The technical roadmap outlines the role of APE tokens as both the gas and governance token for the new network. The ApeCoin DAO community will have the authority to introduce additional features utilizing Arbitrum’s on-chain governance approach. Horizen Labs has expressed its commitment to being a long-term supporter and holder of ApeCoin. The vision for ApeChain includes enhancing the utility of the APE token and creating new monetization channels.
Horizen Labs anticipates the ApeCoin DAO could potentially generate $7 million in annual revenue if the network processes 1 million transactions per day with a transaction fee margin of $0.02. As part of the agreement, the Arbitrum Foundation has committed to providing grant funding to cover ApeChain Security Council and Block Explorer expenses for a duration of three years. This initiative aims to strengthen the ApeChain ecosystem and infrastructure.