Do I lose my apecoin if I sell my ape?

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Hello there! You can own ApeCoin without owning a BAYC/MAYC.
ApeCoin in your wallet will not be removed if you sell an BAYC/MAYC NFT.

There are benefits to keeping your Bored or Mutant Ape. Recently we’ve had 2 staking proposals pass that will allow your Ape NFT to act as a key to ApeCoin staking pools. Holding these NFT has advantages!

Here’s more information about the approved staking proposal:

AIP-22: Staking Pool Allocation Reloaded - Ecosystem Fund Allocation

Category: Ecosystem Fund Allocation Submitted by: giacolmo.eth ABSTRACT Coherently with AIP-21 Staking Process with Caps (1x drop), this AIP wishes to simplify and move forward, effectively proposing again the previous AIP-5, which was voted against uniquely for the absence of caps in the Staking Process. This proposal presents the total ApeCoin allocation for the staking pools and the three-year duration of this staking period. MOTIVATION The creation of a staking process for ApeCoin as o…

I hope this answers your question. You can keep your ApeCoin and sell your BAYC/MAYC NFTs but there are opportunities through staking that require owning the NFTs. Its worth taking into consideration.