PANews reported on June 14th that Yuga Labs co-founder Garga.eth announced on X platform that the proposal AIP-596 to dissolve ApeCoin DAO has officially started voting, aiming to further promote reforms of the ApeCoin ecosystem and orderly transfer assets and responsibilities to the new entity ApeCo established by Yuga Labs. It is understood that the new entity team will be composed of Cameron Kates, the current executive director of the Ape Foundation, other foundation members, and Banana Bill team members.
Garga.eth reminded that this AIP requires a large number of votes to pass, expected to require 3.5% participation of all circulating tokens and an absolute majority of 66% in favor. According to voting information, this vote will end on June 26th, and the current proportion of votes in favor is 99.19%.
