Proposal Name
flip.meme | The pump.fun of NFTs on ApeChain
Team Description
Core Team
- Robin (Buzz | CEO)
Entrepreneur with over a decade of experience building companies across tech and blockchain. Co-founder of Spaace.io and the Dubai Ape Yacht Club. LinkedIn Profile - Theo (65 | COO)
Former COO of a top 50 French startup, scaled valuation from $3M to $500M with a $120M funding round led by KKR. Co-founder of Spaace.io and flip.meme, focusing on product development and operations. LinkedIn Profile - Pavlos (CTO)
Experienced technology lead with contributions to major blockchain projects like Ronin, Axie Infinity, and BSCS. Previous roles include work with Sky UK, Lloyds Bank, and Deutsche Bank. LinkedIn Profile - Shan (CMO)
Founder of Project Godjira and Redacted, backed by Animoca Brands and The Spartan Group. Drives multiple Web3 products and the $RDAC token across the market. LinkedIn Profile
Advisors
With a core team of passionate Web3 builders and strategic advisors, flip.meme is positioned to deliver a high-impact platform for the ApeCoin ecosystem.
Proposal Description
NFTs are back. Memecoins are hot.
Let’s create the hybrid on ApeChain.
ApeChain’s launch has brought the hype back to NFTs, with recent collections performing strongly and bringing new excitement to the ecosystem. At the same time, the memecoin meta has captivated the market, showing sustained interest and high engagement. flip.meme brings these two powerful trends together, offering users a platform to easily create, launch, and trade full NFT collections with the same simplicity and liquidity as memecoins.
flip.meme empowers users to create stunning NFT collections starting at just $1, eliminating traditional barriers like high costs, complexity, and time. With flip.meme, creating and launching an NFT collection is as simple as a few clicks — no artist or developer required.
Using a bonding curve pricing model, flip.meme enables NFTs to function as Non-Fungible Memecoins (NFMs). This unique model fills each collection’s liquidity pool with mint revenue, giving NFTs instant liquidity and allowing users to trade them as easily as memecoins. As a result, flip.meme turns NFTs into liquid assets while also securing traders against rug-pulls.
Mid to long-term, flip.meme aims to establish itself as the go-to platform for associating every memecoin with its own NFT collection. Beyond facilitating creation, launch, and trade of NFT collections, flip.meme envisions a world where top memecoins like PEPE, POPCAT, or BONK come with exclusive and official NFT collections, setting a new standard in the market to seamlessly bridge the mass adoption and virality of memecoins with the exclusivity and sense of community of NFTs.
The hybrid vision brings together the mass appeal of memecoins with the unique value proposition of NFTs, creating a new category that combines broad market reach with deep engagement.
Problems solved
flip.meme addresses several long-standing issues in the NFT space, including:
- NFT Creation Barriers: By using AI-driven design, flip.meme allows anyone to create full professional-grade NFT collections without artistic or technical skills where each NFT is different and varies in traits and rarity – democratizing access to the NFT market.
- Liquidity and Tradeability: With a bonding curve pricing model and liquidity pools, users can trade NFTs at market price instantly, addressing the liquidity limitations of traditional NFT platforms.
- Rug-Pull Protection: By securing all mint revenue in liquidity pools, flip.meme eliminates rug-pull risks, ensuring users’ funds are always safe and accessible for trading.
Rewards and Incentives
To enhance user engagement and drive ApeCoin demand, flip.meme introduces several incentives:
- Referral System with ApeCoin Rewards: Users can refer others to flip.meme, earning a percentage of trading fees in ApeCoin. This incentivizes user growth and reinforces ApeCoin’s utility within the ecosystem.
- Trading and Creator Rewards: Both traders and creators earn Flip Points when trading on collections launched by other users, which can translate into rewards or exclusive platform benefits.
Market Opportunity
flip.meme capitalizes on the strongest meta the crypto world has seen to date — memecoins. This project uniquely bridges the viral, community-driven nature of memecoins with the collectibility and individuality of NFTs, placing flip.meme at the forefront of a major trend. This blend of fungible and non-fungible token features not only enhances NFT liquidity but also appeals to a new generation of traders and creators eager to participate in the ApeCoin ecosystem.
By positioning flip.meme within this high-growth meta, the platform is set to attract a robust user base and generate significant engagement, driving further value for ApeChain and ApeCoin
Benefit to the ApeCoin Ecosystem
- ApeCoin as a Currency: All collections on flip.meme will be available to mint and trade using ApeCoin, generating continuous utility and demand for $APE.
