AIP-352: ApeCoin Pets and toys

STEPN is a great comparison. I used them with solana and was very inspired.

I’m thinking the coin had to reach a certain set amount before withdrawing is available. Unless we can get this on ApeChain and gas will be much lower.

Thank you for the great questions

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Interesting idea. But I would like to see some images, layouts, that is, what it will all look like.

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Hi ApeCoin DAO Community,

Our team has reviewed and discussed @Xavierfreeway '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,

-@Facilitators

Most definitely as soon as some early prototypes are complete I will show

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What should those who only have fish do? :thinking:

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Perhaps there is a smart fish feeder in development, where $ APE will be credited after each food reset =) I give you a free idea :slight_smile:

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Hi ApeCoin DAO Community,

@Xavierfreeway has responded to our questions and has provided consent to share them in this forum for the community.

  1. Is the Ape Foundation expected to engage in any of the steps of the AIP implementation? If so, please specify the steps and elaborate on how it is expected to work.

The Ape Foundation is not directly involved in the steps of AIP implementation. ApeCoin Pets will independently handle research, development, manufacturing, marketing, and integration with the ApeCoin blockchain.

  1. How will the success of the proposed initiatives be measured and evaluated?

The success of our initiatives will be measured by increased user engagement within the ApeCoin ecosystem, as well as by tracking the adoption and utilization of ApeCoin Pets products by pet owners.

  1. Is the payment of $250,000 requested in your AIP upfront or based on milestones?

The payment of $250,000 is requested upfront to cover research, development, manufacturing, and marketing expenses.

  1. Do you have an estimated cost for this product or any premium features?

We have estimated costs for product development and marketing but are open to discussing premium features based on community feedback.

  1. Where would this product be sold?

ApeCoin Pets products will be sold globally through our online platform and potentially through retail partnerships.

  1. What type of pet is this product designed for?

Our products are designed for various pets, including cats and dogs.

  1. a) Is there any Web3 connectivity required?

Web3 connectivity is not required for our products.

b) Is there a security audit plan in place, and will you share the audit report with the ApeCoin DAO?

While we prioritize safety, a security audit plan will be considered, and the audit report can be shared with the ApeCoin DAO if deemed necessary.

  1. Do you have any early prototypes for this product?

We are currently in the prototyping phase but do not have early prototypes to share at this moment.

  1. Have you established any manufacturing or distribution partners?

We are exploring potential manufacturing and distribution partners but have not finalized any agreements yet.

  1. Would additional funding be required to bring this product to market?

Additional funding may be required for marketing and scaling production, depending on the initial response to our products.

  1. a) Can you please provide more details in regards to the ApeCoin reward mechanics?

ApeCoin reward mechanics will be based on pet interaction with our toys, where they ‘earn’ ApeCoins. More details will be provided in the final proposal.

b) Would an additional AIP be required to allow pets to accumulate ApeCoin rewards?

An additional AIP may not be required, as our integration with the ApeCoin blockchain can facilitate rewards.

  1. Would you require a licensing agreement for the use of the ApeCoin logo for the implementation of this proposal?

We are open to discussing a licensing agreement for the use of the ApeCoin logo if required.

  1. Would your expectation be to keep complete full ownership of content produced from this proposal?

We are open to negotiations regarding ownership of content produced from this proposal and are willing to collaborate with the APE Community on this matter.

  1. Do you provide consent to share these questions with the community in this forum?

We provide consent to share these questions and our responses with the community in this forum for transparency.

A DAR package is being worked on and upon completion, this AIP will move into Administrative Review. Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

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Now the main thing is that this idea is taken into account and implemented) And it is necessary that this feeder be automatic, otherwise my Betta is sometimes left without food :laughing:

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Rev Share for the DAO :eyes:

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It seems that so many questions have already been asked from above that it’s hard to come up with new ones. But I have an idea for a toy: it could be (for example) a rubber bone for dogs with a built-in strength meter. Once a day, this bone can record the highest tension index for the day and record some equivalent of $APE to the account in accordance with the indicator. The harder your pit bull pulls, the more he will earn for his food :slight_smile:

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I love the idea. We definitely need to come with a range of different toys once the first toy is successful

I’ve always been a fan of digital platforms that require physical work in order to unlock rewards/value/etc (several people here have correctly mentioned STEPN and other Move-2-Earn examples).

