CoinVoice has recently learned that Garga.eth, co-founder of Yuga Labs, announced on the X platform that the proposal to dissolve the ApeCoin DAO, AIP-596, has officially started voting. 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 consist of Cameron Kates, the current executive director of the Ape Foundation, along with other foundation members and members of the Banana Bill team.
Garga.eth reminds that this AIP requires a significant number of votes to pass, expecting 3.5% of all circulating tokens to participate in the vote, with 66% of an absolute majority needed in favor. According to the voting information, this vote will end on June 26, and the current approval rate is 99.19%. [Original link]
