Profile of Valll67 in ApeCoin
Posts by Valll67
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Quadratic voting system
by Valll67 - No Role
Posted on: March 15, 2024, 2:10 p.m.
Content: I fully understand that the info isn’t detailed enough, but I won’t hesitate to tell you more once my friend and I have brainstormed.
I thank everyone for the constructive answers!:heart:
Likes: 1
Replies: 0
No replies yet.
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Quadratic voting system
by Valll67 - No Role
Posted on: March 14, 2024, 1:56 a.m.
Content: Here’s a little update on my topic, the main aim of which is to implement bond voting in the quadratic system:
The bond voting mechanism proposes that votes should be weighted not only by the quantity of tokens, but also by the time over which those tokens are committed.
This could discourage large token holders from splitting their funds, as they would also need to commit to a period of time for each portfolio, increasing their opportunity cost.
It is important to note that the implementation of such mechanisms must be done carefully to avoid discouraging legitimate participation while preventing manipulation.
Likes: 1
Replies: 2
Replies:
- furiousanger: I look forward to seeing your idea detailed in full. But at this stage there’s simply nowhere near enough specifics for me to agree in principle to such an impactful change.
Personally I was beginning to lean towards the idea of creating a small team to investigate and research this whole topic as it is so vast and important we get right.
Ok, will follow, hope to see much more detail soon. Thanks.
- LiveFast9986: Committed? You mean like APE has to be “locked up” somewhere?
Personally, I think you are going to have an uphill battle because your proposal is basically asking ApeCoin DAO to get off of Snapshot for the purposes of your Quadratic Voting.
So either this AIP is Quadratic Voting as you describe it in addition to building out a whole new voting mechanism to replace the functionality of Snapshot
OR
You look into creating what you want as strategies within Snapshot.
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Quadratic voting system
by Valll67 - No Role
Posted on: March 9, 2024, 4:46 p.m.
Content: PROPOSAL NAME:
Improving ApeCoin DAO’s Decision-Making Processes
PROPOSAL CATEGORY:
Process - For proposals aimed at changing the decision-making processes of the ApeCoin DAO.
TEAM DESCRIPTION:
I am an independent developer teaming up with a friend who has more extensive experience in the field, aiming to bring significant improvements to the ApeCoin DAO’s processes.
ABSTRACT:
This proposal aims to introduce a quadratic voting system within the ApeCoin DAO to make decisions more equitable and representative of the community.
BENEFIT TO APECOIN ECOSYSTEM:
Quadratic voting could potentially diminish the power of large token holders and give more weight to individual voices, thus strengthening democracy within the ecosystem.
KEY TERMS:
Quadratic Voting - A voting system where the cost of each additional vote increases exponentially.
PLATFORMS & TECHNOLOGIES:
We will use custom smart contracts on the Ethereum blockchain to implement the voting system.
STEPS TO IMPLEMENT & TIMELINE:
Implementation will require the creation and testing of smart contracts, community education on the new voting system, and integration with existing ApeCoin DAO platforms. We plan to start this project in Q 3 2024 and span over 6 months.
OVERALL COST:
The estimated total budget for this initiative is approximately 50 , 000 APE.
Likes: 0
Replies: 1
No likes yet.
Replies:
- furiousanger: Hi. Really great to read ideas on voting.
I have looked at almost every established voting system including QV. I’m still of the belief we need something entirely bespoke.
Valll67:
BENEFIT TO APECOIN ECOSYSTEM:
Quadratic voting could potentially diminish the power of large token holders and give more weight to individual voices, thus strengthening democracy within the ecosystem.
Could you detail how you would combat Sybil attacks (which is just one of the drawbacks to this method).
And also comment a bit on what Livefast mentioned - why would we move away from snapshot (who offer QV as standard) and potentially create a situation where all apecoin used to vote could be put at risk (bugs/vulnerabilities in the code).
Many thanks.
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Doc for Vote with ape!
by Valll67 - No Role
Posted on: March 9, 2024, 6:36 a.m.
Content: To vote with ApeCoin on Snapshot, follow these simple steps:
Access Snapshot: Go to the Snapshot site where voting takes place.
-Connect your wallet: You’ll need to connect your digital wallet, which contains your ApeCoins. This is usually done via a “Connect Wallet” button on the site.
-Authenticate yourself: To participate in the voting, you need to prove that you hold ApeCoins. The authentication process verifies your balance without spending any transaction fees.
-Find the proposal: Search for the specific proposal you wish to vote on. It will be listed with the other current proposals.
-Vote: Once you’ve found the proposal, you can vote for or against it. Your vote will be proportional to the number of ApeCoins you hold.
Remember that each ApeCoin counts as one vote in the ApeCoin DAO voting process.
It’s a democratic way to participate in important decisions concerning the ApeCoin ecosystem. Happy voting!
Likes: 5
Replies: 0
No replies yet.
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AIP-410: ApeCoin DAO Goes to Hollywood
by Valll67 - No Role
Posted on: March 8, 2024, 5:03 p.m.
Content: I love the idea! You can tell everything is researched and calculated, congratulations :tada:
Likes: 2
Replies: 0
No replies yet.
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DAO finance Ape
by Valll67 - No Role
Posted on: Aug. 25, 2023, 5:36 p.m.
Content: ApeCoin DAO will finance the development and publishing of three to four titles for a total of $ 20 M to enable TBAA’s work. Initially, only $ 10 M will be deployed, and the rest will be reserved for deployment if a title has a clear path to scaling and profitability. The funds will be distributed in stablecoins and $APE, aligning teams with the DAO as $APE holders and giving them a stake in the token’s long-term success. TBAA will have regular syncs with the ApeCoin DAO’s leadership throughout to ensure that the project remains aligned with the DAO’s vision and mission.
Top-performing games generate billions of dollars per year. If this project is successful, the DAO would benefit hugely and deliver value across the Yugaverse. As importantly, this initiative would deliver on the DAO’s mission to be the “protocol layer for community-initiatives that drive forward culture in the metaverse”. This would be one of the most ambitious projects ever supported by a DAO, and if successful, it’ll kickstart “The Great Onboarding”. Let’s make history!
Likes: 3
Replies: 0
No replies yet.
