Bitrabo Editorial
The developers of ApeCoin (APE) are embarking on an exciting project to establish an original hotel in the vibrant city of Bangkok, Thailand. This proposed hotel aims to cater to both the general public and enthusiasts of Bored Ape Yacht Club (BAYC) by offering various amenities such as a swimming pool, a 50-night complimentary stay for coin holders, a dedicated ApeCoin bar, and art sections featuring MBA-themed creations. Additionally, the hotel will feature conference rooms inspired by the Otherside, Apechain, and Mocaverse, promising an immersive experience for guests.
News of the ApeCoin DAO’s plan to open an Ape-themed hotel in central Bangkok has sparked interest. – Smol News
Funding the Vision
The ApeCoin DAO treasury will finance this ambitious venture with a budget of $356,000. Despite the substantial investment required, the community has shown overwhelming support for the idea, with 87.72% of votes in favor. This strong backing highlights the community’s enthusiasm for innovative projects that can enhance the visibility and utility of ApeCoin.
Apecoin’s Real-World Utility
Besides serving as a gathering place for the BAYC community, the proposed hotel aims to generate tangible revenue for the DAO. Projections indicate that the hotel could attract 70,000 tourists annually and plan to allocate half of its earnings back to the DAO treasury one year after opening. This revenue-sharing model underscores the potential for the project to establish a profitable and sustainable business within the crypto ecosystem.
The ApeCoin community is rallying behind the proposal for an Ape-themed hotel in Bangkok, which aims to attract visitors, promote Bored Ape Yacht Club IP, increase ApeCoin visibility, and generate revenue – XGA
The recent uptick of 3.6% in APE’s value over the past week signals a potential recovery. The community is eagerly awaiting the launch of ApeChain, a blockchain platform intended to host all BAYC-related activities on-chain, thereby boosting the value and utility of ApeCoin.
The envisioned Bangkok hotel could serve as a pivotal initial step in demonstrating the practical applications of ApeCoin, potentially reversing recent market downturns. By creating a physical space that embodies BAYC’s values, the ApeCoin community aims to bolster interest and participation in the project, ultimately enhancing the coin’s value and adoption.
This innovative ApeCoin hotel concept bridges the virtual and physical realms, offering vast potential to transform the ApeCoin ecosystem with a clear income-generating strategy and robust community support. The outcome of the community vote on this proposal could set a new standard for integrating practical use cases into cryptocurrency projects, fostering wider acceptance and value in the future.
Featured image from John Morgan/X, chart from TradingView