AIP-65: To incentivise decision making activity by rewarding active ApeCoin DAO members with free NFTs from a new collection - Brand Decision

Proposal Name: To incentivise decision making activity by rewarding ApeCoin DAO voters with free NFTs from a new collection

Proposal Category: BRAND DECISION

:space_invader: Abstract | Two or three sentences that summarize the proposal.

To create a new NFT collection and allow mint NFTs for free to reward active ApeCoin DAO community members in order to incentivise voting. There should not be any selling during the minting event, only those who voted will be able to mint.

:space_invader: Motivation | A statement on why the APE Community should implement the proposal.

DAOs are crypto’s most important innovation. Voting in the initial stages of DAOs development are most important, first decisions will determine further destinies of communities. At the same time ApeCoin DAO voting activity in the first months is very low. There are around 77,000 $APE holders, but the ApeCoin proposals are receiving only 907 votes on average.

So weak voting activity creates more centralization with very high risks that some proposals may be sabotaged or promoted by small groups of players, influencing future directions of the DAO that the majority of holders doesn’t want.

Also, it’s not healthy for the community when only a very small part of members are interested to vote and learn about the ecosystem.

We need to eliminate these risks and bring more decentralisation and democracy to the decision making process. In order to achieve this I propose organising a free mint of a new high quality NFT collection as a reward for active votes.

:space_invader: Rationale | An explanation of how the proposal aligns with the APE Community’s mission and guiding values.

ApeCoin DAO was created because decentralised governance is the most important part of building a globally wide community. Democracy is vital for the success of the APE ecosystem. But it’ll never work without decentralisation.

Animoca Brands CEO, Yat Siu, said:

"The best defence of a functioning democracy is a high level of education. And in the case of Web3, we still need to educate a lot of people. People don’t understand the space. What is it, DAO? How’s the token work? Why don’t I get this much? How does it benefit? We’re early in the process, and it’s all part of our duty to help bring people to the level.”

And this is what I want us to do as well, and I am ready to devote myself entirely to the idea, and looking for soul mates in this endeavour. I want us to incentivise as much as possible $APE holders to learn through actions - exercising their right to vote. Which will also lead them to the ApeCoin forum and into ApeCoin DAO space, to read proposals, participate in discussions, create their own proposals, coordinate and build together.

:space_invader: Key Terms (optional) | Definitions of any terms within the proposal that are unique to the proposal, new to the APE Community, and/or industry-specific.

There is no new terms.

:space_invader: Specifications | A detailed breakdown of the platforms and technologies that will be used.

As @4437 suggested I will use NiftyKit tool for technical generation of the art, metadata, smart contract, mint/drop site, this will ensure that we will avoid underwater rocks on these stages. Twitter, Discord and Medium for social media.

:space_invader: Steps to Implement | The steps to implement the proposal, including associated costs, manpower, and other resources for each step where applicable.

I will allocate $200-300k from my own savings to 100% fund the project, most of the funds will go as a reward for artists to ensure extremely high quality of arts. Also funds will be allocated to SM managers, PR services, developers, etc.

In order the incentivisation activity to work properly we should ensure that the biggest part of $APE holders will be informed multiple times via ApeCoin DAO main communication channels (Twitter, Instagram, Website) about the opportunity to get rewarded for voting and decision making activity.

How will the NFTs can be distributed

  • ApeCoin DAO members will be able to mint for free one NFT for each 50,000 of $APE tokens used to vote in total. For example if you hold 10,000 $APE tokens, you need to vote 5 times with them to get one NFT. The collection can be prepared in around 4-5 months. I bet that we will see around 30-40 proposals for this time.

  • Authors of proposals will be rewarded by one NFT for each proposal that was successfully accepted via ApeCoin DAO.

  • Each of the 20 most useful community members will get one NFT. @RedVulkan suggested to reward active forum members, and I agree that we should do so. Since all metrics can be altered, I propose that I will just hand-pick 20 community members that contributed the most value. I promise that I will not pick myself :smiley:

A cap on the number of NFTs that one wallet can mint: 5 NFTs.