- Community Engagement: flip.meme’s easy-to-use platform and liquidity-focused trading model attract a wide range of participants, from creators to traders, driving higher engagement across the ApeCoin ecosystem.
- Driving New User Adoption: By capitalizing on the memecoin meta and merging fungible and non-fungible tokens, flip.meme brings a fresh audience to ApeChain, increasing the chain’s utility and expanding its market reach.
- Referral Rewards in ApeCoin: The referral system rewards users in ApeCoin, encouraging community-driven growth and reinforcing $APE’s role within the ecosystem.
Definitions
- Bonding Curve: A pricing model where token price increases as demand grows, used here to dynamically price NFTs during minting.
- Liquidity Pool: A reserve of funds ensuring continuous trading for each collection, securing liquidity and preventing rug-pull risks.
- Non-Fungible Memecoin (NFM): Liquid NFTs that combine the collectible traits of NFTs with the tradeability of memecoins.
- Rug-Pull: A type of scam where creators abandon a project post-funding. flip.meme mitigates this by locking funds into liquidity pools, ensuring accountability and liquidity.
Steps to Implement
1. Project Planning and Setup
• Objective: Finalize project scope, roles, and technical requirements.
• Timeline: 2 days
• Associated Costs: $3,000
• Personnel: COO, Project Manager, CTO
• Platforms/Tools: Notion, Slack, Asana/Jira, GitHub
2. Design and Prototyping
• Objective: Develop design mockups and prototype the platform.
• Timeline: 1 week
• Associated Costs: $10,000
• Personnel: COO, Project Manager, UI/UX Designers
• Platforms/Tools: Figma, Notion, Asana, Dropbox, Slack
3. Development
• Objective: Build the core platform, integrating ApeChain and bonding curve mechanics.
• Timeline: 4 weeks
• Associated Costs: $100,000
• Personnel: CTO, Front-End Developer, Back-End Developer, Blockchain Developer, CTO, Project Manager, QA Tester
• Platforms/Tools: GitHub, AWS, Slack, Asana/Jira, Notion, Figma, Slack
4. Testing and Quality Assurance
• Objective: Perform end-to-end testing to ensure platform functionality and security.
• Timeline: 1 week
• Associated Costs: $10,000
• Personnel: COO, QA Tester, Project Manager
• Platforms/Tools: Selenium, Bugzilla, Asana/jira, Notion, Slack
5. Marketing and Community Engagement
• Objective: Launch marketing campaigns to build awareness and drive early adoption.
• Timeline: 2-3 weeks
• Associated Costs: $69,000
• Personnel: CMO, Community Manager, Partnerships Manager
• Platforms/Tools: Figma, X, Telegram, Notion, Photoshop, SocialBlade, Discord, Asana
6. Launch and Post-Launch Support
• Objective: Launch the platform and provide ongoing support and updates.
• Timeline: Ongoing
• Associated Costs: $15,000
• Personnel: Development Team
• Platforms/Tools: Slack, GitHub, Notion, Discord, Intercom
7. Post-Launch Development
• Objective: Continuous R&D and development of new features.
• Budget: $30,000
• Timeline: Ongoing
Reporting Expectations
We will provide monthly updates on design, development, strategy, and go-to-market progress, along with regular public updates on X and Telegram to keep the community informed.
- TL;DR: Bullet-point summary of key updates for the past month.
- Detailed Report: Comprehensive Notion document covering progress across all steps.
Timeline:
- Reports will be delivered monthly, starting from the end of the vote.
- Reporting will continue for 12 months (one calendar year).
Overall Cost
Total amount requested from the ApeCoin Ecosystem Fund = $249,000 USD
To align with the DAO’s guidelines, we propose breaking the funding into three tranches:
- Tranche 1 (Start): $100,000
• Covers project planning, design, and initial development.
• Milestone: Completion of design and initial prototyping phase. - Tranche 2 (Development): $100,000
• Covers core development, integration, and testing.
• Milestone: Successful completion of platform development until Beta (open to DAO members). - Tranche 3 (Launch and Marketing): $49,000
• Covers marketing, community engagement, and post-launch support.
• Milestone: Platform launch and initial marketing campaign execution…
Budget Breakdown:
- Project Setup: $3,000
- Design and Prototyping: $10,000
- Development: $100,000
- Testing and Quality Assurance: $10,000
- Marketing and Community Engagement: $69,000
- Launch Monitoring: $15,000
- Post-Launch Development: $30,000
- Contingency: $12,000