Profile of Forj in ApeCoin

Posts by Forj

• AIP-397: NFT Launchpad Powered by $Ape! by Forj - Accepted AIP Author
  Posted on: Feb. 6, 2024, 4:43 p.m.
  Content: Hi @penguinpecker, Forj is the author of AIP- 209 : Ape Accelerator powered by ApeCoin The Ape Accelerator includes an Ape NFT launchpad, allowing $APE holders to participate in NFT Sales. The Ape launchpad will soon go live with some of the best and most exciting projects in Web 3 . Stay tuned! Here is our website and twitter. Thank you for mentioning @Moonlyght and @furiousanger :smiling_face_with_three_hearts: Best, Forj Team
  Likes: 6 Replies: 2
  Likers: bigbull, 0xWebMoss, furiousanger, Moonlyght, DGT, doberdanny
  Replies:

  • penguinpecker: Can you be more specific about technicalities about Accelerator and ability of ape holders to participate in nft sales? Since what i can understand from Accelerator is, its going to handpick the given projects from a pool of the projects and only selected projects will be allowed to launch through forge? Is that correct?? Also about the launchpad, is it gonna be automated tool or the contracts will be custom created for each project manually?
  • Moonlyght: Great thanks for letting us know you guys are still there and building!
• List of Ape Businesses , side projects and use of IP by Forj - Accepted AIP Author
  Posted on: Feb. 20, 2023, 10:31 a.m.
  Content: Hi Mantis and @SandmanNY Thanks Mantis for the acknowledgment! Here is the Yuga Lab Ecosystem Map that Forj updated monthly since August 2022 . https://twitter.com/harry_forj/status/ 1622517316305969152 Yuga IP ecosystem map by Forj(Feb 2023 ) 1127 × 4096 464 KB We are very excited to see the number of projects joining the Ape ecosystem grow from 70 + in Aug 2022 to 240 + in Feb 2023 ! To accelerate the growth of ApeCoin and BAYC ecosystem, Forj is also proposing the Ape Accelerator (Ape Launchpad) AIP- 209 : Ape Accelerator by ApeCoin, incubating and facilitating projects that contribute to, and utilize, ApeCoin and BAYC IP. Looking forward to see more projects joining the Yuga Lab IP ecosystem! Cheers! Forj Team
  Likes: 4 Replies: 0
  Likers: furiousanger, Lost, adventurousape, Abr123
  No replies yet.
• AIP-209: Ape Accelerator powered by ApeCoin by Forj - Accepted AIP Author
  Posted on: Feb. 6, 2023, 7:58 p.m.
  Content: Hi Halina, Thank you for the questions! The target submission is 2 projects per month. However, the bear and bull NFT market affects this number. Now we are seeing higher volume of projects looking to launch. i.e. Shilly’s album As you can see in our financial projections, we aimed to launch 1 project per month. The Ape launchpad focuses on high quality projects that can bring return to the community, instead of quantities. Projects who demonstrate strengths, ie. hit PMF (product market fit) will be more likely recognized by the community and sent over for launch. For example, Pixels who has 1 M monthly traffic will be a great project to launch. We are advising them to integrate BAYC IP to the game. We are chatting with a lot of projects every week.Our team just chatted with Ape Water and Storyverse who want to launch. Last year Forj launched 3 projects, all of them were successful. Again, Quality > quantity. At the end of the day, participants and builders benefit from a quality launch. Official recognition means a lot. If feasible, we prefer to be featured on the ApeCoin website as it increases credibility and participation rate for ecosystem projects. The other alternative is to set up its own domain. We secured apeacceleator.com as a potential domain option. The goal is to become self-sustaining as outlined on the financial spreadsheet. After the initial 6 months, the DAO excess profit accumulated in the first 6 months will allow us to cover the Ape Accelerator’s ongoing operation expense. The success of Ape Accelerator is defined by ROI, the success of launched projects, and the traction it brings to the DAO, ApeCoin, BAYC IP. Following these parameters, we may submit AIPs in the future to make adjustments accordingly. We appreciate your feedback! Best, Forj Team
  Likes: 7 Replies: 0
  Likers: 0xSword, Harry, Halina.eth, adventurousape, 4437, Abr123, MaCoffe
  No replies yet.
