Hi ApeCoin DAO Community,
@PhishFood has responded to our questions and has provided consent to share them in this forum for the community.
- 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.
All steps of the AIP implementation will be fully managed by Co:Create Ink. Our team will provide weekly updates to the community so they are aware of where we are and any next steps. When available for public launch, we request the APE Foundation participate in co-marketing, sharing the live implementation with it’s community through X, Discord, and all other public forums.
- Your proposal states “2.5% of top-line revenue from all transactions paid for with $APE will be sent to the ApeCoin DAO treasury until the full allocation of this AIP is returned.”
Correct. Is there a question here about this allocation to the ApeCoin DAO treasury?
- Would the funds returned to the DAO be equivalent to the $50,000 USD grant or equivalent ApeCoin at the time of disbursement?
Funds returned to the DAO will be either $50k USD or the equivalent of ApeCoin at the time of disbursement. What is preferred by the DAO?
- Is there an expected schedule for the distribution of this revenue back to the DAO treasury?
Distribution of revenue back to the DAO treasury will occur on a bi-annual basis until $50k USD or the equivalent of ApeCoin is returned to the DAO.
- “10% of revenue generated through $APE transactions will be held for three months in $APE by Co:Create Ink.”
Please elaborate on your plans for committing to this schedule.Co:Create Ink’s public wallet address will be provided to the DAO for transparency.
- Will the total revenue considered for this allocation be determined within a specific timeframe?
We expect to reimburse the DAO $50k within a three-year timeframe. This is subject to market conditions, including, but not limited to, overall demand for onchain tattoos and willingness to purchase in APE.
- How long do you plan to maintain this strategy?
The time horizon will be infinite as long as the overall demand for onchain tattoos and willingness to purchase in APE is met. We will maintain our proposed strategy for three-years.
- Can you provide more details on how you intend to adhere to this timetable?
All steps of the AIP implementation will be fully managed by Co:Create Ink. Our team will provide weekly updates to the community so they are aware of where we are and any next steps.
- This AIP will require Web3 connectivity, is there a security audit plan in place, and will you share the audit report with the ApeCoin DAO?
The ERC-721 contract used to create onchain tattoos has not been audited.
- Would the General Availability phase begin directly after the 4-week Beta Phase has concluded?
Yes.
- Would holders of the Beta Phase “Ink Early Access Pass” receive any exclusive access or premium features?
Not at this time. In the future, holders may receive early access to designs, collectibles, and other Co:Create Ink products.
- Will there be an expiration date or deadline to redeem the 1:1 or Limited Edition purchases?
No.
- 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 content produced by the artists at Co:Create Ink will be in keeping with these guidelines?
Per our Terms of Service, the following are examples of the kinds of content and/or uses that are illegal or prohibited by Co:Create Ink: unsolicited or unauthorized advertising, promotional materials, commercial activities and/or sales, “junk mail,” “spam,” “chain letters,” “pyramid schemes,” “contests,” “sweepstakes,” or any other form of solicitation; (vi) is unlawful, harmful, threatening, abusive, harassing, tortious, excessively violent, defamatory, vulgar, obscene, pornographic, libelous, invasive of another’s privacy, hateful, discriminatory, or otherwise objectionable
- Would your expectation be to keep complete ownership of content produced from this proposal?
Yes.
- Do you provide consent to apply updates to the relevant areas of your proposal based on your responses to the questions above?
Yes.
- 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.
Kind Regards,