Profile of LL99Starz in ApeCoin

Posts by LL99Starz

• ApeCoin DAO’s Otherside Strategy - Acquisition of assets and usage by LL99Starz - Accepted AIP Author
  Posted on: Jan. 24, 2024, 9:16 a.m.
  Content: AIP 381 is the updated and resubmitted version. Feel free to ask any questions there. We also added some Q&A and appendix for a better understanding AIP- 381 : ApeCoin Powered GameFi DAOs & Vaults - Resubmission Live AIPs ORIGINAL PROPOSAL: AIP- 324 : ApeCoin DAO Governed GameFi Smart Contract Wallet RESUBMISSION UPDATES: We have made the content more clear and fluid. Now all the features and values are better explained. Major change is in the terms, while we left the original request (despite overall cost increasing on our side) we offer the ApeDAO a substantial percentage of our STZ token supply ( 2 . 02 %), making the ApeDAO token holder at the same level as founders. PROPOSAL NAME: ApeCoin Powered GameFi DAO…
  Likes: 3 Replies: 0
  No likes yet.
  No replies yet.
• AIP-381: ApeCoin Powered GameFi DAOs & Vaults - Resubmission by LL99Starz - Accepted AIP Author
  Posted on: Dec. 29, 2023, 1:43 p.m.
  Content: FAQs What is the value for the DAO? The DAO provides value for different stakeholders - APE coin holders, SubDAO members, asset lenders, and game players. APE coin holders directly benefit from the main DAO by being eligible to create game integration proposals and to vote. That, in turn, makes the APE coin essential. SubDAO members, on the other hand, will get the opportunity to lend assets by pooling resources together. That enables DAO members to buy assets with less investment than what the actual asset value is, and then gain rewards from lending. Finally, game players don’t have to buy assets directly from the market. They can borrow them for no collateral exchange, by complying with the subDAO borrowing policy. What and how exactly will the DAO monetize once your AIP is delivered? There are multiple monetization processes used by the system: game rewards distribution, membership plans, one-time bundles, and one-off renting. Every process will monetize the system. Can a single DAO user rent out his assets through your product? Yes. A single DAO member can lend/rent his assets directly in the subDAO vault, and members can pool collateral together to buy assets and lend them in the vault. What are the policy and governance tools you’ll build for the DAO to manage the assets? There are multiple DAO automated policies in the DAO to govern assets and DAO processes: Membership Policy, Asset Lending and Pooling Policy, Asset Borrowing Policy, Reward Distribution Policy, and Game Integration Consensus. Each policy is governed by the subDAO or game DAO members, who can change the policy parameters by creating proposals and voting. Can this proposed product be used for many subDAOs in the future? How? Yes, the system is inherently designed to produce and handle multiple DAOs for each game. How can APE coin benefit from this proposal? Only the Ape coin holder will have the opportunity to create and engage in game DAO, vaults, and staking APE coins to become DAO members. That creates demand for the Ape coin. Thus, anyone who plays games using the vault assets must hold Ape coins, and the staked Ape coin subDAO members will receive a share of the rewards without engaging in the game directly. There are already many lending systems out there, why would we invest 500 k in yours? What is different and better about yours? Today’s lending systems are general in their purpose, offering lending and borrowing systems in which users provide collateral. However, they don’t offer additional features such as lending assets together, by pooling resources. Furthermore, in our system, any user who complies with the DAO borrow policy (set by the members) can borrow assets without giving collateral. The policies could include holding a certain amount of Ape coin, or similar. Our system is gameplay-centric and will attract active game players and game community members. What is the staking for? Why do we need staking? Is this an additional feature or it’s just a tool for the policy? (Like, if you stake x amount of APE you’re eligible for using this asset,… etc.) Staking is only needed in the case of a game integration proposal. Each Ape holder voting in favor of game injection in the system will eventually stake the collateral used in the voting. This happens after the proposal voting is successfully concluded. Subsequently, the voter will become a DAO member, and to remain a DAO member, the APE coin has to remain staked. There will be no use of staking in borrowing assets if you do not opt for one-off renting to escape the reward distribution. How many games will we be able to use from your proposal? It depends on how many games the community wants to onboard into the ecosystem. There is no cap. When can we expect to have all this up and running? 