Request

Foundation

ApeCoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/apecoin-dao-shuts-down-four-ineffective-groups" data-wpel-link="internal" rel="noopener noreferrer nofollow">ApeCoin DAO Shuts Down Four Ineffective Groups</a><br></p>
<p style="text-align: justify">On October 17, ApeCoin DAO reached a critical decision to dissolve four working groups, securing an impressive approval rate of 98.02% on the Snapshot platform. This move specifically targets the groups involved in management, marketing, metaverse initiatives, and <a href="https://en.bitcoinhaber.net/new-strategic-partnership-sets-stage-for-next-gen-metaverse-gaming" data-wpel-link="internal" rel="noopener noreferrer nofollow">Web3</a> development. The driving force behind this action centers on the unsustainable financial burden these groups represented, amounting to nearly $3 million annually, without yielding the anticipated productivity.</p>
<h2 style="text-align: justify" id="strong-why-were-these-working-groups-disbanded-strong"><strong>Why Were These Working Groups Disbanded?</strong></h2>
<p style="text-align: justify">The announcement pointed out that these groups consistently fell short of their goals, leading to their budget being deemed wasteful. The DAO’s financial report for the first quarter highlighted the pressing need for such changes, as the diminishing budget of the ApeCoin Foundation indicates that these expenses were no longer tenable.</p>
<h2 style="text-align: justify" id="strong-how-will-outsourcing-improve-operations-strong"><strong>How Will Outsourcing Improve Operations?</strong></h2>
<p style="text-align: justify">To address efficiency concerns, the DAO plans to outsource necessary functions, bringing in skilled third parties to expedite progress. New teams will be recruited through a Request for Proposal (RFP) process, ensuring alignment with the DAO’s transparency and accountability standards while allowing adjustments based on performance.</p>
<p style="text-align: justify">The shift in strategy emphasizes a more focused approach for the ApeCoin Foundation and aims to optimize fund utilization. Key points include:</p>
<ul>
 <li>Dissolution of underperforming working groups to cut costs.</li>
 <li>Outsourcing tasks to experienced third parties for improved efficiency.</li>
 <li>Implementation of transparent performance indicators for new teams.</li>
</ul>
<p style="text-align: justify">This restructuring allows the ApeCoin DAO to concentrate on specific tasks while maintaining flexibility in collaboration with external teams. The expectation is that these new partnerships will drive better outcomes and adhere to defined performance metrics.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/apecoin-dao-shuts-down-four-ineffective-groups" data-wpel-link="internal" rel="noopener noreferrer nofollow">ApeCoin DAO Shuts Down Four Ineffective Groups</a></h5>

ApeCoin DAO Shuts Down Four Ineffective Groups

Table of Contents

BH NEWS

Other articles published on Oct 17, 2024

The Most Promising Cryptocurrencies in Q3 2024: Bitcoin, Ethereum, and Beyond

BTC to Hit $90,000 Within 3 Months

Polymarket users jockey over $50m ‘Trump coin’ bet

FLOKI’s Valhalla Welcomes Hafthor Björnsson, "The Mountain" from Game of Thrones, as Official Amb...

Bitcoin Spot ETFs Surge With $800M Inflows in Two Days

It Takes Two sells 20 million copies

Join our free newsletter for daily crypto updates!