Seventeen days after $Ape holders rejected Ape Improvement Proposal 4& 5, Animoca Brands Chairman and Apecoin Board Member Yat Siu Took to Twitter To lay out a revised staking proposal with caps and a shorter implementation timeframe
“We decided to explore proposals from reputable 3rd party blockchain firms to assess the time table for a discussion with the @apecoin community given the many concerns,” Siu tweeted. “This proposal suggests a time table of 14 weeks for the staking implementation itself.”

“And it also assumes 13 weeks of development for the UI which can be done simultaneously. The proposal was created by a very credible blockchain developer who for the time being wishes to remain anonymous given that AIP-4 (revised) was not (and may not be) approved. Our initial thought is that the time table it takes to develop appears fair (3.5m) but that we feel that a 1 week audit might be conservative. Given that the the proposed @apecoinstaking pool is substantial we feel that this is an endeavor that will require significant care. The purpose of sharing this to the @apecoin community is for discussion, review and disclosure purposes only. Before we would consider submitting a new AIP idea we wanted to receive more insights from the community, for that purpose we have also put forward a poll on caps. How large should the @apecoin CAP be per NFT for any future staking proposal under a reformed AIP-4 idea? As a reminder the caps were 10,094 $ape for #BAYC and 2,042 for #MAYC full details over at https://apecoin.com #DAO #vote#apecoin.”
At the time of this articles publication, the majority of poll voters believe that the cap should be the amount of $Ape that BAYC and MAYC NFT holders were given.

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