Apecoin Community Votes on Keeping APE Token in the Ethereum Ecosystem

The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal’s voting process will end on June 8, 2022, bei 9 Uhr. (ET). inzwischen, the project’s native token APE has lost 57% gegen die USA. dollar in the last 30 Tage.

Apecoin Community Begins Voting on Whether or Not Asset Should Remain Operating on Ethereum

This week the Apecoin community is voting on whether or not the native token apecoin (AFFE) should remain on the Ethereum blockchain. The voting process was angekündigt by the official Apecoin Twitter account in order to update the community. “The proposal up for a vote is AIP-41 which proposes ApeCoin to stay within the Ethereum ecosystem,” the tweet explains. “Voting ends next Wednesday, June 8th at 9PM ET, so be sure to vote before then.” The tweet also links the Apecoin Improvement Proposal (AIP) 41, which summarizes the debate.

The summary cites the Bored Ape Yacht Club (BAYC) creators Yuga Labs when the company stated in a tweet that APE needed to migrate to another blockchain. “It seems abundantly clear that apecoin will need to migrate to its own chain in order to properly scale,” the company said on April 30. According to AIP-41, the Apecoin DAO believes “ApeCoin should remain within the Ethereum ecosystem, and not migrate elsewhere to an L1 chain or sidechain not secured by Ethereum.” The Apecoin DAO further states:

Migrating to a different chain is a costly, risky, and complex endeavor with many moving parts that may, if not thoughtfully considered, result in catastrophic loss, or at worst, abandonment by Yuga Labs and other entities that would otherwise meaningfully to Apecoin.

For now, much of the discussion goes both ways, as some people agree with the Apecoin DAO’s opinions and others do not. Some individuals mentioned scaling solutions like Arbitrum One, Zksync, Optimismus, and Immutable X. Others can envision APE migrating to another chain like Avalanche. One person commented and said: “Moving away from ethereum is really the worst decision they can make.” In recent times, Ethereum fees have dropped a great deal, to under $3 per transfer, but they are starting to rise again this week as the average gas fee is 0.0056 ETH oder $9.87 per transfer.

The cost to move an ERC20 asset like apecoin (AFFE) can be more costly than a simple ether transfer. Apecoin’s value has dropped a great deal as the crypto asset is down 77.3% from its April 28 all-time high tapping $26.70 per APE. During the past month, APE is down 57% and seven-day statistics indicate apecoin has dropped 4.9% im Wert. APE has an overall market capitalization of around $1.77 Milliarden heute, and apecoin has seen $252 million in 24-hour global trade volume.

What do you think about the apecoin (AFFE) migration discussion? Teilen Sie uns Ihre Meinung zu diesem Thema in den Kommentaren unten mit..

Jamie Redman

Jamie Redman ist der Nachrichtenleiter bei Bitcoin-Tidings.com News und ein in Florida lebender Journalist für Finanztechnologie. Redman ist seitdem ein aktives Mitglied der Kryptowährungs-Community 2011. Er hat eine Leidenschaft für Bitcoin, Open-Source-Code, und dezentrale Anwendungen. Seit September 2015, Redman hat mehr als geschrieben 5,000 Artikel für Bitcoin-Tidings.com Nachrichten über die disruptiven Protokolle, die heute auftauchen.

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