A member of the community called the salaries “insanely out of touch,” while a Twitter user charged that those who set the rates were “disconnected from reality.”
Community members have criticized the decentralized autonomous organization (DAO) of the ApeCoin ecosystem’s leaders for what they view as excessive pay. The community received questions and concerns after the published organizational chart indicated monthly incomes ranging from $7,000 to $75,000.
One Twitter user questioned the value given by the “special council” members earning $20,000 a month, calling the salaries “insane” and expressing disbelief at them. They questioned whether any plans had been approved in 2023 and cast doubt on the council’s ability to manage DAO proposals.
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Michael, a different member of the community, agreed that if done properly, the council positions may be justified for the right people. However, they thought it was funny that someone would get paid $100,000 to regulate a forum and that someone else would be in charge of things.
![ApeCoin DAO Board Member Yat Siu Responds to Community Concerns Over Salaries image 104](https://i0.wp.com/nosisnews.com/wp-content/uploads/2023/06/image-104.png?resize=742%2C278&ssl=1)
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Yat Siu, a member of the ApeCoin DAO board, responded to the community’s worries on Twitter by claiming that the compensation is in line with the level of duty and obligation entailed with the roles. The bitcoin and Web3 sectors are not an exception, according to Siu, who explained that different industries pay larger amounts because of risk and liability.
Siu emphasized the significance and duty of care in serving a multi-billion dollar DAO by drawing comparisons between the roles of the special council and executives in mid-cap firms who receive comparable pay. He admitted that these positions carry significant and genuine risks and liabilities.
The Twitter discussion clarified the justification for the salary and made an effort to support it by citing the perceived obligations and dangers of the special council seats within the DAO.
Related: Should Bored Apes or other NFTs be regulated as securities?