$102,716.00
3.15%$2,332.55
20.80%$2.35
6.67%$630.83
2.40%$165.45
8.21%$0.999995
0.00%$0.204032
11.53%$0.782121
9.39%$0.258846
3.31%$2,327.66
20.32%$102,907.00
3.60%$3.93
6.03%$16.03
8.55%$2,822.94
21.42%$23.10
9.89%$0.299218
9.89%$0.00001495
11.15%$0.199808
7.47%$420.81
1.70%$24.44
12.64%$3.25
4.15%$8.76
-0.49%$0.999906
-0.01%$98.15
6.74%$4.59
8.35%$2,327.81
20.39%$301.89
3.50%$2,482.11
20.17%$0.00001323
43.68%$4.52
4.80%$0.999437
-0.05%$0.735451
18.10%$102,541.00
2.98%$0.999997
-0.10%$30.24
4.56%$6.36
22.58%$431.35
6.72%$5.66
11.43%$2.87
17.42%$53.61
3.29%$1.009
9.16%$1.051
0.01%$208.76
10.97%$19.05
10.41%$1.00
0.00%$0.10013
5.04%$5.29
9.76%$13.80
12.42%$0.103349
7.89%$21.77
1.19%$32.78
9.94%$0.765458
4.41%$4.88
7.52%$0.02927288
10.61%$0.85534
17.78%$0.253311
10.29%$4.80
10.44%$0.369251
22.20%$0.999616
-0.02%$102,582.00
3.21%$1.17
0.17%$0.232497
10.06%$2.98
8.65%$4.35
0.16%$0.587605
8.33%$0.372808
12.88%$2.83
3.89%$4.44
5.42%$0.00002067
10.65%$1.12
11.84%$0.997396
0.02%$0.964632
4.40%$0.503516
12.08%$1,742.22
8.44%$2,333.85
20.70%$11.07
2.15%$94.82
2.35%$173.43
8.07%$2,432.28
20.78%$2.01
23.33%$0.01998484
2.76%$0.852037
1.09%$1.29
16.50%$1.25
-1.19%$4.62
14.78%$0.726899
16.21%$0.075898
1.73%$0.233501
11.50%$0.646199
9.42%$102,565.00
3.32%$11.70
13.45%$2,654.98
20.93%$0.99731
-0.21%$0.774506
6.06%$0.105488
8.42%$0.0000987
17.87%$0.01513763
7.25%$1.019
19.02%$629.72
2.24%$0.998847
-0.12%$0.0183764
10.33%$2,480.75
20.26%$213.61
8.20%$0.999775
0.00%$0.864889
10.61%$182.88
7.99%$14.73
0.25%$0.01884836
15.68%$102,435.00
2.91%$3,328.11
-0.30%$0.81044
11.92%$2.79
5.19%$40.46
4.56%$0.080042
29.13%$0.323949
11.57%$3,330.28
-0.39%$101,724.00
3.58%$0.999982
-0.02%$101,787.00
2.10%$0.236148
8.62%$0.614584
1.64%$0.00000077
7.69%$22.87
17.31%$2,439.15
20.51%$2.28
6.49%$3.96
3.25%$0.715822
12.34%$0.119112
4.13%$0.426577
9.83%$41.39
4.12%$0.997841
0.03%$2,433.92
20.33%$0.608987
7.18%$0.339442
8.92%$0.684799
16.77%$3.90
12.02%$1.94
12.33%$0.999897
0.16%$0.01856348
5.27%$0.757348
10.47%$1.099
-0.43%$0.162024
12.96%$0.01026638
15.32%$0.00598214
2.74%$0.469526
12.19%$18.86
16.54%$8.14
10.99%$110.98
0.01%$0.481158
6.49%$0.203831
11.43%$0.167406
21.76%$0.671334
13.11%$102,477.00
3.17%$1.45
10.85%$2,487.87
20.79%$2,329.61
20.44%$0.997832
0.02%$2,326.84
20.30%$0.504056
5.24%$0.612114
16.45%$0.195494
4.59%$102,337.00
2.97%$2,338.30
20.84%$0.067365
2.24%$0.995198
-0.47%$2,399.53
21.37%$0.00002362
6.07%$3.90
17.99%$99,909.00
2.63%$0.999997
-0.00%$2.80
12.01%$6.37
8.05%$0.00859562
8.41%$1.78
10.18%$1.60
1.82%$0.176304
9.14%$0.095831
13.30%$0.086474
13.57%$0.04544647
9.33%$0.00000043
2.70%$2,327.77
20.34%$0.00609535
6.24%$0.637456
21.95%$0.2536
10.39%$1.086
0.03%$0.155259
-0.52%$1.54
9.45%$44.72
8.98%$0.994055
-0.80%$0.353257
20.10%$0.000001
10.76%$2,311.79
20.11%$0.395935
3.26%$0.00437733
6.07%$0.815116
16.07%$1.51
8.76%$0.376569
3.59%$0.03676025
4.20%$33.05
-0.76%$0.01883887
3.97%$0.00006598
7.96%$21.64
1.33%$0.999069
-0.25%$0.352896
14.55%$0.176305
-0.36%$0.83806
6.22%$0.999843
-0.07%$129.89
12.69%$2,472.53
20.60%$0.00333995
13.45%$0.00000162
5.86%$1.20
35.59%$0.729964
5.04%$23.11