• AIP-209: Ape Accelerator powered by ApeCoin by Forj - Accepted AIP Author
  Posted on: Jan. 26, 2023, 4:23 p.m.
  Content: Hi 0 xSword and ApeCoin Community, In additional to @Harry 's thread above, here are FAQs from the community in the previous proposal: 1 . Is there any accounting for longstanding holders who may have been looking for an opportunity like this? Everyone has a fair opportunity to submit projects on Ape Accelerator. Team experience, product, tokenomics, business model sustainability, and utility are all important criteria for project evaluation. BAYC and MAYC long-standing holders would be considered higher credibility than non-BAYC/MAYC holders. It will be up to the DAO members to conduct due diligence and vote on which project to proceed forward. 2 . How to differentiate a project that should be submitted via the standard mechanics on Discourse, from a project that should be proposed in the Launchpad? The current AIP structure sticks around for branding-type projects, and is more generic that covers decisions for ecosystem fund allocation, brand decision, process, information that don’t involve staking $APE or using $APE. While launchpad is aimed to bring the Ape community exclusive access to various web 3 native projects before other communities. With the Ape Launchpad, we together as a community can contribute, fund, and empower the growth of the ecosystem. 3 . Why give the initiator the “option” to raise in $Ape or other token,instead of ApeCoin only? The current plan requires launchpad projects to raise a % of funds both in $APE and stablecoin. This is designed to reduce the selling pressure of $APE after the launchpad sale, and lower market price volatility of $APE. Explanations as follows: Reducing sale pressure: Projects conduct launchpads to raise funds to support their business operations, and owing to the volatility of $APE many projects will choose to immediately sell the raised $APE in a large volume which will increase further sell pressure. Allowing projects to raise both in stablecoins and $APE (fixed % of both) will allow them to immediately fund their operation through stablecoin and also provide an incentive to hold the % of $APE they received and further integrate into the APE Community. Asking projects to lock tokens/vest $APE is a potential solution but this can detract good quality projects who need liquidity to grow from wanting to participate in the launchpad. Price volatility: Since the $APE price fluctuates daily, whenever there is a new launchpad sale the amount of $APE required for purchasing each project token/NFT on the sale date (which will have an indicative $ value assigned to it by the project) will vary. This means that if the $APE price drops by 10 %, participants suddenly require 10 % more $APE to purchase the NFT/Token on the day. Giving users the option of purchasing using $APE or stablecoin on the day will ensure a better user experience, and of course the $APE token entry requirement remains in place either way and it’s this that is the primary driver for healthy tokenomics. In terms of what percentage of launchpad sales are raised using $APE, it will range from 30 %- 100 % depending on the $APE’s performance which is primarily driven by its utility. As more projects are introduced to the APE ecosystem by Launchpad, $APE will have more use cases, not to mention upcoming launch of Otherside. We are looking to increase the ratio of using $APE to stablecoin, or $APE only for launchpad sales in the future, if $APE becomes the fundamental token with a stable price. 4 . Voter Incentive misalignment Paying voters with revenue share is designed to encourage the community to conduct their own due diligence and select best projects to launch on Ape Accelerator. 100 - 200 voters will be randomly selected from all voters and share the 0 . 5 % to 1 % of commission in $APE token to avoid any complications around currency conversion rates etc. The commission comes from the sale conducted in $APE. This way, we ensure fairness and no voter gets large rewards. How would the voters be chosen? We will use snapshot dot org’s function to export a CSV file. A random function on the CSV, plus video would allow us to select these random voters.Voters who receive $APE voting reward can use the token for the next Ape Accelerator sale. In this way, we create a healthy token flywheel to avoid pump-and-dumps. Regarding holding launching projects accountable to avoid rug pulls, we have a due diligence process that scrutinizes projects and makes sure the team is reliable. 