Five Initial Proposals of the ApeCoin DAO End Voting, $APE Token Staking and Allocation Proposal Failed

Five initial proposals for the ApeCoin DAO have closed, with the $APE token staking and allocation proposals (proposals 4 and 5) failing. These two proposals proposed the creation of an $APE token incentive pool that would have allowed BAYC Ecosystem NFT holders who staked $APE to receive awards of $APE tokens, and the rewards during this staking period would be released over a three-year period.