The ApeCoin DAO is considering whether to push back the launch | DEFI Journal

The ApeCoin DAO is considering whether to push back the launch of NFT and ApeCoin (APE) staking in order to allow for a bug bounty program.

The bounty program would allocate 1 million APE ($4.5 million) to potential bounties.

Holders of Bored Apes and Mutant Apes will be able to stake their NFTs and large amounts of ApeCoin in order to receive staking rewards.

Over the next three years, 175 million ApeCoin ($794.5 million) will be distributed to stakers.