Kyle
As The Community Votes Against The Cartan Group's Proposal Many Are Wondering What Happens Next?
The ApeCoin DAO is voting on an Ape Improvement Proposal that will have a major impact on the community going forward regardless of the outcome.
The Cartan Group, the company the DAO elected at its inception to be its administrator , has an AIP on the ballot this week that, if passed, would extend the company’s term and expand its scope going forward and if rejected, will leave the ApeCoin DAO with questions about its future.
AIP-183 titled, “Cartan’s Proven Track Record & Continued Commitment to Advancing the ApeCoin Ecosystem,” asks the community to extend the Cartan Group’s contract with the DAO for 12 months and increase the DAO’s monthly allocation to the Cartan Group from $150,000 to $250,000 +20,000 $Ape.
With the extra money per month, The Cartan Group’s Brian Tang wrote that they would hire community members to help run the DAO and work to make the DAO run more “efficiently and transparently.”
At the time of this article’s publication, the Cartan Group’s proposal is underwater with the ApeCoin community with 82.42% of voters casting their $Ape against the proposal.
