The subsequent major development in the universe of the Bored Ape Yacht Club is just around the corner.

    Participants can take part in the first mint for Otherside, a new Metaverse being launched by Bored Ape Yacht Club founder Yuga Labs, can join today if they pre-registered on somethingisbrewing.xyz before April 1st. The NFTs represent Otherdeeds, 55k plots of land that will be available for sale.

    The Otherside metaverse and apecoin

    ApeCoin’s price has shown fluctuations ever since its debut on March 17th.

    It dropped to an all-time low of $6.21 shortly after its introduction but swiftly recovered.

    InvestorPlace – Stock Market News, Stock Advice & Trading Tips

    ApeCoin (APE-USD) bulls have been staying busy since the launch of their beloved token. The project — known for its close ties to the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection — is one of the fastest-growing assets on the market right now. And there’s reason to believe this growth will only continue.
    APE has a glaring catalyst on the horizon.

    Since its inception just over a month ago, there has been much talk around the soaring ApeCoin crypto. The project is evidence of just how high a crypto can go with the right demographic.

    On Sunday (May 1), Yuga Labs talked about the insane demand for its Otherdeed NFTs (which are like “title deeds” for land plots in the Otherside metaverse) and how this impacted the sale process on April 30.

    What Is Bored Ape Yacht Club (BAYC)?

    Bored Ape Yacht Club (BAYC) is an NFT collection and ecosystem developed by Yuga Labs. Here is how they describe this collection:

    “BAYC is a collection of 10,000 Bored Ape NFTs—unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board.

    Specifically, APE is built to underlie Bored Ape Yacht Club, the ape-themed NFT collection that took the world by storm last year and became one of the most highly valued collections ever.

    ApeCoin launched in late March in response to the success of BAYC. The project is not officially tied to the project. However, ApeCoin enjoys a reputable backing, including executives at FTX and Animoca Brands as well as Reddit founder Alexis Ohanian. Built to help decentralize the project while also fostering growth, ApeCoin has already received the blessing of BAYC developers.

    Thanks to the introduction of APE, BAYC developer Yuga Labs now has its own native currency to underlie the ecosystem.

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