Hi @Facilitators
I am so pleased with the feedback I have received,
we have had a lot of DMs and conversations
to everyone here on the channel, thank you for your time and your valuable comments
The next step as I understand it is to finalise the proposal using the AIP Draft template.
(please check as this is already an outline of our AIP Draft)
Yes we are ready to move on
Makash Mak
Hi @makash_mak
Thank you for your ideas [and the ApeCoin DAO community for the insightful discussions].
The AIP Draft submitted is currently incomplete and feedback has been provided to the author. A moderator has reached out to the author to finalize the AIP Draft using the appropriate template.
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guidelines, if the author does not respond within 30 days, the proposal will be automatically transferred to the Withdrawn category, and the author can re-submit the idea.
This topic was automatically closed after 7 days. New replies are no longer allowed.
Hi ApeCoin DAO Community,
Edits have been made to this Topic with the author’s consent.
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,
Hi ApeCoin DAO Community,
@makash_mak has completed editing their AIP Idea to be their AIP Draft.
This proposal has been assigned the AIP ID Number 495.
Follow this Topic as further updates will be posted here in the comments.
Kind Regards,
Appreciate the awesome and detailed response !!! You guys have your bananas together !!! I am super impressed !! Lets goo !!! All that being said and laid out and planned, I am def looking forward to seeing this happen, and that world record be broken, to land the community in the world record books !!!
Also Thank you for the warm welcome and the response !!
I am super excited to get involved here, be involved here, and BUILD !!
Lets Go Bananas together fam !
_ MonkeyMike
Appreciate the awesome and detailed response !!! You guys have your bananas together !!! I am super impressed !! Lets goo !!! All that being said and laid out and planned, I am def looking forward to seeing this happen, and that world record be broken, to land the community in the world record books !!!
Also Thank you for the warm welcome and the response !!
I am super excited to get involved here, be involved here, and BUILD !!
Lets Go Bananas together fam !
_ MonkeyMike
Still learning how this works, so I appologize if this showed up twice ahaha !! I need forum lessons. teehe ! Proud to be here
Hi ApeCoin DAO Community,
Our team has reviewed and discussed @makash_mak '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,
Our Response:
Yes, we expect the involvement of the Ape Foundation in the following steps:
Planning and Preparation:
Promotion and Marketing:
Event Implementation:
Summary and Reporting:
a) LinkedIn Links for Michael Duecker:
b) Your Twitter handle is interpreted as your Discord profile. Would you like to add the Twitter link here?
c) Please provide a more detailed description of Taki Noob and their background or experience in Web2 and/or Web3.
Our Response:
We understand that if the application is made independently, the process can indeed take 12 weeks or longer. However, with official support and a project guardian from Guinness, along with promotional assistance from Guinness, the time is usually shortened. The costs associated with coordination with Guinness World Records are included in the Coordination with Guinness World Records — 17,250 $APE budget line.
Our Response:
Yes, we are aware of potential delays. If approval is not received in time, we have an alternative plan to hold the event in Paris. However, we believe that missing the opportunity to host the event during ApeFest in Lisbon would be a significant loss due to the immense interest from the community and media. The costs related to this contingency plan are not separately included in our current budget.
Implementation Steps:
Planning and Preparation Phase:
Promotion and Marketing Phase:
Event Implementation Phase:
Summary and Reporting Phase:
Our Response:
Key Performance Indicators (KPIs):
Planning Phase:
Promotion Phase:
Implementation Phase:
Summary Phase:
Our Response:
See the “Implementation Steps” section above, which outlines the costs, personnel, and platforms used at each project stage.
Our Response:
Planning and Preparation Phase:
Promotion and Marketing Phase:
Event Implementation Phase:
Summary and Reporting Phase:
Our Response:
We have corrected the total cost to 238,250 $APE to accurately reflect all project elements. We apologize for the previous discrepancies in the documentation.
