ApeCoin

ABSTRACT

This AIP proposes the re-evaluation of Special Council salaries from AIP-1 with an immediate salary adjustment for future Special Council members, suggesting a 50% reduction in their compensation (from $20,833 of ApeCoin/month to $10,417 of ApeCoin/month). This adjustment will be applicable to all future terms as detailed in AIP-137 and AIP-138, exclusively affecting Special Council members elected after the implementation of this proposal.

BENEFIT TO APECOIN ECOSYSTEM

Financially, the DAO stands to accrue savings of up to $104,165 ApeCoin monthly. It will also elevate community engagement by granting ApeCoin holders the opportunity to vote on this delicate matter, enhancing the overall governance.

OVERALL COST

$0. No costs for the ApeCoin DAO. Instead it will save the DAO up to $104,165 ApeCoin/month.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-337-re-evaluating-apecoin-dao-special-council-salaries-structure/18817/1

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.