Bored Passport / Otherside Residency

AIP Ideas
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1

PROJECT NAME:
Bored Passport / Otherside Residency

  • Showing loyalty to the Yuga ecosystem by obtaining residency with your NFT in the Otherside.

PROPOSAL CATEGORY:

  • Ecosystem Fund Allocation

ABSTRACT:

  • To ensure BAYC/MAYC/BAKC remain loyal to their NFTs we propose to establish a Otherside Residency respectively are Bored Passport. The residency will act same as nesting (similar to what PROOF is doing with Moonbirds). I locks the NFT in the Otherside. Owners with a bored passport cannot sell/trade their BAYC/MAYC/BAKC NFTs while in residency status (nested). To be able to sell/trade a BAYC/MAYC/BAKC NFT, the NFT need to be un-nested. Same procedure as apestake.io.

  • All nested NFTs receive ApeCoins for the residency period / nesting period as loyalty bonus.

BENEFIT TO APECOIN ECOSYSTEM:

  • Guarantee a strong committed community believing in the long term potential of Yuga.
  • Avoid farming on blur or other potential platforms as the residency is more appealing and able to create loyalty values within the Yuga ecosystem

PLATFORMS & TECHNOLOGIES:

  • No rocket science. Can be implemented at low cost in the current website.

STEPS TO IMPLEMENT & TIMELINE:

OVERALL COST:

  • IT set up cost would be in a healthy cost level. Apecoin rewards system to be decided by the Council.
2

Sup superbored! Technical question: isn’t that something that Yuga would have to implement?

3

Yes. Both Yuga and ApeCoin should set this up to link ApeCoin to the Yuga System. So it will be a full in-house loyalty program. Similar to what airlines do with their mileage programs.

1 Like
4

Hmm. I’m curious about how AIPs work that request/demand actions from Yuga directly.

5

Unfortunately, I’m not a MAYC/BAYC/BAKC Holder but this idea sounds cool for the community. Tbh, I don’t know the benefits for Yuga and how You’ll deal with them, but hope that You’ll find the way.

6

A legal loyalty program is what we do with our apecoins, we delegate or hold them for voting power, or even stake them to earn income, etc…

7

Hi @superbored ,

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

8

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

9

Hi @superbored

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.
  • @superbored 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