www.banklesstimes.com
HomeNewsvEmpire launches APE staking pool
vEmpire launches APE staking pool

vEmpire launches APE staking pool

Last updated 29th Jun 2022
Disclosure
  • The staking pool for the ApeCoin token starts with a triple-digit yield
  • Investors can earn interest on their holdings while receiving access to the token launch in 2022.

vEmpire DDAO, a GameFi, metaverse, and NFT investment organization, has launched a staking pool for the ApeCoin token. It starts with a triple-digit yield, Bankless Times learned from a press release.

ApeCoin is a recently launched ERC-20 utility and governance token used within the broader Ape ecosystem, which has undergone massive growth.

Expanding use cases

At present, ApeCoin’s sole use case is for governance, allowing token holders to vote on distribution of the ApeCoin DAO Ecosystem Fund and giving them a say in ApeCoin DAO. With the introduction of APE staking, investors can earn interest on their holdings while receiving access to the token launch in 2022.

When APE is staked, vEmpire will use the investor's stake by playing Ape ecosystem games and buying other Ape-based assets. This way, the organization can render investors’ holdings in the new coin productive, making it possible for them to earn passive income.

Dominic Ryder, founder and CEO of vEmpire, commented:

Enabling our community to stake $APE is something that we believe will be groundbreaking. It enables investors to earn financial rewards on their $APE holdings in ways that even ApeCoin doesn’t have native functionality for. This will help contribute to making the investment in Metaverse assets more accessible, rewarding, and productive. The launch of the ApeCoin itself is revolutionary. However, being able to earn passive income on the ApeCoin before most others in the industry is what we believe will attract investors the most. vEmpire is committed to offering the best investment opportunities to not only our community but the wider Metaverse & NFT communities too. This is just one of many more exciting staking pools coming this year.

Daniela Kirova

Daniela Kirova

Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.