Reserving AIP ID #420
Ecosystem Fund Allocation
@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
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.
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.
Submit this proposal to reserve 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.
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.
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.
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.
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.