In case you wanted to know the background behind apecoin and why project raid is happening 🤷‍♂️
Everyone keeps smashing copy pasta on the infofi posts for Project RAID. Nothing wrong with that, but I wanted to provide new context 🤷‍♂️ Do you ACTUALLY know what a culture coin is? Or why $APE HAD to transition from being a governance token? If not, it's okay. I'll explain 👇 If not, no worries. Let me explain 👇 In March '22, ApeCoin was dropped to BAYC/MAYC hodlers for free and it was amazing. ~10k $ape per BAYC, ~2k $ape for MAYCs and some other spiffs with the kennel club. The idea behind @apecoi is that it would act as a governance token, provided by the Yuga team, to enable the community to participate in transparent voting. Meaning the more of it you held, the more impactful your voice would be when voting on Ape DAO proposals. DAOs were all the rage. It was fun. Until about six people, who held a lion's share of the ApeCoin, started making all the decisions and running the DAO into the ground. Skip forward to June 1st of this year (2025). @CryptoGarga says he is considering dismantling the DAO, puts up the AIP, and it essentially passes unanimously. YAY!! WE DID IT!! APECOIN IS NO LONGER A COIN USED FOR GOVERNANCE 🎉 But wait. If ApeCoin isn't used for voting power, what is it used for? 🤔 This left a vacuum and forced us to find a new purpose for $ape. Project RAID was designed to sculpt this purpose. In comes the term "Culture Coin". WTF is a culture coin, you ask? The idea is that $ APE becomes a universally usable token for fun, degeneracy, DeFi, and hyperfinancialization, as well as incentives. And that the way $APE is perceived will now be predicated upon the behavior of our community. Our Culture. Obviously, @ApeChainHUB was the very start of that. @OthersideMeta is powered by $APE and if you hop in, you'll notice it is full of largely ApeChain communities (but not exclusively). As the native token for our chain, we have found A LOT of use cases here for $Ape. But ApeChain isn't enough. We want the whole world! The team started by making sure that ApeCoin was available to use in AS MANY places as possible AS FAST as possible. Hence, the RAID acronym (Rapid ApeCoin Integration Deployment). It began by opening up DeFi and financial use cases on chains where the culture is already strong AF. Solana and HyperLiquid. 35 integrations and places to use your $ape announced in the last few weeks. Anything could be next! To put it simply, what is a culture coin? It's you. And me. And how we use and make $APE the ticker forever. In our mind and in our hearts across every chain ❤️
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