Huang Licheng proposed to use 11 million APE to purchase Yuga assets such as BAYC and issue governance token DAM. Voting will start tomorrow

Odaily News The AIP-304 proposal initiated by Huang Licheng in the ApeCoin community will open voting at 9:00 tomorrow and will end at 9:00 on September 21. The proposal proposes to use 11 million APE to purchase Yuga assets, including NFTs such as BAYC, MAYC, BAKC and Punks, for exhibitions and donations to art institutions to enhance the spread of digital art on a global scale. If the proposal is passed, a new governance token DAM will be launched to select and manage NFT collections. 30% of DAM will be allocated to ApeCoin pledgers within 5 years, and 70% will be used for the treasury, which will be voted by token holders. The collection will contain at least 70% Yuga assets, with 30% optionally used for other mainstream NFTs.