As per AIP-21, in order to accelerate the uninitiated, staking participants will stake their holdings and use their BAYC NFTs to receive APE from a predetermined pool during a specified period. On the other hand, the AIP-22 proposal presented the total ApeCoin allocation for the staking pool. It was specified that 17.5% of the total ApeCoin supply would be distributed over a period of three years. The ApeCoin team recently teased a staking update to AIP-21/22 compliant APE holders.

ApeCoin team is working on a staking update in line with AIP-21 and AIP-22. The update is a new opportunity for ApeCoin holders to earn interest or bonuses on their holdings. In this video, we will discuss more about AIP-21/22 Staking Update and its effects on the Price of ApeCoin.

#ApeCoin
#StakingCrypto
#Cryptopress

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#Apecoin #Ape #Crypto #NFT #BoredApes #Airdrop
In this video we will talk about Apecoin, the new crypto that everybody is talking about and you need to know why this new coin is pumping up.

Ape Stake Link – https://apestake.claims.wiki

ApeCoin is the native token of the Bored Ape Yacht Club (BAYC) ecosystem. The APE Foundation is the steward of ApeCoin and acts as the base layer on which ApeCoin holders in the ApeCoin DAO can build. The ApeCoin protocol layer serves as the foundation for community-led initiatives that drive the adoption and integration of BAYC culture into the Metaverse.

How to stake APE

There are several ways to earn a return on your APE, including lending them out to custodial providers or through decentralized lending protocols, or delegating your tokens to staking pools.

For the best security and control over your funds, we recommend using a Ledger Hardware Wallet. To delegate your tokens, you should ensure they are stored on your Ledger or Metamask wallet, and then follow these steps below:

Step 1: Go to the Apecoin Staking Portal and connect your wallet.

Step 2: Select the staking pool that applies to you.

Step 3: Click ‘Stake’ and sign the transaction.

Do I need to maintain my staking in any way?

Once you have delegated your APE, there are things you need to consider going forward.

Firstly, you may want to estimate your APE staking rewards using the Apecoin Staking Calculator to determine your expected rewards over your holding period.
As a participant in the Ape ecosystem, you will have the opportunity to vote on Apecoin Governance Proposals. While your contribution and vote are highly valuable to the ecosystem, it won’t affect your rewards.
You will lose your staked APE if you sell your NFT while you still have APE staked. So, if you’re about to sell your BAYC or MAYC, WE STRONGLY RECOMMEND THAT YOU UNCOMMIT YOUR NFT PRIOR TO THE SALE.

How do I choose APE validators?

ApeCoin staking is a smart contract-based mechanism that allows holders to earn rewards by holding and locking up their APE in one of the four available pools. Unlike traditional staking models that use a validator set, ApeCoin staking does not involve the selection or management of validators, and rewards are distributed to stakers based on pre-determined conditions set by the ApeCoin protocol.

How are the staking rewards generated?

The Staking Rewards on APE consist of predetermined emissions set by the Apecoin DAO:

Inflation on the Apecoin Network: During the first year of staking, 100 million APE will be dispersed as incentives throughout staking pools. This implies that APE holders who choose not to stake will get diluted over time.

There are four pools available:

APE Staking Pool:

You can stake and start earning rewards as long as you have APE in your wallet. There are no NFTs needed. The APE pool’s total staking allotment is 30,000,000 APE.

BAYC Staking Pool:

To join the BAYC Staking Pool you need to be holding your BAYC NFT in your wallet. There is a maximum stake of 10,094 APE for every BAYC that you hold. The BAYC pool’s total staking allotment is 47,105,000 APE in year one.

MAYC Staking Pool:

To join the MAYC Staking Pool you need to be holding your MAYC NFT in your wallet. There is a maximum stake of 2,042 APE for every MAYC that you hold. The MAYC pool’s total staking allotment is 19,060,000 APE in year one.

BAKC Staking Pool:

To join the BAKC Staking Pool you need to partner your BAKC with a BAYC or MAYC to earn rewards. your MAYC NFT in your wallet. The BAKC pool’s total staking allotment is 3,835,000 APE in year one.

What happens if I sell my BAYC, MAYC or BAKC while staking?

You will lose your staked APE if you sell your NFT while you still have APE staked.

Think of your BAYC or MAYC like a box that holds your APE. If you sell the box, the new owner gets the box plus all of its contents. So, if you’re about to sell your BAYC or MAYC, WE STRONGLY RECOMMEND THAT YOU UNCOMMIT YOUR NFT PRIOR TO THE SALE. ‘

This will ensure a clean deposit into your wallet of both your staked and earned rewards. If you happen to sell your NFT and forget to uncommit it, the new owner has the ability to uncommit it, and as the NFT is transferred to the new owner, so too will transfer your staked APE and rewards.

What are the risks to staking APE?

Whilst we want to ensure staking is as safe and transparent as possible, there are still things to consider regarding whether a specific staking option is right for you.

Slashing risk: There is no slashing risk for APE staking.

Protocol security risks: There is an inherent risk that the protocol could contain unknown bugs, this risk applies not only to staking but also the investment in APE.

Please note that this is not an exhaustive list of all the risks related to staking.

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Welcome to this insightful episode of ‘Daily Crypto News’, where we dig into the intriguing world of ApeCoin. Is ApeCoin just a meme coin, or does it offer tangible value in the vibrant crypto market? We take a deep dive into the potential of ApeCoin and its standing within the crypto space.

We also delve into trending crypto topics, including Bitcoin’s attraction to institutional investors, Binance’s progress with Bitcoin Lightning Network integration, and the implications of Central Bank Digital Currencies (CBDCs). Our spotlight is on the recent move by the Brazilian government to freeze funds.

In this extensive guide to the latest in the crypto world, we tackle the rising concerns over regulatory recommendations aimed at the crypto industry and what they could mean for your favourite DeFi projects.

Will ApeCoin become a game-changer in the crypto market? Be sure to tune in to find out!

Visit our Crypto is good Store: https://www.cryptoisgood.studio/

#apecoin #bitcoin #money #cryptonews #bitcoinnews #tradingcrypto #ethereum #algorand #internetcomputer #xrp #dogecoinnews #ethereumnews #aptoscoin #boredapes #ordinals #pepe #quant