ApeCoin (APE) Hotel Gets Community Approval, Seeks Funds to Launch in Bangkok

Earlier this week, the ApeCoin decentralized autonomous organization initiated a proposal to launch an APE-themed hotel in central Bangkok.

ApeCoin (APE) holders have overwhelmingly voted in favor of launching an APE-themed hotel in central Bangkok.

As of July 25, more than 91% of the votes were for the proposal, which is known as AIP-448. Voting began on July 18 and will continue until July 31.

The proposal aims to integrate intellectual property applications, hospitality, the arts, and cryptocurrency through the hotel. It envisions various ApeCoin-themed attractions and amenities.

The hotel could feature ApeCoin-centric exhibitions, an APE-themed bar, and rooms designed to represent different APE communities. It also proposes an APE-branded swimming pool and a dedicated area for exhibitions.

The proposal seeks 410,000 APE from the ApeCoin ecosystem fund to cover the costs of the hotel.

According to the DAO, the ApeCoin Hotel will extensively promote ApeCoin, ApeChain, and the diverse APE communities. The DAO highlighted several benefits that the venture aims to provide to members of the APE community.

The DAO proposed that 50% of the revenue generated from themed rooms be allocated to the ApeCoin DAO treasury for one year. The hotel could also accept ApeCoin as a payment method, showcasing the cryptocurrency’s real-world utility and potentially increasing its circulation.

The hotel project also includes various community-centric initiatives. It proposes offering 50 complimentary nights of accommodation to APE holders and providing free access to certain hotel facilities for community members.

The proposal describes a unique check-in process for ApeCoin holders at the themed hotel. Guests would need to verify their ApeCoin Forum membership and wallet balance at the front desk.

Guests are encouraged to share their experiences on Web3. Those aiming for free stays would be required to post about their visit, including photos and positive feedback, to receive cashback.

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