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    ApeCoin is the APE Ecosystem’s governance token, allowing token holders to participate in ApeCoin DAO and giving its participants a shared and open currency that can be used without centralized intermediaries. 62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members.

    ApeCoin also gives access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects.

    The APE Foundation was gifted a 1 of 1 NFT by Yuga Labs, the creators of Bored Ape Yacht Club. Yuga Labs has conveyed all rights and privileges to this NFT and its underlying artwork to the APE Foundation. The ApeCoin DAO members can decide how this intellectual property is used.()

    The price of ApeCoin has fallen by 4.86% in the past 7 days. The price declined by 6.37% in the last 24 hours. In just the past hour, the price grew by 0.02%. The current price is CHF 3.65 per APE. ApeCoin is 85.88% below the all time high of CHF 25.85.

    In this bounty we were asked to provide data on APE token distribution in March 2022 and show how the activity has evolved since share.

    How have the first hours of APE staking been? How do the staking rewards for each pool compare? Provide any relevant data.

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    The current market cap of ApeCoin is CHF 1.32B. A high market cap implies that the asset is highly valued by the market.

    Based on the Coinbase, The current circulating supply of ApeCoin is 361 million and the median time that Coinbase customers hold ApeCoin before selling it or sending it to another account or address is 54 days.

    Total supply of $APE is 1 B which 150 M of it was airdropped to the winners(15% of total supply).

    In total 15 K wallets had claimed airdropped $APE(more than 96% of airdropped amount). Airdropped $APE was claimed in 16.4 K transactions.

    From 150 M airdropped $APE, 144 M was claimed and still 5.96 M had not been claimed yet(3.98% of airdropped $ape had not been claimed yet).

    In average, each wallet claimed 8.78 K $APE.

    The most amount of $APE that a wallet claimed, was 1.43 M.

    From 15 K claimers, 13 K of them claimed the airdrop in the first two days of token release.

    About 70% of volume of airdrop, was claimed in the first day of token release.

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    In the above charts, you can see the top 10 wallets that claimed the highest amount of $APE.

    You can also see the top 10 wallets that claimed $APE and had hold it yet and top 10 wallets that claimed $APE and had sold $APE.

    You can also see the top 10 holder of $APE at the time of this report.

    ‘0x54…5e’ as the top claimer of $APE had sold all the asset and is the top seller too.

    ‘0x5a..fcb’ as the top holder of $APE, is the Binance wallet address.

    Top claimer that had not sold its asset yet is ‘0xe…283’ which claimed more than 106 K $APE.

    About 96% of airdrop claimers, sold their airdrop and less than 4% of them had hold their airdropped $APE yet.

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    How have the first hours of APE staking been?

    How do the staking rewards for each pool compare?

    In the above charts, you can see the hourly count of stakes and stakers and also the volume of staked $APE on BAYC, BACK, MAYC and Ape pools seperatly.

    The highest count of stakes belongs to the pool that users could only stake $APE. From Dec 5, 1312 stake transactions was submitted in this pool. Although BAYC pool transactions was in the third rank of total transactions in these two days, but it had the highest volume of stake during this period. APE only pool, was in the second rank of staked volume.

    BACK pool had the least count and volume of stakes in total.

    In total 3550 stake transactions had been submitted in these pools. These stake transactions had the total volume of ~11 M.

    The highest count of stakes and stakers on the ==‘$APE only’ pool, was in the 3rd and 4th hour of pool activation. From noon of Dec 6th, count of stakes and stakers decreased. The highest volume of stake on this pool was on Dec 6th 16:00 and Dec 7th 13:00, which was more than 350 K. In other hours, this volume was less than 200 K. The average volume of stakes was less than 5 K in most of the times except in 2 times which reached to more than 20 K.

    Count and volume of stakes and count of stakers on BAYC pool, decreased from the hour that it was activated but had a spike on Dec 7th 14:00. Volume of stake reached to more than 250 K in only 4 hours. The average volume of stakes was about 8 K in most of the times.

    Count and volume of stakes and count of stakers on BAKC pool, decreased from the hour that it was activate. Volume of stake reached to more than 20 K in only 2 hours. It was less than 8 K in each hour from Dec noon. The average volume of stakes was about 800 in most of the times.

    On the MAYC pool, the same as the other pools, count and volume of stakes decreased by the time passing. Volume of stake was more than 70 K in only 4 hours and from Dec 6th noon, it was less than 50 K in all the times. The average volume of stakes was around 1500 in most of the times.

    Provide data on APE token distribution in March 2022 and show how the activity has evolved since share

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    ApeCoin’s staking rewards are just around the corner, set to begin emitting on December 12, and the official staking contract has already taken in nearly $32 million worth of APE in one day—along with a wealth of Bore Ape Yutch Club and Mutant Ape NFTs.

    More than 7.6 million APE have been deposited into the contract to date, along with a number of NFTs. That price has been ticking up since Horizen Labs launched the official staking contract on Monday, and now(Dec 6th) is up 6% over the last 24 hours at a current price of $4.16.

