AIP-257: ApeCoin Marketplace Renewal

Administrative Review
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Hi @zheerwagen,

I’m excited to hear about plans to incentivize usage and gamification on the platform, and I’m glad to see that there is a consideration for a separate budget allocation for comprehensive tokenomics and gamification - imo we already have “tokenomic” with the platform fee that we can use for it).

However, I’m not sure why we cannot discuss my suggestion further with the community and potentially include it in the upcoming proposal with additional budget. In my opinion, this improvement would not cost more than 5k $APE and could be launched in less than a month. I am willing to help with this for free.

I understand the importance of conducting a full audit for Yuga assets and anything branded with the official ApeCoin logo. I hope that you are able to find a reputable auditor who can meet the project’s timeline. It’s also worth considering these expenses when Snag becomes bigger.

Lastly, I understand that you are building the company and the DAO here to help, but in my opinion, you have a unique opportunity here with funds and the most desirable digital assets letting you be the official provider, and the opportunity to become the leader in NFT marketplaces. I was hoping for more out-of-the-box proposals that align with the community’s expectations in the long run. Please keep in mind that the DAO expects innovative ideas and solutions from one to another proposal.

Overall, I’m excited to see how this proposal develops, and please let me know if I can offer any further assistance.

-Mr. Hype :fire:

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@ssp1111 - what do you think about this suggestion?

-Mr. Hype :fire:

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Hi @zheerwagen ,

Your topic will be automatically closing in less than 24 hours. Are you content with the feedback received, or do you wish to extend community discussion for a further 7 days?

If we do not hear from you within 48 hours after your topic closes, your topic will be moved straight to the AIP Draft process.

We look forward to hearing from you.

-Amplify

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Thank you @amplify.admin - we’re satisfied with the feedback received both in this post and via focus groups / spaces. We’ll be ready to edit and submit at close tomorrow and are excited to go to a vote!

1 Like
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@zheerwagen, I think you’ve done a great job operating in a fast-changing and uncertain marketplace environment. Also, thanks for taking the time to ask important questions and for making recommendations about how to frame the next deployment.

As one of the creators of Thank APE, Zach asked me to share a bit more context on the value of pointing Snag marketplace funding to Thank APE - as was recommended in his proposal. I’m happy to do so!

Thank APE is protocol-level infrastructure rewarding value-creating contributions to the DAO - from governance contributions to builder contributions.

The impact of Thank APE, already, is significant. As Zach shared in an earlier comment, since we launched, core governance engagement metrics have largely increased by ~200%.

Zach’s proposal to “point marketplace funding to Thank APE” does a few things:

a) It ensures creativity and decentralization around how funds get distributed. Thank APE can reward whatever the community determines is valuable: from governance participation (like adding value to proposals, as many have done here) to, for instance, Defi tooling like those suggested above.

b) It’s an important step toward building sustainability for the DAO. When Snag and others commit APE back to the community through Thank APE (more projects are interested in doing so) - those funds are delivered to people creating greater efficiency, utility, and value for the DAO.

c) It ensures that any marketplace funding is distributed with efficiency and care. Thank APE is a DAO-approved initiative that is already built, already driving value, has built-in bot and bad actor protection, and is supported by much of the community.

I hope this is helpful context. If any of you have additional questions on this piece, I’d love to help! - Daniel

3 Likes
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This topic was automatically closed after 7 days. New replies are no longer allowed.

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Thank you @zheerwagen for your ideas and the ApeCoin DAO community for the thoughtful discussions. A moderator will get in touch with the author to draft the AIP in the appropriate template. Once the AIP is drafted and meets all the DAO-approved guidelines, the proposal will be posted on Snapshot for live official voting at: Snapshot

Follow this Topic as further updates will be posted here in the comments. @zheerwagen please see your messages for the next steps.

-Amplify

2 Likes
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Hi ApeCoin DAO Community,

@zheerwagen has completed editing their AIP Idea to be their AIP Draft.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-Amplify

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Love the idea of an official trading platform! Great improvement on an already great AIP. Completely reasonable amount for an audit, could honestly be more.

2 Likes
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Hi ApeCoin DAO Community,

Our team has reviewed and discussed @zheerwagen’s AIP Draft and have sent a list of initial questions. We await answers.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-Amplify

2 Likes
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Hi ApeCoin DAO Community,

We have no further questions for @zheerwagen. This AIP is now with the Special Council for Administrative Review.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-Amplify