According to a Twitter user, @WillyTheDegen, Yuga Labs might distribute $APE tokens to the owners of Bored Ape, Mutant Ape or Kennel dogs. The same user introduces the source as a MoonPay employee.
If that’s true, then how much $APE tokens will the holders receive?
According to @WillyTheDegen, the amount will be based on how long the owners have held the NFTs.
This is not the first time someone has talked about $APE token distribution to BAYC holders. Earlier, NFT influencer, @economist wrote an article explaining how distribution can take place.
According to him, a total token count of more than 1 billion might be distributed. However, he made the assumptions according to data available from the period from 5th December to 12th December 2021.
Currently, over 6000 unique wallets own a BAYC original ape. So if the rumors are true, $APE will have a substantial community to back the token.
Lastly, the distribution of the tokens will certainly encourage previous holders of BAYC to re-engage with the project. All in all, they can choose to hold, sell, or even dump their $APE tokens to other collectors.
If the speculations come true, BAYC will add several new fans. Till then, stay tuned!
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This article is educational material.
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