More on AIP-4 and AIP-5
To further decipher as to why the two AIPs are not popular with the ApeCoin and Bored Ape NFT communities, a deep review of each is needed.
According to the ApeCoin forum, AIP-4 proposes the following assets eligible for staking: ApeCoin, BAYC, MAYC and BAKC NFTs.
However, a BAKC NFT cannot be committed on its own. It must always be paired with a BAYC or MAYC, which in turn cannot be paired with another BAKC.
Additionally, AIP-5 proposes 17.5% of ApeCoin’s total supply to be allocated to the staking pool. This amount will be funded by the Ecosystem Fund and distributed over the total staking period of three years as follows:
- 1st Year: 100,000,000 ApeCoin tokens (10.0% of the total ApeCoin supply)
- 2nd Year: 50,000,000 ApeCoin tokens (5.0% of the total ApeCoin supply)
- 3rd Year: 25,000,000 ApeCoin tokens (2.5% of the total ApeCoin supply)
[Feature image courtesy of Pixabay]
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