This AIP proposes replacing AIP-1 and AIP-2 and guiding the ApeCoin DAO to a drastically more effective governance process by removing administrative layers and moving more decision-making on-chain. This proposal would place more autonomy and power into the hands of the ApeCoin DAO, while focusing the DAO’s efforts on growing ApeChain.

Key Points:

1. DAO Treasury:

• On-chain DAO treasury using Governor Bravo contracts
• 75/25 split
• 75% of total treasury placed on-chain for the ApeCoin DAO
• 25% of total treasury provided to Ape Foundation for its Administrative Budget
• Power directly in hands of ApeCoin DAO

2. ApeChain Protocol Upgrades:

• On-chain protocol upgrades and updates using Governor Bravo contracts, governed by the ApeCoin DAO

3. Creating the Executive Director role and clarifying the role of Special Council:

• Establishing an Executive Director of the APE Foundation, responsible for driving ApeChain’s growth and enhancing ApeCoin’s value.
• Creating an Audit Committee, to provide oversight over the Executive Director and the APE Foundation budgeting and finances.
• Clarifying that Special Council members are no longer involved in the AIP process, and current Special Council terms will be extended by 6 months to provide continuity and guidance in light of this governance revamp.

4. Replacing AIP-1 and AIP-2, and adopting the ApeCoin DAO Constitution (see below in the “Benefit to ApeCoin Ecosystem” section).

BENEFIT TO APECOIN ECOSYSTEM

1. On-Chain DAO Treasury:

a. Splitting the treasury (and locked APE streams) in a 75/25 split: i. 75% of the treasury and unlocking APE will be directed to an on-chain DAO treasury contract, which will be controlled directly by the ApeCoin DAO. ii. 25% of the treasury and unlocking APE will be directed to the Ape Foundation for its Administrative Budget, which will be utilized to build and maintain ApeChain, and to support the administrative needs of the ApeCoin DAO.

b. DAO-Controlled Drip Contract: In order to keep in line with transparency, decentralization and accountability to the ApeCoin DAO, the 25% treasury split for the Administrative Budget will be held in a multi-sig, over which the ApeCoin DAO will hold an admin key and be able to “clawback” such funds and send them to the DAO treasury contract.

c. Of the funds in the DAO-Controlled Drip Contract, 2,500,000 APE will immediately be claimable by the Ape Foundation, while the remainder will “drip” along a monthly scheduled rate of 18 months, which will be able to be claimed by the Ape Foundation.

d. The timer on the 18 month DAO-Controlled Drip Contract starts when the treasury moves on-chain.

e. The monthly unlocks of $APE which accrue to the DAO each month according to the ApeCoin tokenomics will also be allocated at a 75/25 split between the DAO treasury and the Ape Foundation Administrative Budget. These unlocks will also be sent to a DAO-Controlled Drip Contract, and will “drip” over 18 months, with the timer starting when the treasury moves on-chain.

2. On-Chain Protocol Upgrades and Updates:

a. The ApeCoin DAO, and the Security Council (as introduced below), will be given “chain owner” privileges over ApeChain, having the power to directly propose, vote on and implement ApeChain upgrades and updates.

3. Introduction of the Security Council:

a. With the mainnet launch of ApeChain, security should be the utmost priority for the ApeCoin DAO. Given that the governance process is subject to a timeline unfit for quickly addressing emergency situations, it is critical that there be a fail-safe to quickly and immediately react to potential security threats to ApeChain.

b. To address this issue, a democratically elected Security Council will be empowered to implement certain Emergency and Non-Emergency Actions, as described further in the Constitution of the ApeCoin DAO.

