Profile of ernestlee in ApeCoin

Posts by ernestlee

• AIP-552: Pausing Special Council elections pending the outcome of the Governance Revamp AIP vote by ernestlee - Regular
  Posted on: Nov. 16, 2024, 10:08 p.m.
  Content: We have revised AIP- 553 according to community feedback. AIP- 553 now proposes sunsetting the 5 -member Special Council at the end of their current terms and replacing those roles with 3 DAO Advocates that will provide transparency, treasury oversight, and communication between the DAO, Delegations, AIP authors, and the Ape Foundation. You can find the AIP here.
  Likes: 2 Replies: 0
  Likers: Evil, Jasper
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• AIP-562: Clarify Trademark usage for vendors accepting ApeCoin by ernestlee - Regular
  Posted on: Nov. 15, 2024, 4:25 p.m.
  Content: PROPOSAL NAME: Clarify Trademark usage for vendors accepting ApeCoin. TEAM DESCRIPTION: • @ErnestLee, ApeCoin DAO Community Member PROPOSAL DESCRIPTION: Some businesses including MBA licensees that accept ApeCoin as payment for goods and services have previously been asked by Yuga Labs to remove the ApeCoin logo from their websites. Others have received similar requests from the ApeCoin DAO. This proposal seeks to clarify once and for all that any vendor that accepts ApeCoin may display the official ApeCoin logo on their websites and in their business to signify that they accept ApeCoin as payment for their goods and services. BENEFIT TO APECOIN ECOSYSTEM: This clarity will promote use and adoption of ApeCoin as payment for goods and services. STEPS TO IMPLEMENT: Publish fair use guidelines that allow a business to use the official ApeCoin logo without seeking any further approval Distribute such guidelines internally and on the official ApeCoin website and social media accounts REPORTING EXPECTATIONS: The expectation is that this proposal would be implemented by the DAO’s administrative team. The community should regularly review the impact of this proposal. If accepted, the administration and the community should review the impact of the updates after the 3 -month period for conflict ends. OVERALL COST: “Total amount requested from the ApeCoin Ecosystem Fund = $ 0 .”
  Likes: 2 Replies: 0
  Likers: Jasper, CryptoRun
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• ApeChain, On-chain – ApeCoin DAO Governance Revamp by ernestlee - Regular
  Posted on: Nov. 8, 2024, 1:44 a.m.
  Content: Waabam- We were just discussing your AIP idea on the X Spaces for the last few hours and had a few questions. Would you be open to allocating 20 % of the net inflows to a DAO operated VC Fund that would continue to fund AIP ideas for businesses such as MBA licensees? The idea would be that the DAO could either provide venture debt or joint venture deals to continue to fund dreams but only where the DAO has the funds to do so. All proposals would still be put up to a community vote to approve funding. Would you also be open to the Foundation hiring an Ape Foundation community liaison that would provide the transparency and accountability that we suggested in the RESET idea? This individual would communicate with AIP authors fro the cradle to the grave on their ideas making sure that they are meeting the expectations of the DAO and vice versa.
  Likes: 0 Replies: 0
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• ApeChain, On-chain – ApeCoin DAO Governance Revamp by ernestlee - Regular
  Posted on: Nov. 7, 2024, 9:37 p.m.
  Content: Thank you for that clarification Waabam. Would you like to participate in an X Spaces right now? x.com
  Likes: 1 Replies: 0
  Likers: bigbull
  No replies yet.
• ApeChain, On-chain – ApeCoin DAO Governance Revamp by ernestlee - Regular
  Posted on: Nov. 7, 2024, 8:48 p.m.
  Content: Let’s talk about this on x.com
  Likes: 0 Replies: 0
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• AIP-552: Pausing Special Council elections pending the outcome of the Governance Revamp AIP vote by ernestlee - Regular
  Posted on: Nov. 7, 2024, 8:41 p.m.
  Content: That is officially the shortest period of time that it has taken an AIP idea to move forward to vote.
  Likes: 3 Replies: 0
  Likers: furiousanger, bigbull, Jasper
  No replies yet.
• ApeChain, On-chain – ApeCoin DAO Governance Revamp by ernestlee - Regular
  Posted on: Nov. 7, 2024, 8:29 p.m.
  Content: AIP- 552 : Pausing Special Council elections pending the outcome of the Governance Revamp AIP vote Amazing. That is the fastest that an AIP idea has ever moved forward to a vote.
  Likes: 2 Replies: 2
  Likers: furiousanger, Evil
  Replies:

