ApeCoin DAO Votes in Two New Special Council Seats to Replace Yat Siu and Alexis Ohanian

ApeCoin DAO has selected two new members to join its Special Council, filling the positions previously held by Animoca Brands chairman Yat Siu and Reddit co-founder Alexis Ohanian, according to CoinDesk.

ApeCoin, launched in March 2022, is an Ethereum-based native currency of the Bored Ape Yacht Club ecosystem. The ApeCoin website explains that the Ape Foundation was established to ensure effective governance over the ApeCoin DAO and its treasury. The Ape Foundation is overseen by the Special Council, whose purpose is to "administer DAO proposals and serve the vision of the community." 

Starting last Thursday, ApeCoin DAO held a vote to add two members to its Special Council, replacing Siu and Ohanian, who had held these positions sincethe establishment of ApeCoin DAO. Voting concluded on Wednesday evening and welcomed pseudonymous ApeCoin DAO community manager Waabam and Bored Ape holder CaptainTripp to the Special Council. Among the five nominated candidates, Waabam received 31.2% of the votes, holding 7.7 million APE, while CaptainTrippy received 29.4% of the votes, holding 7.3 million APE. 

The new members will join existing Special Council members Bored Ape G, Gerry, and Vera Li. 

Author: Katie Lin

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