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Yuga Labs proposes to dissolve the ApeCoin DAO: the new entity ApeCo is about to take over the ecological assets.
[Chain News] On June 14, Garga.eth, co-founder of Yuga Labs, announced on social media 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 be composed of the current executive director of the Ape Foundation, Cameron Kates, as well as other foundation members and Banana Bill team members.
Garga.eth reminds that this AIP requires a large number of votes to pass, expecting participation of 3.5% of all circulating tokens and a 66% absolute majority in favor. According to the voting information, this vote will end on June 26, and the current approval rate is 99.19%.