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🚀 ApeCoin DAO Proposes Closure Of Non-Essential Workgroups

According to Odaily, ApeCoin DAO has introduced proposal AIP-466 on the Snapshot governance page, aiming to shut down non-essential workgroups. The proposal outlines the closure of four workgroups, which collectively incur an annual expenditure of nearly $3 million. The workgroups slated for dissolution include the Governance Workgroup, responsible for drafting guidelines and the governance workgroup charter (AIP-239); the Marketing and Communications Workgroup, which handles the marketing and communications charter (AIP-246); the Metaverse Workgroup, tasked with the metaverse workgroup charter (AIP-245); and the Web3 Development Workgroup, which oversees the Web3 development charter (AIP-376). The voting on this proposal is set to conclude on October 17, with a current approval rate of 98.19%.

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🚀 ApeCoin DAO Approves Proposal To Dissolve Four Workgroups

According to PANews, ApeCoin DAO has approved a proposal to dissolve four non-essential workgroups with a 98.02% support rate. The workgroups set for dissolution include the Governance Workgroup, Marketing and Communications Workgroup, Metaverse Workgroup, and Web3 Development Workgroup. The proposal highlighted that these workgroups cost the DAO nearly $3 million annually while demonstrating low operational efficiency. Additionally, the proposal noted that the ApeCoin Foundation's funds are rapidly depleting. To alleviate financial pressure, the proposal suggests outsourcing these functions to third-party teams and recruiting teams that meet transparency and accountability standards through a request for proposal (RFP) process, thereby optimizing the DAO's operational efficiency.

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