4. Introduction of the Executive Director and Audit Committee, and clarifying the) role of Special Council:

a. Establishing an Executive Director of the APE Foundation, responsible for driving ApeChain and ApeCoin ecosystem growth.

b. The Executive Director will be hired via a transparent process overseen by Special Council, Foundation Directors and the Audit Committee.

c. Establishing an Audit Committee, composed of holders of at least 10,000,000 ApeCoin, which will be responsible for providing oversight of the Executive Director. This Audit Committee will have the authority to perform a quarterly audit of the budget and finances of the APE Foundation. The Audit Committee will also have the authority to remove an Executive Director.

d. Rather than serving as the last filter before an AIP is put up for vote by the ApeCoin DAO, the Special Council’s Administrative Review will no longer be a prerequisite for an AIP to go to vote by the ApeCoin DAO, and the Special Council will instead act purely as ambassadors of the ApeCoin DAO once on-chain governance has been implemented. This would include advocating for the ApeCoin DAO and the ApeCoin ecosystem, educating others outside of the DAO and providing advice and guidance to members of the DAO and Foundation. Upon the passage of this AIP, for the sake of continuity and in light of a monumental change to the ApeCoin DAO governance system, the current Special Council members’ terms will each be extended for 6 months

e. Once on-chain voting has begun and the Executive Director is hired, Special Council compensation will be changed from the current $125,000 per year, to 100,000 $APE per year. Responsibility for the selection, appointment and compensation of the Executive Director would be left to the Special Council, Directors, and Audit Committee.

f. Responsibilities previously assigned to the Special Council will be reassigned to the Executive Director. With the passage of this AIP, AIP-454 will be amended to remove references to the Special Council and instead replace their final oversight role with the directors and administrators of the Ape Foundation.

By adopting the below proposed Constitution, inspired directly by the ArbitrumDAO Constitution, the ApeCoin DAO will be empowered to have a stronger voice and on-chain authorities and powers to shape the future of the ApeCoin ecosystem and ApeChain.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = $100,000 one-time cost + $275,000 per year.

Estimated cost of building DAO governor contract, audits, and on-chain voting UI: $100,000

Each Security Council member shall receive $25,000 per year. There are 11 Security Council members proposed. The total cost of which would be $275,000.

Breakdown of Treasury Allocations:

Total APE unlocked & available: 19,342,665.34

Total APE locked: 110,156,250

Unlocked allocations if treasury split occurred today:

• Administrative Budget: 4,835,666 $APE
• DAO Treasury: 14,506,999 $APE

Locked allocations if treasury split occurred today:

• Administrative Budget: 27,539,062 $APE

• DAO Treasury: 82,617,187 $APE

All figures current as of January 15, 2025. Note that the Administration Budget allocations are subject to an 18 month drip contract, with the timer starting from when the treasury moves on-chain. *Available means not currently allocated to a grant via an approved AIP. **Locked refers to the $APE which is still locked and which unlocks monthly according to the ApeCoin tokenomics unlock schedule.

PROPOSAL

Link to the full proposal: (https://forum.apecoin.com/t/aip-582-apechain-on-chain-apecoin-dao-governance-revamp/26936)

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.

Disclaimer: Due to the recent approval of AIP-436, all AIPs requesting an allocation denominated over US$250,000 will require a super majority approval of 69% of the total number of votes cast. The Foundation has already begun coordinating to develop our new Snapshot strategy to automate these new decision making guidelines, however, we will ensure compliance with this guideline manually in the interim.

This AIP falls above that threshold and will require 69% of votes to be approved.

Video: APE_PROPOSAL_VIDEO_02.mp4 - Google Drive

DecentStudio

@DecentStudio_io

Thrilled to inform that we’ve submitted a proposal to @apecoin DAO. Some lucky @BoredApeYC holders are in for something special! Apes Together Strong. Link in the next post pic.x.com/mqcogwr9p6

BENEFIT TO APECOIN ECOSYSTEM

This proposal directly benefits the ApeCoin ecosystem by enhancing community engagement and attracting new members through captivating promotional content using official BAYC’s 3d models. By showcasing the unique aspects of the Ape community, the videos will align with the APE Community’s core mission of fostering creativity, collaboration, and inclusivity. The “Bring PFP to Life” feature further enriches the user experience, making the community more interactive and immersive, which in turn can increase the utility and appeal of ApeCoin within the ecosystem.

Each 30-second video becomes a mini-advertisement for ApeChain, showcasing its logo at the corner of the video.

For the ApeChain community and BAYC-holders, this is a chance to learn about content creation using BAYC’s 3d models and digital storytelling, fostering a more skilled and engaged user base.

The videos may be used before and during ApeFest. The inclusion of ApeChain branding ensures that the chain will be at the forefront of this exposure.