    Horizen Labs’ staking model provides APE token rewards to ApeCoin holders who stake their tokens within the contract, as well as Bored Ape and Mutant Ape NFT holders who do the same. All told, 175 million APE—or 17.5% of the total supply—will be awarded through staking over the next three years, with 100 million of that allocated to the first year of rewards.

    ApeCoin holders should be aware of three key dates:

    • Dec. 5, 2022: The staking site goes live and pre-deposits begin
    • Dec. 5-7, 2022: $APE contract is funded
    • Dec. 12, 2022: First $APE rewards are accrued

    The pre-deposit period allows $APE holders a reasonable amount of time to stake their tokens and/or NFTs and avoid a potential gas war. Thus anyone who deposits during the pre-deposit period, regardless of time, will be eligible for the same reward accrual starting on Dec. 12.

    Users can commit as many Bored Ape Yacht Club, Mutant Ape Yacht Club, and Bored Ape Kennel Club NFTs as they like, and only the committed NFTs will earn ApeCoin distributions and be eligible for a claim. The ApeCoin DAO compares the NFTs in this scenario to "a safety deposit key" which provides access to staked $APE tokens.

    There is an incentive mechanism to reward those who stake $APE early over future stakers. Thus the most $APE will be earned in the first 90 days of each staking period and will decrease each quarter until the end of the three-year staking period.

    Additional deposits can happen at any time after a commitment has taken place and $APE rewards can be claimed at any time, and un-staked. To unstake an NFT, the owner must complete an uncommit action.

    Upon uncommitting, all funds are withdrawn from the pool (including staked amount plus accrued rewards). Holders must remember to claim their staking rewards at the time of unstaking, otherwise, they run the risk of selling an NFT with unclaimed $APE available. 

    Those who own Yuga Labs NFTs, like Bored or Mutant Apes, can also stake their NFTs as part of the Horizen Labs staking launch. These holders will need to take part in a "commit process" before the staking of their NFT is allowed.()

    Rewards Calculation:

    ApeCoin rewards, known as $APE staking emissions, will represent 17.5 percent of the total supply of the token and be distributed over a three-year period.

    In the first year of staking, 100 million $APE will be released across all the staking pools. 

    There are four primary staking pools, to which holders of the Yuga Labs NFTs and $APE will have access.

    Note that all pools require at least some amount of $APE. The four pools, and their respective first-year token allocations, are below:

    • BAYC Pool: 47,105,000 tokens (47.1%)
    • MAYC Pool: 30,000,000 tokens (30%)
    • BAYC/MAYC + BAKC Paired Pool: 19,060,000 tokens (19.06%)
    • $APE-only Pool: 3,835,000 tokens (3.83%)

    There are staking caps in place as well, to be voted upon by the ApeCoin DAO ahead of each staking period. For the first staking period, those caps are as follows, on a per NFT basis:

    • BAYC: 10,094 $APE
    • MAYC: 2,042 $APE
    • BAKC: 856 $APE

    Thus a holder with three BAYC can stake and earn rewards on no more than 30,282 $APE.

    Staking rewards will be provided directly proportional to the amount of staked $APE in each pool. Participants are incentivized to own the highest percentage possible within a pool, to reap the maximum rewards. Those participants are also incentivized to be staked within each pool for the maximum time.

    The example below from Horizen Labs highlights how allocations will differ based on how many participants are in the pool and their respective $APE allocations.

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    Thus the final cross-pool allocations for Year 1 will look like the table below, after factoring in the differences in pool totals and the incentive distribution curve.

    db_img

    The staking allocations and caps will be re-evaluated after the first staking period (Year 1), ahead of future staking periods.

    Staked $APE balances will not be dynamically increased, thus those who want to increase their staked balance with rewards will be required to un-stake and re-stake.()

    Staking rewards will be provided directly proportional to the amount of staked $APE in each pool. Participants are incentivized to own the highest percentage possible within a pool, to reap the maximum rewards. Those participants are also incentivized to be staked within each pool for the maximum time.

    As you see above MAYC pool provide the highest APY in all the quarters. BAYC and BAKC are in the next ranks and $APE Pool provide the least APY in all the quarters.

    conclusion

    In total 15 K wallets had claimed airdropped $APE(more than 96% of airdropped amount). Airdropped $APE was claimed in 16.4 K transactions.

    From 150 M airdropped $APE, 144 M was claimed and still 5.96 M had not been claimed yet(3.98% of airdropped $ape had not been claimed yet).

    In average, each wallet claimed 8.78 K $APE.

    The highest count of stakes belongs to the pool that users could only stake $APE. From Dec 5, 1312 stake transactions was submitted in this pool. Although BAYC pool transactions was in the third rank of total transactions in these two days, but it had the highest volume of stake during this period. APE only pool, was in the second rank of staked volume.

    BACK pool had the least count and volume of stakes in total.

    MAYC pool provide the highest APY in all the quarters. BAYC and BAKC are in the next ranks and $APE Pool provide the least APY in all the quarters.