ApeCoin DAO Initiates Proposal to Close Unnecessary Working Groups

Overview of Proposal AIP-466

ApeCoin DAO’s Proposal to Streamline Operations

Recent information from the Snapshot governance page reveals that the ApeCoin DAO has introduced proposal AIP-466, aimed at shutting down redundant working groups. The proposal targets the closure of four working groups with significant annual expenses, totaling nearly $3 million.

Working Groups Slated for Dissolution

The proposed closure includes the Governance Working Group, responsible for crafting guidelines and charters. Additionally, the Marketing and Communication Working Group, Metaverse Working Group, and Web3 Development Working Group are also on the chopping block.

Current Status and Approval Rate

Vote Deadline and Approval Percentage

The voting period for proposal AIP-466 is set to end on October 17th, with an approval rate currently standing at an impressive 98.19%.

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