ApeCoin serves as an ERC-20 token with governance and utility functions, integral to the APE Ecosystem's mission of fostering and rewarding decentralized community initiatives at the forefront of web3. Through decentralized governance mechanisms, ApeCoin holders actively participate in shaping the direction of the ecosystem by voting on proposals and initiatives via the ApeCoin DAO. The APE Foundation oversees the implementation of proposals ratified by ApeCoin holders.