The ApeCoin DAO, a decentralized autonomous organization (DAO) made up of ApeCoin (APE) holders, has voted in two new members of its Special Council governing body. The new members, Waabam and CaptainTrippy, will replace Animoca Brands chairman Yat Siu and Reddit co-founder Alexis Ohanian, who had served since the DAO’s inception.
The Special Council is responsible for administering DAO proposals and serving the vision of the ApeCoin community. Waabam earned 31.2% of the vote with 7.7 million APE, while CaptainTrippy took in 29.4% of the vote with 7.3 million APE. CaptainTrippy expressed his hope to help the ApeCoin DAO community align and drive culture forward into the metaverse.
The new recruits will join existing Special Council members Bored Ape G, Gerry and Vera Li, as well as two Governance Steward seats filled by All City BAYC and tiger is fine. Yat Siu expressed his support for the organization in its growth, saying I deeply treasure my experience as an SC member for ApeCoin, it was full of experimentation, creative problem solving and innovating on the edge of a living breathing organism!
Ahead of the Special Council election, some ApeCoin community members questioned the high salary of Special Council members, who earn $20,800 each per month, or nearly $250,000 per year for the role.