What is $APPLE?

$APPLE is an ERC20 token used for mostly everything in the Neo New York ecosystem. Its primarily utility will be leveraging the use of subsequent smart contracts, created by NNY users, for example, in order to sell or lease subservient spots on your land, whether it be building spots, such as office spaces and apartments, or actual land, etc., or buying real life merchandise from brands that join the collaboration. Users will generally earn points to spend in the NNY metaverse & some similar platforms in the future, and not receiving the actual token in the blockchain currency space (for now, at the very least).

What even are ERC20 tokens?

• An ERC20 token is a standard used for creating and issuing smart contracts on the Ethereum blockchain.

• Smart contracts can then be used to create smart property or tokenized assets that people can invest in.

• ERC stands for "Ethereum request for comment," with the ERC20 standard being implemented in 2015.