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ApeCoin Community Passes Proposal to Allocate $1 Million for Crypto Public Goods

Cointime Official

April 20 (Cointime) - The ApeCoin community has voted in favor of a proposal to allocate $1,000,000 to support crypto public goods through ETH Global and ApeCoin hackathons. The proposal, titled "I don't hate apes, I just want them to fund public goods!", received 46.21% of votes in favor, while 29.96% voted against it, and 23.84% abstained.

Source: https://snapshot.org/#/apecoin.eth/proposal/0x0bb3c25e2d5d817d13cf040d7780641743553ef1ed0ec1cef1424567beb99ccf

The name of the proposal is inspired by a tweet from Ethereum co-founder Vitalik Buterin, who expressed his desire for the ApeCoin community to fund public goods.

Source: https://forum.apecoin.com/t/aip-230-i-dont-hate-apes-i-just-want-them-to-fund-public-goods/11280

The proposal outlines a $1,000,000 investment by ApeCoin DAO, allocated as follows:

  • $300,000 donation to ETH Global
  • $700,000 for participation in 11 ETHGlobal hackathons in 2023, including 7 in-person and 4 online events
  • $40k Pillar Tier sponsorship and $10k prize pool per event
  • $50k in prize matching with Ethereum Foundation for initiatives around NFTs, DAOs, zk scaling, and account abstraction
  • $50k for operational costs related to in-person events, such as swag bag items, content creation, and travel reimbursements
  • Up to $50k for unexpected operational or prize expenses in 2023
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