5 . Usage of $APE profits that goes back to DAO? Regarding the use of collected $APE, we proposed 3 solutions, including burning, donation to charity, and sending to a separate multi-sig wallet for other use (for example routing into other DAO initiatives). AIP- 124 is definitely an interesting option we would to explore. We are open to community feedback and may require an AIP to ensure the decisions are fully aligned with the desires of DAO! 6 . Commission Breakdown Revenue generated from launchpad is commission based on the amount of funds raised by projects through the platform. For reference, the raised amount typically ranges from $ 100 k to $ 1 M. The industry standard commission ranges from 10 %- 17 %. Ape Accelerator will charge projects a total commission of 15 %, with 5 % allocate to Forj, ~ 0 . 5 % goes to voters. The remaining portion after total commission is deducted from operating expenses, operating commissions and voter commissions(excess profit) goes to a multi-sig wallet which can be burned, or routed to other DAO initiatives based on community voting. 7 . Projected Income The sales revenue (total raised amount) per project is $ 100 k-$ 1 M. The BD team is aiming for two projects to be submitted to Ape Accelerator per month, and it is likely we will then have 1 - 2 projects launched per month. However, much depends on market conditions and community engagement on project votes. Given a commission of 15 % charged, we would expect a total commission revenue range of $ 0 k to $ 300 k per month, a net profit of $ 30 k- $ 160 k if self-funded. Please see the revenue projections for different scenarios below. Ape accelerator can breakeven at $ 47 , 368 monthly commission revenue. image 1044 × 574 64 KB 8 . How to cover operating expenses after the initial 6 months? After the initial 6 months, $ 30 k operating expense is funded by excess profit accumulated in the DAO-controlled wallet instead of Ecosystem Fund or 5 % commission. As the financial projection stated below, the DAO excess profit will allow us to cover the Ape Accelerator’s ongoing operation expense. [Public] Ape Accelerator Financials image 1380 × 806 98 KB Under realistic scenario - assume 1 project launch per month, raise $ 400 , 000 , and Ape Accelerator receive 15 % commission($ 60 , 000 ). In the first six months, after paying operation commission and voter commission, $ 38 k profit is sent to the DAO controlled wallet each month, which will be used to fund future operation expenses. DAO controlled wallet has an ending balance of $ 228 , 000 after 6 months that can sustain operation for the next 7 months. We will continue to update the DAO on progress against this business model, and of course will remain vigilant of any impact from adverse market conditions. After 6 months, depending on the performance and market conditions, in the case of funding shortfalls which is unlikely to happen, we may submit an additional ecosystem funding proposal to the DAO. Operational expenses are still incurred even when no projects are launched, as the team is constantly looking for high quality projects, incubating these projects through investment of time and resource, and maintaining/ engaging with the Ape Accelerator community. Our team will show monthly progress on project development. 9 . What is the “Launchpad Allocation Ask: 25 % of total Ape launchpad allocation”, and how it’s part of Overall Cost? Assuming a project wishes to raise $ 800 , 000 in Ape Accelerator, they will need to reserve an additional 25 % allocation of the amount raised in Ape Accelerator to be sold via the Forj Launchpad ($ 200 , 000 ). As a primary Launchpad within the Animoca ecosystem, the Forj Launchpad would bring large additional interest and attention to the project. This added investment further fuels the level of funding possible for these projects and in turn increases their likely success rate in strengthening the BAYC ecosystem. Furthermore the additional marketing attention throughout the Animoca ecosystem gained via Forj Launchpad’s own campaigns/audiences will help drive new participants to the Ape Accelerator. Best, Forj Team
  Likes: 7 Replies: 0
  Likers: 0xSword, Harry, br00no, Ms_NFTy, Abr123, liucoffe2, MaCoffe
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• AIP-209: Ape Accelerator powered by ApeCoin by Forj - Accepted AIP Author
  Posted on: Jan. 25, 2023, 7:45 p.m.
