Profile of penguinpecker in ApeCoin
Posts by penguinpecker
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AIP-540: Ape Shoes: An affordable and comfortable approach for ROI within the DAO
by penguinpecker - Accepted AIP Author
Posted on: Sept. 28, 2024, 6:52 p.m.
Content: Smol cost. Seems like a no brainer!
Likes: 1
Replies: 1
Replies:
- Evil: ScreenwriterDave:
Kapow! Looks great. Can’t wait to see more
Lets gooo!!
penguinpecker:
Smol cost. Seems like a no brainer!
Agreed! Even high end shoes are manufactured at this cost depending on materials and they have been making shoes for some branded companies already like Bata, Sketchers etc. It’s just the final logo that gets slapped on the tag that decide the price for end users.
0xWebMoss:
Cool idea bro, $80 is friggin cheap imho, cant buy decent kicks here for that, size 12 please, can we get them in black or blue, or only white available?
Thank you so much Webmoss for the vote of confidence hahaha, idea is always to put community first and make them accessible to a larger audience compared to other collabs that sell for $300-400.
Thought process for $80 was that people can afford them + pay for delivery without burning a hole in their pocket. Sometimes people think that lower price means low quality but thats not true since all shoes are manufactured at the same range, just what companies sell them for matters.
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Implementation Update | AIP-397: NFT Launchpad Powered by $Ape!
by penguinpecker - Accepted AIP Author
Posted on: Sept. 10, 2024, 12:34 p.m.
Content: Interview Q&A:
The ApeCoin DAO has posted a few resources on navigating the AIP process, including a series of Discourse posts; based on your experience, are these resources and the website helpful for drafting an AIP?
YES
Have there been any delays or changes to the original timeline?
No, Infact, we have delivered 1 month Prior of Deadline.
Do you have any updates regarding the budget?
No
How can the community support your initiative?
Community can be supportive by interacting with tweets on twitter and interacting with protocol which it has been doing already.
Do you have anything you would like to tell the community?
Coming soon on Apechain…
Do you provide consent to share these questions with the community in this forum?
Yes, Sure!
cc @bigbull @bigbullgwg
Likes: 2
Replies: 0
No replies yet.
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Move Apestake staking protocol to Apechain
by penguinpecker - Accepted AIP Author
Posted on: Sept. 4, 2024, 2:52 p.m.
Content: if the staking still exists, it has to be on apechain. its literally no brainer! staking/unstaking cost good sum of gas on 3 rd party protocols like benddao so this could be another motivation for it to be on apechain.
Likes: 1
Replies: 1
Replies:
- yatsiu: penguinpecker:
if the staking still exists, it has to be on apechain. its literally no brainer! staking/unstaking cost good sum of gas on 3rd party protocols like benddao so this could be another motivation for it to be on apechain.
That was my point and it’s more than just saving gas let’s at least make them claim the tokens on apechain and convert over.
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The phase after Admin Review
by penguinpecker - Accepted AIP Author
Posted on: Sept. 3, 2024, 11:31 a.m.
Content: I 100 % Agree with all these questions. Need more clarity on this Admin review thing. why do they need 30 business days to review AIP which they already read since they ask few questions based on your AIP. also how are we tracking progress of special council members? all these questions has to be asked and made clear wen more transparency has been brought for grantees, There has to be more transparency on internal system too since some of the members selected for special council and steward didnt show up until we held elections, questions were raised against them but no one answered them.
Likes: 2
Replies: 0
No replies yet.
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AIP-513: Decentralized Drinks Paris: Powered by ApeCoin
by penguinpecker - Accepted AIP Author
Posted on: Aug. 23, 2024, 12:48 p.m.
Content: well the ask is small so looks fine.
Likes: 4
Replies: 0
No replies yet.
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AIP-500: A Revolutionary Web3 IP Marketplace Powered by ApeCoin
by penguinpecker - Accepted AIP Author
Posted on: Aug. 8, 2024, 5:32 p.m.
Content: Hey, Regarding AIP 494 , I would like to clarify the proposal is in Admin review currently. The Treaxure marketplace is IP Marketplace. Whereas, 494 is NFT Marketplace on Apechain. The AIP 98 marketplace was on ethereum and allowed people to buy nfts using APE token but it doesnt seems to be run anymore.
Likes: 4
Replies: 0
No replies yet.
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AIP-494: Gamified NFT Marketplace on Apechain
by penguinpecker - Accepted AIP Author
Posted on: July 29, 2024, 1:08 p.m.
Content: Yea, we just took reference from other marketplaces for valuation but as said in proposal, depending upon how apechain goes and market sentiment. We can adjust the valuation and the dao allocation would be adjusted accordingly.
Likes: 0
Replies: 0
No likes yet.
No replies yet.
