ApeCoin (APE) is an ERC-20 governance and utility token compliant with the Ethereum network. Launched by Yuga Labs, the creative group behind the Bored Ape Yacht Club (BAYC), one of the most well-known NFT projects to date, APE will be the primary token for new BAYC-related products. Additional use cases include governance within the ApeCoin DAO, incentives for developers participating in the APE ecosystem, and the ability for participants to use a currency that can be used without centralized intermediaries.
We’re excited to be adding new cryptocurrencies because it gives donors more flexibility in the way they donate. We recognize that converting from one crypto to another can be a taxable event in many countries, so we want to offer flexibility to accept other tokens directly.
How to Donate ApeCoin to Charity
With this latest update, more than 1,400 nonprofits, universities, faith-based and other mission-oriented organizations can now accept ApeCoin donations on The Giving Block Donation Form and platform. Donors looking to support an organization or cause that’s important to them with ApeCoin can do so by browsing nonprofits and Impact Index Funds and selecting ApeCoin in the Donation Form when completing the transaction.