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New Development Likely to Cause Massive Apecoin Sell-Off

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By Brennan Forrest - February 27, 2023 - 5 Mins Read

Community Reaction to the New Development 

There were different reactions to the already rejected proposal within the APE ecosystem. Some found the proposal to be a great development for the ecosystem. But many within the community rejected it. 

According to a community member named Moonlyght, "Love the idea. Also could bring potential cash flow to the DAO when structured properly to receive funds (with a sub-DAO or a different legal entity). Also for the first 100 there’s no cost to the DAO and if there’s more demand we can be flexible and move forward with another AIP. Forever Apes are providing value and giving more than what they’re taking, would be a yes for me. Great work!"

But some weren't really enticed by the proposal. Others had huge questions for those behind the proposal. One of them asked, "Figuring out a way to return profits to the DAO might take some time or may not be a viable option considering the regulatory environment. What are your plans for any profits that would be generated before a way is figured out or if the DAO is unable to accept them?"