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 <p class="is-style-lead">The initiative aimed at bringing more value to the APE token and the ‘wider ecosystem’ is funded by ApeCoin DAO with support from Animoca Brands.</p>
 <p>ApeCoin DAO has made yet another attempt to boost users’ activity around its native token APE by co-launching with Animoca Brands a new program to accelerate projects that “elevate the ApeCoin ecosystem.”</p>
 <p>According to a blog post on Medium, the so-called APE Accelerator initiative was developed and is managed by Forj, a subsidiary of Animoca Brands. The program is said to help visionaries “apecelerate” their APE-focused projects. While the program is described as a “community-driven” <a rel="noopener noreferrer nofollow" title="accelerator" href="https://thebittimes.com/tag/accelerator.html">accelerator</a>, all the applicants will also be judged by a small group of people directly linked to Animoca Brands.</p>
 <p>It is unclear if the program plans to offer funding support. However, those interested in being eligible to participate in the <a rel="noopener noreferrer nofollow" title="accelerator" href="https://thebittimes.com/tag/accelerator.html">accelerator</a> should first buy APE tokens and then put them on a delegate wallet service, the blog post says.</p>
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 <p>APE Accelerator was first suggested in the form of AIP-141 proposal in October 2022 by Forj but then resubmitted as AIP-209 in January 2023, removing Ape Foundation from engagement in overseeing the multi-sig wallet, which is planned for the initiative.</p>
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   <img decoding="async" width="1022" height="737" src="https://cdn.thebittimes.com/images/2023/10/17/a83b0dc037d8e5e3d30c6330ffa27064.webp" alt="ApeCoin DAO launches accelerator to increase APE adoption - 1"> 
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   AIP-209 proposal description | Source: ApeCoin Forum
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 <p>Forj asked the ApeCoin DAO community to allocate 126,616 APE (worth around $480,000 at the time) to develop the program. According to the proposal details, around $130,000 will be used to develop a website, while the other $170,000 will go towards smart contract development and audit.</p>
 <p>The remaining $180,000 was described as “operation cost” for the first six months of development. Although the development team included one front-end developer and other team members like business development, no smart contract specialists or anyone with back-end skills were mentioned in the list.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/apecoin-dao-launches-accelerator-to-increase-ape-adoption-tbt66683.html">https://thebittimes.com/apecoin-dao-launches-accelerator-to-increase-ape-adoption-tbt66683.html</a></p>

ApeCoin DAO launches accelerator to increase APE adoption

TheBitTimes

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