ApeCoin

ABSTRACT

It costs $9 million to sweep 100 Bored Apes and 200 Mutants. I propose we buy them, hold them in the treasury, and allow game companies to submit proposals requesting them in addition to or in lieu of Apecoin for game prizes and rewards.

BENEFIT TO APECOIN ECOSYSTEM

I’d love it if we were in an environment in which there were multiple play-to-earn games with significant prize pools creating Apecoin demand for their mints (assuming powered by Apecoin / Apecoin only mints). I find it hard to think of a better use for $9 million dollars in DAO funds than incentivising new entrants to buy Apecoin to compete for valuable prizes (Ape NFTs).

$9 million dollars was arrived upon after calculating the rough cost to purchase 100 Bored Apes and 200 Mutants. The cost of these NFTs is highly volatile so this AIP specifies a dollar amount to spend rather than a number of NFTs to purchase. The number of Bored Apes and Mutants is proportional to their maximum supply, and large enough to create attractive prize pools in the Apecoin ecosystem.

OVERALL COST

$9 million USD

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-320-the-sweep-for-accelerating-web3-gaming-adoption/17422

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.