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Hi ApeCoin DAO Community,

We have sent a list of follow up questions to the author.

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

Kind Regards,

-@Facilitators

2 Likes

Hi ApeCoin DAO Community,

@Xavierfreeway has responded to our questions and has provided consent to share them in this forum for the community.

  1. In response to question 3 in the previous round of questions, you answered “Web3 connectivity is not required for our products.” However, a rewards program for ApeCoin is outlined, can you please provide more details on how rewards will be distributed without Web3 connectivity?

Rewards Distribution without Web3 Connectivity: Our product utilizes IoT sensors to track pet interaction with the toys. This data is then transmitted to our dedicated app, which calculates the ApeCoin rewards. The app is designed to connect with the ApeCoin blockchain, allowing for the seamless transfer of ApeCoins to the pet owner’s wallet. Therefore, while the toys themselves do not require Web3 connectivity, the accompanying app facilitates the connection to the blockchain for reward distribution.

  1. In response to question 11a in the previous round of questions, you answered “ApeCoin reward mechanics will be based on pet interaction with our toys, where they ‘earn’ ApeCoins. More details will be provided in the final proposal.” Prior to Administrative Review and community vote proposals are to be finalized, can you please provide more details if possible?

Details on ApeCoin Reward Mechanics: The reward mechanism is based on various metrics such as the duration and intensity of pet interaction with the toys. The IoT sensors capture this data, which is then processed by our app to determine the amount of ApeCoin to be rewarded. These rewards are designed to incentivize longer and more engaged play sessions, promoting both physical and mental stimulation for pets.

  1. In response to question 11a in the previous round of questions, you answered “An additional AIP may not be required, as our integration with the ApeCoin blockchain can facilitate rewards.” Does this AIP include funding for rewards? If not please describe how this integration would generate rewards.

Funding for Rewards and Blockchain Integration: This AIP primarily seeks funding for research, development, manufacturing, and marketing. The rewards themselves are generated through the sales of ApeCoin Pets toys. A portion of these sales will be converted into ApeCoins, which will then be distributed as rewards. The integration with the ApeCoin blockchain is a part of our development plan, ensuring a seamless reward system within the existing ApeCoin infrastructure.

  1. Will the 75% revenue share be calculated based on revenue or net profit?

Revenue Share Calculation: The 75% revenue share will be calculated based on net profit. This ensures that all operational costs are covered before the profits are shared, aligning with the sustainable growth and financial health of the project.

  1. How much of the 75% will be designated for token buyback or burning and how will you facilitate this?

Token Buyback or Burning Allocation: Of the 75% revenue share, we propose allocating 25% towards token buybacks and burning. This action will contribute to the value of ApeCoin by reducing its circulating supply. The buyback and burning process will be transparent and in accordance with market regulations.

  1. How will community-driven decisions be facilitated?

Facilitating Community-driven Decisions: The ApeCoin DAO will play a significant role in decision-making. We plan to regularly consult the community through polls and discussions on key decisions such as new product launches, partnerships, and reinvestment strategies. This democratic approach ensures that ApeCoin Pets aligns with the community’s interests and fosters collective growth.

  1. Do you provide consent to share these questions with the community in this forum?

Consent for Community Sharing: Yes, we consent to share these questions and our responses with the community. Transparency and open communication are pivotal to the success of ApeCoin Pets and the trust of the community.

A DAR package is being worked on and upon completion, this AIP will move into Administrative Review. Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

1 Like

Hi ApeCoin DAO Community,

Edits have been made to this Topic, by the author or by the author’s request.

You can click the Pencil icon at the top of the post to see these edits.

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

Kind Regards,

-@Facilitators

Hi ApeCoin DAO Community,

We have no further questions for @Xavierfreeway . This AIP is now under Administrative Review.

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

Kind Regards,

-@Facilitators

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We need this. What do y’all think?

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Friends, how are things going? I am very interested in how this idea will end. I love my cat and he definitely needs a toy with ApeCoin

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Because of the nominations, such an interesting project was moved down the forum…

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Things are going great just awaiting a vote now. All questions has been answered for the AIP. I’d love to see how the broader community feels

1 Like