It has been a few months of reckoning for members of the ApeCoin community as transactions are often subjected to high gas fees as the project is built atop the Ethereum network.
Yuga Labs, the startup behind the Bored Ape Yacht Club (BAYC) brand, has proposed to move ApeCoin away from Ethereum to its own blockchain, a proposal that holders of the APE are currently contesting.
According to an ongoing community voting hosted on Snapshot, ApeCoin DAO wants a reversed decision from what Yuga Labs proposed. Per current voting statistics, many APE whales are against the proposals of ApeCoin DAO to remain on Ethereum for the time being.
The voting commenced on June 3 and is poised to end on June 9 and thus far, those in favour of moving away from Ethereum have overwhelmed those who want to stay. With APE tokens being used as the yardstick for the voting, the statistics showed a total of 1.4 million APE tokens are in support of moving the community to a new blockchain, while 1.1 million...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...