  Content: Hi dyorjdr, Thank you for the questions! The current AIP structure sticks around for branding-type projects, and is more generic that covers decisions for ecosystem fund allocation, brand decision, process, information that don’t involve staking $APE or using $APE. While launchpad is aimed to bring the Ape community exclusive access to various web 3 native projects before other communities. With the Ape Launchpad, we together as a community can contribute, fund, and empower the growth of the ecosystem. The process for submitting projects on AIP and Launchpad will be distinct. AIP submissions are made on the Apecoin forum, while Launchpad requires projects to fill out a form as stated below. Once the initial screening by the Forj Team is complete, project information will be posted on the Launchpad page for the Apecoin community to vote on. The information required by Launchpad is similar to that of AIP, including project details and team information, but also includes additional information about the sale. submission form draft 1916 × 1188 124 KB submission form draft 2868 × 1096 79 . 3 KB AIP- 124 is very interesting! Regarding the use of $APE collected, we are open to community feedback and may require an AIP to ensure the decisions are fully aligned with the desires of DAO! Best, Forj Team
  Likes: 9 Replies: 0
  Likers: Harry, 0xSword, 4437, Hangout, Ms_NFTy, dyorjdr, adventurousape, cath568, srinigoes
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• AIP-209: Ape Accelerator powered by ApeCoin by Forj - Accepted AIP Author
  Posted on: Jan. 23, 2023, 7:18 p.m.
  Content: Proposal Name: Ape Accelerator powered by ApeCoin Category: Core - Ecosystem Fund Allocation Author: Forj - Animoca Original Proposal / Reason For Return / Resubmission Updates Original Proposal: AIP- 141 : Ape Accelerator By ApeCoin Reason For Return(Expand to see details) The proposal involved the Ape Foundation to participate in the multi-sig wallet control management to oversee the activities to ensure transparency and consistency. However the Ape Foundation only provides grants and are not expected to participate in these activities. Resubmission Updates(Expand to see details) Remove Ape Foundation’s engagement in overseeing the multi-sig wallet. Instead, we would like to propose selecting 5 members in the BAYC community, along with 2 members from Forj. and 4 out of 7 to sign to approve. Multi-sign wallet signers selection criteria: Active Ape Community, Ape Forum contributors who has deep understanding on Ape ecosystem, well connected to many projects Understand the industry and how ape ape launchpad/accelerator operates. Technical background is preferred. Pass KYC No conflict of interest with Ape Accelerator. Key Stakeholders’ Role a)Ape Foundation: Provide Grants to Forj Team in the use of “Ape Accelerator” product development and first 6 months operation b) Ape Community Engage in the decision making process of the ape launchpad’s project selection as specified in “Motivation” Oversee Ape Launchpad’s operating activities c)Forj Team [Financial Related] Collect submission fees from projects (Initiators). Calculate and distribute commission from sales on Ape Launchpad that goes to the projects (Initiators), voters and multi-sig wallet. Share a monthly financial disclosure on any operating cashflow to the Ape Community. [Operation Related] Platform development as specified in “Steps to Implement”. Business Development to ensure 2 projects submitted every month for Ape community’s approval to launch on Ape Launchpad d) Multi-sig wallet management member ( 5 from Ape community, 2 from Forj): Sign the multi-sig wallet transaction depending on the community’s approval on Forj’s monthly financial disclosure stated above. Abstract The Ape Accelerator (Ape Launchpad) is designed to help strengthen the ApeCoin and BAYC ecosystem by incubating and facilitating projects that contribute to, and utilize, ApeCoin and BAYC IP ecosystem growth. Projects looking to launch through the Ape Accelerator will require $APE token to submit a proposal, and holders of $APE and BAYC Ecosystem NFTs will be able to access the launchpad to invest in these projects. Deck: DocSend Twitter Thread 11 Draft UI/UX Design for Ape Launchpad( 4 th revision) The product images and information shown are for illustration purposes only and may not be an exact representation of the product, which is subject for further change. Ape Launchpad project lists 907 × 1600 182 KB Ape Launchpad sale page 892 × 1600 543 KB Forj, a subsidiary of Animoca Brands, has been a BAYC holder since May 2022 . Our mission is to empower BAYC IP Growth, from being clubhouse advocate to building the first BAYC experience in The Sandbox that attracted 165 k plays and 46 k unique players, to driving mass awareness with monthly Yuga IP ecosystem map. We created the Yuga IP Ecosystem