ApeCoin DAO Distributed 35 Million APEs through its Pledge System
On March 14, it was reported that, 91 days after ApeCoin DAO launched its pledge system, 35 million APEs had been distributed through agreement, and another 30 million APEs would be distributed in the next three months. In the second quarter, ApeCoin DAO will allocate a total of 30 million APEs in four pledge pools, of which 9 million APEs will enter the APE Only pool, 14131500 APEs will enter the BAYC pool, 5718000 APEs will enter the MAYC pool, and 1150500 APEs will enter the BACK pool.
ApeCoin DAO entered the pledge in the second quarter, and 30 million APEs will be allocated to four pledge pools
Analysis based on this information:
ApeCoin DAO has recently distributed 35 million APEs through its pledge system, with an additional 30 million APEs to be distributed in the next three months. The second quarter of 2022 will see ApeCoin DAO allocate a total of 30 million APEs across four different pledge pools, including the APE Only pool, BAYC pool, MAYC pool and BACK pool.
The pledge system of ApeCoin DAO provides an opportunity for users to secure their tokens by pledging them for a specified period. Pledge pools are created to distribute APEs based on the duration and amount of pledged tokens. The APE Only pool, for instance, will bring in 9 million APEs, while the BAYC pool will have 14,131,500 APEs. The MAYC pool will get 5,718,000 APEs while the BACK pool will obtain 1,150,500 APEs.
The decision to allocate APEs in different pools reflects the DAO’s objective to promote equitable and inclusive participation from its community. Moreover, it will help to incentivize users for their contributions to the platform. The distribution of APEs will increase the liquidity of the entire system, thereby resulting in more secure tokens.
The ApeCoin DAO pledge system has been designed to create an ecosystem where all stakeholders can benefit from their contributions to the platform. The DAO is emerging as a leading provider of decentralized finance (DeFi), incorporating technology and innovative design to offer users a secure and reliable platform.
In conclusion, the pledge system of ApeCoin DAO has already gained a significant amount of users in the past few months. Based on the announcement of further distributions of APEs, it is clear that more users are likely to avail of the opportunity. The distribution of tokens across different pledge pools is expected to increase community engagement and encourage wider participation. With the increasing popularity of decentralized finance and peer-to-peer transactions, ApeCoin DAO is well-placed to emerge as a leading player in the DeFi space.
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