ApeCoin DAO-N Low #37
To the Bored,
Good evening and thank you for reading the 37th edition of the Bored Ape Gazetteās ApeCoin DAO-n Low newsletter!
Iād like to start this weekās post by wishing you all a belated Merry Christmas and a Happy Holidays! I hope that you all had the chance to touch some Christmas trees, enjoy time with your families or IRL friends, and unwind a bit from the wild world of Web3!
A quick Christmas break is the perfect time to take a deep breath, reflect on the year, and get ready for whatās to come.
It's safe to say that things are looking Ape-ish for the ApeCoin DAO as the community prepares to welcome three recently elected Special Council members, a new Governance Working Group Steward, and the DAOās first-ever Marketing and Communications and Metaverse Working Group Stewards on January 1st, 2024!
Additionally, the ApeCoin DAO recently voted against the first of several proposed ApeChain Ape Improvement Proposals that the community will be voting on over the next few months to determine which Crypto titan ApeCoin should collaborate with to build ApeChain: Polygon, Optimism, Arbitrum, or ZkSync.
With new $Apes taking $Ape office and ApeChain battles on the horizon, letās grab a couple of Christmas cookies and one last glass of eggnog and get the lowdown on the ApeCoin DAO!
To begin, after nearly two months of politicking, two rounds of voting, and eight positions up for grabs, the ApeCoin DAOās 2023 winter election season is finally over. The DAOās incoming Special Council and Stewards will be starting their new terms next week on January 1st, 2024!
With 42,679,620.5 $Ape cast this election season, which was nearly double the amount that was cast during the June 2023 election, the ApeCoin DAO reelected BoredApeG to the Special Council along with Hazel and Airvey!
āTo be the first to be re-elected, definitely feels great but to be honest,ā BoredApeG told the Gazette after his victory earlier this month. āI have put off any reflecting of the amazing experience it has been to be a representative of this amazing community; there will be a time for that 12 months-ish from now! In the meantime, I am solely focused on getting ahead of our big year. I am currently working on on-boarding for our new SC and working group stewards so that I can contribute to our joint efforts in ensuring our organization is ready to rock heading into the new year.ā
As BoredApeG prepares to help onboard Airvey and Hazel to the Special Council, these two recently elected $Apes have their own goals and aspirations for the DAO.
Airvey told the Gazette during his run that heās looking forward to helping launch and establish ApeChain as the premier Web3 gaming coin while also restoring value to $Ape.
āMy primary motivation is to restore the value of ApeCoin DAO to its initial release level ($8 per token on day one),ā Airvey wrote on his candidate Discourse page. āI believe there are several ways to regain positive momentum, starting with using $APE as gas.ā
As Airvey plans to focus his efforts on Apechain, Hazel wrote that she wants to bridge the gaps in the $Ape community, share ApeCoin culture, and bring new people into the $Ape ecosystem!
BoredApeG, Airvey, and Hazel arenāt the only $Apes taking office in the new year. The community also elected Bigbull to be its next Governance Working Group Steward, Popil and Linstro to be its first ever Marketing and Communications Working Group Stewards, and David_Crypto and Dim to be its first ever Metaverse Working Group Stewards.
As the DAO gets ready to enter a new Working Group era of governance, ApeCoin is also gearing up for the launch of an ApeChain at some point that will possibly be created by a major player in the Crypto space, if any of them can get the votes.
As the Bored Ape Gazette has been reporting since October, Polygon, Optimism, Arbitrum, and ZkSync have all written Ape Improvement Proposals to the community on why they are the right chain/ foundation to help build an ApeChain. Each of these chains/ foundationsā AIPs, are supported by various whales in the $Ape community or they have large bags of $Ape themselves!
Polygon Labs announced that they purchased over 10 million USD worth of $Ape on December 14th, MachiBigBrother and his A-Team have come out in support of Optimismās proposal, and Horizen Labs is collaborating with Arbitrum on their own ApeChain idea.
Last week the ApeCoin DAO had its first chance to vote on an Apechain and decided to vote against Polygon Labsā proposed idea. Following the vote, Polygon Labsā CEO, Marc Boiron, announced that they will be resubmitting a proposal.
Itās safe to say that the ApeChain vote will be one of the biggest ApeCoin storylines of 2024!
Thank you so much for reading this weekās edition of the ApeCoin DAO-N Low and be sure to follow the Bored Ape Gazette on Twitter to stay up to date with all things $Ape!
Best,
Kyle
Editor-In-Chief
Bored Ape Gazette