map, showcased regularly since August 2022 gaining over 2 M impressions up to date. The amount of projects joining the BAYC IP ecosystem grow from 70 +in August 2022 to 247 in Feb 2023 , nearly 250 % increase. Yuga IP Ecosystem Map (Feb 2023 ) Yuga IP ecosystem map by Forj(Feb 2023 ) 1127 × 4096 464 KB Through 1 on 1 calls with founders, we see projects encounter the challenges of 1 ) Lack of Web 2 audience, 2 ) Lack of ongoing utility for their projects, 3 ) Low frequency of interaction. With the Ape Accelerator, we want to accelerate the BAYC IP ecosystem growth by building the launchpad for NFT sales and distribution, providing incubation and advisory projects on Strategic Partnerships, Storytelling, Tokenomics design, Capital Support and Distribution. We would like to form the strategic incubation vertical to maximize cohort synergy for Yuga’s ecosystem growth As a Animoca Brand subsidiary, Forj has Animoca ecosystem projects exposure to participate in the sale Deal flow from Animoca investment portfolio Wide connections to NFT projects and VCs Already established launchpad that have successfully launched 20 + projects e.g., Kylin Network, Altava, Phantom Galaxies Author Description A subsidiary of Animoca Brands, Forj delivers leading Web 3 products and technologies that create unique fan experiences for creators.Forj, the innovation hub of Animoca, provides advisory, tech modules, and interoperability infrastructure to power Animoca’s ecosystem growth. With major partnerships including Grammy-nominated musician Lewis Capaldi, and leading creator platform Spring, Forj has an enviable track-record of success in the sector. Website: https://forj.network/ Twitter: https://twitter.com/ForjOfficial Team Description Experienced team: Team of 50 + employees, led by Harry Liu— CEO Founder of Forj, leading Launchpad for Animoca portfolio projects such as Phantom Galaxies, Altava. Creator of Yuga IP Ecosystem Map. Led community driven BAYC experience for Sandbox Season 3 . Previously Fore Media, Google Partner. https://twitter.com/harry_forj/ Rob Tran - COO 25 years experience in scaling Music, SaaS, and AI businesses, with a track record of early-stage projects strategic advisory at leading startup incubators. https://www.linkedin.com/in/roberttran/ Charles Stanton - CMO Digital Marketing leader at brands including KPMG, The National Lottery, and BUPA. https://twitter.com/Chas_Stanton Terrence Gatsby - CTO Vast experience across disruptive technologies including Blockchain, Cryptocurrencies, DeFi, Digital Assets, Tokenization, FinTech, WealthTech, Edge Computing, and Internet of Things. https://www.linkedin.com/in/terrencegatsby/ Motivation Ape communities gathered early NFT adopters with experience and knowledge on the NFT market. To leverage everyone’s experience toward the growth of the Ape ecosystem, a Launchpad that allows ApeCoin holders to participate in the decision-making of early projects’ launch can bring forth positive growth. The Ape Launchpad aims to maximize the Ape community’s benefit, facilitate the use of ApeCoin and together as a community contribute, fund, and empower the future of decentralization. The ApeCoin Community can engage in the Ape Launchpad in three ways: Initiator Projects that aim to launch on the Ape Launchpad need to spend # $APE to submit a proposal. Encourage NFT collections/projects to purchase $APE coin Project should accept a percentage of funds raised in $APE, a percentage of commission will be charged to the initiator on the total amount raised through Ape launchpad. Submission fee and commission will be sent to a multi-sig wallet, which can be burned, or routed to other DAO initiatives based on community voting. Voter After projects submit proposals, the Ape community can use $APE to vote whether to launch this project on Ape Launchpad. Autonomous project selection from the community If a proposal is passed by the community, voters will share a percentage of commission from the launchpad sales revenue. Engage voters to participate and earn Participants Approved projects will launch on the Ape Launchpad, accept ApeCoin as payment, as well as other tokens Ape community get valuable, high-experience NFTs every month. Add utility to $APE token. Ape Launchpad will embed the staking pool from AIP 21 / 22 , users need to stake to gain access to the launchpad. See More in “​​Specifications” Get the community to stake $APE, reward committed stakers with ongoing benefits Rationale To grow the Ape ecosystem, a core strategy is to add more use cases for the ApeCoin. Therefore, having this Ape Accelerator can Get the community to stake $APE in order to participate in NFT and token sales, and reward committed stakers with ongoing benefits Ape community get valuable, high-experience NFTs every month Get community use $APE to access any primary sales on Ape Launchpad Encourage NFT