AIP-399: Reserving AIP ID #420

PROPOSAL NAME:

Reserving AIP ID #420

PROPOSAL CATEGORY:

Ecosystem Fund Allocation

TEAM DESCRIPTION:

@Lost - Host of ApeComms, Advisor for the Mega Robot brand
@SSP - Co-Host of ApeComms, Hospitality Industry Expert
@12GAUGE - Co-Founder of Forever Apes, Marketing & Branding pro
@Cryptologically (Chris) - Founder of CryptoLogically, Master of English
@airicly - Founder of artlicky, BAYC mod
@GLO - Loan Officer, BAYC menace

ABSTRACT:

AIP ID #420 holds special importance within the crypto industry and the Ape community.

This proposal seeks to temporarily reserve AIP ID #420 to create a meaningful impact for the DAO. The proposal team would collaborate with the community to organize a competition where the winner is awarded AIP ID #420 and an ApeCoin grant.

BENEFIT TO APECOIN ECOSYSTEM:

The community engagement resulting from the decision and the decision-making process may enhance cohesion, excitement, and involvement among ApeCoin holders. This proposal would preserve the cultural significance of AIP-420 within the ApeCoin DAO.

STEPS TO IMPLEMENT & TIMELINE:

Proposal Submission:

Submit this proposal to reserve AIP ID #420.

Reserving AIP ID #420:

The Foundation would instruct the DAO’s administrators to reserve AIP ID #420 and make updates based on the outcome of the competition. The ID # would remain reserved until a decision is made regarding who to award it to, via an organized a competition where the winner is awarded AIP ID #420 along with a grant. The final grant structure for the contest winner may include certain progress-based grant unlocks to ensure proper use of funds, rather than a one-time award.

Community Decision:

The DAO would retain custody of the AIP ID #, and the winners grant, until the final outcome of the competition. The proposal team would be responsible for project management and use no more than 15,000 ApeCoin for any expenses.

Mechanism Setup:

Organize the competition with clear guidelines. The proposal team would ensure that this is done, and would look to include additional community partners for the operations.

Decision Announcement:

Announce the decision made by the community regarding the winner and the fate of AIP ID #420. The winner would need to KYC with the Ape Foundation to receive the grant.

OVERALL COST:

This proposal requests 420,000 ApeCoin from the DAO’s Ecosystem Fund for the community contest.
The winner of the contest will be awarded with AIP #420 and a reasonable grant not exceeding 420,000 ApeCoin.

TLDR: We want to save AIP ID #420 to help give it a chance to create a meaningful impact for the DAO. The community would have a contest to award the AIP ID #420 along with a grant, this would be the first step to help ensure AIP ID #420 doesn’t end up in the Rejected AIPs folder.

9 Likes

Hi @Lost ,

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

  • If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.

  • A moderator will reach out to the author to finalize the AIP Draft. 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

1 Like

Hi @12GAUGE.admin :apekinhype:

We’re ready to move forward to the next phase, please. We’ll get the final draft ready for review and send it over asap.

Thank you :apekinhug:

4 Likes

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

Hi @Lost ,

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.
  • @Lost 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,

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

This proposal has been assigned the AIP ID Number 399.

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

Kind Regards,

-@Facilitators

Love the idea @Lost #IYKYK

2 Likes

Hi ApeCoin DAO Community,

Edits have been made to this Topic, by the author or at 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,

Our team has reviewed and discussed @Lost 's AIP Draft and has 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

1 Like

i approve of this message

3 Likes

Welcome back to the forum, it’s an honor to have you join the team :apekinlfg: :apekinhype: :apekinhug:

2 Likes

Hi ApeCoin DAO Community,

@Lost 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.
It is expected that the AIP ID # would be reserved and custodied by the Foundation’s admin team. The winner of the competition would be eligible to redeem the designated grant award and ID # after following the Foundation’s standard KYC process. The admin team will ensure that a topic is created to reflect AIP-420 and the winning proposal.

2. As per the ApeCoin General Guidelines, “proposals will not be put up for vote if they involve illegal activity, hate speech, pornographic material, or are at odds with the mission or values of the APE Foundation.” Can you ensure that the contestants would adhere to these guidelines?
From the proposal team’s perspective, this would not be a problem and none of the non-compliant concepts which are outlined in the question are present in this proposal.

3. Please describe the process by which contestants would submit their proposals and how the winner would be selected.
This is TBD, as stated in the AIP, but initial thoughts are to follow similar practices as the most recent Thank Ape moonshot competition. Setting up a Prop House is all handled on-chain now too, so expectation of minimal friction/expense. It will be required for the submissions to include relevant details to supplement the expected AIP Draft Template format.

4. This proposal outlines 15,000 ApeCoin for any expenses and a grant for the winning proposal of no more than 420,000 ApeCoin. Would the total request for this proposal be 435,000 ApeCoin?
The total request is 420,000 ApeCoin.

5. “The proposal team would be responsible for project management and use no more than 15,000 ApeCoin for any expenses.” In the event that expenses are incurred, how does the team plan to take custody of this expense funding?
A community held multi-sig can be established, if there are expenses, same as with the Thank Ape structure. Certain service providers who provide service related to executing the proposal may be willing to KYC directly with the Foundation as well, in order to receive grant funds designated by the AIP for the services.

6. This proposal would result in “a competition where the winner is awarded AIP ID #420 and an ApeCoin grant.”
a.) Does this competition involve the contestants proposing AIP Ideas, to later be submitted and ultimately awarded AIP-420 upon meeting approved milestones?
Hosting of the competition would happen outside of the formal AIP process. The winner would receive the rights to claim the grant and the right to claim AIP-420.

b.) Would the awarding of AIP ID #420 to the competition winner necessarily require the winner to then submit a proposal using that AIP?
No.

c.) If a subsequent proposal is not required, and the AIP ID #420 awarded is purely ceremonial, would the author then have the opportunity to submit an AIP to later claim that ID# at some point in the future?
It will be required for the initial contest submissions to include the relevant details necessary to supplement the expected AIP Draft Template format.

7. Would your expectation be to retain complete ownership of content produced from this proposal?
It may be best for the team to retain ownership of the content. It is not necessary.

8. Do you provide consent to apply updates to the relevant areas of your proposal based on your responses to the questions above?
Yes

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

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.


Additionally, edits have been made to this Topic, by the author or at 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 @Lost . This AIP is now under Administrative Review.

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

Kind Regards,

-@Facilitators

Adore the concept; it could boost engagement and community involvement.

4 Likes

This is an amazing idea

2 Likes

Hard yes from me, my g’s.

3 Likes