Sandbox DAO Debates 100,000 ApeCoin Purchase for Cross-DAO Framework
The Sandbox DAO has introduced proposal SIP-20 to establish cross-DAO collaboration, starting with a plan to purchase 100,000 ApeCoin tokens. However, the initiative has faced significant criticism from community members questioning its timing and approach, while also presenting a structured framework for future DAO-to-DAO interactions.
A member, AndyRitchy, challenged the proposal's fundamentals: "Shouldn't we focus on creating a stable active DAO of our own before selling tokens to acquire voting power in other DAOs?" This criticism points to concerns about The Sandbox's organizational priorities. Another member, identified as DAO in the discussion, strongly opposed the token-based approach: "Speaking as a BAYC, $APE, Otherside LAND, $SAND, and TSB LAND holder myself, I DO NOT want both families co-mingling in each other's business."
The proposal, authored by Katherine Webb and Cedric Lion from Animoca Brands' Tokenomics Team, requests up to 312,500 SAND (approximately 250,200 SAND plus 25% buffer) for acquiring ApeCoin tokens. The budget also includes allocation for two ENS domain purchases, with each domain estimated to cost 2 xETH in USD equivalent and requiring 120 SAND per domain. The team plans quarterly progress reports to maintain transparency.
The implementation framework consists of three main phases. First, the proposal must receive approval through a Snapshot vote with a clear majority. Second, ApeCoin acquisition must be completed within one month of SIP approval. Third, the governance infrastructure setup includes creating a dedicated Snapshot subdomain for The Sandbox community to participate in ApeCoin DAO governance.
Community member Gonzosolo raised concerns about leadership and accountability: "It's not bad for it to be a 'community-led effort,' but it would be good to have a specific person or group responsible." They added that "the KPIs are too ambitious for there to be no one in charge, and too unambitious if someone gets paid." The proposal sets several performance targets, including achieving 80% voting participation from The Sandbox DAO main quorum, attracting 100 new members to the Snapshot subdomain, and launching one joint initiative with ApeCoin DAO within 12 months.
The risk analysis section identifies several challenges. Treasury depreciation carries a medium-high impact risk, while limited governance impact is rated as medium-low. The proposal also acknowledges potential issues with unclear return on investment (medium-medium) and community pushback (medium-medium). To address these concerns, the team has proposed specific mitigation strategies, including maintaining transparency in token transactions and focusing on meaningful participation rather than governance dominance.
Lanzer, another community member, questioned the mechanics of delegated voting: "Who are the delegated voters? Can you explain how the connection is going to work between an individual MAYC/BAYC and SAND?" ZeroMedoDeCrypto responded by outlining that participation would primarily occur through the TSB APE sub-forum, where discussion and debates about each AIP would take place within the Sandbox community.
Current voting results show 75.78% No votes, 15.46% Yes votes, and 8.75% Abstain, indicating significant community resistance to the current proposal format.
