Reddit co-founder Alexis Ohanian and FTX’s Amy Wu are on the board of the new BAYC-inspired ApeCoin DAO.
Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3. 🧵
— ApeCoin (@apecoin) March 16, 2022
1/ @animocabrands has proposed AIPs 4 & 5, these are live on Discourse for viewing. AIP 4 covers a novel staking mechanism to reward @apecoin and BAYC ecosystem NFT holders. AIP 5 proposes the size of the staking liquidity pools – 17.5% of the total token allocation over 3 years
— Yat Siu (@ysiu) March 16, 2022