All items have been detailed in the updated budget table, which covers all key aspects of the project, such as Planning and Preparation, Promotion and Marketing, Event Management, Coordination with Guinness World Records, MysteryBox with magnetic closure, and Giveaway z ApeCoin.
Our Response:
Yes, we agree to update the total cost to 238,250 $APE to include 10,000 $APE allocated for the giveaway. These costs have been reflected in our Giveaway z ApeCoin budget line in the updated budget table.
Our Response:
Yes, we are referring to gross revenue. 20% of the gross revenue from product sales will go to the ApeCoin DAO treasury. We believe this is a fair and transparent way to support the community and further develop the ApeCoin ecosystem.
Our Response:
Certainly! Continuing the translation from the point we left off:
Our Response:
Thank you for the note. We will correct the labels on the bottles to include the proper phrase “Powered by ApeCoin” in accordance with the brand specifications outlined in AIP-274. We will ensure all our promotional materials comply with the ApeCoin brand guidelines.
Our Response:
Yes, we expect to retain full ownership of all content produced under this proposal, except for content that would conflict or be closely dependent on the DAO as a co-owner, such as the use of the ApeCoin DAO logo in accordance with AIP 274.
Our Response:
Yes, we can assure that all content created under this initiative will comply with ApeCoin guidelines and will not contain illegal activities, hate speech, pornographic materials, or be contrary to the mission or values of the Ape Foundation. Our team is committed to adhering to the highest ethical standards and compliance.
Our Response:
Yes, we plan to distribute revenues to the DAO treasury on a monthly basis for 12 months following the event. This schedule will allow us to make regular contributions and better financial planning for both us and the DAO.
Our Response:
Yes, our team is prepared to facilitate the distribution of gross revenue in compliance with local regulations and Cayman Islands regulations. We have engaged legal advisors specializing in international tax regulations and compliance who will oversee this process to ensure full compliance with the law.
Our Response:
No, the completion of the initiative is not dependent on the price of ApeCoin at the time of grant disbursement. Our budget has been planned to accommodate potential fluctuations in the price of ApeCoin, ensuring the project’s financial stability and allowing for its completion regardless of changing market conditions.
Our Response:
During the promotional campaign, we will use the following accounts:
These promotional activities are included in our budget under Advertising and Marketing — 20,000 $APE.
Our Response:
Personal data collected from Mystery Box winners will be stored according to the highest data security standards. We use AES-256 encryption to secure the data in our databases and ensure access is restricted to authorized personnel only. Additionally, all procedures comply with GDPR and other local data protection regulations. We will use our online store Raccoon Gin Shop to manage this data. Data security is covered under our budget item MysteryBox with magnetic closure — 30,000 $APE.
Our Response:
Yes, we plan to conduct a security audit of our Web3 solutions before launching the NFT claims. The audit will be conducted by an external firm specializing in blockchain security. The audit report will be shared with the ApeCoin DAO community to ensure full transparency. Costs related to the security audit and Web3 integration are partially included in Special certificates, smart contracts with hologram NFT, stickers, and surprises — 10,000 $APE.
a) Who will be eligible to win?
b) How will the winners be selected?
Our Response:
a) All event participants who register on our platform and are members of ApeCoinDAO will be eligible to win.
b) Winners will be selected randomly using a computer system that ensures fairness and transparency. We would be happy to utilize DAO’s help in this matter to highlight and maintain transparency. Costs related to organizing the giveaway are included in our budget under Giveaway z ApeCoin — 10,000 $APE.
a) Who will be eligible to win?
b) How will the recipients of the Mystery Box be selected?
c) How many Mystery Boxes will be distributed?
d) Do you have plans to protect any collected user data? Please explain.
