- Dean Steinbeck of Horizen Labs confirmed the timely development of ApeCoin’s staking.
- 170 million ApeCoin will be distributed through the staking platform developed by the tech firm that powered APE.
- APE price is eyeing the $7.28 target according to analysts bullish on the NFT token.
The ApeCoin Foundation has given users an update on the DAO’s staking system, selecting Horizon Labs for the development of the staking platform, which will enable users to earn interest from their crypto. Nearly two months after the ApeCoin community voted on a proposal for staking, the platform’s development is gaining traction.
Also read: ApeCoin price plots silent comeback with staking update
Update on ApeCoin staking program
The Ape Foundation gave an update on the DAO’s staking system and it left the community awaiting more information. Nearly two months after the initial announcement when a pair of staking proposals were passed, Horizon Labs has been chosen as the developer for the staking platform.
STAKING UPDATE » After The @apecoin Foundation Announced That @HorizenLabs Would Be Building The Staking System, The Gazette Interviewed Horizen Labs Co-Founder @Crypto_Counsel To Find Out More
The full story here: https://t.co/jEQpaNFbmy
— The Bored Ape Gazette (@BoredApeGazette) July 29, 2022
