THE APES FOUNDATION

The APES Foundation is the steward of APE TOKEN. It is not an overseer, but the base layer on which APE TOKEN holders in the APE TOKEN DAO can build.The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. It is tasked with administering the decisions of the APE TOKEN DAO, and is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community’s ideas have the support they need to become a reality.The goal of the APES Foundation is to steward the growth and development of the APES ecosystem in a fair and inclusive way. It utilizes the Ecosystem Fund, which is controlled by a multisig wallet, to pay its expenses as directed by the APE TOKEN DAO and provides an infrastructure for APE TOKEN holders to collaborate through open and permissionless governance processes.