6 months Will the DAO have to pay more $$$ in the future? Like with a new AIP or so? No need. We’ll cover all extra development and integration costs. Can you show the user’s journey? What does it look like? How can the average Joe DAO member use or participate in this product? journey 936 × 432 77 . 6 KB journey 2936 × 772 121 KB journey 3936 × 482 72 . 1 KB Will this platform benefit only the STZ token or could the APE coin be the governance and utility token for the DAO side of the product? APE coin will be the governance and utility token and STZ coin will be used as a utility token in a cross-community/players scenario. How and when is the APE coin involved in any processes? To understand how it benefits the token other than the ecosystem? Ape coin will largely be involved in the staking process for becoming DAO members and could be used in the monetization policies in the subDAO. As a generic utility, the Ape coin is required to be an ApeDAO member, as well as becoming an ApeDAO gamer using vault assets. How can the ApeDAO ecosystem grow and/or benefit from this AIP? For the growth of the Ape community, the focus is on strategically onboarding new members to hold APE coins and subsequently to join the Game DAO ecosystem. This involves a lending system that maximizes the utility of NFTs, thereby enhancing APE coin value and influencing market dynamics positively. ApeDAOs, along with the participation of significant investors and guilds, play a crucial role in driving engagement with Ape-related games. Additionally, there is an emphasis on optimizing the ApeCoin ecosystem to be more accommodating to guilds, creating an environment that motivates large investors and guilds to invest in Ape-associated NFTs and projects and actively involve their networks in the ecosystem’s activities. This multi-faceted approach aims at not only expanding the Ape community but also fortifying its economic infrastructure for sustained growth. Can you create Ape-styled badges for our use case, same principle as Gamefied original ones? Based on tiers, etc… with different requirements, etc.? If yes, how would they work? We can involve the ApeDAO community on this. Eventually create a contest and let the community vote on the chosen ones. We can elaborate this later on. What will the regular people wanting to play with DAO assets be asked for? What will they have to do? Can they play without money or collateral? In general, the subDAO borrowing policy is used to borrow assets and will not require any collateral to be staked or exchanged for asset borrowing. However, there will be a policy to hold collateral in the borrower’s wallet depending on what the subDAO member established. Can we rent without collateral? Yes, we can rent without collateral using a borrowing policy and with collateral using the one-off renting policy each approach will have an impact on the revenue distribution. How can we split revenues? It depends on how the asset that generated the revenue was borrowed. If it is borrowed using the borrowing policy, then the rewards get distributed among the subDAO members, asset lender or lenders, and a game player in a specified percentage set by the subDAO members. If the asset is rented using a one-off renting policy, then the collateral exchanged for renting will be distributed among subDAO members and lenders while the reward is fully owned by the renter or game player. How would the DAO benefit from brand association with 99 Starz and Gamefied? ApeDAO can benefit in different ways. First of all, with the 2 . 02 % of STZ total supply allocated to ApeDAO, this last will benefit from any growth of 99 Starz project, adoption, etc. 99 Starz is poised to become infrastructure to dozens of web 3 games, which will attract audience from different communities, therefore the ApeDAO special partnership with 99 Starz could become a scaling up opportunity to grow the DAO users through the 99 Starz growing community. cross community marketing and initiative can be always discussed for the common benefit.
  Likes: 1 Replies: 0
  Likers: Pythagoras
  No replies yet.
• AIP-381: ApeCoin Powered GameFi DAOs & Vaults - Resubmission by LL99Starz - Accepted AIP Author
  Posted on: Dec. 29, 2023, 1:42 p.m.
