Discounted $ape sale for TL2 (Trust Level 2) members & above.
16.9m $ape to be sold at a 75% reduction.
Rewarding active community members & giving them the opportunity to have a larger voice during our votes.
Treasury will get an immediate cash injection of roughly $3,000,000 dollars.
TEAM DESCRIPTION:
Furious - Long time DAO member.
PROPOSAL DESCRIPTION:
16.9 million $ape will be sold to TL2 members and above.
This $ape will be sold at a reduced rate of 75%. Meaning at the time of sale TL2 members can purchase $ape at a cost of 25% of its FMV (fair market value).
Any $ape not purchased when the sale ends will be returned to the DAO. Similarly, all proceeds from the sale will be sent to the DAO.
BENEFIT TO APECOIN ECOSYSTEM:
TL2 members are the backbone of our community. They engage in DAO discussions, submit proposals, vote and shill $ape far and wide, and contribute in so many more ways.
As a small thank you this AIP seeks to reward those contributions and retain these members for many years to come.
The reduced sale of 16.9m $ape will see more tokens get into the hands of long term stakeholders.
The expectation being that most tokens will find their way into our voting process - creating a more representative input (larger say) for our most loyal, active and knowledgeable stakeholders.
The DAO treasury would receive $2,700,000 (using today’s $ape price) once the sale concludes.
DEFINITIONS:
25% of FMV - The day the sale takes place an average price of $ape will be generated using the last seven days. This figure will then be reduced by 75%.
TL2 members - snapshot from 12am UTC on 28th August 2024 will be used.
Furious will be excluded from making any claim as author of this AIP. Co-authors and any other members who contribute will not be excluded.
STEPS TO IMPLEMENT:
Create/identify a system to facilitate the sale to eligible persons.
Compile a list of eligible persons - to be inspected and approved by the community.
Determine how long the sale should be live/open.
OVERALL COST:
16.9million $ape.
(Potentially a small cost for oversight of the sale creation, if necessary.)