AIP-396: LFG VENTURES presents: Made by Apes - Powered by ApeCoin

Thanks for sharing - this is great.

Permissionless revenue based financing is really interesting, looking forward to seeing those come to market.

& thank you very much for your offer of support and assistance! We’ll certainly keep in mind and connect soon.

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It does not require that you have an actual product created prior to the issuance of the MBA.

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Hi @CaptainZwingli,

The community feedback period for your proposal would be ending in less than 24 hours.

  • If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.
  • Upon receipt of the final Draft, we will review and provide instructions on the next steps.
  • Are you ready to proceed to the next phase or do you wish to extend community discussion for another 7 days?

We look forward to hearing from you.

@Facilitators

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

Hi @CaptainZwingli,

Thank you for your ideas [and the ApeCoin DAO community for the insightful discussions].

A moderator will reach out to the author to finalize the AIP Draft using the appropriate template.

  • Once the AIP Draft is confirmed by the author and meets all DAO-approved guidelines, it will receive an AIP ID number and move forward for Draft Analysis Review.
  • @CaptainZwingli please see your messages for the next steps.

Follow this Topic as further updates will be posted here in the comments. In accordance with DAO-approved guidelines, if the author does not respond within 30 days, the proposal will be automatically transferred to the Withdrawn category, and the author can re-submit the idea.

-@Facilitators

Hi ApeCoin DAO Community,

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

This proposal has been assigned the AIP ID Number 396.

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

Kind Regards,

-@Facilitators

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Hi ApeCoin DAO Community,

Edits have been made to this Topic, 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

This marks a positive move forward! I’ll take some time to absorb the details but wanted to express my appreciation for the progress. Well done

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Hi ApeCoin DAO Community,

Our team has reviewed and discussed @CaptainZwingli’s AIP Draft and sent a list of initial questions.

The author has responded to our questions and they are in our review once again.

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 @CaptainZwingli. This AIP is now under Administrative Review.

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

Kind Regards,

-@Facilitators

Hi @CaptainZwingli,

I’ve carefully reviewed AIP-396, while I appreciate the effort and enthusiasm behind the initiative, I don’t think it’s needed. I’ll explain:

  1. My primary concern lies in the nature of the funding mechanism proposed. The proposed grant structure raises concerns about the effectiveness of utilizing the treasury funds. Unlike a loan, which could potentially be repaid, a grant introduces a one-way flow of funds.

  2. Instead of allocating a substantial grant, exploring partnerships with established web3 vc might offer a more sustainable approach. By leveraging these VC relationships, the DAO could manage funds more effectively through fees or revenue-sharing structures, potentially achieving a better return on investment for the community. Fund-to-fund deals / revenue back / 2-3% management fee like VC…

  3. The ApeCoin community has a well-established process for funding projects through the AIP. It allows the community to vote on proposed projects, give authors to promote their products, and ensuring a decentralized decision-making process. I am not convinced that creating a separate fund outside this process is necessary, especially given the on-chain AIP process that coming lead by GWG.

Hope you can understand. Thank you for your dedication to advancing the Made by Apes ecosystem.

-Mr. Hype :fire:

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