Three New Members Join the ApeCoin Council: Here’s Everything to Know

The ApeCoin DAO adds three new members to the club; @BoredAPeG, @veratheape, and @nftgerry. However, with these new additions, the members have also ousted @Degentraland from the club.

Jan 2, 2023
by Anvi Saini
Three New Members Join the ApeCoin Council: Here’s Everything to Know
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The ApeCoin Council, which is a highly prestigious group of representatives and organizations of the crypto world, has three new members. These members will join Animoca Brands’ chairman, Yat Sui, and co-founder of Reddit, Alex Ohanian. The membership of these members begins in January 2023, with a validity of one year. As long as these members sit on the council, they will receive $20,833 in the form of $APE every month. 

Promises, Integration with Metaverse, and Much More

As the new members are inducted into the club, they will serve as three new pillars of taking the technology and its products further. The members promised to improve communication between the Council and the ApeCoin DAO members. Furthermore, they will work together to achieve better integration with the Otherside metaverse. The existing members of the Council, including Yat Sui, are seeing this election with excitement and a new array of opportunities. Moreover, they are thrilled to work with the new members and are elated about the diversity of the new council. 

The ApeCoin Journey and the Way to the Elections

The ApeCoin Council is a community-based organization, and it manages all the projects related to ApeCoin. $APE is also the official currency of the BAYC world. Moreover, the elections for three new members in December 2022 came after three existing members resigned. Also, the $APE coin holders are eligible to vote for the new members of the council, and they need to allocate $APE tokens to the candidates. 

In the year 2022, ApeCoin was in the news frequently for its activities and developments. Even in the bearish market, the ApeCoin Council shared different proposals with the community. 

Some major developments include the launching of a custom NFT marketplace and Gucci accepting ApeCoin in US stores. Plus, the vote for ApeCoin remaining on the Ethereum blockchain is also exciting. This new vote shows how a DAO can function democratically and look toward the interest of the community.

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