The ApeCoin Community has voted against the proposal to introduce two new NFT collections, namely Ape Coin Armory Club and Ape Coin Pet Club. The vote was conducted by the ApeCoin DAO, where the members of the community voted to either accept or reject the proposal.

The proposal suggested the creation of 20,000 NFTs for each of the collections, which were planned to be distributed for free among the crypto community. The estimated cost of the NFTs was calculated to be $168,000.

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The ApeCoin Armory Club and Ape Coin Pet Club NFT collections were designed to be multi-link, allowing them to be connected to other NFT and metaverse projects such as Otherside, Decentraland, and The Sandbox. The proposal hinted at the possibility of seeing these NFTs in 3D worlds of other metaverse projects.

However, the proposal failed to garner enough support from the community. Out of the total votes cast, 83.99% of the voters rejected the proposal, while only 9.99% were in favor of it. This outcome reflects the diverse opinions within the ApeCoin community on the introduction of new NFT collections.

The images shared in the proposal showcased the NFTs featuring the ape logo on a shield and the pets that would have formed the Ape Coin Pet Club. The proposal also claimed that all of the NFTs from both collections were unique, with some having more rare features than others.

The ApeCoin DAO, the decentralized autonomous organization responsible for managing ApeCoin, is composed of the ApeCoin community members. The DAO is designed to ensure that the community has a say in the decision-making process related to the project’s development and growth.

In conclusion, while the proposal to introduce two new NFT collections has been rejected by the ApeCoin community, the vote demonstrates the importance of community engagement in the decision-making process. It also shows that the ApeCoin DAO is committed to ensuring that the community’s voice is heard and that all decisions are made with their best interests in mind.

#Apecoin #APE #nftcommunity #NFT #azcoinnews

This article was republished from azcoinnews.com

The well-known crypto whale tracking platform, WhaleStats, took to Twitter this morning to share some new data about the trading habits of some of the largest Ethereum (ETH) whales. According to the post, Apecoin (APE) has flipped WETH as the most traded token among the top 500 ETH whales.

CoinMarketCap indicates that APE is one of the many cryptocurrencies trading in the red after a very bearish past week. APE is currently trading hands at $4.26 after a 0.47% price decrease over the last day. APE was also able to reach a high of $4.24 and a low of $3.94 over the same time period.

Despite the drop in price, APE was still able to strengthen against Bitcoin (BTC) and Ethereum (ETH) by about 2.35% and 3.13% respectively. APE’s weekly performance has some worth to do in order to recover as the altcoin is in the red by more than 8% over the last week.

APE’s 24-hour trading volume is currently in the green zone and stands at $123,199,011 after a more than 21% increase since yesterday. In terms of market cap, APE stands at $1,533,184,687, which makes it the 38th biggest crypto in terms of market capitalization.

WETH also fell prey to the bearish week as the crypto is now worth about $1,752.46 after a 3.45% price decrease over the last 24 hours. The crypto did, however, reach a high of $1,818.34 over the same time period.

#APE #Apecoin #crypto2023

The ApeCoin community has given the green light to a proposal for establishing an ape-themed hotel in downtown Bangkok, Thailand. According to the approved plan, 50% of the revenue generated during the first year will be allocated to the ApeCoin treasury to support ongoing project development.
This decision follows a community vote on a proposal requesting 410,100 Ape tokens, equivalent to $3.6 million. The initiative aims to increase the exposure of the Bored Ape Yacht Club (BAYC) intellectual property (IP) and enhance the visibility and utility of ApeCoin.
A Fusion of Art, Hospitality, and Crypto
Known as AIP-444, the proposal received a 78.3% approval vote from the community. The hotel will feature ape-themed rooms named APE, Bored Ape Yacht Club (BAYC), Apechain, Otherwise, and Mocaverse. Upon completion, ApeCoin DAO will receive 50% of the room revenue.
“Our goal is to enhance the BAYC IP exposure, visibility, and utility of ApeCoin and generate actual revenue for ApeCoin DAO,” stated ApeCoin.
The proposed hotel will handle local compliance for the settlement of funds. In addition to the themed rooms, the hotel will offer a variety of activities, including ApeCoin-themed exhibitions, an Ape bar, an Ape swimming pool, and an MBA-themed exhibition area.
“This proposal combines IP application, the hotel industry, the arts, and the cryptocurrency field,” added ApeCoin. These elements are expected to promote ApeCoin, ApeChain, and the various Ape communities.
Exclusive Benefits for ApeCoin Holders
In addition to revenue, ApeCoin holders will enjoy exclusive benefits when using the hotel’s services, which is anticipated to strengthen the ApeCoin ecosystem and provide unique advantages to its community. The hotel will accept ApeCoin as payment for rooms and bar services. Benefits for ApeCoin holders include free access to the MBA exhibition area and complimentary use of the rooftop bar for events.
The hotel will also offer 50 free room nights to Ape holders. The establishment aims to foster community engagement by allowing ApeCoin members to host events every two months, enhancing connections within the community.
According to the proposal, the AIP team will manage event organization and venue setup at no extra cost. This development follows the July 16 launch of the ApeChain testnet by ApeCoin DAO. Earlier this year, the Ape community agreed to launch a layer-2 network on the Arbitrum network.
By integrating art, hospitality, and cryptocurrency, this innovative project aims to increase the prominence and utility of ApeCoin while offering tangible benefits to its holders.
$APE #Apecoin #crypto #cryptohotel

