03-19-2022, 09:09 PM
To the people saying ApeCoin does not only exist to make the founders rich...
<!-- SC_OFF --><div class="md"><p>APE has a total supply of 1 Billion token.</p> <p>Yuga Labs will receive 150M Tokens (15% of total supply), which will be locked up for 12 months and after that 4,166,666.67 will be released every months for 36 months.</p> <p>The founders of BAYC (which are the 4 founders of Yuga Labs) receive 8% of the total supply, which are 80M Token, also locked up for 12 Months and then released monthly at 2,222,222.22 Tokens per Month.</p> <p>Yes, 4 people will get 8% of the total supply.</p> <p>So Yuga Labs + their founders will receive a total of 230M tokens, which is 23% of the total supply. After a 12 months lockup they will receive 6,388,888.89 tokens every month, starting in march 2023. That's $84,652,777.79 at the current price, every single month...</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/babossa77"> /u/babossa77 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/thvtv9/to_the_people_saying_apecoin_does_not_only_exist/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/thvtv9/to_the_people_saying_apecoin_does_not_only_exist/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>APE has a total supply of 1 Billion token.</p> <p>Yuga Labs will receive 150M Tokens (15% of total supply), which will be locked up for 12 months and after that 4,166,666.67 will be released every months for 36 months.</p> <p>The founders of BAYC (which are the 4 founders of Yuga Labs) receive 8% of the total supply, which are 80M Token, also locked up for 12 Months and then released monthly at 2,222,222.22 Tokens per Month.</p> <p>Yes, 4 people will get 8% of the total supply.</p> <p>So Yuga Labs + their founders will receive a total of 230M tokens, which is 23% of the total supply. After a 12 months lockup they will receive 6,388,888.89 tokens every month, starting in march 2023. That's $84,652,777.79 at the current price, every single month...</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/babossa77"> /u/babossa77 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/thvtv9/to_the_people_saying_apecoin_does_not_only_exist/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/thvtv9/to_the_people_saying_apecoin_does_not_only_exist/">[comments]</a></span>Kind Regards R