collections/projects to purchase $APE in order to launch on Ape launchpad Increase $APE utility by allowing community use $APE to vote, and get rewarded for participation A percentage of collected $APE will be burned or donated to charity or sent to a multi-sig wallet to be used at a later date. Specifications Ape launchpad will be on the ETH network first unless it is added to another chain. ApeCoin and BAYC ecosystem NFT holders will have exclusive access to participate and support projects in NFT sales. Launchpad Participation is based on a tier structure, where tiers are determined by user’s amount of $APE in staking pools and qualifying NFTs users hold (BAYC, MAYC, BAKC, Meebits, Crypto Punks, Otherdeed of otherside). Staking pools: users need to stake $APE in a pool for at least 14 days to be eligible for tiers - AIP 21 / 22 Snapshots will be taken 1 day prior to the sale to verify eligibility. Detail tier justification: Platinum Tier - 10 , 000 $APE + 1 of BAYC NFT Gold Tier - 8 , 000 $APE + 1 of BAYC, MAYC NFT Silver Tier - 6 , 000 $APE + 1 of BAYC, MAYC, BAKC NFT, Otherdeed of otherside Bronze Tier - 4 , 000 $APE + 1 of BAYC NFT,MAYC, BAKC NFT, Otherdeed of otherside, Meebits, Cryptopunks NFT Friends Tier - 1 , 000 $APE + 1 of Forj & Animoca Ecosystem Partners NFTs Public Tier - Any $APE stakers Users in a higher tier can enjoy priority sales, higher purchase limits and better allocations of rare NFTs The current tiers design is based on the emphasis on $APE and the BAYC NFT ecosystem - with the lower tiers reserved for partner projects or non-ape project NFTs to avoid showing preference for any one collection over another’ or something similar. Tier requirement is subject to change based on a defined ApeCoin DAO voting process. Steps to Implement Finalization of Economics Model We will work with the APE community to determine Submission fee from initiator. Range from $ 1 , 000 to $ 5 , 000 worth of $APE % of commission from sales on Ape Launchpad. Range from 10 % to 15 %. % of the commission shared with voters if the proposal gets approved. Range from 0 . 5 % to 1 %. % of the fund raised in $APE for each project. Range from 30 %- 100 %. Smart Contract deployment & Audit Forj Team has successfully launched 16 projects on Forj Launchpad. We will use the same smart contract, adapt it to ApeCoin and send it to the most trusted auditors in the industry, such as Certik. We will be fully transparent to the community about the smart contract audit. UI/UX Design+Landing Page Have the creative team to design UI/UX with specific Ape elements. Takes 2 - 3 weeks to draft, amend, and set. Will embed the approved AIP 21 / 22 ‘Ape Staking Pool’ into the landing page. Business Development The essence of launchpad relies on quality projects and a resilient team. Leverage Animoca ecosystem support to screen at least 2 of the best projects as the first kick off of Ape Launchpad BD teams need to ensure that there will be at least 2 projects submitting proposals each month. Timeline Milestone 1 - Project Approval by Ape community Finalize proposals with the community and get approval. Securing financing, equipment or resources Assembling a project team. Define KPI for each department: Business Development, Operation, Tech. Milestone 2 - MVP Launch Smart Contract Development and Audit Launchpad UI/UX design by product team Integrate AIP 21 / 22 ‘Ape Staking Pool’ Product Approval by Ape Community Estimated Timeline - 2 . 5 months Milestone 3 - Project Deal Proposal Submission Business development team submit 2 projects proposals Proposal submit from project side APE community vote for approval Estimated Timeline - 2 weeks to 1 month Milestone 4 - First Ape Launchpad Sale Marketing Activation with major media platforms Estimated Timeline- 1 month *Total elapsed time is 3 months Overall Cost Total Ecosystem Ask - $ 480 , 000 USD in ApeCoin (~ 126 , 616 APE) $ 300 k Development Cost UI/UX design - $ 40 k Front End - $ 90 k Smart Contract Development - $ 90 k Contract Deploy & Audit - $ 80 k $ 180 k Operation Cost - for the first six months ($ 30 k per month) Team members: 1 product manager 1 Front End Developer 1 designer 1 operation associate 1 business development 1 marketing associate website maintenance/snapshot/airdrop If the Ape Foundation will not be able to provide a subdomain, we will set up its own domain. We secured apeaccelerator.com as a potential domain option. And the cost will be included in the website maintenance. Commission - 5 % on each Ape launchpad sale revenue Allocation - 25 % of total Ape launchpad allocation
  Likes: 12 Replies: 0
  Likers: dudyramesh, jimmyd, lolacreates, i-ap.eth, liucoffe2, BojangleGuy, Ms_NFTy, nexus, Anny, Azuky, MaCoffe, bigbull
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• AIP-141: Ape Accelerator By ApeCoin by Forj - Accepted AIP Author
  Posted on: Nov. 2, 2022, 1:57 p.m.
