AIP-226 Proposal to Launch Decentralized Event Network by ApeCoin Community

It is reported that the ApeCoin community has launched the proposal AIP-226, which mentions that it will create a decentralized event network, ApeCoinIRL, to attract more Web3 and

AIP-226 Proposal to Launch Decentralized Event Network by ApeCoin Community

It is reported that the ApeCoin community has launched the proposal AIP-226, which mentions that it will create a decentralized event network, ApeCoinIRL, to attract more Web3 and ApeCoin ecosystem users. The network will help the community create small local gatherings, information events, and global expositions and conferences. At the same time, it will build a cutting-edge technology stack integrating the main calendar, Active Directory, CRM and ticketing applications, Ultimately, it becomes the IRL distribution network in DAO. However, the proposal does not seem to have received community support. At the time of writing, the opposition vote was as high as 94.04%, the approval vote was 5.02%, and the abstention vote was 0.94%. The deadline for voting on the proposal is April 13th.

ApeCoin initiated the proposal to create a decentralized event network, ApeCoinIRL, with over 94% of current opposition votes

Introduction

The ApeCoin community has recently launched a proposal, AIP-226, with the aim of creating a decentralized event network, ApeCoinIRL, to attract more Web3 and ApeCoin ecosystem users. The network would facilitate the creation of small local gatherings, information events, and global expositions and conferences. Additionally, it would build a cutting-edge technology stack integrating the main calendar, Active Directory, CRM and ticketing applications, ultimately becoming the IRL distribution network in DAO.

Background

The ApeCoin community, initiated by a group of blockchain enthusiasts, has been striving to develop a decentralized ecosystem that collaborates with investors, developers, and enthusiasts alike. As part of their core philosophy, the community believes in decentralization as the key to democratizing the finance market by providing a trustless and transparent system.

Proposed Solution: ApeCoinIRL

AIP-226 proposes the creation of a decentralized event network, ApeCoinIRL, that offers a platform for organizing events, conferences, and other gatherings. The primary objective is to engage and attract more Web3 and ApeCoin ecosystem users through the creation of a network that is powered by blockchain technology.
The proposed solution features a unique technology stack that integrates the main calendar, Active Directory, CRM and ticketing applications, making it the most advanced and future-ready solution in the market. Furthermore, it offers an opportunity for the decentralized autonomous organization (DAO) to have an IRL distribution network, which will ensure easy accessibility and effective communication for its supporters.

Community Response

However, despite the potential benefits that ApeCoinIRL offers, the AIP-226 proposal has faced opposition from the community, with the current opposition vote standing at an astonishing 94.04%, while the approval vote is at a meager 5.02%, with abstention votes accounting for 0.94%. The community’s controversial response is a reflection of the diverse opinions and the challenging balance between decentralization and centralization.

Reasons for Opposition

The reason behind the opposition is the community’s concern that the proposed technology stack’s high complexity would undermine the efficiency of the system, reducing its attraction and adoption by users. Additionally, the community perceives the proposal as deviating from their core philosophies of decentralization by introducing a centralized approach to event management.
The other reason for opposition is the perception that the proposal requires high capital investment, which could be a significant burden to the DAO. Supporters of the proposal, however, argue that the potential benefits outweigh the costs in the long-term.

Conclusion

The AIP-226 proposal by the ApeCoin community aims to create a revolutionary decentralized event network, ApeCoinIRL, targeting Web3 and ApeCoin ecosystem users. However, the community’s response has been mixed, with the opposition vote currently standing impressively high. Opponents argue that the technology stack is unnecessarily complex and deviates from core philosophies of decentralization, while supporters focus on the potential long-term benefits of the system.

FAQs

1. What is the ApeCoin Community?

ApeCoin community is a group of blockchain enthusiasts interested in developing a decentralized ecosystem and democratizing the finance market by providing a trustless and transparent system.

2. What is the AIP-226 Proposal?

AIP-226 is a proposal by the ApeCoin community to create a decentralized event network, ApeCoinIRL, with the aim of attracting Web3 and ApeCoin ecosystem users by offering a platform for organizing events, conferences, and other gatherings.

3. What is the reason for the opposition to the proposal?

The opposition to the proposal is primarily due to the perceived high complexity of the technology stack, deviation from core philosophies of decentralization, and the potential high capital cost.

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