Earlier this week, the ApeCoin decentralised autonomous organisation (DAO) announced a proposal to establish an APE-themed hotel in central Bangkok. The proposal has received overwhelming support, with more than 91% of votes in favour, signalling strong approval for the project. Voting on the proposal, known as AIP- 448, started on July 18 and will conclude on July 31.
The proposed hotel will be situated in a prime downtown location, aimed at attracting both tourists and locals. The initiative seeks to elevate ApeCoin’s visibility, enhance the Bored Ape Yacht Club (BAYC) intellectual property and generate significant revenue for the DAO.
AIP- 448 plans to merge intellectual property applications with the hospitality industry, arts, and cryptocurrency. The hotel will feature a variety of ApeCoin-themed attractions and amenities, such as exhibitions, an APE-themed bar and rooms decorated to reflect different APE communities. Additionally, there will be an APE-branded swimming pool and a dedicated exhibition space.
The total cost for this innovative project is 410,000 APE, equivalent to $353,010, sourced from the ApeCoin Ecosystem Fund. To maintain transparency, funds will be managed through a multisig wallet with permissions granted to team members, and detailed expenditure reports will be published every two months.
According to the DAO, the hotel aims to promote ApeCoin, ApeChain and the broader APE communities. The project will also direct 50% of the revenue generated from themed rooms to the ApeCoin DAO treasury for one year and will accept ApeCoin as a payment method to demonstrate the cryptocurrency’s real-world utility.
Community-centric initiatives are a key component of the proposal. These include offering 50 complimentary nights of accommodation to APE holders and free access to certain hotel facilities for community members. The check-in process will be unique for ApeCoin holders, requiring verification of their ApeCoin Forum membership and wallet balance at the front desk.
Guests will be encouraged to share their experiences on the social media platform X, with those seeking free stays required to post about their visit, including photos and positive feedback, to receive cash-back. The AIP team will organise and host events at no additional cost, based on participant sign-ups, ensuring no extra investment or key performance indicators are needed at this stage. The hotel will feature rooms themed around various aspects of the APE community, such as Otherside, BAYC and Animoca Brands’ Mocaverse.
This project highlights the DAO’s commitment to creative endeavours that not only enhance the ApeCoin brand but also offer significant benefits to its community. The ApeCoin Hotel in Bangkok is set to become a landmark for crypto enthusiasts and a testament to the expanding influence of decentralised organisations in real-world applications.
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