ApeCoin DAO votes to open APE-themed hotel in Bangkok

Earlier this week, the decentralized autonomous organization ApeCoin launched a proposal to open an APE-themed hotel in central Bangkok.

More than 91 percent of the votes were yes, indicating strong support for the hotel’s opening.

Screenshot of AIP-448 proposal | Source: ApeCoin DAO

Voting for the ApeCoin (APE) hotel, initially called AIP-448, began on July 18.

At press time, 4.6 million APE voted “yes” while 411k APE voted against the launch. Those against represent 8.16% of the total votes cast.

AIP-448 will reportedly combine intellectual property practices, the hospitality industry, the arts, and cryptocurrency. The proposed hotel reportedly plans to offer a variety of ApeCoin-themed attractions and amenities.

The establishment may feature ApeCoin-focused exhibits, an APE-themed bar, and various rooms decorated to represent different APE communities.

There may also be an APE-branded swimming pool and a special area for exhibitions.

ApeCoin Hotel is requesting 410,000 APE from the ApeCoin ecosystem fund to make the proposal happen, and voting will end on July 31.

ApeCoin hotel benefits

According to the DAO, ApeCoin Hotel aims to comprehensively promote ApeCoin, ApeChain, and various APE communities. The DAO stated that the initiative aims to bring numerous benefits to APE community members.

The DAO proposed that 50% of revenue from themed rooms be funneled into the ApeCoin DAO treasury for one year. Second, the hotel could accept ApeCoin as a payment method, which proponents claim would demonstrate the cryptocurrency’s real-world utility and potentially increase its circulation.

The hotel project also plans to incorporate various community-centered initiatives, including offering 50 free nights of accommodation to APE holders and providing free access to select hotel facilities for community members.

Additionally, the proposal outlines a unique check-in process for ApeCoin holders at a themed hotel. Guests are reportedly required to verify their ApeCoin Forum membership and wallet balance at the front desk.

Guests are encouraged to share their experiences on X. Those claiming a free stay must post photos and positive feedback about their visit to receive cash back.