Three ApeCoin whales expressed their desire to abandon Ethereum to take the ape project to another Blockchain. Now the vote looks close.
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- 58% of the community has voted to stay in Ethereum.
- Three whales used 700 million APE to vote against it.
- Voting ends on 9 June.
The proposal on whether or not to migrate the popular NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. projectBored Ape Yacht Club (BAYC) off the blockchain Ethereum a decentralized open-source blockchain with smart contracts functionality. is proving more controversial than expected.
After the majority of the community had voted to reject the idea. to migrate out of Ethereum A group of whales has tipped the scales, making the decision even closer. According toCrypto Briefingthe proposal went from having over 90% approval to less than 50% in just three days all thanks to some fat ape whales.
ApeCoin whales want to leave Ethereum
A few weeks ago, the team of Yuga Labs the company behind BAYC, implied that the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. native to the project, ApeCoin (APE) , he needed to move to his own Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. citing at the time the challenges associated with high transaction fees and congestion experienced by users on the native blockchain Ethereum .
In keeping with this ambition, the team at ApeCoin DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. , la organización que maneja dicho token presented a governance proposal on 2 June for the community to express its views on the matter. Despite the comment of Yuga Labs the people of ApeCoin DAO stressed his view that “ ApeCoin should stay within the Ethereum ecosystem, and not migrate elsewhere “.
An initial poll of the AIP-41 proposal showed that an overwhelming 99% supported this permanency plan, however, three days after the vote was cast, opinion has evened out. According to the website Snapshot a recording of the state of a blockchain at a particular block height. approval has now dropped to 58.4%, with more than one million tokens APE voting in favour of migration.
A close refers to the closing price; similar to the same term used in stock trading. inspection of the chain ballot shows that just over 60% of the votes against the proposal appear to come from just three whales (large holders) of ApeCoin each of which submitted 404,000, 153,000 and 151,000 APE tokens out of the 1.1 million votes against the proposal.
It is worth noting, as doesCrypto Briefingthat the proposal is voted on using the token de gobernanza APE, por lo que cada token cuenta como un voto. This means that members who hold large amounts of APE have a great deal of influence over the governance in the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. process, creating the possibility that the few votes of a small number of incumbents will oppose the majority view.
A horizon of apes – with or without Ethereum
The issue about the inequitable distribution of tokens between headlines is not unusual within cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. projects and can be one of the counter arguments, as well as a problem, for governance. Blockchain . While in the case of ApeCoin the data of Nansen indicate that this token is fairly evenly distributed among holders, with no particular wallet a place where cryptocurrency users can store, send and receive digital assets. holding a significant amount of the circulating supply, the most recent vote appears to demonstrate a slight imbalance.
According toCrypto Briefing, s only four addresses of ApeCoin have more than 1% of the supply, two of them belonging to cryptocurrency exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Binance . However, the media also points out that the distribution of tokens between wallets does not necessarily indicate an even distribution among the actual members of the community, as one entity could control several wallets and thus have de facto control over the project in terms of power.
As of press time, the percentage margin between those in favor of the proposal and those opposed is a slim 16%. With the vote three days away (June 9), the future of ApeCoin en Ethereum now seems highly uncertain.
If the option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. to move the famous apes out of the Ethereum The project has several options to choose from. The blockchain Avalanche recently proposed a ApeCoin DAO que se moviera hacia su plataforma altamente escalable. En medio de los rumores de una migración, otras blockchains have also courted the organization for consideration.
- Hackers took advantage of ApeCoin launch to steal more than 30 NFT in phishing when a scammer pretends to be a trusted institution or person to trick people into revealing sensitive information such as Social Security numbers, passwords, banking details, etc., often through a malware link disguised as legitimate. campaign
- Bored Ape APE token soars 70% and users make gimmicks to claim airdrop a marketing campaign that distributes a specific cryptocurrency or token to an audience.
- Elon Musk changes his Twitter profile picture to NFT collage Bored Ape
Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Unsplash