With this grant, we help ApeChain community members by covering the initial fee and giving them the opportunity to order additional videos at a much lower price. The cost of integrating the model with our technology and producing the first animated video is estimated at $200. After the BAYC 3D model is integrated into our system, each additional 20-second video for any 3D model will cost $10.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = $5,000.

25x $200 to properly rig the model, set up the video pipeline in our technology, and deliver a 30-second animated video.

PROPOSAL

Link to the full proposal: (https://forum.apecoin.com/t/aip-525-promoting-the-ape-community-through-engaging-promotional-videos-featuring-the-bayc-3d-model/25474)

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.

90’s Banana: During NFT Paris 2024. A nostalgic event blending crypto culture with 90s themes by @BananaconfXYZ with The Nizzar, Sander the Ape.

Degens in Paris: During NFT Paris 2024 with F*ck it Productions and the Mutant Cartel.

SINGE®: Franken Bombay release party with @dim8765 and his amazing lifestyle brand from the swamp @Singe_int.

Flexible Offer for ApeCoin, BAYC, and MAYC Holders:

• Free Drink on Event Days: Holders of ApeCoin, BAYC, or MAYC can enjoy a free drink during our “Decentralized Drinks” events every Wednesday. We will verify ownership using TokenProof, and will not require any connections to the blockchain to enter the events.

• Discounts on Non-Event Days: On days when there isn’t a scheduled event, we will offer a 15% discount on all classic drinks to anyone holding ApeCoin, BAYC, or MAYC.

Additionally, we plan to implement a Proof of Attendance Protocol (POAP) system during our events. This will allow us to track attendance and gather valuable data on the beverages offered, which will be monitored through our till system. This approach ensures transparency and provides insights into customer engagement, helping us optimize our offerings and the overall experience. We will only collect essential data necessary for the functioning of our service (email, X accounts, Addresses for POAP, etc.).

This event is not just a gathering; it’s a movement to connect, educate, and celebrate the ever-growing crypto ecosystem in a vibrant and inclusive environment.

BENEFIT TO APECOIN ECOSYSTEM

Increased Visibility: Position ApeCoin at the heart of Paris, attracting both locals and travelers, and establishing Le G Five Bar as a key meeting point for the ApeCoin community.

Community Engagement: By sponsoring these events, ApeCoin becomes directly involved in weekly interactions with the community, fostering stronger bonds and loyalty.

Promoting Builders: The event will feature a dedicated “Made by Apes” booth, giving creators within the ecosystem a platform to showcase their work, thus driving innovation and collaboration.

Token Adoption: By accepting ApeCoin as a payment method and offering incentives like free drinks for BAYC and MAYC holders, we promote the practical use and adoption of ApeCoin in real-world scenarios.

OVERALL COST

Total Amount Requested from the ApeCoin Foundation: €30,200

• Requests to ApeCoin Foundation:
  • Funding of €30,200 to cover the total cost of implementing the proposal.
  • Promotion support on community discussion platforms and the ApeCoin website.

Budget Summary: The budget includes costs for drinks, merchandising, booth creation, and a customized neon sign, ensuring the successful execution of weekly Decentralized Drinks events and effective promotion of the ApeCoin/ ApeChain ecosystem.

Budget Breakdown:

Free drinks for BAYC/MAYC Holders: Number of Free Drinks per Event: 50 drinks Number of Events per Year: 52 weekly events Cost per Drink: €6.50 Total Drink Cost per Event: 50 drinks x €6.50 = €325 Total Drink Cost for the Year: 52 events x €325= €16,900 Merchandising and Goodies: Total Cost: €5,200 Made by Apes Booth Creation: Total Cost: €2,000 Customized Neon Sign (“ApeCoin Accepted Here”): Total Cost: €400 NFT Paris Side Event: Drinks: €2,600 DJ: €1,000 Performers: €1,000 Camera Crew: €1,100

Summary of Total Budget:

Drinks for BAYC/MAYC Holders:€16,900 Merchandising and Goodies:€5,200 Made by Apes Booth Creation: €2,000 Customized Neon Sign: €400 NFT Paris Side Event Drinks: €5,700

PROPOSAL

Link to the full proposal: (https://forum.apecoin.com/t/aip-513-decentralized-drinks-paris-powered-by-apecoin/25448)

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.