Members that pay in ApeCoin effectively hand over their ApeCoin DAO vote to Yuga Labs, solidifying Yuga Labs’ influence over the DAO even further. A total of 150 million tokens have been awarded to the corporation, but they remain locked for a year. The creators of Yuga Labs will receive 80 million tokens, which will be frozen for a year. Yuga Labs also has seven Bored Apes and ten Mutant Apes. The retail launch — as well as the transfer of tokens to Yuga Labs — comes just two days before the initial DAO proposals are voted on.
