vEmpire DDAO (the global NFT investment organisation, GameFi platform, metaverse) has introduced staking to the ApeCoin cryptocurrency. CoinJournal was informed by a press release that the yield on staking begins at triple digits.
Increasing the range and number of use cases
ApeCoin had been limited to use for governance purposes. Now, holders have the right of vote on ApeCoin’s distribution of funds and can participate in matters relating to the ApeCoin DAO.
ApeCoin holders will now be able to earn interest as well as get more exposure to the ecosystem year round, since there is an APE Staking Pool.
Rendering holdings productive
vEmpire will purchase additional assets based upon APE for each APE staked and play games within ApeCoin. This will make investors’ APE holdings productive, enabling them to generate passive income.
Dominic Ryder, CEO of vEmpire, said:
We believe it will be revolutionary to allow our community stake $APE. It enables investors to earn financial rewards on their $APE holdings in ways that even ApeCoin doesn’t have native functionality for. This will make investing in Metaverse assets easier, more rewarding, and more productive. It is a revolutionary idea to launch the ApeCoin. The ApeCoin’s ability to generate passive income before the rest of the industry is what will make it the most attractive for investors. vEmpire will offer the best investment opportunities not only to our community, but to the larger Metaverse & NFT community as well. This is only one of many exciting staking pool coming this year.
ApeCoin, an ERC-20 utility token and governance token that is used within the larger ApeCoin ecosystem has experienced tremendous growth since its launch in March 17. The market capitalization of the coin quickly rose to #45.
APE was trading at $12.82, with a daily trading volume of $842 Million. ApeCoin is currently down 7.49%.