ApeCoin

ABSTRACT

The Special Council of the APE Foundation provides, at the behest of the ApeCoin DAO members, stewardship and oversight of the APE Foundation.

Detailed Special Council job responsibilities are found here: https://forum.apecoin.com/t/ape-foundation-players-the-special-council-aip-282/17654

To shape long-term success, our community needs to continuously attract top talent who are both aligned and effective at serving the vision of ApeCoin DAO.

The ApeCoin community has indicated the desire for the opportunity to provide input on the appropriate payment for ApeCoin Special Council.

This AIP would give the community that opportunity, by providing a number of possible payment options for the community to choose from.

These payment options could include payment paid partially in $APE, with the $APE amounts being calculated based on the price of $APE on the first day of the Special Council member’s term, and vesting on the 1-year anniversary of such term.

BENEFIT TO APECOIN ECOSYSTEM

This proposal directly benefits the ApeCoin ecosystem by building a stronger future with focused alignment between the expectations of community members and the payment of ApeCoin Special Council members.

OVERALL COST

• Option 1: 125k USD + 50k USD in $APE (calculated using $APE price on first day of SC term and vesting on the annual anniversary of such term)

• Option 2: 125k USD

• Option 3: None of the above (leave SC pay as is)

All base pay is paid monthly over the one-year term.

The new ApeCoin Special Council payment structure will apply to any Special Council member terms commencing January 1, 2024 onwards.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-350-shaping-success-building-a-stronger-future-with-new-special-council-pay/19265

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.