Huang Licheng: The 11 million APE allocation involved in the AIP-304 proposal has not yet arrived.

Huang Licheng announced the progress of the implementation of the AIP-304 proposal on the X platform, saying that funds have not yet been received. It is understood that in September, Huang Licheng initiated 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 spread of digital art across the globe. 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 stakers 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, the proposal appears to have yet to be implemented.