This new initiative, which was submitted and approved via ApeCoin DAO’s Idea Proposal system (see AIP-209), will incubate and launch projects that strengthen the BAYC community and ApeCoin ecosystem, and will be powered by ApeCoin tokens ($APE). A grant of $APE tokens was approved by the ApeCoin DAO community for the purpose of building and launching Ape Accelerator.

Ape Accelerator aims to engage the ApeCoin community as Initiators, Voters, and Participants. Initiators can submit proposals for projects to be incubated, while Voters can use their APE tokens to vote on whether the proposed projects should be launched. Participants will be able to support approved projects by purchasing NFTs and other tokens.