ApeCoin DAO mulls APE staking delay, addition of bug bounty pr | Apecoin_VeChain_Elrond
ApeCoin DAO mulls APE staking delay, addition of bug bounty program
The ApeCoin DAO is considering whether to push back the launch of NFT and ApeCoin (APE) staking in order to allow for a bug bounty program. The bounty program would allocate 1 million APE ($4.5 million) to potential bounties and last 2-4 weeks, according to the proposal by ApeCoin DAO Special Council. ApeCoin staking is one of the biggest upcoming launches for the BAYC community. Holders of Bored Apes and Mutant Apes will be able to stake their NFTs and large amounts of ApeCoin in order to receive staking rewards. Over the next three years, 175 million ApeCoin ($794.5 million) will be distributed to stakers. The core idea with the proposal is that a bug bounty program would provide more reassurance to ApeCoin holders.