  Content: Thanks Pearson for your help! Forj Team
  Likes: 3 Replies: 0
  Likers: Harry, Mantis, Abr123
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• AIP-141: Ape Accelerator By ApeCoin by Forj - Accepted AIP Author
  Posted on: Oct. 26, 2022, 1:17 p.m.
  Content: Hi Escape, We’re happy with feedback received and excited to draft the AIP based on community feedback. Thank you everyone again for all the feedback. We really appreciate it!
  Likes: 4 Replies: 1
  Likers: Mantis, Amplify, 0xSword, Abr123
  Replies:

  • Escape: Thank you @Forj 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. @Forj please see your messages for the next steps. -Escape
• AIP-141: Ape Accelerator By ApeCoin by Forj - Accepted AIP Author
  Posted on: Oct. 25, 2022, 9:09 a.m.
  Content: Hi Amplify, Thank you for the feedback and sharing! Regarding the use of collected $APE, we proposed 3 solutions, including burning, donation to charity, and sending to a separate DAO-controlled wallet. AIP- 124 and the initiative proposed by zheerwagen are very interesting options. We are open to community feedback and may require an AIP to ensure the decisions are fully aligned with the desires of DAO! Revenue generated from launchpad is commission based on the amount of funds raised by projects through the platform. For reference, the raised amount typically ranges from $ 100 k to $ 1 M. The industry standard commission ranges from 10 %- 17 %. Please check out the comments on “all sales in APE only” above! Cheers!
  Likes: 5 Replies: 0
  Likers: Amplify, Harry, Mantis, Abr123, bigbull
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• AIP-141: Ape Accelerator By ApeCoin by Forj - Accepted AIP Author
  Posted on: Oct. 25, 2022, 9:08 a.m.
  Content: Hi themetavince! Thank you for sharing your thoughts! The current plan requires launchpad projects to raise a % of funds both in $APE and stablecoin. This is designed to reduce the selling pressure of $APE after the launchpad sale, and lower market price volatility of $APE. Explanations as follows: Reducing sale pressure: Projects conduct launchpads to raise funds to support their business operations, and owing to the volatility of $APE many projects will choose to immediately sell the raised $APE in a large volume which will increase further sell pressure. Allowing projects to raise both in stablecoins and $APE (fixed % of both) will allow them to immediately fund their operation through stablecoin and also provide an incentive to hold the % of $APE they received and further integrate into the APE Community. Asking projects to lock tokens/vest $APE is a potential solution but this can detract good quality projects who need liquidity to grow from wanting to participate in the launchpad. Price volatility: Since the $APE price fluctuates daily, whenever there is a new launchpad sale the amount of $APE required for purchasing each project token/NFT on the sale date (which will have an indicative $ value assigned to it by the project) will vary. This means that if the $APE price drops by 10 %, participants suddenly require 10 % more $APE to purchase the NFT/Token on the day. Giving users the option of purchasing using $APE or stablecoin on the day will ensure a better user experience, and of course the $APE token entry requirement remains in place either way and it’s this that is the primary driver for healthy tokenomics. In terms of what percentage of launchpad sales are raised using $APE, it will depend on the $APE’s performance which is primarily driven by its utility. As more projects are introduced to the APE ecosystem by Launchpad, $APE will have more use cases, not to mention upcoming launch of Otherside. We are looking to increase the ratio of using $APE to stablecoin, or $APE only for launchpad sales in the future, if $APE becomes the fundamental token with a stable price.
  Likes: 4 Replies: 0
  Likers: Amplify, Harry, Abr123, 4437
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