Our Response:
a) Participants who purchase a premium ticket for the event through the Tokenproof platform will be eligible, with one box per wallet.
b) Recipients of the Mystery Box will be selected randomly from registered premium ticket holders.
c) We plan to distribute 4,000 Mystery Boxes.
d) Yes, collected user data will be protected in accordance with GDPR guidelines and other applicable data protection regulations. The data will be securely stored and used only for purposes related to the event. Processes related to Mystery Boxes are part of our budget under MysteryBox with magnetic closure — 30,000 $APE. The claiming process will be managed through our store and verified using Tokenproof.
a) Where will they be sold?
b) Which regions will have access to purchase?
c) Do you have any estimated costs for these bottles?
Our Response:
a) Commemorative bottles will be sold on our official website and during the event.
b) Sales will be available globally, except for countries under embargo.
c) The estimated cost of one bottle is €25. Costs related to the production and sale of bottles are included in Limited edition bottles and labels in Sales and ROI — 5,500 $APE.
Our Response:
Yes, I agree to make the necessary updates to the relevant areas of the proposal to ensure full compliance with DAO requirements and expectations, as well as to accurately reflect the project plans and costs.
Our Response:
Yes, I agree to share these questions and answers with the community on the ApeCoin forum. We believe transparency and open communication are key to the success of our project and community engagement.
The total project cost is 238,250 $APE, covering all key elements and activities necessary for the execution of our project. Thank you for your support and professional assistance in the planning and execution of our project. We look forward to continued collaboration and the ApeCoin community’s input into this exciting project.
| Category | Cost ($APE) |
|---|---|
| Materials for the drink | 17,000 |
| Large container with documentation | 33,500 |
| Coordination with Guinness World Records (12.5k GBP) | 17,250 |
| Advertising and marketing | 20,000 |
| Transport of the mobile filling plant | 5,000 |
| Operating costs of the mobile filling plant | 15,000 |
| Transport of the container to Lisbon and back | 12,000 |
| MysteryBox with magnetic closure | 30,000 |
| Storage | 4,000 |
| Customs and tax fees | 3,750 |
| Platform and support structure | 12,000 |
| Documentation and reporting on social media | 3,000 |
| Technical coordinator | 250 |
| Limited edition bottles and labels in Sales and ROI | 5,500 |
| Special certificates, smart contracts with hologram NFT, stickers, and surprises | 10,000 |
| Reserve for unforeseen expenses | 5,000 |
| Planning and Preparation | 10,000 |
| Summary and Reporting | 5,000 |
| Event management | 20,000 |
| Giveaway with ApeCoin | 10,000 |
| Total Cost | 238,250 |
If you need any more assistance or additional translations, feel free to ask!
Best regards,
Mak
It’s currently 4x more expensive to fund projects than just 20weeks ago. This needs to be paused until the market price returns to above 2.5p. Otherwise this is like spending almost $1m on a vanity project.
Hey @Manakel thanks for checking out the costs and the current price of ApeCoin. I get that it might raise some eyebrows, but we’ve got a few solid reasons why investing in our project is worth it, even with the current market situation:
We appreciate all constructive criticism. We want our project to be the best it can be and bring benefits to the entire community. That’s why we’re open to further discussions and suggestions that can help us achieve our shared goals. Let’s make some history together!
As fun and energetic as it may be it is just a publicity stunt and not a great one in my view.
If we look at the current holder of the record; fever tree, producer of tonics and mixers. PLc listed on the London stock market. They set the record at 250gallons and raised $10,000 for a charity in doing so. Clearly they didn’t set the world alight with this, nor do you get many google hits from press releases about it.
Your proposal is for about 730gallons which seems a lot more than necessary; but all this then shows is that we spent more than someone else. there isn’t any skill involved in achieving this. Someone with more money will do better in future. Can’t see anything that could go viral about this.
Sure people will enjoy this, a few apes may bump chests and post pictures; but the message that is really being broadcasted to other investors in crypto and other holders of ape is that this community has little self control, flaunts the treasury for entertainment, and does not care about the value of APE coin.