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The group managing ApeCoin, a decentralized autonomous organization (DAO), has decided to create ApeChain, a gaming-focused platform, on Arbitrum. Arbitrum is a popular Ethereum scaling solution.
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ApeChain will operate as a Layer 3 network and will be controlled by Ape holders. Additionally, the Ape token will serve as a means to pay for transaction fees on the platform.

ApeCoin DAO Chooses Arbitrum for ApeChain Infrastructure
Steven Goldfeder, co-founder of Offchain Labs, expressed their commitment to supporting the ApeCoin DAO in realizing its vision for ApeChain by providing the necessary infrastructure.
The announcement led to a 5% surge in APE token value, offering a welcomed break for a token that had been experiencing a consistent downtrend since its launch almost two years ago. Over the past week, APE has seen a 16% increase in value.
Last month, the ApeCoin DAO embarked on a mission to develop its dedicated blockchain, aiming to boost efficiency and lower transaction costs within the APE ecosystem. Gas fees on the Ethereum mainnet had posed adoption challenges for ApeCoin, which operates as an ERC-20 token.
After considering proposals to build ApeChain on various platforms, including Arbitrum, Optimism, and skSync, the DAO settled on AIP-378, a collaborative proposal by Horizen Labs and Offchain Labs.
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ApeChain will be developed on Arbitrum Orbit, a platform allowing the creation of customized Layer 3 appchains atop Arbitrum’s One and Nova Layer 2 network. The high throughput capabilities of Orbit chains align with the DAO’s vision of establishing a Web3 gaming platform.
Furthermore, the ApeChain roadmap includes plans to implement APE as an omnichain fungible token (OFT) powered by LayerZero, providing the token with cross-chain functionality.
Controversy Surrounds ApeChain Proposal Outcome
Despite the passing of AIP-379 with slightly over half the votes in favor, many community members expressed dissatisfaction with the result, particularly due to the significant influence of Horizen Labs, the primary author of the winning proposal.
Some community members, like Bunny, sarcastically congratulated Horizen Labs for essentially voting for themselves and securing victory in the Ape Chain proposal.
Others went further, accusing the upper ranks of the DAO of engaging in self-serving actions, raising concerns about potential conflicts of interest.
Horizen Labs’ involvement in developing APE staking had previously drawn criticism for its execution, adding to the discontent surrounding its significant influence in the ApeChain proposal.
Despite the outcome, supporters of the competing A-Team, which received 11% of the votes, remain committed to their plan to develop an Optimism-based solution, potentially leading to the existence of two competing ApeChains in the future.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Apecoin #apechain #Arbitrum #Bitcoin #Altcoin

I came across #Apecoin while searching for a few remaining projects in recent times when many cryptocurrency projects have achieved significant rises. Although #APE is on the rise, it seems to be lagging behind compared to others. For this reason, it may be among the projects when the money flow can occur. The first target is seen as 1.78 levels. In case of withdrawals, 1.30 levels can be evaluated for buying.

What is Apecoin (APE)? What are its features?
ApeCoin (APE) is a utility token belonging to the ApeCoin community, which owns the #BoredApeYachtClub ( #BAYC ) and Mutant Ape Yacht Club NFT collections. It is based on ERC-20. ApeCoin was launched by Yuga Labs on March 17, 2022. Managed by DAO, ApeCoin is decentralized and backed by the APE Foundation. The APE ecosystem includes the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) community, two of the most popular NFT collections on the #Ethereum blockchain.