Bitrabo Editorial
ApeCoin’s Web3 group, ApeCoin DAO, is facing criticism over concerns about high payouts and a perceived lack of community engagement. Critics are objecting to substantial salaries and fees up to $75,000 per month awarded by the DAO to its board leadership. These compensation practices have drawn attention and led to discussions about the organization’s commitment to its community members.
The controversy began when the ApeCoin DAO’s secretary called “Vulkan” shared an organizational chart on Twitter, revealing the salaries of DAO’s leadership. A Twitter user questioned the purpose of the “special counsel” and was unaware of any contributions justifying a $20,000 monthly salary. Another commentator raised another question about the $8,000-monthly salary for moderators.
Board Member Yat Siu Responds to ApeCoin DAO Payout Criticism
These comments highlighted doubts about the compensation criteria for particular organizational roles. Another critic noted that the leadership seemed disconnected from the realities and expectations of the community. The controversy surrounding ApeCoin DAO’s salaries and positions has sparked a meaningful discussion in the Web3 community, emphasizing decentralization and DAOs’ functionality. This discussion has prompted reflection and analysis of decentralized governance.