  Content: Appendix Key Terms 4337 Wallets The smart contract wallet plays a crucial role in both the DAO and game DAO ecosystems. Primarily, it serves the purpose of facilitating voting within the DAO and managing assets essential for gameplay. These assets are sourced directly from the vault. One key aspect is the access control mechanism implemented by the game DAO. This ensures that the assets held by the smart contract wallet are under the governance of the game DAO exclusively. Notably, the smart contract wallet has restrictions in place to prevent the transfer of these assets to other wallets. This strategic control mechanism ensures the integrity and security of the assets within the gaming ecosystem. Vault The Vault serves as a fundamental contract within the system, responsible for both holding and releasing game-specific assets. Its primary role extends to maintaining a comprehensive record of the assets and their corresponding wallet allocations. This tracking mechanism ensures a transparent and organized management of assets within the ecosystem. Hypothetical game journey Users holding ApeCoin in the smart contract wallet initiate a Mutant Monkey X induction proposal on the main DAO. All ApeCoin-holding wallets participate by staking their coins to cast votes in the DAO for Mutant Monkey X. If the voting quorum meets the specified criteria, the Mutant Monkey X DAO and vault are released. Members with favorable votes become members of the newly created Mutant Monkey X DAO, gaining the ability to create proposals and cast votes on proposed initiatives. All DAO members have access to assets stored in the vault. Once the Mutant Monkey X proposal passes the Quorum the 99 Starz team will give the final decision to start the activity on the game DAO for pooling assets and lending assets and other policies. The 99 Starz team ensures the integration of its ecosystem into the Mutant Monkey X application. Upon successful integration, game DAO members can retrieve assets from the vault and actively engage in gameplay. Rewards generated from gameplay are distributed among the members of the game DAO according to the distribution policy. Game DAO members have the authority to create proposals for additions, withdrawals, and adjustments to the reward distribution configuration. The members will be engaged in the life cycle of DAO policy creation and decision process. Specifications Creating DAO (Decentralized Autonomous Organization) contracts using Solidity that allow for decentralized decision-making within a community. These contracts enable voting, proposal creation, and fund allocation based on community consensus. DAOs can enhance governance and engagement within decentralized systems. Integrating UNISWAP V 2 routers with DAO. This integration would enable a DAO to seamlessly swap tokens for rewards earned from the utilizing collection of NFTs. Wallet smart contracts refer to creating programmable wallets with added functionalities. Asset holder interfaces involve functionalities for users to interact with their assets through the smart contract. This could include actions like transferring, swapping, or interacting with DAO protocols directly from the wallet. Integrating GameFi wallet provider implies incorporating smart contract wallets that cater to the needs of the GameFi ecosystem. These wallets have features specific to utilizing NFTs, generating signatures, and voting in DAO for managing in-game assets, NFTs, or tokens associated with specific games.
  Likes: 1 Replies: 0
  Likers: Pythagoras
  No replies yet.
• AIP-381: ApeCoin Powered GameFi DAOs & Vaults - Resubmission by LL99Starz - Accepted AIP Author
  Posted on: Dec. 29, 2023, 11:15 a.m.
  Content: As stated in the draft, this is totally customizable by the DAO or gaming subDAO. We’re building a sophisticated thus flexible governance tool here
  Likes: 1 Replies: 0
  Likers: Pythagoras
  No replies yet.
• AIP-381: ApeCoin Powered GameFi DAOs & Vaults - Resubmission by LL99Starz - Accepted AIP Author
  Posted on: Dec. 27, 2023, 1:50 p.m.
  Content: ORIGINAL PROPOSAL: AIP- 324 : ApeCoin DAO Governed GameFi Smart Contract Wallet RESUBMISSION UPDATES: We have made the content more clear and fluid. Now all the features and values are better explained. Major change is in the terms, while we left the original request (despite overall cost increasing on our side) we offer the ApeDAO a substantial percentage of our STZ token supply ( 2 . 02 %), making the ApeDAO token holder at the same level as founders. PROPOSAL NAME: ApeCoin Powered GameFi DAOs & Vaults PROPOSAL CATEGORY: Ecosystem Fund Allocation TEAM DESCRIPTION: Author Description Luca Lamberti - CEO of 99 starz A former sales and racing executive in the automotive and motorcycle racing industry, financial and change management advisor. Active for years, he’s a well-connected investor and advisor of several prominent crypto – blockchain projects. He is a trading pro and large NFT portfolios manager. A strong believer in NFTs and the Metaverse mission. Team Description A world-class team with deep expertise in blockchain, gaming, enterprise software, and more. Key team members: Yat Siu - Strategic Advisor Animoca Brands co-founder and Executive Chairman Tony G - Co-founder World-famous poker player, a former Member of the European Parliament, and CEO of Cypherpunk Holdings. A serial digital entrepreneur, venture capitalist, and philanthropist Omer Khan - CTO A Silicon Valley-based CTO for 3 startups, has over 15 years of experience in contact center engineering, AI, and blockchain, also a former Director of Engineering for a Washington DC-based $ 2 billion AI unicorn. Frequently quoted in Forbes, Entrepreneur, and Thrive Global Gediminas Klepackas - COO Gediminas is a professional manager with a decade of experience in international affiliate marketing. He propelled both Pokernews.com and Cryptonews.com Sherman - Strategy & Growth Advisor Co-founder of Raven Protocol, a decentralized deep-learning training platform. Took part in several other successful ventures, including Zeroth.ai, a Hong Kong-based venture capital firm later acquired by Animoca Brands. At Zeroth, he previously served as one of the partners Keith Rumjah - Growth & NFT Specialist Advisor Currently the CEO of OliveX (NSX:OLX) and $DOSE token. Building a fitness metaverse on the blockchain. Previously, he founded Coachbase, the number one paid sports app on iOS, Android and Mac, also acquired by Animoca Brands This AIP is entirely designed and will be developed by the 99 Starz development team. https:// 99 starz.io https://gamefied.io 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 P 2 E 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. Abstract 977 × 550 91 . 