The vote for the dissolution of ApeCoin DAO proposal AIP-596 has closed, with a approval rate of 99.66%

According to a report by Golden Finance, according to snapshot data, the vote on AIP-596, a proposal to dissolve ApeCoin DAO and launch a new entity called ApeCo, has closed. The approval rate is as high as 99.66%, with approximately 0.32% of the votes against and 0.01% abstentions. Yuga Labs co-founder Garga.eth previously reminded that this AIP requires a large number of votes to pass, and it is expected to require 3.5% of all circulating tokens to participate in the vote and an absolute majority of 66% to approve. The proposal aims to further promote the reform of the ApeCoin ecosystem and orderly transfer assets and responsibilities to the new entity ApeCo established by Yuga Labs. It is reported that the new entity team will be composed of Cameron Kates, the current executive director of Ape Foundation, as well as other foundation members and Banana Bill team members.