The voting for the proposal AIP-596 to dissolve ApeCoin DAO has officially started and will end on June 26

ChainCatcher news, Yuga Labs co-founder Garga.eth announced on the X platform that the vote for the proposal AIP -596 to dissolve the ApeCoin DAO has officially started, aiming to further advance reforms to the ApeCoin ecosystem and 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 the current Executive Director of the Ape Foundation, Cameron Kates, as well as other foundation members and members of the Banana Bill team.

Garga.eth reminded that this AIP requires a large number of votes to pass, expecting that 3.5% of all circulating tokens need to participate in the vote and a 66% absolute majority in favor is required. According to the voting information, this vote will end on June 26, and the current approval rate is 99.19%.