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ApeCoin DAO speaks – $ APE is now in Ethereum

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After a week of discussions and deliberations, ApeCoin voted in favor of having that APE on the Ethereum network, citing security, complexity and cost as the main motivations for the DAO decision.

Back in April, a catastrophic Adarside launch saw the triumph of confusion and the spiraling of gas prices. So, immediately after, the project developer, Yug LabsIt will require its own chain Scale Exactly since then, discussions have spread about how this will happen and how it can be managed.

In its latest development, user BAYC 2491 submitted a proposal as to why the project should be in Ethereum. After that, winning a tough fight for those who were on the side broke a healthy lead as many ApeCoin whales joined the fight. But in the end, they kept the winning trend 53.62% for the restAnd 46.38% in contrast.

In all, ApeCoin holders received a total of 7.1 million votes, indicating that most small coin investors have opted to stay in Ethereum. In the meantime, many of those whose larger portfolios are at risk have opted to move to another network.

Up front, further proposals regarding a chain migration will be on hold for a three-month grace period. After that, community members will be free to submit further recommendations on the subject.

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* All investment / financial opinions published by NFT Plaza come from the personal research and experience of our site moderators and are intended as educational material only. Individuals need to do thorough research on any product before making any kind of investment.



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