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ApeCoin DAO Wants to Open a Bored Ape-Themed Hotel in Thailand

22.07.2024 22:00 1 min. read Alexander Stefanov
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ApeCoin DAO Wants to Open a Bored Ape-Themed Hotel in Thailand

ApeCoin DAO is exploring the idea of opening a Bored Ape-themed hotel in Bangkok, aiming to capitalize on the city's vibrant tourism sector.

The proposal, submitted by the pseudonymous DAO member DeSmart, involves refurbishing an existing hotel in central Bangkok to feature BAYC-themed rooms, an APE-themed bar, and a pool.

To fund this project, DeSmart is requesting $356,000 worth of APE tokens. The plan includes offering 50 free nights to ApeCoin holders, with one night per holder, to boost ApeCoin’s visibility and utility. Additionally, 50% of the revenue from the themed rooms will be returned to the ApeCoin DAO for a year.

To qualify for a free night, ApeCoin members must prove their membership, maintain a balance of more than 1 APE, and post a promotional tweet about their experience.

The hotel will also accept ApeCoin as payment, demonstrating its real-world applicability and encouraging its use. DeSmart has already engaged with a hotel in Bangkok’s Khlong San area, which supports the initiative.

Currently, 90% of the ApeCoin DAO members support the proposal, with voting concluding on August 1. The most costly elements of the project are the rooftop bar and pool, estimated at 100,000 APE tokens, or $87,000.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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