3 KB mockup 1977 × 550 280 KB BENEFIT TO APECOIN ECOSYSTEM: Problem / Solution fit, WHY are we building this? In the GameFi NFT community, several issues need attention: Accessibility of assets for genuine players High costs associated with purchasing assets Idling assets in non-active wallets Our focus is on addressing these challenges within the GameFi community. We devised a system incorporating DAOs and smart contract-based wallets and vaults. This system enables the borrowing of NFT assets for gameplay. Additionally, the DAO has the opportunity to withdraw assets from idle and inactive wallets, ensuring accessibility for players genuinely interested in participating in GameFi applications. Smart contracts are essential to ensure the complete utilization of GameFi NFTs throughout their life cycle. No GameFi NFT assets would remain idle. These smart contracts have the authority to retrieve and transfer assets from idle wallets. Additionally, they facilitate the creation of NFTs for a broader player base that may not be inclined to adopt GameFi NFTs due to their high market value. These NFT assets can be accessed from the vault temporarily through access-controlled smart contract wallets, ensuring that NFT ownership remains uncompromised. ProblemSolving 977 × 695 188 KB DAO monetization (How will the DAO make money) Reward sharing: If a player gets assets for free, then they will share a certain pre-agreed percentage of earned rewards with the DAO Membership Plans: We will introduce the possibility of different tiers of membership plans giving players access to certain assets for free. Players will not share the cut from earned rewards if they have a membership One-time bundles: We can introduce the possibility of creating asset bundles and charge a one-time fee. Players will not share a cut from earned rewards. One-off renting: Players would be able to rent individual assets by paying a small renting fee. Players will not share a cut from earned rewards. ROI Model simulation ROI 977 × 418 31 . 4 KB The possibilities are endless and only depend on individual subDAO’s strategy. They could invest in a high revenue model, a high community growth model, or a mix. The table above is based on the following simulation: Investment in 4 different games, with a mix of community growth and high yield. 8 , 000 players in total, each one with assigned assets worth from $ 15 to $ 1 , 000 . Partnerships or Sponsorships for $ 50 k first year, $ 100 k second year. (Ape brand is a big driver, plus many could be interested in having brand association with your gaming organization). NFTs appreciating in value 10 % yearly As a result, the ROI is POSITIVE. The above doesn’t even include complex yield mechanisms like passive earning assets (lands, staked assets,…), various metaverse tokenomics, direct lending revenues, subscriptions. Game by game, season by season, the strategy can be flexibly adapted to the vision and goals of each subDAO. Like we said - the possibilities are endless. Big picture: Long-term impact on the APE ecosystem This solution will have a profound effect on the ApeDAO as the entire system relies heavily on ApeCoin and operates with APE as its driving force. Every activity within this ecosystem will directly influence ApeCoin. Beyond the utilization and monetization of ApeCoin, this system integrates the APE ecosystem with the GameFi segment of NFTs, making any future game integration dependent on APE as well. It will not only increase the number of APE coins / NFT holders but it will also influence the utility, liquidity and velocity within the APE coin ecosystem. The ability to rent an expensive asset through subDAOs will open the mid-market floodgates for the APE ecosystem, eventually creating more demand pressure and raising the floor both for assets and APE coin. Benefit to the 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 mockup 2527 × 781 229 KB KEY TERMS: Major differences between our Gamefied platform and traditional lending solutions: competitors 977 × 550 81 . 5 KB PLATFORMS & TECHNOLOGIES: How does it all work? Within the ecosystem, there are several subDAOs, each with its specific focus on game assets, but the central DAO holds a pivotal position. This main DAO introduces and oversees multiple subsidiary DAOs. The primary currency in this ecosystem is APE Coin, utilized within the main DAO for both voting and proposing new initiatives. A significant proposal often involves the introduction of a new game into the ecosystem. Once the voting quorum meets the acceptance criteria, the main DAO initiates a new game DAO along with its corresponding vault. Members who contributed favorably to the voting process become participants in the newly-formed game DAO. Subsequently, the cycle of subDAO proposals begins, focusing on activities such as organizing fund gatherings, purchasing assets for the vault, extracting assets from the vault, and managing assets within the subDAO structure. HOW 977 × 452 90 . 