0xFE57…8066
Past Votes
AIP-582: ApeChain, On-chain – ApeCoin DAO Governance Revamp
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.
PROPOSAL DESCRIPTION
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:
- 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
- ApeChain Protocol Upgrades:
- On-chain protocol upgrades and updates using Governor Bravo contracts, governed by the ApeCoin DAO
- 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.
- 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:
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Administrative Budget: 27,539,062 $APE
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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.
AIP-526: A Banksy Collection that Yields APE | The APEIC Series
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.
PROPOSAL DESCRIPTION
Phase I: APEIC NFT | The Exclusive VIP Access to Fine Street Art for the APE Community
The APEIC Series is a monumental collaboration between Kite and ApeCoin. This series consists of NFTs linked to limited edition, signed, and numbered prints, merging high-end physical art with blockchain technology.
APEIC NFTs serve as premium membership keys to Kite, a web3 art studio created to curate and tokenize masterpieces from artists like Banksy, Stik, and KAWS. These masterpieces will be displayed in global galleries, while fractional ownership of the tokenized works generates returns in APE, claimable through the Kite member area.
Phase II: Banksy on ApeChain | The First Mint of a Banksy in the Kite Studio
APEIC NFT holders will receive a share of a highly prized Banksy piece and have first rights of refusal to purchase fractions of future tokenized works curated by Kite. These fractionalized works will yield returns in APE from offline rental revenue.
Phase III: Beyond Banksy on ApeChain | Building the Legacy for the Ape Community
Kite Studio will continue curating exclusive fine art for the ApeCommunity, expanding into mainstream audiences, with all works revolving around the vibrant ecosystem of APE.
BENEFIT TO APECOIN ECOSYSTEM
Art Access & Original Signed Prints
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Limited Edition release: The first collection includes 250 APEIC NFTs in 10 sets of 25 unique colorway combinations. Each NFT is an exclusive membership key, granting access to exclusive benefits and curated collections.
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Physical Art: Each APEIC NFT holder will have the opportunity to purchase a super scarce, numbered print of their NFT at a unique rate, allowing them to display a physical version of the limited-edition artwork at home.
Banksy Fractions Yield APE
- APEIC NFT holders will receive a free share of a highly prized Banksy piece and have first rights to purchase future fractionalized Banksy artworks, all tokenized on ApeChain and yielding returns in APE.
Global Brand Awareness
- Events & Marketing: The APEIC Series will be showcased during globally recognized events like Art Basel Miami and Frieze, placing ApeCoin in the spotlight as it blends Web3 with the fine art world. High-impact marketing efforts, including behind-the-scenes content, will enhance awareness and engagement.
Community Engagement & Governance
- Membership Key & Access: Holders of APEIC NFTs will gain early access to future collections, governance roles in upcoming projects, and invitations to exclusive private events, exhibitions, and artist meet-and-greets.
OVERALL COST
Total Requested Amount: $450,000 USD
Milestone-Based Tranches:
- Phase I: Platform Development & Initial APEIC Drop ($125,000 USD)
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Development:
- Building the foundational platform on ApeChain for NFT minting and art tokenization.
- Developing core governance and membership features.
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Marketing and Community Engagement:
- Initial community outreach and strategic marketing for APEIC launch.
- Production and logistics for physical art prints associated with the NFTs.
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Milestone:
- Successful deployment of the Kite platform.
- Successful launch of the APEIC NFT Series (250 NFTs).
Disbursement: Upon Grant Approval. 2. Phase II: Banksy on ApeChain & Global Exhibitions ($150,000 USD)
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Art Curation & Production:
- Fractionalization and tokenization of the first Banksy piece.
- Organizing logistics for the display of the APEIC Series during Art Basel Miami and Frieze.
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Event Execution:
- In-person art events to raise awareness and engagement.
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Milestone:
- Successful fractionalization of Banksy art.
- Free giveaway of Banksy pieces to the APE community.
- Debut of the APEIC Series at two global art fairs.
Disbursement: Upon completion of phase 1 3. Phase III: Expansion & Community Scaling ($100,000 USD)
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Scaling of Platform Infrastructure:
- Integration of secondary trading features and global scaling.
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Community Rewards & Marketing:
- Launch of secondary collections curated by Kite studio and integration of additional artists.
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Milestone:
- Deployment of a secondary trading platform.
- Successful fractionalization of at least 3 subsequent editions.
Disbursement: Upon completion of phase 2.
- Phase IV: yield APE & scale impact ($75,000 USD)
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Full version of Platform:
- Deploy end to end user journey including yields distribution .
- Community Rewards & Marketing:
- Expand artists network and regional impact.
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Milestone:
- Successful distribution of the first yields on APE Chain
- Successful fractionalization of at least 3 additional editions.
