APENFT Price

One of the most important factors to gauge the potential of a crypto project is to check its backers and partners. In this regard, the APENFT crypto could be considered a good investment as it has an illustrious lineup of partners from both mainstream and crypto sectors.

The APENFT price could head higher amid the rising adoption of its ecosystem by both NFT artists and traders. As more collections launch on the APENFT Marketplace, it could attract more users and support the NFT price.

The APENFT value and market capitalization could also surge amid consumers’ and brands’ rising interest in the overall NFT market. Forging new partnerships with artists, arthouses, and other prominent players in the art industry could further cement the potential of the APENFT project and support the APENFT price statistics.

Finally, the APENFT price could also increase as the market sentiment towards digital assets improves. Increased investor confidence in the crypto market could encourage more buyers to invest in cryptocurrencies across the board, making the NFT crypto a worthy investment to consider.

NFT is the native digital asset of the APENFT ecosystem and has several uses. Here are some of them:

Governance Token

NFT token holders enjoy voting rights on the APENFT Marketplace. In addition, they are eligible to receive a share of the profits earned by the platform and enjoy access to NFT airdrops.

Establish Ownership of NFTs

Every NFT sold on the APENFT Marketplace also uses the NFT tokens to establish proof of rights on the platform.

Incentive Token

Holders of BTC, ETH, TRX, and other tokens who participate in the APENFT ecosystem can receive governance rewards in the form of NFT tokens.

DeFi Airdrop and Mining

APENFT will use NFT crypto to expand the DeFi ecosystems on Ethereum and TRON networks. The APENFT Foundation will also partner with HECO and BSC to launch the DeFi airdrop and mining of NFT crypto.

Crypto Asset to Trade and HODL

The native token of APENFT is also an exciting crypto asset to invest in. You can buy or sell APENFT against other cryptocurrencies or hold it long-term if you believe in the project’s future potential. Check the live APENFT price, NFT market cap, current circulating supply, 24-hour trading volume, and the latest crypto news before you trade NFT.

Earn Passive Income

KuCoin lets you put your NFT holdings to work and earn passive income. Head to our Crypto Lending section to lend liquidity for NFT to the platform. You can earn exciting daily interest over seven days, 14 days, or 28 days for lending liquidity in the APENFT crypto to KuCoin.

Here’s how you can use the APENFT Marketplace:

1. Connect your TronLink Wallet to start using the platform. Create a new TronLink Wallet if you don’t already have one.

2. Add funds to your TronLink Wallet by buying Tron (TRX) on KuCoin or other supported platforms. You can then withdraw these tokens from your trading account into your wallet.

3. Click on the Explore section at the top of the APENFT Marketplace homepage.

4. Filter available NFTs based on Collection, Status, Price, and Category.

5. Select the NFT you are interested in. Click on Make Offer to place a bid on the non-fungible token.

6. Approve the transaction using your TronLink Wallet.

Although it is impossible to make an accurate APENFT price prediction over any duration, it could be pretty challenging for the APENFT price to touch $0.01. This is mainly because of the extremely high circulating supply of the token.

The NFT total supply is set at 999.99 trillion by APENFT, while its current circulating supply as of August 2022 is a little over 277 trillion. If the price of the crypto reaches $0.01, it could take the market cap to over $2 trillion, an extraordinarily high and unrealistic valuation for the APENFT project.

Theoretically, however, if the APENFT Foundation significantly increases the burn rate of the NFT token and brings down the NFT circulating supply to millions from trillions, we could see the NFT token price touch the key $0.01 mark in the future. However, the token burning mechanism must pick up a significant pace for this to happen.

In May 2021, APENFT Foundation announced an airdrop of APENFT (NFT) crypto to holders of TRC-20 BTC, TRC20-ETH, TRC20-TUSD, TRX, BTT, and JST holders on the TRON mainnet. The developers set aside 5% of the total supply of NFT tokens for its APENFT (NFT) Airdrop Program, allocating tokens in the following manner:

⧫ 1% of the total supply was airdropped in the first month, starting in June 2021.

⧫ The remaining 4% will be airdropped monthly for the next two years.

In October 2021, APENFT announced an update to its Airdrop Program, making holders of WIN tokens eligible to receive NFT airdrops. This plan replaced TRC20-BTC, TRC20-ETH, and TRC20-TUSD token holders from the airdrop eligibility.