The ApeCoin community is voting on three proposals regarding ApeCoin (APE) staking and governance reform. Let’s answer if APE price can repair a bullish signal…
ApeCoin community votes for staking
In the voting, APE staking offers AIP-21 and AIP-22 are 91.55% and 91% respectively, It received 17 votes in favour. AIP-7, on the other hand, received 99.5% passing votes for its reorganization. Staking in the APE and Bored Ape Yacht Club (BAYC) NFT ecosystem as well as changing its format can help increase the popularity of APE. Additionally, it paves the way for ApeCoin to establish itself as the preferred token in the Web3 and NFT space.
ApeCoin community approves staking and forum restructuring proposals
ApeCoin DAO announced on Thursday that the AIP-21/22 staking proposals and the AIP-7 forum reorganization proposal were accepted after a massive vote by the ApeCoin community. Three AIPs have received over 15 million ApeCoins (APEs).
- AIP-21 provides a staking procedure for the APE and BAYC NFT ecosystem. APE encourages current and potential users of BAYC, MAYC and BAKC NFTs to purchase APE in the first 12 months. Additionally, it ensures that shared NFTs remain marketable and that the expansion of the BAYC ecosystem does not suffer from asset lock-in.
- AIP-22 recommends a three-year staking period with total APE allocation for stake pools. It recommends staking 17.5% of the entire APE supply over three years.
- AIP-7 proposes a reform of the structure of the ApeCoin forum. The aim is to improve the bidding process, administration, training opportunities and community. Additionally, it offers discussions on AIP-related topics, workflows and community development focusing on DAO-related work.
APE price continues its uptrend
APE is back to $15 after rising 20% on May 4th. It is still below the ATH level, which is roughly $26. As I mentioned in the news of Kriptokoin.com, despite the price drop after the release of Otherside metaverse, APE continues to gain in value as its popularity increases among NFT and metaverse news. Since staking and the forum structure encourage all users, the APE price may be negatively affected, according to analysts.
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