10.12%$102,753.00
3.28%$0.998099
-0.27%$2.88
11.26%$0.99994
0.02%$2,561.34
20.68%$0.228332
13.83%$0.999975
-0.05%$0.25399
10.39%$24.43
12.60%$2,537.17
20.49%$102,240.00
3.58%$3.77
12.83%$0.523436
-4.92%$0.00340431
14.85%$1.098
-0.11%$0.03498675
7.07%$3.58
6.51%$2,335.71
20.82%$23.75
7.08%$2,506.18
20.30%$24.43
12.66%$1.00
0.03%$17.37
11.45%$0.571439
6.77%$0.282605
7.37%$0.00374709
10.73%$3,326.32
-0.95%$2,337.65
20.72%$0.267288
56.93%$0.01378836
9.37%$0.03868554
5.26%$0.785974
16.11%$2,066.06
3.34%$2.80
3.20%Reading
Following a week-long voting period, ApeCoin DAO’s proposal to stay within the Ethereum ecosystem dubbed AIP-41 has been approved by a fine margin.
Just over half of all voters supported the proposal, while 46.38% voted against the proposal. A total of 7.1 million ApeCoin (APE) were used in the voting process.
A day after the proposal was launched, only 9% of the votes were against it.
One member, Machi Big Brother (machibigbrother.eth), voted against the proposal using 1.2 million ApeCoin, representing ~30% of the total votes against the proposal.
Following the approval of AIP-41, no ApeCoin Improvement Proposal (AIP) on the migration of ApeCoin from Ethereum can be proposed for three months.
“Now it’s time for the DAO to get to work on an amendment to the proposal process that is better suited to the complexity of moving ApeCoin to another chain,” Matt Galligan, who co-authored the AIP, told Decrypt.
Given the hotly-contested decision, not everyone in the ApeCoin community is content with the outcome.
Many are worried about the three-month gap until the next proposal, as it may dampen the demand and curiosity surrounding the ecosystem.
“This is a cryptocurrency, and pausing any decisions for 3 full months, PLUS the time to vote and actually take action, is anything but simple.” tweeted a community member. “This has the ability to completely destroy the value of APE.”
“This AIP doesn’t make sense. We should spend time on growth/adoption” tweeted Bradly Zastrow, a community member. “Not passing proposals where we agree to do nothing.”
“I have to admit I’m rather concerned that we, The ApeCoin DAO, collectively voted to preemptively disregard ideas that have not yet been presented” tweeted another community member.
The DAO is poorly managed at this point. The team at the helm is clueless.
— 0xStarmowa (@0xStarmowa) June 8, 2022
But other users supported the move to stay within Ethereum, including any layer-2 scaling solution associated with the number two crypto network.
“As you said ser! Voted to stay on Eth” tweeted a user who supported the proposal. “Why moving away from liquidity and possibly security?” tweeted another community member.
APE, the governance token underpinning the ApeCoin ecosystem, currently trades at $5.90, down 1.2% over the past 24 hours, according to CoinMarketCap.
The 36th-largest cryptocurrency with a market capitalization of $1.7 billion has shed over 85.21% from its all-time high of $39.40 recorded in March 2022.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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