AIP-462: W3GrandPrix - Creating the largest F1 community in WEB3

Hi @Pukerainbow,

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.

  • 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

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

Hi @Pukerainbow,

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.
  • @Pukerainbow 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guidelines, if the author does not respond within 30 days, the proposal will be automatically transferred to the Withdrawn category, and the author can re-submit the idea.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,

The AIP Draft submitted is currently incomplete and feedback has been provided to the author.

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

Thank you,

-@Facilitators

Hi ApeCoin DAO Community,

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

This proposal has been assigned the AIP ID Number 462.

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 @Pukerainbow’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

Hi ApeCoin DAO Community,

@Pukerainbow 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,

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

Click to expand Q&A with @Pukerainbow

1. Could you please provide a brief summary of Popil’s relevant professional and academic history to be included in the Team Description section?

[Updated]

2. Please provide proof of consent from Lost, Solly, and Popil and their willingness to cooperate in the implementation of this proposal, or alternatively, update the proposal to indicate an option for them to opt-in to participate.

[Updated]

3. Would the listed team members be receiving any compensation for their involvement in this proposal?

No, the funding gotten from this AIP will be use for event activations, and all the initiative that we will be doing.

4. Your proposal mentions “supporting the current on-going plans with Special Council.” In what capacity would Special Council be involved, and have you secured express proof of their consent to participate in this AIP? If so, please provide said proof.

Will be working together with @Hazel for TOKEN2049, joining forces to amplify their current planned event via our network (Rug Radio, Pukecast & Decrypt), and also adding the W3GP (F1 element), currently already undergoing discussion with her. Also working with @AllCityBAYC for Asian Blockchain Summit, in Taipei for side events & more apecoin branding activation.

5. Your proposal would establish an “F1 Fantasy League, where participation requires apecoin for fantasy participation.”
a.) The ApeCoin DAO will not support gambling in any form. If participation in the fantasy league requires a buy-in from its participants (with the prospect of winning money or money-equivalent), please modify your proposal to align with DAO guidelines.
b.) With respect to the point above, 50k of the requested 165k $APE in your Overall Cost section would be used toward a tiered F1 Fantasy League prize pool. Please clarify the requirements for participation in your proposed F1 Fantasy League.

Stage 2: Building the largest WEB3 F1 Fantasy League

Funneling all participants into a single f1 fantasy league, which currently will be using the official site, in future, will make plans to have our own platform on apechain with an estimated target of minimum 300++ active participants.

Participation will be free to join & get them onboarded to the ecosystem

Please note that there isnt betting element in the fantasy, users who join the fantasy will be able to select their favourite players to join the league, points rewarded based on the race outcome, end of the year we will check the leaderboard to determine the winner.

KPI: 300 active participants

Cost:$50k USD, will distributed to the winners

6. Please revise your Overall Cost section, as specified by the AIP Draft Template:
Include any additional requests that are directed towards the APE Foundation, especially concerning the community discussion platforms, website, or Snapshot.
Include a more detailed breakdown of the budget for each line item (IRL activations, media coverage and running costs).

Overall Cost:
Total amount requested from the ApeCoin Ecosystem Fund = 165,000 USD

Prize Pool for Fantasy F1: $50k USD

1st prize: $25k USD
2nd prize: $15k USD
3rd prize: $5k USD
4th - 8th prize: $1k USD x5

IRL event activations: $80k USD

1. Malaysia Blockchain Week
2. Asian Blockchain Week: -$10k USD

Details:
- Sim Racing Venue, $5K USD
- Marketing Materials, banners, merchandize, $3K USD
- F & B, $2k USD

3. TOKEN2049: $70k USD

Details:
- Venue, $35k USD
- Marketing Materials, banners, merchandize, $10k USD
- F & B, $5k USD
- 20k $USD Networking, Dinner event to actively engagement with new people into the ecosystem.

Media coverage: 35k $USD

For 3 events:
- Camera Crew- $20k USD
- Production & Editting - $10k USD
- Equipments- $3k USD
- Graphic Designs- $2k USD

7. Regarding the Reporting Expectations section:
a.) Identify where the reports would be made available.
b.) Include the expected duration for the reports.

The report will be posted on x.com

Where we will include the monthly updates on

** Total listeners, increase of community size, IRL event update & Photos, how many participant joined etc*
** Duration of the report is 7 days, beginning of the month to be posted.*

8. Some of your requested funding would go toward an “IRL sim racing event during Malaysia Blockchain Week” and an IRL F1 watch party at Token2049 in Singapore.” Would either of these events feature any costs for attendees (admission, concessions, etc.)?

The event that we hosted will be free for the public, and intended for motorsport lovers to join and get to know about apecoin, our events from Malaysia, Taipei to Singapore will be working together with sim racing centre where we get web3 fans, and also existing community from the sim racing centre to join and get a mixture of audience.

9. Your proposal states that participation in The WEB3 F1 Fantasy League will be charged in APE, do you have any estimated costs for users to use the platform or any premium features?

The F1 Fantasy will be will be free for participate to join

10. Do you have plans to protect any collected user data? Please elaborate.

The platform that we are using will be the official F1 website, hence all data are protected from the main F1 Brand itself with their privacy policy

11. Since the budget is requested in ApeCoin, would the success of this initiative depend on the price of ApeCoin at the time of disbursement?

We will be changing to requesting the budget in USD, as most of the payment to third party vendors are dealt in USD

12. Do you anticipate raising any third-party capital? If so, please clarify, including who these anticipated third parties are, the fundraising period and any decks.

Yes, as the Malaysia Blockchain event is happening on the 28th, we went ahead and secure partnership with brands like:

x.com

x.com

We still proceed to include Apecoin branding into the event, here;s the official posting: x.com

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

Yes I do

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

Yes I do, for the personal screenshot to show their approval on the matter, that is a more private matter where it being shown to only the team and not public

Edits have been made to this Topic, by the author, by the author’s request, or with the author’s consent. You can click the Pencil icon at the top of the post to see these edits.

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

Hi ApeCoin DAO Community,

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

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

Kind Regards,

-@Facilitators

This proposal is live for vote at Snapshot. The voting period closes 13 days from now at 9PM EST.

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimize for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.