- Disbursement: Upon completion of phase 3.
PROPOSAL
Link to the full proposal: (https://forum.apecoin.com/t/aip-526-a-banksy-collection-that-yields-ape-the-apeic-series/25968)
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.
AIP-511: ApeMania: The rewarding playground for the Apes and ApeCoin Ecosystem
PROPOSAL DESCRIPTION
ApeMania is an innovative, on-chain gaming platform designed to bring a new level of excitement and earning potential to the ApeCoin ecosystem. By combining the thrill of lottery-style games with the power of yield-generating ApeCoin staking, ApeMania offers users a unique opportunity to engage in entertaining, provably fair gameplay with low entry and have a chance to win lucrative rewards daily and weekly. The platform leverages VRF for transparency and fairness, and staking pools with auto-compounding, ensuring that users achieve the highest possible yields. ApeMania is designed to enhance the utility of APE tokens, create value for BAYC/MAYC NFT holders, and contribute to the growth of the ApeChain ecosystem.
Ape4D:
Gameplay: A no-loss 4D lottery that allows participants to engage with small entries and win big rewards.
Entry Requirement: Players can participate by depositing a fixed amount of APE per number.
Prizes: Daily draws feature 23 prizes, with a variety of winning opportunities.
Jackpots:
- Daily Jackpot: Starts with an initial pot of 500 APE, accumulating 5% from yield daily.
- Weekly Jackpot: Starts with an initial pot of 1000 APE, accumulating 10% from yield daily.
Multiple Pools: Creating new pools upon 90% entry with incremental bonuses.
Pool-based staking:
- Designed for BAYC and MAYC NFT holders.
- Payout Structure: NFT owners take a majority split from earnings.
- Auto-Compounding: Automatically reinvests earnings to maximize yield over time.
Dice Streak:
Gameplay: Roll with three dice and user place bets on possible outcomes
Betting Options: Large sum (11-18), small sum (3-10), streak (3 identical numbers)
The Rolling Apes:
Gameplay: A wheel spin game where the chance of winning is proportional to the player’s stake in the overall pot.
Bingo:
Gameplay: Each player receives a unique 5x5 board with a randomly placed free space.
How it works: First to achieve five numbers in a row declared the winner.
Points and Referrals
Playing games on ApeMania can earn points regardless of winning or losing. Furthermore, users can turn friends into income by sharing reflink, earning 16% of their Points, plus 8% of their referrals’ Points.
Revenue Model
- Yield Generation:
- The platform retains a portion of the yield generated from staked APE.
- Game Fees:
- 1% fee charged on winnings in most games.
- NFT Investment:
- A portion of the platform’s profits is reinvested into BAYC/MAYC NFTs. This strategy not only enhances yield potential but also contributes to the stability and growth of these collections’ floor prices.
- Ecosystem Expansion:
- ApeMania plans to extend its platform to accommodate other yield-generating cryptocurrencies, broadening its appeal and user base.
- Project Collaboration
- The platform offers customized staking games in collaboration with other projects, fostering innovation and mutual growth.
- Advertising
- The platform will also generate revenue through targeted advertising, leveraging its user base and brand recognition.
ApeMania represents a unique blend of entertainment and financial opportunity, creating a synergistic environment where APE holders, NFT owners, and the broader ApeChain community can thrive. Through its diverse game offerings and robust revenue model, ApeMania is poised to become a cornerstone of the Web3 gaming and staking landscape.
BENEFIT TO APECOIN ECOSYSTEM
ApeMania will benefit the ApeCoin ecosystem in several ways:
1. Increased Utility for ApeCoin:
- ApeMania introduces new ways for APE holders to utilize their tokens beyond traditional trading or holding. By participating in games, lotteries, and staking pools, users engage more actively with the token, driving demand and circulation.
2. Strengthened Community Engagement:
- Engaging Gameplay: By offering a suite of fun, interactive games, ApeMania fosters a more vibrant and engaged ApeCoin community. The platform’s unique games, such as Ape4D, Dice Streak, and Bingo, offer daily and weekly participation opportunities, keeping users consistently active within the ecosystem.
- Loyalty and Retention: The potential for winning substantial prizes and earning yields can encourage long-term retention of APE within the ecosystem, as users are incentivized to hold and stake their tokens.
3. Ecosystem Growth:
- Ecosystem Expansion: ApeMania’s future plans to support other yield-generating cryptocurrencies and collaborate on custom staking games can attract new users and projects to the ApeChain ecosystem, broadening its reach and influence.
- Giving back: Contribute 10% of the platform’s gross revenue to ApeCoin DAO to further support the development of the ecosystem.
