The Shocking Salary Reveal
On June 10, a bombshell dropped in the ApeCoin (APE) ecosystem when Vulkan, the secretary of the ApeCoin DAO, shared an organizational chart detailing the compensation for its leadership. Salaries varied wildly, from a humble $7,000 for creating an org chart to a jaw-dropping $104,000 for being ‘special.’ This revelation sent ripples of shock through the community, prompting calls for accountability and endless memes.
What Exactly Are They Doing?
Community members quickly went on the offensive, questioning how the roles justified such hefty paychecks. Comments poured in like a raging river, with one user wondering what the mystical “special council” produced to earn their monthly $20,000. It begs the question: what mystical powers do these council members possess?
Pay Scale Breakdown
- Creating an org chart: $7k/month
- Managing a forum: $24k/month
- Supervising stuff: $27k/month
- Being “special”: $104k/month
- Watching our bags go down 90%+: priceless
Community Reactions: A Mixed Bag
Feedback from community members ranged from disbelief to humor. One user snarked that while the council jobs might be worth the money, “100k to mod a forum and another to supervise though is lols.” It’s probably not what anyone expected in the crypto scene, where one’s reputation can slice both ways.
Responses from the DAO: Justification or Deflection?
In light of the uproar, ApeCoin DAO board member Yat Siu swooped in with some damage control. He defended the salaries explaining that they reflect the “responsibility and liability of the role.” He emphasized that those involved in the crypto sector often face higher risks, thus justifying the compensation.
Are the Salaries in Line with Industry Standards?
Siu drew comparisons to executive salaries in mid-cap companies, arguing that serving a multi-billion dollar DAO comes with real stakes. Still, skepticism remained palpable as questions about candidates’ qualifications emerged. One community member cheekily asked whether the $20,000 recipients had resumes matching that of a public company director. Siu replied that while not conventional, that’s the beauty of DAOs—they open the door to a new realm of talent, even if it includes a few questionable hires.
