The ApeCoin DAO has voted to approve a $4.4 million bug bounty program with ethical hacking platform Immunefi, aiming to guard its upcoming token staking mechanism from hacks. ApeCoin is a decentralized autonomous organization (DAO) that oversees the development of apecoin, a token used within Yuga Labs. According to a snapshot vote that ended today, ApeCoin DAO members approved a proposal titled AIP-134, a funding request of 1 million APE ($4.4 million) for the bounty program to go live on an ethical hacking platform called Immunefi. Under the bounty program, researchers on Immunefi’s platform will win rewards for finding software flaws.
ApeCoin DAO approves 44 million bug bounty program on Immunefi
