Proposal Name: Apecoin Listing on COINHERO Crypto ATMs (ApeFest Hong Kong 2023) & ATM Installation at ApeFest HQ
Proposal Category: Ecosystem Fund Allocation
- To list Apecoin ($APE) on COINHERO’s Crypto ATM Network for preparation of ApeFest 2023 in Hong Kong.
- To host an ATM machine at ApeFest HQ located at PMQ, Central, Hong Kong, during ApeFest 2023.
- Direct cash to crypto access for attendees during their time at ApeFest Hong Kong.
- On the ground physical exposure and visibility to Apecoin at ApeFest HQ and across the ATM network Hong Kong.
- Low user barrier: Users simply need cash and their wallet QR code to transact.
- 24/7 access and liquidity as machines are always on, accessible, and in public areas.
- Token available for purchase by anyone in the public.
This proposal is something new offered to the APECOIN community and we hope that this proposal is seen as bold and new.
BENEFIT TO APECOIN ECOSYSTEM
This proposal aims to benefit the APECOIN Ecosystem by spreading its community and values to the wider community public through physical access to the token via ATM machines. Where most people are used to interacting with regular bank ATM machines, our crypto ATM machines provide a familiar experience, lowering entry barriers. Additionally, providing an ATM machine at ApeFest, allows event goers to buy $APE at a convenient physical location.
I am the CEO of COINHERO and responsible for this proposal. I have been running COINHERO for the past 6 years in Hong Kong. COINHERO was founded in 2017 with the goal of making Bitcoin and Cryptos as accessible as possible. We operate one of the largest network of Bitcoin and Crypto ATMs in Asia.
COINHERO is Hong Kong’s premier crypto ATM network founded in 2017. We have been providing the local market access to cryptocurrencies (BTC, ETH, USDT ERC20/TRC20) through 30+ ATMs located at key locations across Hong Kong Island, Kowloon, and New Territories. Our machines are 24 hour access, located at street-level and public areas and simple to use.
Our website: COINHERO
Below is a video demo of our ATM machine explaining how a transaction is done. All ATMs have instructions on or next to the machine for ease of use.
- Select token to buy
- Choose cash amount
- Scan wallet QR code
- Input cash notes
- Confirm amount and press “buy”
- Transaction completed (take a photo of the transaction details for record purposes)
Video Demo: HOW TO USE OUR ATM
STEPS TO IMPLEMENT
- Integration: Our developers will integrate Apecoin into the ATM machine network, this involves front end UI integration, token integration, and back end exchange settlement. This will take 4 weeks.
- Marketing effort: Our marketing team will conduct online marketing campaigns for Apecoin through our social media channels.
- ATM installation: Our technical team will install the ATM machine at the ApeFest HQ. This involves electricity and cable management, WiFi connectivity, and CCTV monitoring for security.
- ATM management: Our operations team will monitor and manage physical cash and token supply on the ATM machine. The team will be on technical standby for any issues arising with the machine, settlement, and cash handling.
Token Listing: We aim to list $APE token within 4 weeks by the end of September 2023, one month before ApeFest held on 3-5 November 2023. This gives one month during October 2023 to start token marketing campaigns prior to the event. This assumes proposal success and token integration completes within 4 weeks during the month of September.
ATM Hosting: We aim to install the ATM machine at ApeFest HQ in 1 working day.
Token Listing: US$10,500 or Apecoin equivalent for 1 year. This listing fee will go towards technical integration and marketing for a period of 12 months.
Token Supply: 10,000 Apecoin. These tokens will be used for customer settlement on the exchange back-end during ATM transactions. These tokens shall be returned upon the end of token listing.
ATM Hosting (3 days during ApeFest Nov 3-5): US$500 or Apecoin equivalent per day. This will go towards installing the ATM machine and its daily management.
Total (assuming $APE @ $1.22): US$24,200