Demid

bayc otherside ethereum:0x4d224452801aced8b2f0aebe155379bb5d594381

Today we're making changes to ApeCoin. Yuga Labs and ApeCo (fka Ape Foundation) coordinate, but operate in parallel. To keep the orgs and leaders in sync, a coordination tax is paid in additional handoffs and added decision-making checkpoints. This made sense when the lack of regulatory clarity forced crypto to contort into strange formations just to ship. That era is over, and we need to reset from first principles. Simpler, with less coordination tax. Cam helped build and lead ApeCo, and he’s fully aligned with me on this reboot. With the reset, the separate ApeCo lead role no longer makes sense in the same way. Cam is stepping down from that role. The core ApeChain tech and BD teams will now work directly with Yuga, so the chain and its partners will be well served. Some other members of ApeCo will be departing - they’re really great people and we’re thankful for their hard work. This transition will be complete by June 5th. ApeCoin should not feel like a separate bet from all the other progress Yuga is making with its brands. Everywhere else we are building holders with real conviction and ApeCoin will be no different. So I’m currently planning a roadshow in June with key and prospective partners, exchanges, investors, institutions and community members in Hong Kong, Shanghai, Taipei and Seoul. We’re going to show up in person and build the relationships that move BAYC, Otherside, and ApeCoin forward together. This is a first step, but not the only step.

so let me get this straight in the last cycle people didn’t know whether or not launching a token would be totally chill or would be totally jail because the SEC wasn’t willing to establish modern rules so to be safe don’t launch a fungible token in a US jurisdiction get really good lawyers who will tell you how to navigate a mission impossible laser room of jurisdictions so you don’t get in trouble with your little coin then someone you don’t know and will never meet will launch your token’s smart contract in BVI or Panama or wherever it’s chill to do that so ‘you’ didn’t launch it for tax purposes the token will get appraised at de minimis so you don’t get fucked on taxes with a fortune of phantom income at tge treasury is managed off-shore by a ‘Foundation’ put a DAO in front to advise the Foundation on how to distribute a token by voting on different proposals people organize beauracratize and participate in a pure democracy where the richest people have the most votes and winners get free money? but at least that’s a reason to buy the token builders try really hard get disillusioned by proposals get scorned by other participants get blamed when its not working pitchforks dissolve dao but then rich people holding tokies to control the ballot have no reason to hold market sell price down only everyone jaded all because navigating a grey zone legal landscape from washington beaureaucrats who didn’t want to set a clear policy tokie ATL but now new leadership is autistic at simplifying and thinks a bunch of shit doesn’t make sense and is going to tear down and rebuild and streamline everything until its coherent did I get that right?