near has an unlock coming. remember everyone who shilled it this past week, because there are other coins with the exact same TA + better r/r but no mention of them.
u put in eth into it and when reserve is met, floor ape gets bought. more people put more eth, more apes get bought. your eth then gives you apestr coin in return at what ever the going price is. apestr coin go up if ape floor go up as technically reserves of ape is the value of apestr coin.
tldr: leveraged bayc buying with ponzi mechanic and somewhat fractalization