Huang Licheng: Still waiting for the 11 million APE allocation from AIP-304 to arrive

Huang Licheng (Machi Big Brother) posted on X: "Still waiting for the AIP-304 (11 million APE) allocation to arrive, we are accumulating more legal fees." In September, Huang Licheng launched the AIP-304 proposal in the ApeCoin community, proposing to use 11 million APE to purchase Yuga assets, including NFTs such as BAYC, MAYC, BAKC and Punks, for exhibitions and donations to art institutions to enhance the role of digital art in Spread globally. If the proposal is passed, a new governance token DAM will be launched to select and manage NFT collections. 30% of DAM will be allocated to ApeCoin pledgers within 5 years, and 70% will be used for the treasury, which will be voted by token holders. The collection will contain at least 70% Yuga assets, with 30% optionally used for other mainstream NFTs. The ApeCoin Governance Forum shows that on September 21, the forum administrator Chris.Admin has confirmed below the proposal that the proposal has been passed, and the content of the proposal will be conveyed to the team for implementation. However, according to Huang Licheng’s updates today, it seems that the proposal has not yet been implemented.