ApeCoin holders mull proposal for Bored Ape-themed hotel in Bangkok — TradingView News

ApeCoin DAO, the decentralized autonomous organization (DAO) behind ApeCoin, is considering a proposal to launch a Bored Ape Yacht Club (BAYC)-themed hotel in a “prime location” in Bangkok. 

DeSmart, the pseudonymous DAO member who submitted the July 19 proposal, would see a preexisting hotel in downtown Bangkok renovated with several BAYC-themed rooms, an ApeCoin-themed bar, and a swimming pool.

They’re requesting $356,000 in ApeCoin APEUSD tokens to complete the proposed work. DeSmart has previously said that they’ve already 

Outside of pure aesthetics, part of the costs would be to provide a range of benefits for ApeCoin holders, including a total of 50 nights of free accommodation for holders, capped at 1 per holder, which DeSmart said would increase the “visibility and utility of ApeCoin” as well as generate “actual revenue” for the ApeCoin DAO.

50% of the revenue from all of the APE-themed rooms will go back to the ApeCoin DAO for one year after they’re completed, according to DeSmart’s proposal.

To receive one night’s free accommodation, the ApeCoin member would have to show they are a member of the ApeCoin forum, have a balance of more than 1 APE, and publish a promotional X post featuring “pictures of the themed room and any positive experiences or feelings they want to share” to receive a cashback payment for their stay.

Another core feature of the planned hotel would be to accept ApeCoin as payment in a bid to demonstrate “ApeCoin’s applicability in the real world and [encourage] circulation and usage.”

In May, DeSmart said that they’ve already conducted onsite inspections and reached an “intention of cooperation” with a hotel in Khlong San, Bangkok. 

“They are very interested in and supportive of our ideas and proposals and will fully cooperate with our team in implementing this project,” said DeSmart in a post on the ApeCoin forum.