ApeCoin Staking Platform Updates Include GeoBlocker on United States, Canada

ApeCoin Staking Platform Updates Include GeoBlocker on United States, Canada

Blockchain infrastructure company Horizen Labs, which is in charge of creating the ApeCoin staking system, provided several announcements on Wednesday — including a geoblocker restricting U.S. and Canadian users from accessing the site directly due to regulatory issues. 

The countries restricted from using the site directly include the United States, Canada, North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk. Horizen Labs acknowledged the inconvenience of the announcement, citing 'no good alternative' due to the current regulatory environment.

The staking site, Apestake.io, will go live on Dec. 5, with rewards accrual beginning a week later on Dec. 12.

While users in the listed countries will not be able to access the site directly, there is speculation that staking will still be available via other front-end sites, VPNs or the contract — though it is still unclear at this time what those methods will look like. 

ApeCoin dropped to $3.25 on the announcement, down from $3.46 earlier in the day.


More about Bored Ape Yacht Club

Arguably the most successful NFT project, the Bored Ape Yacht Club (BAYC), is a collection of 10,000 uniquely generated bored apes that are stored on the Ethereum blockchain. Launched on April 23, Bored Ape Yacht Club had a mint price of 0.08 ETH and the collection sold out on April 30, 2021. Since its launch, the project has dropped multiple companion collections including Bored Ape Kennel Club, Mutant Ape Yacht Club, and Otherdeed for Otherside, and has helped onboard a number of high profile and celebrity collectors to the NFT ecosystem.

At the time of publish, the Bored Ape Yacht Club floor price sits at 65.99 ETH, and has stayed relatively flat over the past 24 hours on 2055 ETH volume of transactions. Over that same timeframe, 2 sharp wallets have sold 2 NFTs and 1 sharp wallets have bought 1 NFTs in the Bored Ape Yacht Club collection. Catch up on other recent Bored Ape Yacht Club news here.

Recent Bored Ape Yacht Club Sales

#527sold at 11/28 8:11pm for
#4221sold at 11/28 8:11pm for
#4570sold at 11/28 7:11pm for
#2163sold at 11/28 7:11pm for
#8315sold at 11/28 5:11pm for

Recent Bored Ape Yacht Club Listings

#8477listed at 11/28 10:11pm for
#8879listed at 11/28 10:11pm for
#2152listed at 11/28 10:11pm for
#8477listed at 11/28 10:11pm for
#8477listed at 11/28 10:11pm for
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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