3 KB DAO investments in other game assets (leverage the APE brand) DAO members can initiate a proposal aimed at pooling revenue for investment purposes. This can involve directing funds towards assets associated with the linked game or exploring potential NFT assets as part of an investment strategy for future profits. How will the staking mechanism work? There will only be staking on the subDAO creation or the game onboarding to the ecosystem after the creation of the game DAO and the vault. There will be no staking, for players, of APE or any other coin. Players will just need to hold a certain amount of APE coins. DAO members will be able to rent out their collective subDAO assets via a dashboard. These terms are subject to DAO governance policies and could be flexible based on DAO’s/ subDAOs collective consent and can vary from game to game. DAO member staking DAO members would get special “Ape” badges. With DAO member badges, users would be able to get extra privileges like no need for game rewards sharing or getting discounted prices membership plans, assets bundles, or one-off renting (this is a flexible set of options that the DAO can implement to increase participation or growth). Staking 977 × 804 142 KB Game player staking A player can come directly from the Ape subDAO or through the Gamefied platform. If the player comes from a subDAO, then they are a Game DAO member and will be able to interact with the Gamified platform as a player. A DAO member can also be a player, but to rent or borrow assets, they won’t need to stake any APE or STZ. A player directly signing up on the Gamefied platform, on the other hand, can rent the assets from the subDAO for free. Through a tiered badge system (bronze, silver, gold) players get access to specific game assets. A player with a higher-tier badge would be able to get high-tier assets for games. To get higher-tier badges like silver and gold, a player will have to hold a certain amount of APE or STZ coins in their wallet. Player 977 × 502 84 . 2 KB Collateral requirement A player holding a certain amount of APE coins in their wallet can get the assets for free. No collateral is required and the APE coins will be in the player’s wallet. It will be just a requirement to hold APE coins and be a member of the ApeDAO and the gaming subDAO. Again, the point is that this is completely flexible and based on subDAO rules and policies. How will the DAO govern? (policies) The DAO will be actively engaged in developing various policies, including: Membership policy Asset lending and pooling policy Asset borrowing policy Reward distribution policy Game integration consensus These policy configurations will be established by DAO members to govern the life cycle of the DAO. Membership Policy Within the game DAO, wallets that did not participate in its creation can still become DAO members. This policy allows them to participate in all the subDAO/Game dao processes, including lending assets individually or collectively, as well as partaking in the incentives provided to DAO members. Scholarship 977 × 591 98 . 1 KB Asset Lending and Pooling Policy In the game DAO, the Asset Lending and Pooling Policy plays a crucial role in managing collective resources. It outlines the guidelines for lending assets within the DAO and pooling resources for collaborative endeavors. This policy ensures efficient utilization of in-game assets and a cooperative asset-gathering environment among DAO members. The rules set by this policy contribute to the strategic decision-making process, optimizing the DAO’s overall asset management. Asset Borrowing Policy The Asset Borrowing Policy within the game DAO establishes a framework for members and game players to borrow in-game assets for various purposes on specific sets of rules defined by this policy. This policy outlines the terms, conditions, and procedures for borrowing assets, for transparency and accountability. It serves as a guideline for members to access needed resources while maintaining the integrity of the DAO’s asset management system. The Asset Borrowing Policy contributes to a balanced and organized approach to asset utilization within the gaming ecosystem. AssetLending 977 × 558 238 KB Reward distribution policy In the game DAO, the Reward Distribution Policy defines the criteria for the distribution of earned rewards. After each fruition of the NFT assets, the DAO member can create proposals to alter the configuration of distribution percentages between the different stakeholders (players, captains, game managers, and subDAOs) for future uses. Options include single-click mass payouts, payout timing, earned NFTs distribution rules, and more. All with a certain degree of flexibility to adapt to all possible strategies and games tokenomics. rewards 977 × 550 79 . 7 KB Game integration consensus In the main DAO, players vote for a game proposal, and if the votes favor its release, the game DAO and vault are initiated. However, the 99 Starz core team will ensure the game is properly configured and its provider injected into the game application. After the confirmation of the configuration, users holding assets from the vault can play the game. The rewards earned through gameplay are then distributed among the members of the respective game DAO, creating a system where participation in the game directly benefits the members of the associated DAO. In other words, once the game is integrated, the standard process (assets acquisition and management, revenues distribution, gaming strategies, etc…) can begin. STEPS TO IMPLEMENT & TIMELINE: Vote approved & funds released, development begins by an internal dedicated team deliverables 1520 × 928 53 . 5 KB Six months to complete development and test system(s). GAANT 977 × 550 53 . 5 KB OVERALL COST: $ 520 k denominated in APE coins 2 m 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.)
