BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

APE Soaring on Governance Proposals

by Abimbola Adu
Sep 12, 2022 - 12:00 am
in Blockchain
APE Soaring on Governance Proposals

In a statement released recently on Twitter, Apecoin announced tweaks to their DAO model. They further cited continuity and stability as reasons why new proposals are introduced. Compared to previous weeks, the valuation of APE has since then soared.

https://twitter.com/apecoin/status/1567967188543225856

Generally, a DAO is ultimately run exclusively by its community members, who jointly decide on crucial project issues, including technological advancements and treasury distributions.

APE’s new governance proposal does not necessarily change the modus operandi of the DAO model. The community members are still at the helm of operations. However, the developers are keen to change how the platform’s DAO operates. 

They made a crucial suggestion regarding the election process. The APE team suggested that the election procedure be changed to a rolling election in which a council member’s seat is up for election every three months or at any other predetermined interval. 

Cryptocurrency platforms use new features or developments as tactics to attract interest. The APE team has successfully done that in this case by listening to the ideas of their community. Through the new proposals, the developers displayed their trust in their community.

Furthermore, on September 9, in addition to governance proposals, AIP-89, a feature that seeks to improve the delegation of ApeCoin, was brought up for a vote.

Many APE owners lack time to participate in governance and would like to delegate their votes to colleagues. The current Snapshot delegation model requires users to be aware of the delegate’s wallet address, and there is no easy method to predict how the delegates will govern. 

After asking members a few simple questions about their preferred methods of governance, delegates will be able to select and browse through their responses to choose one that matches their interests.

Delegation enhances the number of votes cast and the amount of community input while also holding governance participants responsible.

By establishing these proposals, they welcome new members, guarantee that the DAO operates consistently, effectively transfers expertise, and introduce new suggestions from the community.

Overall, the goal at the end of the day is to promote a steady rise in valuation. Traders are keen to see how the new features work. Therefore, interest in and adoption of APE increased. 

Tags: APEApeCoin
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service