AIP Name: AIP-350: Shaping Success: Building a Stronger Future with new Special Council Pay
Implementation Status: Complete
Implementation Date: 11/06/2023
Author: @BoredApeG
Co-Author: @CaptainTrippy
Co-Author: @Gerry
Co-Author: @Waabam
Co-Author: @veratheape
Abstract Summary: The Special Council of the APE Foundation provides, at the behest of the ApeCoin DAO members, stewardship and oversight of the APE Foundation.
Detailed Special Council job responsibilities are found here:
To shape long-term success, our community needs to continuously attract top talent who are both aligned and effective at serving the vision of ApeCoin DAO.
The ApeCoin community has indicated the desire for the opportunity to provide input on the appropriate payment for ApeCoin Special Council.
This AIP would give the community that opportunity, by providing a number of possible payment options for the community to choose from.
These payment options could include payment paid partially in $APE, with the $APE amounts being calculated based on the price of $APE on the first day of the Special Council member’s term, and vesting on the 1-year anniversary of such term.
Overall Cost: Special Council pay reduced to $125,000 USD
Related AIPs: AIP-1: Proposing the DAO - Process & AIP-138: The Special Council Election Process
Timeline Updates: This proposal was Implemented immediately upon passing, beginning with the Special Council terms which began January 1st, 2024.
Interview Q&A: