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.
As the community appears to be against AIP-183, many in the $Ape community are wondering what happens next if this proposal does not pass.
“With current AIP regarding whether we continue after Jan. 1 with Cartan, has existing council discussed/ planned for a transition,” notable BAYC member CapetainTrippy tweeted this afternoon. “Seems this would be something discussed/ planned well in advance. I’m seeing nothing currently on this from current council. Maybe I missed.”
The Bored Ape Gazette reached out to Special Council member Dean Steinbeck who told the Gazette that losing the Cartan Group would be a "significant blow to the DAO."
"I am very disappointed that the Cartan proposal looks like it won’t pass," Steinbeck said. "Cartan is extremely competent, professional, hardworking and trustworthy. Losing them would be a significant blow to the DAO. From my perspective, the people complaining about Cartan’s performance have no idea what it takes to run a DAO, have no idea how much Cartan does on a day-to-day basis and have simply garnered support by being twitter naysayers. If Cartan loses, the DAO will need to find a replacement for all the various tasks currently managed by Cartan, including acting as the Foundation’s corporate director. It won’t be an easy task."
Along with Steinbeck, the Bored Ape Gazette has also reached out to Tang with some questions regarding AIP-183 and was told that he would provide the Gazette with answers later this weekend.
As the Bored Ape Gazette waits for a response from Tang, the Gazette took to Twitter and found a mostly ignored thread posted by the Cartan Group on December 15th where the company answered some of the community’s questions regarding the 12-month extension and increased costs.
While the Cartan Group did not explain what would happen if AIP-183 was rejected in the thread, the company did say that if AIP-183 is passed, the community is free to replace the Cartan group at any time after a three-month conflict period.
“We agreed to a 3-month extension in AIP-113 and are now looking for a longer-term commitment,” the Cartan Group tweeted. “A proposal can be made at any time after the conflict period of 3 months to replace us, but continuity remains until that occurs. [7/8]”
Regardless of how this vote ends, many in the community believe that the DAO needs to have a plan going into the new year.
“If Cartan is voted out, it is imperative we have a transition plan in place and time is running out,” CapetainTrippy tweeted.
The Bored Ape Gazette is working to bring you continued coverage of AIP-183 and will be reaching out to $Ape holders who are against this proposal to get their thoughts on the future of the DAO. Stay tuned for updates!