{"id":25494,"date":"2022-04-29T09:28:15","date_gmt":"2022-04-29T13:28:15","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=25494"},"modified":"2022-04-30T07:17:14","modified_gmt":"2022-04-30T11:17:14","slug":"apecoin-soars-as-community-ponder-dao-proposals","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/apecoin-soars-as-community-ponder-dao-proposals\/","title":{"rendered":"Bored Ape Yacht Club’s ApeCoin (APE) Skyrockets As Community Consider DAO Proposals"},"content":{"rendered":"\n
ApeCoin, the token that powers the ApeDAO, has seen a price increase in the last 24 hours as the community votes on many proposals.<\/h5>\n\n\n\n
\"Apecoin
ApeCoin (APE), the Ethereum token based on the Bored Ape Yacht Club. Image: ApeCoin DAO<\/figcaption><\/figure>\n\n\n\n

According to CoinMarketCap data\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, ApeCoin is up more than 7% in the last 24 hours.<\/p>\n\n\n\n

APE soared late last night, reaching nearly $27. Since then, the token has lost some of its gains and is now worth a little under $22.<\/p>\n\n\n\n

The freshly launched coin powers the ApeCoin DAO<\/a>, an unofficial decentralized autonomous organization associated with the Bored Ape Yacht Club (BAYC) NFT collection<\/a>.<\/p>\n\n\n\n

The weekly chart depicts a similarly upbeat picture. ApeCoin has increased by 67 percent since last Friday.<\/p>\n\n\n\n

\"Apecoin<\/figure>\n\n\n\n

Nonetheless, the token is still a long way from its all-time high of $39.40 reached in March.<\/p>\n\n\n\n

What\u2019s driving ApeCoin?<\/h2>\n\n\n\n

Because ApeCoin <\/a>is a governance token, holders can create and vote on various ApeDAO proposals.<\/p>\n\n\n\n

To engage in the Ape community, you must own some of its tokens.<\/p>\n\n\n\n

According to the timing of ApeCoin's recent price increase and multiple outstanding proposals, some investors are accumulating additional voting power.<\/p>\n\n\n\n

\n

The community has been hard at work proposing new ideas in the form of AIPs to guide the direction of the DAO. Read below for a quick update on where some AIPs are at in the process and how as a holder of ApeCoin (and therefore a DAO member) you can participate. \ud83e\uddf5(1\/5)<\/p>— ApeCoin (@apecoin) April 28, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

Three Ape Improvement Proposals (AIP) are presently open and will close on May 4.<\/p>\n\n\n\n

AIP-21 and AIP-22, for example, offer further changes to staking the ApeCoin token. Staking is the process of depositing cryptocurrency into a smart contract in exchange for further incentives.<\/p>\n\n\n\n

AIP-7 is less technical, suggesting a modification in how conversations inside the DAO are formalized. In addition to these three active proposals, two additional AIPs are being discussed.<\/p>\n\n\n\n

All past and present ideas can be found on the DAO voting platform Snapshot<\/use><\/svg><\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

ApeCoin, the token that powers the ApeDAO, has seen a price increase in the last 24 hours as the community votes on many proposals. According to CoinMarketCap data , ApeCoin is up more than 7% in the last 24 hours. APE soared late last night, reaching nearly $27. Since then, the token has lost some […]<\/p>\n","protected":false},"author":34,"featured_media":25512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[8199,8642,4121],"class_list":["post-25494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-apecoin-2","tag-bayc-2","tag-bored-ape"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/apecoin-bored-ape-yacht-club-gID_5.png.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=25494"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/25512"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=25494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=25494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=25494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}