Moca DAO

The below contents are duplicated from the ApeCoin DAO Snapshot:

https://snapshot.org/#/apecoin.eth/proposal/0x815f41ffc4d612966bee102e946421d42e22d3fde67aa6dba404b49393e46a3a

Members will vote with Moca NFTs on our Moca Snapshot. Delegated voting will then be done on the ApeCoin DAO Snapshot with the Mocaverseape.eth wallet.

Read, research, discuss - See what you think, fellow Mocas! Make your voices heard.

------------ ApeCoin DAO Snapshot Contents --------------

ABSTRACT This AIP aims to build an ecosystem of GameFi NFT-based DAOs and vault, powered by ApeCoin. Using smart contract wallets, the AIP will establish a lend/borrow NFT assets & rewards vault for the game community.

The ApeDAO wanted to implement active user engagement in a Game community by enabling GameFi Segment with the DAO and smart contract Wallets. As NFT-based P2E games grow in popularity, NFT asset management ecosystems - driven by the community - are becoming essential, as they allow asset rotation among active community members. This maximizes the potential of NFT DeFi.

Gamified DAOs are built in a way that only allows active wallets to keep the assets and continue participating in the game. For inactive assets, the DAO will run a vote to pull them from the member wallets and into the vault. The assets will later be reallocated to other members, as per the policy set by the DAO members.

This approach increases NFT scarcity and price in the market which will eventually attract more buyers and investment in the ApeCoin-driven DAO community. Furthermore, the DAO will offer incentives to participating voters, creating a constructive cycle of engagement.

All the DAO processes will run on a predefined set of rules to streamline community governance.

Each game community will have its own DAO and members where rules of governance and different policies are defined by the community members. Once the governance is established, a dedicated vault is created/ deployed for each community to lend their assets either as an individual member or through a community proposal for pooled resources. The community can buy assets for the vault to be later lent to the players and earn rewards based on a distribution set by the DAO distribution policy.

BENEFIT TO APECOIN ECOSYSTEM Only the APE Coinholder will have the opportunity to create and engage in game DAO and vaults. Thus, anyone who plays games using the vault assets must hold APE coins, the DAO member will receive a share of rewards, in some cases without engaging in the game directly (feature to be explored at a later stage).

• Bring in new members to the Ape community and effectively grow the community
• Enable a safe and fair lending system to “put to work” all NFTs, thus increasing their use cases, value, and market dynamics
• Attract more players to the Ape-related games through the ApeDAOs and large investors and guilds
• Make the ApeCoin ecosystem, in general, more guild-friendly; large investors and guilds would feel more motivated on investing in Ape-related NFTs and projects and bringing their network into the action

OVERALL COST $520k denominated in APE coins

2m STZ tokens will be given to the ApeDAO as partnership value, equivalent to 2.02% of the token’s total supply. (STZ tokens will have a 6 months lock up period, starting from the day the ApeDAO fund are received.)

PROPOSAL Link to the full proposal: https://forum.apecoin.com/t/aip-381-apecoin-powered-gamefi-daos-vaults-resubmission/21125

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.