Apes Go Bananas (AGB) is a community-driven and 100% decentralized meme coin initiated by members from the BAYC and HAPE communities. The community believes that meme coins, beyond their unique viral nature, should also incorporate meaningful financial practices. As such, AGB has introduced the concept of an NFT prize pool in its token design. Each period, AGB purchases the lowest-priced "BAYC" and "HAPE" NFTs from Opensea.
Users participate in the lottery by consuming AGB tokens. The lottery results are determined by the last 6 digits of the transaction hash. At the end of each lottery period, the users with the largest last 6 digits will receive NFTs from the prize pool. The progress of the lottery is determined by the amount of AGB tokens consumed by users. The lottery of the period concludes when the consumed AGB tokens are sufficient to purchase the lowest-priced "BAYC" or "HAPE" NFT on Opensea.
TOKENOMICS
Apes Go Bananas (AGB) is a community-driven and 100% decentralized meme coin initiated by members from the BAYC and HAPE communities. The community believes that meme coins, beyond their unique viral nature, should also incorporate meaningful financial practices. As such, AGB has introduced the concept of an NFT prize pool in its token design. Each period, AGB purchases the lowest-priced "BAYC" and "HAPE" NFTs from Opensea.
Users participate in the lottery by consuming AGB tokens. The lottery results are determined by the last 6 digits of the transaction hash. At the end of each lottery period, the users with the largest last 6 digits will receive NFTs from the prize pool. The progress of the lottery is determined by the amount of AGB tokens consumed by users. The lottery of the period concludes when the consumed AGB tokens are sufficient to purchase the lowest-priced "BAYC" or "HAPE" NFT on Opensea.