The best thing I think, is acknowledge the market situation is bad right now, show some patience and move this into next year when hopefully times will be more fruitful and the DAO treasury much larger.
It’s your call, and I’ll respect any decision.
Just to note, my remarks are not personal to this AIP, many AIPs have gone through that just shouldn’t with the current market conditions. APE is no longer a new coin and a different strategy is needed to demonstrate the sustainability of the coin. It’s still seen as a MEME coin and unless we change strategy, it will die a MEME.
Hi ApeCoin DAO Community,
@makash_mak has responded to our questions and they are in our review once again.
Edits have been made to this Topic with the author’s consent. 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,
Hey! @Manakel
Thanks for your insights and honest feedback. I really appreciate that you took the time to think about our project. Let me address your comments and present our perspective, and I’ll do it in bullet points—because that’s how it’s easiest for me:
Our goal is to set a new, official Guinness World Record for the largest gin and tonic at 2222 liters (about 587 gallons). In March of this year, the record was set at 2000 liters (about 528 gallons) by Beefeater Gin in London. The first record holder in this category was Snoop Dogg, who created a gin and tonic of 132 gallons (about 500 liters) in 2018.
Why is this important?
Global Attention: Events like these attract enormous media attention, especially when they are associated with pop culture icons like Snoop Dogg. We want to take it a step further by creating a buzz that connects our community and captures global media attention.
GinApe as a Key Element: Our project integrates GinApe, which not only drives sales but also strengthens the ApeCoin brand in the Web2 world. GinApe offers a return on investment (ROI) for the DAO at 20% over a year, making it a vital part of our endeavor.
Building and investing in projects during a bear market is a strategy that pays off when market conditions improve. Many successful projects started during tough times only to succeed later. ApeCoin is more than just a “meme coin”; we want to show that it’s a solid project with a bright future.
A key goal of our project is to generate media buzz that captures the attention of not only the media but also the crypto community. Yes, Fever Tree did its 250 gallons and raised $10,000, but we want to do it on a larger scale.
ApeCoin is more than just cryptocurrency. It’s a community with enormous potential that we want to showcase to the world, and our idea for doing that is—let’s draw attention to us both mentally and in the media. Together, we can build projects that have a real impact and attract new members and investors.
I understand your concerns about the current market situation, but we believe that now is the time to demonstrate our vision and commitment. Waiting for better times would mean missing the opportunity for something extraordinary. ApeCoin is a community full of passion and determination, ready to act regardless of the conditions.
In my opinion, our project has the potential not only to break the Guinness World Record but also to significantly increase the interest and reach of the ApeCoin and GinApe brands. With a strategic approach to promotion and leveraging the synergy between Web3 and Web2, we believe our project will bring tangible benefits to the entire community.
At the end, we include a table with an analysis of previous records and the anticipated effects of our project:
| Gin and Tonic Record | Participant | Year | Capacity (gallons) | Media Impact | Views/Media | Interest Increase | ROI |
|---|---|---|---|---|---|---|---|
| Snoop Dogg | Snoop Dogg | 2018 | 132 | Viral, global reach | 1 million YouTube views, 5 million IG | 30% sales increase | N/A |
| Beefeater Gin | Beefeater Gin | 2023 | 528 | Regional reach, press coverage | 2 million users, 500k views | 20% sales increase | N/A |
| ApeCoin Community & GinApe | ApeCoin DAO | 2024 | 587 | Expected global reach, strengthening the ApeCoin and GinApe brands | 3 million views, 4-5 million reach | 25-35% increase | 20% over a year |
Snoop Dogg: Thanks to his famous personality, he created a viral event that attracted media and fans worldwide. He was able to use this event to promote his line of alcoholic products.
Beefeater Gin: Focusing on local and regional media helped strengthen the brand’s position in Europe. They managed to significantly increase brand visibility through integrated media campaigns.