The reward that will reflect voting activity will work the best and will help us in 3 ways:

  1. We will incentivise more $APE holders to participate in the Governance, making the decision making process more decentralised

  2. We will increase value of $APE tokens, since it will be additionally rewarding to use the tokens

  3. New voters will self-educate themselves during the voting processes, making the ApeCoin community stronger and healthier

:space_invader: Timeline | Relevant timing details, including but not limited to start date, milestones, and completion dates.

Below is the basic roadmap I came up with.

Stage A (R&D Research & Development) - The first two months after the vote conclusion:

This stage A is critical to the project’s success, the more time and energy we spend here the smoother things will run once we begin final art working.

We will research market, compile reference art, create original mood boards, character sketches, hire important stuff, build social channels.

R&D TARGETS:

  • FULL creative overview for the collection including blueprints for the character designs & Variations
  • FULL list and visual references for character traits
  • FULL list of names & Development of the Concept
  • Complete a rendered draft of character concept & tests with rarity traits

Stage B (Design & development) - 3rd-4th months

This stage is the main processing, development and modification of the core character artwork. I will interview & select 3 artists. The artists will work on design details for the collection. I will provide full creative instruction and communication to manage each artist and expectation. The aim is to begin physical design on final artwork, steady development of traits & layers, review & revisions.

Also I will find and hire designers, tech specialists and social media managers to develop a website and prepare the minting event.

Stage C (Final generation and resolving of unpredicted issues if any) - 4th month

  • Finalise all ‘traits & layers’ for artwork generation.

  • Artwork Test

  • Generation of full 10,000 collection

  • Website and mint tests

  • Troubleshoot / Revisions

Stage D (Additional creative collaterals) - During all the process

Alongside the character artwork creation a number of key collaterals will be required for promotion and various online platforms. I have begun to compile a list below of the various collaterals I consider required at this stage :

  • Branding - Logo/s for various requirements
  • Banners & Avatars - For socials and online usage
  • Website artwork - Designs for a simple webpage covering the ‘Lore’, Overall Concept.
  • Modified character artwork for promotions
  • Promotional teasers
  • Videos about the production

Also, I have a number of creatives that may be interested in collaborating along the way, these range from motion graphics artists and animators who could assist us in developing animated elements -through to musicians and artists that may be interested in endorsing or supporting the project once we are ready to tease the concepts. This is more of a discussion for later when we are looking to tease and promote the collection or bring in collaborations to help with positive press coverage.

If you like the idea and have experience or other connections that can help to achieve the goals, please suggest your help in the comments or PM me.

:banana:About me:

I am a BAYC, Otherdeed and $APE holder. Author of the proposal to stay with the Ethereum ecosystem.

My ETH address: bayc2491.eth if you want delegate your vote

You can also contact me via Twitter with any questions https://twitter.com/BAYC2491

5 Likes

Love this idea as a way to drive more participation in voting and to hopefully incentivize people to utilize this forum more. Would love to help in any way I can.

Would be cool if these NFTs had some kind of perks associated with them (getting you into event XYZ, getting you discounts on things like merch, promos, etc.).

I know we have the different trust levels the more someone participates on this forum, but it would also be cool to tie in the reward system you mentioned above to participating here as well. There are many different communication channels right now but this could be a way to incentivize people to chat together at one central location.

4 Likes

Ofcourse I upvote this idea. Active community members should be incentivized. Will new NFT be dropped to flipper or granted to active community member? :grin: Well, community is crucial what can I say

4 Likes

We can use soul-bound tokens as the rewards to prevent from being sold/resold on the secondary markets.

We can use https://niftykit.com to do the technical generation of the art, metadata, smart contract, mint/drop site. This should reduce the time it takes to start minting and will remove the need to hire and find developers to create all of this. No need to reinvent the wheel.

We can token-gate special exclusive ape deals based on how many and which type of NFTs you’ve received.

Excited for this, love the idea.

4 Likes

We can use soul-bound tokens as the rewards to prevent from being sold/resold on the secondary markets.

Talking about no selling, I mean just that the minting of the collection should go fully without selling, only free-mint for eligible voters. I have nothing against soul-bound tokens and this option can be used more often! But not sure if this will work here because we should then find an utility for the soul-bound NFTs or tokens that will reward better than ability to potentially make profit by selling on secondary markets.

