PANews reported on June 14 that Garga.eth, co-founder of Yuga Labs, announced on the X platform that the voting for the proposal AIP-596 to dissolve the ApeCoin DAO has officially begun. The aim is to further promote reforms in the ApeCoin ecosystem and to orderly transfer assets and responsibilities to the new entity ApeCo established by Yuga Labs. It is reported that the new entity team will be composed of the current executive director of the Ape Foundation, Cameron Kates, along with other foundation members and members of the Banana Bill team.
Garga.eth reminds that this AIP requires a large number of votes to pass, expecting that 3.5% of all circulating tokens need to participate in the voting and 66% majority approval is required. According to the voting information, this vote will end on June 26, and the current approval rate is 99.19%.
