New York, NY, August 22, 2022 – (SEAPRWire) – Baby-Ape, the newest meme-themed crypto project, has announced the launch of its platform. Baby-Ape introduces a set of new mechanisms; for example, the team will release the coins first, and NFTs will follow. Users can own these NFTs by burning specific coins.
Since Baby-Ape‘s launch, the coin has seen a significant surge in price, over 70%. Currently trading at $0.017, it could make another leap in price after the proposed NFT release. Baby-Ape‘s new strategy of minting with the $BAPE token to get NFTs, actually the only way of owning an NFT, can push the token‘s price to unimaginable heights.
Wishing Pool and $BAPE
Baby-Ape introduces an NFT minting process called Wishing Pool. Users will burn $BAPE after throwing their wishes into the Pool and obtaining an NFT. With a total supply of 1 billion tokens, Baby-Ape hopes to provide a new experience through meme development. The team aims to reshape the meme crypto industry, conferring a different meaning and value to the community.
The upcoming Baby-Ape NFTs will have 2888 NFTs in the collection and 100k $BAPE tokens for each. This means that after every NFT is minted, 28.8% of $BAPE will undergo the burn process. 51.8% of $BAPE will be locked in a liquidity pool for two years and released quarterly.
With 12% and 8% set aside for the team and marketing purposes, respectively, and half of the tokens locked, Baby-Ape employs this strategy to increase the meme token‘s value further.
The Baby-Ape NFTs will have 8% royalties for the team, and 50% of the proceeds will go to purchasing $BAPE tokens quarterly. Baby-Ape is an exquisitely designed project with a clear vision.
Baby-Ape Roadmap and Future Plans
Talks are underway for Baby-Ape to list on various centralized and decentralized exchanges. The team aims to run a genuinely transparent project, which is why it has announced that statistics, data, and reports of how much $BAPE is burnt and how much has been spent on repurchase will be available to the public.
Additionally, Baby-Ape will leverage the brand name to enter into various industries.
Baby-Ape is a new meme-themed token that aims to reshape and reconstruct the narrative around meme tokens. Baby-Ape introduces various systems and mechanisms like the Wishing Pool and auto-burn systems. With an NFT release underway, Baby-Ape will offer a new way of minting non-fungible tokens.
Contact: Media team
The article is provided by a third-party content provider. SEAPRWire ( cs/at/SEAPRWire.com ) makes no warranties or representations in connection therewith. Any questions, please contact
Sectors: Top Story, Daily News
SEA PRWire: PR distribution in Southeast Asia (Hong Kong: , ; ; Singapore: , ; ; Thailand: , ; Indonesia: , ; Philippines: , ; Malaysia: , ; Vietnam: , )
Information contained on this page is provided by an independent third-party content provider. Binary News Network and this site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]