4. Synergistic Growth with ApeChain:
- Network Effect: As ApeMania contributes to the utility and appeal of ApeCoin, it also strengthens the broader ApeChain ecosystem. The platform’s success can inspire the development of additional projects and dApps on ApeChain, fostering a thriving, interconnected network.
OVERALL COST
Total amount requested from the ApeCoin Ecosystem Fund = $250,000
Two tranches of funding have been requested: $100,000 upon approval, $100,000 after 3 months, and $50,000 after 6 months.
Budget Summary:
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Infrastructure and Development: $80,000
- Infrastructure - $10,000
- UI/UX design - $10,000
- Smart contracts, dApp development - $60,000
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Marketing and Community: $60,000
- Marketing campaigns - $15,000
- Community giveaway: $15,000
- Events and Meetup - $15,000
- Influencer partnerships - $10,000
- PR and media - $5,000
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Security and Audits: $50,000
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Launch and Rollout: $60,000
- Official launch/Welcome bonus - $10,000
- Promotional events - $15,000
- Initial operational costs - $35,000
This funding will cover the first year of development and operations, after which the platform is expected to be self-sustaining through game fees and yield generation.
PROPOSAL
Link to the full proposal: (https://forum.apecoin.com/t/aip-511-apemania-the-rewarding-playground-for-the-apes-and-apecoin-ecosystem/25429)
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.
AIP-545: Beyond the NFT: Renewal of NFT Lab Magazine’s Plan for Empowering ApeCoin’s Global Community
PROPOSAL DESCRIPTION
NFT Lab Magazine is a well-established physical publication that has distributed over 40,000 magazines through 8 issues across 1,200 locations, reaching over 50,000 readers. After a year of operation, we learned that producing a magazine once a month is not feasible due to the rapidly changing market and the voluntary nature of community content contributions, which can lead to delays. To adapt, we have successfully shifted to bi-monthly editions with thicker pages (72-96 pages), enhancing the magazine’s prestige and allowing for more comprehensive content collection.
Building on the success of our previous AIP-314, which was well-received by the community, we are proud to announce that we have produced two years of Apefest editions. This proposal aims to continue promoting ApeCoin and Yuga ecosystem news and projects to both our existing audience and beyond. Our strategy includes generating content that spotlights community projects, ApeCoin DAO news, and Yuga initiatives, while also allowing communities such as MBA, Mocaverse, Pudgy Penguins, Azuki, Thank Ape and GWG to contribute contents upon selection.
We are excited to announce a partnership with TIMEOUT Portugal 2024 | Ultimate Guide To Where To Go, Eat & Sleep in Portugal | Time Out, which operates in 108 cities across 39 countries and has a global audience reach of 242 million across all platforms. This collaboration opens up possibilities for NFT Lab Magazine to be present worldwide for every Apefest in the near future. Its a remarkable milestone for a magazine that’s only 1 year old.
Additionally, we will introduce international shipping for a limited number of physical copies to our content providers, enabling them to promote their products and services globally through a tangible show-and-tell approach. Furthermore, we plan to implement token-gated content using ApeChain and $Ape, allowing exclusive access to our community and enhancing engagement.
Our online versions (as promised from AIP-314) are already available on multiple Asian news platforms such as “blockchain of the day”
https://botdnews.com/category/article/nftlab/
and as free downloadable e-books on the “Likerland” media platform.
By enriching the ApeCoin and APECHAIN ecosystem and utilizing token-gated content, we aim to drive mass adoption and potentially increase the value of $Apecoin and Yuga collections.
BENEFIT TO APECOIN ECOSYSTEM:
Currently, ApeCoin primarily revolves around Yuga Labs NFTs and their upcoming Otherside metaverse, but by promoting new use cases through NFT Lab, we can accelerate adoption for more real-world applications and mainstream acceptance in Asia. We will also promote other approved AIPs, MBAs and Apechain Dapps/Memes including becoming an official mentor and collaboration partner with the aid for physical exposure for other projects.
OVERALL COST
Total amount requested from the ApeCoin Ecosystem Fund = $168,000.
We are requesting $168,000 paid in $APE to support NFT Lab’s operations and expansion for one year. This increase from last year reflects a miscalculation on our part, (however, we continued to keep our promised delivery from our own pocket last year), as we learned from our previous operations. We also faced the loss of a printer sponsor, a significant drop in the value of $APE. for this term , the added costs of apechain implementation, token gated contents , international shipping and overseas collaborations.
Two tranches of funding have been requested:
- $98,000 of the total upon approval.
- $70,000 Five months later (when 3rd edition is ready to be published)
We appreciate your understanding and support as we strive to improve and continue our mission.
PROPOSAL
Link to the full proposal: (https://forum.apecoin.com/t/aip-545-beyond-the-nft-renewal-of-nft-lab-magazine-s-plan-for-empowering-apecoin-s-global-communitya/26543)
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.