ApeCoin holders oppose proposal to spend $12.1 million worth of APE for NFT series

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ApeCoin holders oppose proposal to spend $12.1 million worth of APE for NFT series
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The ApeCoin community of holders are voting on a proposal to acquire Non-Fungible Token art – Bored Ape Yacht Club (BAYC), Mutants, TBD Doggies and Pu

nks – for 11 million APE tokens. Currently, the opposing vote is in the lead, and the process ends on September 21.community spent nearly two months discussing the AIP-304 proposal initiated by Huang Licheng, also known as “machibigbrother.eth”. The idea is to spend 11 million APE tokens, worth approximately $12.1 million, to create a digital art movement collection.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents.

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