ApeCoin Community Initiates Proposal to Have APE Remain on Ethereum, with 99% of Votes For the Idea

  • The ApeCoin Community has initiated a proposal to keep APE within the Ethereum ecosystem.
  • 99.95% of the votes are so far for the proposal that ends on June 9th.
  • The proposal under AIP-41 points out that migrating to a different chain is a costly, risky, and complex endeavor that may result in catastrophic loss or abandonment by Yuga Labs.
  • Additionally, Ethereum and its L2 solutions provide possible solutions.

The ApeCoin community has initiated a new proposal to have the APE token remain within the Ethereum ecosystem. The proposal, under AIP-41, is still in the voting stage, with 99.95% of participants agreeing that ApeCoin should stay within Ethereum. The vote is ongoing and will be concluded on June 9th at 4 am, as highlighted in the screenshot below.

ApeCoin Community Initiates Proposal to Have APE Remain on Ethereum, with 99% of Votes For the Idea 14