After a week-long voting period, Apcoin DAO’s proposal to stay within reach Ethereum dubbed the ecosystem AIP-41 Approved with a slight margin.
More than half of the voters supported the proposal, while 46.38% voted against the proposal. A total of 7.1 million ApCoins (APEs) were used in the voting process.
one day after offer startsOnly 9% of the votes were against it.
a member, machi big brother (machibigbrother.eth) voted against the proposal using 1.2 million ApeCoin representing ~30% of the total votes against the proposal.
After the approval of AIP-41, no ApeCoin Improvement Proposal (AIP) on the migration from Ethereum to ApeCoin can be proposed for three months.
“It is now time for The DAO to work on a modification of the proposal process that is better suited to the complexity of moving Apcoin to another chain,” said Matt Galligan, co-author of AIP. decrypt,
Divided Apcoin Community
Given the hotly contested decision, not everyone in the Apcoin community is satisfied with the outcome.
Many are concerned about a three-month hiatus until the next offer, as it could reduce demand and curiosity around the ecosystem.
,It’s a cryptocurrency, and withholding any decision for a full 3 months, plus the time to vote and actually take action, is anything but simple., tweeted a member of a community. ,It has the potential to completely destroy the value of APE.”
,This AIP has no meaning. We should spend time on development/adoption” tweeted Bradley Zastro, member of a community. “Not passing resolutions where we agree to do nothing.”
“I must admit that I am concerned that we, the AppCoin DAO, collectively voted to disregard ideas that have not yet been submitted” tweeted a member of another community.
The management of the DAO is poor at this point. The team at the top is unknown.
But other users supported the move to stay within Ethereum, including any layer-2 scaling solution involving the number two crypto network.
“Like you said sir! Voted to stay on eth” tweeted A user who supported the proposal. “Why moving away from liquidity and possibly security?” tweeted a member of another community.
apcoin price action
APE, the governance token that underpins the ApeCoin ecosystem, is currently trading at $5.90, down 1.2% over the past 24 hours.CoinMarketCap,
The 36th largest cryptocurrency with a market cap of $1.7 billion has risen more than 85.21% from its all-time high of $39.40 recorded in March 2022.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
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