  • Cryptosheep: How can an AIP be posted on Snapshot if the community post doesn’t even have a number assigned?
  • DavidW: nataliecrue: Funding should be available to ALL token holders and no minimum amount of tokens should be a requirement Good point. ernestlee: That is the fastest that an AIP idea has ever moved forward to a vote. Good point. VonFrontin: The DAO has already allocated 100M $APE to the development of ApeChain via the Banana Bill… So my question is: what happened to that? Good point.
• ApeChain, On-chain – ApeCoin DAO Governance Revamp by ernestlee - Regular
  Posted on: Nov. 7, 2024, 8:11 p.m.
  Content: If this moves forward, it should be either returned for clarification or reconstruction because it spends more than 5 % of the treasury AND is at Odds with the mission/ values of the DAO Reasons to tag as “Return for Clarification” may include but are not limited to: Cost to implement unclear/not able to be calculated Would use more than 5 % of the DAO treasury Conflicts with another proposal Reasons to tag as “Return for Reconstruction” may include but are not limited to: Proposal is at odds with the mission/values of the DAO Proposal is at odds with the well-being of the DAO Violations of law, or against advice of counsel for APE Foundation Reasonable suspicion of fraud or other misleading information
  Likes: 2 Replies: 0
  Likers: Cryptosheep, Ty.INTRFAC3
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• ApeChain, On-chain – ApeCoin DAO Governance Revamp by ernestlee - Regular
  Posted on: Nov. 7, 2024, 6:33 p.m.
  Content: Full disclosure, I am a co-author of another proposal which proposes to expand the role of the Special Council and to increase transparency. RESET : Reorganize & Empower the Special Council for Enhanced Transparency - # 41 by ernestlee Initially, it appears that under the REVAMP above the opposite is being proposed. Under this plan, the ApeCoin DAO would only fund ApeChain related projects, an AIP author would need to have 500 , 000 APE to submit a new proposal and would need to have at least 1 , 000 , 000 APE delegated to them before the AIP Idea will move to vote, and a 9 member Security Council will oversee the DAO and will be paid $ 25 , 000 each annually for the work that they do for the DAO. Unfortunately, it appears that this REVAMP idea would further centralize the day to day decision making and operation of the DAO performed by contractors without any provision for any transparency to the community. When I first heard that this proposal could be coming, I had honestly hoped that this would not be the case. Further, it appears that 35 % of the current treasury would be allocated to the administrative functions of the DAO. So although this REVAMP idea purports to save the DAO $ 400 , 000 , that figure does not appear to be completely accurate.
  Likes: 2 Replies: 0
  Likers: Lanzer, furiousanger
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• AIP-552: Pausing Special Council elections pending the outcome of the Governance Revamp AIP vote by ernestlee - Regular
  Posted on: Nov. 7, 2024, 12:07 p.m.
  Content: The previous plan for on-chain voting, as stated on the ApeCoin website, included “Implementing on-chain voting” AND still “Voting annually to elect members for the DAO’s Board”; Special Council. The RESET plan currently proposed would do this and more; adding jobs for the Special Council to perform around communication and coordination between the DAO contractors and the community. These individuals would be beholden to the DAO and subject to removal by vote. Additionally, the previous plan was also to bring the other jobs currently being performed by 3 rd party contractors in-house by … "Hiring DAO members to take care of administrative, project management, and moderation tasks to replace the company appointed" … to perform those tasks. I believe that more transparency is needed, not less, and feel that migrating the tasks currently performed by the Special Council to 3 rd party contractors is the exactly the opposite and wrong direction for the DAO and would result in less transparency for the community.
  Likes: 1 Replies: 0
  Likers: Jasper
  No replies yet.