Board member Yat Siu answers community concerns on ApeCoin DAO salary payouts
One community member described the salaries as "insanely out of touch," while another Twitter user accused those who established the rates of being "disconnected from reality."
The leaders of the decentralized autonomous organization (DAO) governing the ApeCoin ecosystem have been criticized by community members for what they described as “insane” salaries after the sums were published in an organizational chart.
On June 10, the ApeCoin DAO secretary who goes by “Vulkan” published an organizational chart on Twitter, detailing the salaries of the DAO’s leadership. This showed salaries ranging from $7,000 per month to $75,000 per month, sums that shocked some community members and prompted a slew of inquiries from several.
creating an org chart: $7k / month
— Michael (@MiKeMeUpP) June 11, 2023
managing a forum: $24k / month
supervising stuff: $27k / month
being “special”: 104k / month
watching our bags go down 90%+: priceless
there’s some things $APE can’t buy. for everything else, there’s ApeCoin DAO. pic.twitter.com/Qla0Gspe2d
A Twitter user described the salaries as “insane” and said that the DAO may be “burning cash on nothing.” According to the community member, they had no idea what the “special council” is doing to deserve $20,000 per month.
In the org chart, it said that the so-called “special council” is in charge of administering DAO proposals. Because of this, the Twitter user also asked the community if anyone can remember whether any proposals were passed in 2023.
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