There is a proposal to open an APE-themed hotel in Bangkok, Thailand, and it’s gaining strong support from the ApeCoin community.
The proposal, known as ApeCoin Improvement Proposal #448, or AIP-448, already received big amount of backing with over $3.6 million worth of APE votes in favor.
Vote4Hotel
The voting for AIP-448 began on July 18 and is set to conclude on July 31.
This week, around 4.6 million APE voted in favor of the proposal, which translates to 91.84% of the votes.
On the other hand, about 411,000 APE votes opposed the plan. Fair to say the support is overwhelming, and numbers makes it likely that the proposal will pass.
Anyone holding ApeCoin can vote by linking a crypto wallet, with the weight of their vote corresponding to their balance. Stakeholder capitalism at its finest.
Build it
The AIP-448 proposal wants to build a real-world APE-themed hotel in Bangkok to generate real revenue for the ApeCoin DAO.
The primary goals are to enhance the visibility of the Bored Ape Yacht Club brand and intellectual property, increase ApeCoin’s visibility and utility, and create a new revenue stream for the DAO.
The hotel plans to feature various APE-themed attractions, including exhibitions, a rooftop bar, themed rooms, and a swimming pool.
When the project goes live, literally
The proposal has serious real world implications for the ApeCoin ecosystem, for example, based on the initial plans, 50% of the revenue from themed rooms will be allocated to the ApeCoin DAO treasury for one year.
The hotel will also accept ApeCoin as payment. The proposal includes community-focused perks like 50 free room nights for APE holders and complimentary access to certain facilities, hopefully boosting the engagement and strengthen community bonds.
