Apecoin the Sequel: Apecoin 69 Turbo

Apecoin the Sequel: Apecoin 69 Turbo:

TEAM DESCRIPTION:

My name is grimy frankie. I am not very relevant. I once ran for apecoin special council and just wanted to re-offer this solution during apecoin’s time of need :saluting_face:

  • No relevant professional and academic history to include
  • My preferred communication platform is twitter handle @grimyfrankie

PROPOSAL DESCRIPTION:

so we blew it. it happens. daos are weird. now a bunch of powerful special interests have ruined the fun for monkey token. there is one simple solution that would make everyone happy. Free stimmy. Free stimmy tokens. do it. you know you want to. I present the sequel to this adventure:

APECOIN 69: TURBO

BENEFIT TO APECOIN ECOSYSTEM:

Right now, people don’t like apecoin. If you give them a new token for free and act less serious all the time, they will like apecoin again. Another reason people don’t like apecoin is because interests are going to attempt to drain the treasury for all we’ve got as soon as they figure out if they can make the AIP pass by buying off special council members without integrity even though no one wants it.

The answer is simple:

You give the money to apes before the VCs and special interests literally steal it.

I think if you made Apecoin 69: turbo - people would be happy that you gave them something. The money would also be better in the pockets of the community rather than special interests or frankly half the stuff that passes. I also think that they would see apes taking themselves less seriously and have a better public image. I think those are two very serious benefits to the ecosystem - people actually being happy/liking apecoin, and apecoin’s public image

DEFINITIONS:

Don’t think any are necessary. If I refer to a token its probably Apecoin 69: Turbo. VC means venture capital. when i refer to apes and mutants I mean bored ape yacht club and mutant ape yacht club

STEPS TO IMPLEMENT:

Take money, put it in a liquidity pool for Apecoin 69: Turbo, drop the token to some early holder snapshot. I don’t know the best way to determine who to airdrop. I don’t think its fair to drop to everyone that held the whole time because that turned out to be a poor financial decision and you’ll end up dropping half of apecoin: 69 turbo back to the vcs. You could drop it to current holders, but you’ll probably run into the same situation with VCs trying to buy the tokens. I personally think the money should be dropped to apes/mutants (and gucci grails, I already know everyone will shoot that part down but i had to throw it in) - because they’re probably more real humans, and if VCs own the NFTs they at least have more of an interest and a desire to actually make the ape and apecoin community succed - rather than the current apecoin holders that are incentivized to continue sucking out money and manipulating proposals.

After airdropping token to apes, burn the liquidity. The full 2.1 million dollars. It will be a purposeful slerf like nothing you’ve ever seen. Thats why I included the word “turbo” in the name. You can do it on base which will make it fee free basically and easy to drop to ETH addresses, or solana if you want to setup a claim. I think either chain would go nuts after a 2.1 million dollar liq burn

if there are any issues that prevent apecoin from launching their own token, then I alternatively propose you literally just make a pump fun token (or let me do it) and put the money in their since its fair launch and then send it to apes proportionally.

  • Start date: immediately, before the rest of the money is drained
  • Milestones:
  • Creating token: Apecoin 69: Turbo
  • Sending token to apes/mutants
  • Burning or locking the funds for this proposal in the liquidity pool
  • Done. That’s it. Only 3 milestones and apecoin is saved.
  • I don’t think there are really many associated costs, personnel, and platforms needed for each step. If you want ill do the whole thing for like $100

OVERALL COST:

Present your grant request using the following format:

“Total amount requested from the ApeCoin Ecosystem Fund = $2,100,000.”

  • Notice that the amount that would go in the liquidity pool and the total amount needed is exactly how much is being proposed for a literal marketing booth in asia - and then imagine that money going to you and your friends instead of VC. DO THE RIGHT THING and burn it in a liq pool for the apes and for the culture.
  • Again, if you really need someone to launch the token for you ill do it for $100 or just make a pump.fun

REPORTING EXPECTATIONS:

I really don’t expect this to take very long. Reporting will be done at each of the milestones above via the official apecoin twitter.

While this asks for significantly less money than a similar proposal, I don’t think draining the treasury in the form of a stimulus for individuals who may or may not be actively participating in moving the space forward is the best use of treasury funds.

With as many creative and dedicated people as we have wanting to push this ecosystem forward, I’m confident we’ll find ways to incentivize and reward ApeCoin advocates.

2 Likes

Thanks for your comments. I wanted to address a few points you made:

While this asks for significantly less money than a similar proposal, I don’t think draining the treasury in the form of a stimulus for individuals who may or may not be actively participating in moving the space forward is the best use of treasury funds. - the part of this I am the most unsure about is how to most fairly distribute the airdrops in a way prevent any benefit from reaching conflicting special interests (like mocaverse) and venture capital beyond what they’ve already been able to extract. I am open to any suggestions as far as where the stimulus would go, understand that some may not agree with apes and mutants getting it but also something needs to be said for how deeply this DAO is able to be manipulated by a few powerful parties - and that quick measures need to be taken to prevent them from exploiting any further. Perhaps a drop to all Yuga collections. I would like to reward each holder of 1 apecoin but have a feeling that while there are many active members there are many bots with low balances being used for what are effectively Sybil attacks on the DAO.

Do you agree with this sentiment but disagree with an airdrop/who the airdrop would be going to or do you disagree with the entire concept?
With as many creative and dedicated people as we have wanting to push this ecosystem forward, I’m confident we’ll find ways to incentivize and reward ApeCoin advocates.
[/quote] while I agree with this, I am concerned that the amount of time and opportunity cost that will be spent if people subdue their frustrations and allow these interests to continue quietly utilizing the DAO the way they have been suggests an urgent and time sensitive need for intentionally allocating the remainder of the treasury.

Hi @Grimyfrankie,

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

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