  Likes: 2 Replies: 1
  Likers: Kinglo88, Pythagoras
  Replies:

  • Vis.n.Tes: LL99Starz: Players will just need to hold a certain amount of APE coins Still, what quantity is expected?
• AIP-324: ApeCoin DAO Governed GameFi Smart Contract Wallet by LL99Starz - Accepted AIP Author
  Posted on: Sept. 17, 2023, 4:45 p.m.
  Content: Thank you for your insightful questions! We’re delighted to reply to any further questions the community might have :slight_smile:
  Likes: 1 Replies: 0
  Likers: Chris.Admin
  No replies yet.
• AIP-324: ApeCoin DAO Governed GameFi Smart Contract Wallet by LL99Starz - Accepted AIP Author
  Posted on: Aug. 17, 2023, 7:37 a.m.
  Content: Hi, Well, this is a technical option to freely move assets among players. It’s not on us to decide the parameter by which assets/players are idle, it’s on the DAO, guild and investor. We build the infrastructure, we don’t run the DAO decisions nor the guilds/investors strategies
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• AIP-324: ApeCoin DAO Governed GameFi Smart Contract Wallet by LL99Starz - Accepted AIP Author
  Posted on: Aug. 16, 2023, 7:19 p.m.
  Content: Thanks for the question: First of all, let’s make the premise that this proposition is for Apecoin ecosystem, included ApeDAO and subDAO vaults as well all Ape web 3 games (current ones and potentially future ones) Our lending system is trustless, which means that the owner of a gaming NFT never loses the control over it. The revenues model generated through our mass lending system could be both fixed income or rev share. That means that when you lend out a NFT on the other side is someone with purchasing power to borrow, while in our case there’s no need of purchasing power. You can just agree on the split of revenues generated from the use in the game, which in return would grant more revenues to the owner but also to the player. Now, if an individual aims of making easy money from renting a BAYC, that’s fine. No need for more than is available right now. But lets think bigger, let’s look at the bigger picture… like guilds or large investors with tons of assets, then we help making the game more interesting coze they can now rent out to a large gaming structure hundreds or thousands of assets while generating in game revenues. Very healthy for the games, for the ecosystem for the NFT after market valuations and very safe for the investors and guilds that could decide to invest larger amounts in such Ape ecosystem games.
  Likes: 3 Replies: 1
  Likers: Rubinato, PartnershipDude, Cryptosheep
  Replies:

  • PartnershipDude: Pretty nice interplay. Will get to see how this works. Goodluck brotherrrr
• AIP-324: ApeCoin DAO Governed GameFi Smart Contract Wallet by LL99Starz - Accepted AIP Author
  Posted on: Aug. 16, 2023, 10:53 a.m.
