AIP-595: COLDLINK.XYZ APECOIN IMPLEMENTATION

Active Proposals AIP Drafts
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INTRO WAFFLE:
Good morning, Psych here from DFZ Labs, happy to be here and finally getting involved with APECOIN in a meaningful way. I’m not a fan of long winded text so I’ve formatted our initial proposal here as concisely as possible. I’ll be responsive here for any questions you have.

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TLDR:
COLDLINK can link APES to anything in the world & that should be powered by APECOIN.
Make Web3 fun again by enabling exploration into all sorts of weird cool sh*t with zero risk.

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PROPOSAL NAME:

COLDLINK.XYZ APECOIN IMPLEMENTATION

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TEAM DESCRIPTION:

BETTY
CEO & BD lead for DFZ (Co-founder)
Social & Creative Industries for 12+ years.
X profile: betty_nft

PSYCH
Director & Production lead for DFZ (Co-founder)
Full-stack production agency director for 12+ years.
X profile: psych_nft

WOCK
Developer & Lead Engineer for Coldlink
10+ years in full-stack development | 2+ years with DFZ
X profile: WockNFT

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PROPOSAL DESCRIPTION:

Coldlink.xyz is a new method (patent pending) of safely verifying on-chain assets & on-chain history in any location.

We propose that we (DFZ Labs via Coldlink.xyz) creates a custom version of our application that facilitates the use of APECOIN, to safely link APECHAIN/ETH assets to the entire current and future suite of coldlink.xyz endpoints.

Website: https://coldlink.xyz/
Gitbook + Whitepaper: Coldlink.xyz Whitepaper | COLDLINK.XYZ
Social: https://x.com/coldlinkxyz

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Here is a great summary of Coldlink on Bankless:

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Here is a great summary of Coldlink by Quit:

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BENEFIT TO APECOIN ECOSYSTEM:

Financial:

  • Process directly uses APECOIN
  • 20% of revenue goes back to APECOIN on all Coldlinks paid with APECOIN
  • Less hacks = Less sell pressure for entire ecosystem

Utility:

  • Safely link APE ownership to any MBA app, dapp, location or event.
  • Safely link APECOIN ownership to any MBA app, dapp, location or event.
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  • Broker APE relationships with web2 companies without them needing web3 infra.
  • Broker APECOIN relationships with web2 companies without them needing web3 infra.
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  • Safely reward on-chain history for holdings in cold locations eg. time held.
  • Safely reward the highest 1% tiers of APECOIN ownership with zero risk.
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  • Coldlink Yuga/Ape/APECHAIN assets to any Cross-chain L1/L2/L3 Address
  • Coldlink Yuga/Ape/APECHAIN assets to a Username
  • Coldlink Yuga/Ape/APECHAIN assets to an Email
  • Coldlink Yuga/Ape/APECHAIN assets to a Burner Address
  • Coldlink Yuga/Ape/APECHAIN assets to Made By Ape Apps/Dapps/Locations
  • Coldlink Yuga/Ape/APECHAIN assets to Event Tickets
  • Coldlink Yuga/Ape/APECHAIN assets to NFC Chips
  • Coldlink Yuga/Ape/APECHAIN assets to Onboard Systems
  • Coldlink Yuga/Ape/APECHAIN assets to basically f**king anything honestly.

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STEPS TO IMPLEMENT:

Start Date: Upon AIP approval.
End Date: Finish implementation 10-14 business days post approval.

Begin development upon approval.
Upon completion, post to the forum, evaluate & implement relevant feedback. (&/or foundation feedback)
Push live. (yay)

(cont. live ops) Team will continually enable all endpoint rollouts available for the general coldlink.xyz application for the APECOIN implementation as they are deployed.

Service will remain active for a minimum of 24 months with live ops.

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Current endpoints are: ETH SOL ADA XRP TAPROOT
Next phase of endpoints: DISCORD ID, STEAM ID, TELEGRAM ID

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REPORTING EXPECTATIONS:

  • We will alert the community to new endpoints for APECOIN via the forum & coldlink socials once per month.
  • We will make ourselves available for any developer or user questioning through our discord. (unless it’s anything weird like what am I wearing right now.)

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OVERALL COST:

Total amount requested from the ApeCoin Ecosystem Fund = 50K APE Please

A lump-sum payment is requested.
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Thanks for reading, if you wanna chat feel free to hit me on Twitter/X (psych_nft)
Coldlink.xyz is already live, so if you wanna test it out go ahead. Cheers!

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It’s an absolute no brainer IMO!

DFZ :handshake: APE
:man_zombie::handshake::gorilla:

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Hi @psych_dfz ,

The community feedback period for your proposal would be ending in roughly 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

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interesting AIP welcome DFZ

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Hi @12GAUGE.Admin - We would like to proceed with finalising our proposal, please have a moderator contact me for next steps. Thank you!

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

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Hi @psych_dfz ,

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.
  • @psych_dfz 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

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Hi ApeCoin DAO Community,

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

This proposal has been assigned the AIP ID Number 595.

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

Kind Regards,

-@Facilitators

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Thanks for reading our AIP Xavier!

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Thanks Dave appreciate you!

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Love the product, and the execution so far.

I just would love to see, a more detailed break down on the 50k ask. Sounds like a lot, when most of the work has already been done / it’s EVM compatible and doesn’t require a smart contract being deployed on ApeChain.

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Hi @Allo

Thanks for the kind words.

For sure, firstly it’s 50K $APE, so $25k at current market rates and keep in mind we give 20% of linking proceeds back to the foundation. :slight_smile:

The budget allocations are split evenly across four main workloads:
25%: Unique ApeChain Portal URL & ApeChain/ApeCoin Implementation
25%: Apechain/Apecoin Implementation Specific Auditing, 50/50 split for a re-up in 12 months.
25%: Endpoint Library Live Service Updates & Unique MBA Endpoints (24+ Months)
25%: Portal Live Service & Upkeep (24+ Months)

TLDR: The budget covers implementation and active upkeep/updates. Past the 2 year mark we’ll be well past the application’s infancy and will keep it live via self generated revenue, assuming decent uptake from ApeChain users, the foundation may also be well into profit by that point.

To clarify around your point about EVM compatibility, you are correct in terms of the ETH L1 implementation that is live, however Apechain is layer 3 and it’s own beast, mostly due to us adding the unique process of using APECOIN itself as the linking fee for verification. This requires a process of adding brand new functionality we haven’t made available in the core application.

I hope that clarifies the workload & budgeting, happy to dig deeper if needed o7

1 Like