BasedVC and Bored Ape Yacht Club launch Apes Capital

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What is APES Capital?

APES Capital will serve is an investment portal for holders of Bored Apes and Mutant Apes NFTs, allowing them to use $APE coins to participate and invest in select projects. The portal will also include features such as announcements, feeds, links, chat, over-the-counter trading and ticketing systems.

As a recognized venture capital fund based in the British Virgin Islands, APES Capital is underwritten and supported by an experienced team with over 20 years of experience in fund management and investments.

Since its inception, APES Capital has deployed more than $40 million in more than 20 web3 projects, including Shrapnel, Heroes of Mavia and Supraoracles.

How do you join APES Capital?

To participate in APES Capital you must have a BAYC or MAYC NFT that is not listed on any market.

BAYC holders are required to stake 2,500 $APE tokens, with a maximum allocation of $5,000, while MAYC holders are required to stake 500 $APE tokens, with a maximum allocation of $1,000. These $APE tokens must be staked using ERC-20 $APE on the Ethereum chain via the APES Capital platform.

Once staked, the tokens are locked for 90 days, with a three-day unstake period at the end of this period, after which they are automatically redeployed for another 90 days.

To get started, visit the APES Capital website and click the “CONNECT” button to log in with your preferred method and wallet. Once logged in, users can access the dashboard where they can stake $APE and participate in investment opportunities available through the platform.

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