  Content: PROPOSAL NAME ApeCoin DAO Governed GameFi Smart Contract Wallet PROPOSAL CATEGORY Ecosystem Fund Allocation ABSTRACT This AIP aims to build Apecoin DAO smart contract Wallets for GameFi NFts and establish a Lend assets & rewarding vault for the Game community. Apecoin DAO Wallets wanted to implement active user engagement in a Game community by enabling GameFi Segment with the DAO and smart contract Wallets. With the rise of NFT-based P 2 E games, it’s crucial to build a community-driven ecosystem for NFT assets management in order to effectively rotate the assets among the active community members to Maximize the NFT DEFI potential. DAO wallets are structured to exclusively enable active wallets to retain assets for continued participation in the game. On inactivity, The DAO will conduct votes on idle assets to withdraw them from the member wallet into the assets vault, reallocating them to other members. This approach increases NFT scarcity and price in the market which will eventually attract more buyers and investment in the DAO-driven 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. Seamless management of NFT assets through the DAO platform sustains the blockchain-based games ecosystem. photo_ 2023 - 09 - 26 _ 09 - 49 - 371250 × 889 70 . 3 KB 1600 × 900 199 KB 720 × 1150 131 KB Background This AIP is entirely designed and will be developed by 99 Starz Development team https:// 99 starz.io/ https://gamefied.io/ AUTHOR DESCRIPTION Luca Lamberti - CEO of 99 Starz A former sales and racing executive in the automotive and motorcycle racing industry, financial and change management advisor. Active for years, he’s a well-connected investor and advisor of several prominent crypto – blockchain projects as well as trading pro and manager of large NFT portfolios. A strong believer of NFTs and Metaverse mission. TEAM DESCRIPTION We have assembled a world-class team with deep expertise in blockchain, gaming, enterprise software, data science and other industries. Some relevant team members: Yat Siu - Strategic Advisor Animoca Brands co- founder and Executive Chairman Tony G - Co-Founder World-famous poker player, a former Member of European Parliament and CEO of Cypherpunk Holdings. As a serial digital entrepreneur, venture capitalist, and philanthropist, Tony is committed to promoting a better climate for digital technologies that are set to dominate our future – artificial intelligence, gaming, and blockchain. Omer Khan - CTO A Silicon Valley-based CTO for 3 startups, has over 15 years of experience in contact center engineering, AI, and Blockchain, also a former Director of Engineering for a Washington DC-based $ 2 billion AI unicorn. He has also consulted for Fortune 100 companies, including Apple, Barclays, and AT&T, as well as two very successful blockchain companies. Has also been through Google and Microsoft’s acceleration in London and San Francisco. He is frequently quoted in Forbes, Entrepreneur, and Thrive Global, as well as being a contributor in Bigdata-madesimple.com and AIBusiness.com. He has also been a speaker at many conferences and actively contributes to many forums in the industry. Gediminas Klepackas - COO Gediminas is an avid gamer and professional manager with 10 years of experience in international affiliate marketing. Of those, he spent 8 years at Pokernews, helping with the expansion of franchise partnerships and managing the Lithuanian operations company. On top of that, he has two years of experience in active sales within the fintech sector.He became immersed in crypto and blockchain in early 2018 as a COO at Blockchain Centre Vilnius. After becoming fascinated with digital assets and related technologies, he became the head of one of the most popular digital asset news sites Cryptonews.com. Sherman - Strategy & Growth Advisor A serial entrepreneur who is passionate about developing decentralized technologies. Lee is the co-founder of Raven Protocol, a decentralized deep-learning training platform. In addition to this, he is also a part of several other successful ventures, including Zeroth.ai, a Hong Kong-based venture capital firm. Sherman is an angel investor who is looking for firms that are striving to build out the complete ecosystem of AI training at scale. Edge devices, cloud infrastructure, data encryption, distributed training methods, blockchain, and other technologies are being explored by his platform. At Zeroth, he previously served as one of the partners. AI is concentrating on sponsoring AI and Blockchain startups. We were bought by Animoca Brands after partnering with Softbank’s AI fund. Keith Rumjah - Growth & NFT Specialist Advisor He is currently the CEO of OliveX (NSX:OLX) and $DOSE token. Building a fitness metaverse on the blockchain. The future of fitness is together but alone. Previously, he founded Coachbase, the no. 1 paid sports app on iOS, Android and Mac. It was acquired by Animoca Brands (ASX: AB 1 ). Also selected as part of the Nike+ accelerator powered by Techstars. MOTIVATION Participation: The APE DAO wallet aims to enhance engagement among active users within a GameFi community by integrating NFT assets with DAO and smart contract wallets. Ownership: With the rise of NFT-based Play-to-Earn (P 2 E) games, it’s important to establish a community-driven ecosystem for managing NFT assets. This facilitates the active rotation of assets among engaged community members, maximizing the potential of NFT DeFi. DeFi: The DAO wallet system focuses on allowing active participants to retain assets. In cases of inactivity, the DAO conducts votes to move idle assets from member wallets to an assets vault, reallocating them to other members. This approach enhances NFT scarcity and market prices, attracting more interest and investment in the community to get the collection