As one option I have an idea to reward with soul-bound tokens which will multiply a vote, and this sounds promising, but the strategy will work only when we will make a large number of holders to get interested in voting. What we can do here? Take a few months for incentivising holders to vote, to learn and understand the value of voting, and then create a separate proposal to reward users with soul-bound tokens which will increase the power of votes. Thus we will have an NFT collection that will boost decision making activity as the first stage, but limited by time. And then we will be able to offer rewards with tokens for voting, as a life-time option. This is what we should definitely think about.

2 Likes

Ofcourse I upvote this idea. Active community members should be incentivized. Will new NFT be dropped to flipper or granted to active community member? :grin: Well, community is crucial what can I say.

I am suggesting to allow free mint one NFT for each 200,000 of $APE tokens used to vote in total. Not totally sure about the number at the moment. For example if you hold 10,000 $APE tokens, you need to vote 20 times with them to get one NFT. The collection can be prepared in around 4-5 months. I bet that we will see around 30-40 proposals for this time.

2 Likes

Would be cool if these NFTs had some kind of perks associated with them (getting you into event XYZ, getting you discounts on things like merch, promos, etc.)

We can token-gate special exclusive ape deals based on how many and which type of NFTs you’ve received.

Looks like additional perks is what we should consider together.

And just a fast and vague idea to keep here and think about. I can organise a movie or web series production, and one of perks can be for example that some NFT characters will be used as one of a potential movie characters, another perk - names of some holders or NFT characters, or QRs with links to NFTs in closing credits of a movie as a perk.

I know we have the different trust levels the more someone participates on this forum, but it would also be cool to tie in the reward system you mentioned above to participating here as well. There are many different communication channels right now but this could be a way to incentivize people to chat together at one central location.

Nice idea to reward for activity on the forum. Can someone suggest if it’s technically possible to associate a profile in the forum and ETH address of the author? Also, how we can avoid grinding with low-quality posts?

3 Likes

The topic will close in 8 hours, anyone to add something in the discussion?

2 Likes

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

Hi @ASEC,

Are you content with the feedback received, or do you wish to extend community discussion for a further 7 days?

We look forward to hearing from you.

- river

3 Likes

Thank you @ASEC for your ideas and the ApeCoin DAO community for the thoughtful discussions. A moderator will get in touch with the author to draft the AIP in the appropriate template. Once the AIP is drafted and meets all the DAO-approved guidelines, the proposal will be posted on Snapshot for live official voting at: Snapshot

Follow this Topic as further updates will be posted here in the comments. @ASEC please see your messages for the next steps.

- river

1 Like

Hi ApeCoin DAO Community,

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

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

Kind Regards,

- river

1 Like

Love the idea, but wish there was a lower threshold for rewards to encourage more members to participate

3 Likes

Maybe you are right. Your suggestion to think about?

1 Like

There are around 77,000 $APE holders, but the ApeCoin proposals are receiving only 907 votes on average.

Update of the data, there are 78,607 $APE holders and only 953 average votes per proposal at the moment.

4 Likes

My team is preparing a palette of 1,000 new colors visualized through unique NFT arts. Will the community interested to use the colors, arts or names as some of rarity traits? In exchange and as a sign of commitment to the ApeCoin ecosystem we are ready to buy and airdrop $APE tokens via all our holders to popularise the token and the DAO. If interested I can PM examples of the NFTs and answer questions.

1 Like

Hi ApeCoin DAO Community,

@ASEC has responded to our questions. These were reviewed and a list of follow-up questions was sent.

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

Kind Regards,

-moonkt

1 Like

Hi ApeCoin DAO Community,

@ASEC has responded to our follow-up questions and they are in our review once again.

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

Kind Regards,

- river

3 Likes

Hi ApeCoin DAO Community,

@ASEC has requested to make changes to their AIP Draft. Kindly note that the post has now been edited to reflect these changes. You can view the previous version by clicking the pencil icon at the top right of the post.

Kind Regards,
- river

2 Likes