ApeCoinDAO proposes to open a Boring Ape themed hotel in Bangkok, Thailand! APE pays room fees and empowers BAYC

This site (120BTc.coM): ApeCoinDAO, the decentralized autonomous organization of the NFT blue-chip project Boring Ape (BAYC) ecological token APE, launched a new proposal AIP-448 on the 19th, planning to launch in Bangkok, Thailand The goal of opening an ApeCoin themed hotel in a prime location in the center is to enhance the exposure of Boring Monkey IP, the popularity and practicality of ApeCoin, and create actual income for DAO.

The current results show that more than 4.8 million APE have agreed to the proposal, with a support rate of 89.47%, and only 565,000 APE voted against it (10.53%). The voting is expected to end at 9 am on August 1.

The community plans to open an APE themed hotel, hoping to increase the popularity of boring apes

According to the proposal description, this APE themed hotel will combine IP applications, art and cryptocurrency, and the hotel rooms will be set up with concepts related to the APE community Themed rooms include APE, BAYC, Otherside, Apechain, and Mocaverse. In addition, it is planned to provide a series of contents: including ApeCoin theme exhibition, APE bar, APE swimming pool, MBA (Made by Apes, on-chain IP verification and authorization tool) theme display area, etc. , comprehensively promote ApeCoin, ApeChain and various APE communities.

Images and logos are for illustrative purposes only, all NFTs are held by the team

Room fees can be paid with ApeCoin

The most attractive part of the proposal to holders is its potential benefits to the ApeCoin ecosystem, officials said After the theme hotel is completed, ApeCoinDAO will receive 50% of the revenue within one year. Funds will be returned to the DAO treasury on a quarterly basis, and the hotel will be responsible for handling fund compliance and settlement.

In addition, the hotel will also accept ApeCoin as a payment method, demonstrating its practicality in the real world and encouraging the circulation and use of ApeCoin. The proposal also proposes to provide free accommodation to APE holders and allow community members to use certain facilities for free... The hotel will also hold events for ApeCoin members every two months to strengthen community participation and connections.

However, the proposal has not yet mentioned who will be chosen as a partner if it is really voted on? After all, running a hotel is a very costly and complex task. At present, it seems more like licensing IP, and more likely cooperating with a local hotel, rather than re-creating and operating it independently.

Expenses

Regarding the expenses, the AIP-448 proposal requires the ApeCoin Ecosystem Fund to provide a total of 410,000 APE to assist in the creation of ApeCoin themed hotels (including exhibitions, room decorations, swimming pool equipment...etc.), at the current currency price of $APE 0.861 Approximately $350,000 in U.S. dollars.

It is worth mentioning that $APE has increased by more than 9.2% from the low of 0.7884 on the 19th (the day the proposal was launched), and has increased by approximately 1.5% in the past 24 hours; however, it is still nearly 65% ​​lower than this year’s high of $2.43.

BAYC floor price has not yet exceeded 10 ETH

And the floor price of the long-dormant Boring Ape NFT has not seen significant improvement in recent days. According to CoinGecko data, the floor price of BAYC is currently about 9.4 ETH (about 33,200 US dollars). Although it has risen by more than 5% this month, it has fallen by 72% in the past year. Compared with the historical high of 153.7 ETH set in May 2022, it has fallen by 93.9%.

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