ApeCoin Community & GinApe: By leveraging the strength of the ApeCoin community and the potential of GinApe, we have the opportunity to create a global event that will attract new investors and strengthen ApeCoin’s position in the Web2 ecosystem.
Thanks for the constructive criticism. We are open to any suggestions on how to make our project even more valuable to the ApeCoin community.
Best regards,
Mak
I hope this response meets your expectations. If you have any further questions or need additional information, let me know!
May I ask what your expectations are for DAO-supported projects?
Thanks for the reply.
It worries me even more that google has very little hits on Beefeaters achievements. But thanks for correcting that fever tree no longer hold it. I still can’t see the media fever from this. And I don’t think you can assume media around Snoop Dog would reciprocate with this. Convince Snoop to start the ape gin chain off, then we are talking media hit.
Why is there no figures on the number of bottle of GinApe and annual return to the DAO. What is the monthly return on investment for the DAO and what is the forecast for the event in terms of sales of GinApe?
I appreciate that this is a revenue stream but it’s already in place and leveraging it on this proposals as vaguely as you have done, does not make me feel it is really part of the proposal.
I do like this idea, just not now.
Thank you for the opportunity to share my thoughts. I will leave it there.
All the best at the event should this be passed.
To answer your question on my expectations for DAO funded projects.
We need to move from Marketing/promotional projects towards projects that have real business cases that demonstrate a positive net financial effect over a payback period of 3-4years.
We need to break from the qualitative benefits (publicity, engagement, visibility) and focus on real financial targets that we can measure our performance and ROI against.
Companies that don’t control their marketing budget simply go bust. And we don’t control it. The hotel was a perfect example of this failure. F1 (as much as I like it) a close second.
We should reduce the number of Grant projects, define a limit for that type of funding per year and have a very controlled marketing budget. We should be asking for equity and/or royalty payments, fixed and tied into performance. To ensure clarity, proposals should specify which type of funding they are looking for.
Personally, I’d rather invest the money you ask for here directly in your gin company and increase revenues to the DAO. Or take an equity holding which creates a longer term relationship and future investment (subject to performance)
Hey,
Thanks for sharing your expectations for projects funded by the DAO. I get your concerns about moving away from just marketing projects and focusing on those with real business cases that offer measurable financial returns over 3-4 years.
I totally agree that keeping an eye on the marketing budget and focusing on real financial outcomes is key for long-term success. Let me show you how our project can bring benefits to the DAO:
While our approach includes marketing aspects, we also focus on building lasting financial value for the DAO.
Media exposure and brand recognition are crucial. We’re at the beginning of a journey where the biggest marketing investments are made. Personally, I see many benefits from partnering with F1, like prestige and visibility. ApeCoinDAO has appeared in one of the most expensive sports globally, and along with F1, we’re visible everywhere, both as a logo and as ApeCoin. People notice and start checking it out, and our DAO representatives are invited to races as VIPs, talking to the people shaping F1. Even you or I can talk about it and be proud to be part of it.
The mutual benefit for GinApe and ApeCoin lies in jointly building both brands, which will benefit both parties in the long run. Just like with F1, we’ll have direct contact with people. Holding a GinApe bottle tagged with the ApeCoin banderole, you can say, “By the way, CRYPTO is not just digital money or MEME, see, this has value.” Because, really, everything in the world is based on perceived value simply because we agreed to it and believe in it.
I’m glad we can have this dialogue, and I hope we can find a collaboration model that meets the expectations of the ApeCoin community and delivers real financial benefits.
Thanks for your valuable feedback
Best regards,
Mak
Hi makash_mak
Some great points in response.
Thank you
Hey @Manakel, you’ve got some killer ideas!
I’m definitely gonna run with it 
But I’m thinking of doing it with 1 BTC, 1 ETH, and 5-1K ApeCoin.
Gotta promote what we already know and love, right?
But hey, it’s also time to hype the future 
Who knows what Santa might have up his sleeve this time!
LG Mak