Horizen Announces Final Date For ApeCoin Staking, APE Price Jumps

Zero-knowledge and blockchain infrastructure firm Horizen Labs on Friday announced that ApeCoin (APE) Staking will go live on Halloween day, October 31. While Horizen pushes to build the ApeCoin Staking platform, the blockchain firm also said the date could move by a week.

ApeCoin (APE) price continues to move higher amid the latest developments and unlocking of 25 million APE tokens.

ApeCoin Staking Coming on Halloween

Blockchain firm Horizen Labs in a tweet on September 23 announced that ApeCoin’s staking system Ape Staking is tentatively scheduled for October 31. Also, the date could move by a week in case of delays due to unforeseen circumstances.

“In lieu of today’s postponed spaces, we wanted to share the go-live date for Ape Staking, which is currently scheduled for October 31st. That date may move left or right by a week. We’ll keep you posted.”

ApeCoin community in May voted to select Horizen Labs to build a staking platform for ApeCoin that rewards users who stake APE, Bored Ape, Mutant Ape, and Bored Ape Kennel Club NFTs in their respective pools.

Earlier this month, Horizen Labs shared the staking platform’s user interface consisting of a dashboard, four staking pools, and market tools.

Furthermore, the ApeCoin community has also approved Snag Solutions’ “AIP-98: A Community-First ApeCoin DAO Marketplace Proposal – Brand Decision” proposal for a separate NFT marketplace for Apes powered by ApeCoin (APE). The community has turned down the other two proposals due to more costs. Thus, it allows Snag Solutions to build an NFT marketplace to slash transaction fees, increase user experience, and increase APE utility.

APE Price Jumps on Staking and NFT Marketplace Developments

The ApeCoin (APE) price continues to rise amid recent developments including ApeCoin (APE) Staking and the NFT marketplace. The total number of unique wallet addresses holding ApeCoin (APE) has increased by 0.033% in the last 24 hours, as per data by Etherscan.

At the time of writing, the APE price is trading at $5.88, soaring 5% in the last 24 hours and over 20% in a week.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

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