listed in the Apecoin DAO vault. DAO Structure: The DAO operates with a structured framework, enabling it to empower active wallets exclusively. Votes are conducted to withdraw assets from idle members. The predefined rules govern the entire process, facilitating streamlined community governance. NFT Assets Potential: Within the proposed framework, NFTs will consistently remain stored within the smart contract wallet. When users engage in gameplay using these accounts, they will continuously accumulate rewards from the game. Rewards: These accumulated rewards are subsequently slated for distribution among both DAO participants and the operator (the NFT holder). This distribution will be executed in the form of APECOIN. To effectuate this, the earned game ERC 20 tokens will be subjected to a swapping process, ultimately converting them into APECOIN. This strategy ensures that participants within the DAO ecosystem, as well as the NFT operator, are rewarded proportionately and efficiently, fostering a dynamic and incentivized environment for engagement and collaboration. RATIONALE The project aligns with Ape values through its integration of different gamefi NFT collections, strategic management of NFT assets to amplify Apecoin’s value, and exploration of innovative GameFi dimensions. This alignment highlights Ape’s commitment to interconnectivity within the web 3 and Ape ecosystem, driving financial growth by creating scarcity-driven market dynamics for APE$ and integrated NFT collection giving benefits to NFT collection along side ApeCoin, Exploring new areas like NFT-based P 2 E games. These efforts collectively embody the essence of interoperability, DEFI vibrancy. BENEFIT TO APECOIN ECOSYSTEM Add more value to the ApeDAO (and subDAOs) by adding the lending and gaming structure features Bring in the ApeDAO a new fair business model Increase the organic participation in the ApeDAO and subDAOs Bring in new members to the ape community and effectively grow the community Enable a safe and fair lending system to “put at 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 Gamefied competitrs 2322 × 1070 330 KB KEY TERMS DAO Contracts - Access Control: Smart contract responsible for managing access permissions and roles within the DAO system, enabling controlled access to the Assets Vault for authorized users.Managing Voting Qorum for State changes. Assets Vault: A secure assets interface holder smart contract dedicated to storing and managing NFTs and asset tokens. Accessed through the Access Control contract, it allows the DAO to efficiently allocate, redistribute, and conduct asset-related operations based on community governance. DEX Injection: This integration with the DAO contract serves the purpose of facilitating the exchange process for earned coins, converting them into APECOIN within the ecosystem. As users accumulate rewards through gameplay, these earned coins will undergo a swapping mechanism orchestrated by the DEX contracts. This process will enable the seamless conversion of the game’s native ERC 20 tokens into APECOIN, the designated utility token. Wallet Contracts: Smart contracts that serve as an interface between user wallets and the DAO ecosystem, facilitating interactions such as voting, participation, and asset Holding for Gamefi interaction. Injected Provider Compatibility: Integration of web 3 .js or similar injected providers to ensure seamless compatibility between Wallet Contracts and the DAO platform, enabling users to engage with Games. SPECIFICATIONS Creating DAO (Decentralized Autonomous Organization) contracts using Solidity that allow for decentralized decision-making within a community. These contracts enable voting, proposal creation, and fund allocation based on community consensus. DAOs can enhance governance and engagement within decentralized systems. Integrating UNISWAP V 2 routers With DAO. This integration would enable DAO to seamlessly swap tokens for Rewards earned from the utilizing collection NFTs. Wallet smart contracts refers to creating programmable wallets with added functionalities. Asset holder interfaces involve functionalities for users to interact with their assets through the smart contract. This could include actions like transferring, swapping, or interacting with DAO protocols directly from the wallet. Integrating GameFi wallet provider implies incorporating smart contract wallets that cater to the needs of the GameFi ecosystem. These wallets have features specific to Utilizing NFTs , generating signatures and voting in DAO for managing in-game assets, NFTs, or tokens associated with specific games. STEPS TO IMPLEMENT Vote approved & funds released, development begins by an internal dedicated team DAO UX/UI Design Wallet UX/UI Design Apecoin ecosystem games integration ( 5 x games as initial step) Tokenomics and reward Distribution Design and Technical Architecture DAO Smart Contract development and testing Wallet Smart Contract development and testing Wallet provider development and testing Wallet frontend development & Integration DAO frontend development & Integration Internal Platform Testing Smart Contract/Platform Internal Audit Smart Contract 3 rd Party Audit Go-Live! TIMELINE 6 months to complete development and test system(s) OVERALL COST $ 520 k USD, denominated in ApeCoin. 5 - 7 x games integration : 180 k ApeDAO Custom features : 150 k Enhanced security : 100 k Maintenance, support, HW, SW, servers: 40 k 50 : various NB: the above are average estimated costs, pretty hard to predict exact development working hours and difficulty on integrating the games. The development will be incremental and we prepare the ground for the integration of all future Ape ecosystem games/apps.
  Likes: 5 Replies: 0
  Likers: Fredoia, ton, irvinxyz, bigbull, Cryptosheep
  No replies yet.