ApeCoin DAO has approved a proposal leading to the dissolution of the current structure and the creation of a new entity called ApeCo.
Community Vote: Understanding AIP-596
Proposal AIP-596, supported by 99.66% of votes, calls for a radical reorganization of ApeCoin governance by dissolving the existing DAO and establishing ApeCo.
Why the Change? Exploring DAO Dissolution
Existing DAOs face challenges such as sluggish decision-making and lack of accountability. The shift to ApeCo may help address these deficiencies by providing more effective leadership.
Introducing ApeCo: A New Phase for ApeCoin
ApeCo will be led by Cameron Kates and other key members, outlining a more structured approach. ApeCo is expected to facilitate faster decision-making and better operational efficiency for ApeCoin.
The decision to create ApeCo represents a significant step in the evolution of Web3 governance, combining structural simplicity with community involvement.