According to online reports, according to Snapshot data, voting on AIP-596 on the proposal to dissolve ApeCoin DAO and launch a new entity for ApeCo has been closed, with a approval rate of 99.66%, a disapproval rate of approximately 0.32%, and an abstention of 0.01%. Garga.eth, co-founder of Yuga Labs, previously warned that this AIP requires a large number of votes to pass. It is expected that 3.5% of all circulating tokens will be required to vote and an absolute majority of 66% will be required. The proposal aims to further advance the reform of the ApeCoin ecosystem and the orderly transfer of assets and responsibilities to ApeCo, a new entity established by Yuga Labs. It is reported that the new entity team will be composed of Cameron Kates, current executive director of the Ape Foundation, and other foundation members and Banana Bill team members.