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Grain - The Affiliate Marketing Network For Web3 Brands
by penguinpecker - Accepted AIP Author
Posted on: July 18, 2024, 7:41 p.m.
Content: It seems to be 1 / 1 product on blockchain tbh and yea affiliate marketing is big and backbone of traditional online retail. Would be spot on if the proposal is inclined more towards $ape and its involvement so it benefits the Ape ecosystem.
Likes: 2
Replies: 0
No replies yet.
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AIP-494: Gamified NFT Marketplace on Apechain
by penguinpecker - Accepted AIP Author
Posted on: July 18, 2024, 1:49 p.m.
Content: FYI: This proposal is Different from my past proposal about NFT Launchpad tool. Regarding that proposal, The launchpad is 90 % ready and was about to be out this week but since we got update of curtis testnet, we would need to migrate but it would be finished by early next week itself. i wanted to wait but looking at how close the mainnet is, this couldnt have been waited for longer.
Likes: 1
Replies: 1
Replies:
- MonkeyMike.eth: The Testnet world, pilled TF outta me in 2022.
Im forever changed after Goerli,
anywho…
Down to pitch on some tinkering around, hit me up.
Much Love,
MonkeyMike
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AIP-494: Gamified NFT Marketplace on Apechain
by penguinpecker - Accepted AIP Author
Posted on: July 18, 2024, 12:58 p.m.
Content:
PROPOSAL NAME:
Gamified NFT Marketplace on Apechain
TEAM DESCRIPTION:
Penguinpecker
Role- Founder/ CEO
Background- Bachelors in Computer Science from IIIT.
5 y Experience in International Ecommerce and Digital Marketing. 2 y Experience in Native Web 3 Project Management, Marketing, Bot etc.
Twitter-x.com
Lazydev
Role- Co-Founder/ CTO
Background- Self Taught College Dropout.
2 y Experience as CTO for IOT Startup.
Full Stack Developer. Expertise in Smart Contract Development in Solidity and Rust. Master of Integrating web 3 Applications and Databases.
Linkedin- https://www.linkedin.com/in/varishali/ 9
PROPOSAL DESCRIPTION
The initiative aims to support the Apecoin & Apechain ecosystem by facilitating the trading of non-fungible tokens (NFTs), thereby enhancing the utility and adoption of $Ape as a token & Apechain as ecosystem. Puffles, the project introduces a user-friendly, Rewarding and collector friendly user interface & Platform for NFT Collectors to trade their NFTs. With an emphasis on Collector Friendly and support Native to Apechain, Puffles empowers creativity and accessibility in the NFT space. The primary objective is to establish an NFT Marketplace utilizing $Ape as currency to Trade NFTs, providing creators with a seamless platform for both minting, showcasing, and trading their NFTs.
Puffles as NFT Launchpad & Marketplace will have its own token that will be Rewarded to people for interacting with NFT Launchpad & Marketplace. The Token will be Called $Puf, $Puf will serve as token for Puffles Launchpad & Marketplace. The token will be deployed on Apechain and will serve as Utility token for Puffles eco system. None of Funds raised from the DAO are meant for liquidity; we will be raising funds in order to facilitate liquidity.
BENEFIT TO APECOIN ECOSYSTEM:
$Ape stands as a trailblazer in the NFT ecosystem, representing the very essence of NFTs at the forefront. Its journey has been fueled by the passionate Ape and NFT community. Consequently, it holds immense significance for $Ape to lead the way in the NFT realm on Apechain.
Apechain has it’s own native token $ape already which makes it harder for the chain to attract airdrop farmers as the most important incentive provided by blockchain Company is gone and therefore, it becomes extremely important for apechain to boost projects like Puffles that will have their own utility tokens on apechain. The Token Farming Campaign will attract airdrop farmers and creators from across different blockchains and bring overall attention, Utility and Volume to Apechain.
Features of Marketplace
Homepage
Puffles Marketplace will be having a NFT Collection friendly user interface with more visibility to Collections of Gaming Category since we believe Apechain is going to be focused more on Gaming Narrative
Quests & Leaderboard
Puffles Marketplace will have Quests and Season Based Leaderboard updated every 24 h
Collection Booster
Token Farming Campaigns will be designed in a way to provide extra benefits to All Yuga Collections if any on apechain and also Provide a incentive to Mocaverse ecosystem NFT collections on Apechain if any as strategic partner for Apecoin and Apechain growth. This Boost will be provided with 1 . 5 x Boost in XP Collection, which is a point system taking in account different activities of NFT Users and rewarding them.
$Ape Booster
Users Can Buy 24 h Points Booster Using $Ape to gain more XPs. The Feature had been Used in HV-MTL Game and has been integral part of yuga ecosystem since then. This will Bring in another Revenue Stream for Puffles to Make money and Sustain the Market.
[Image showing Sale of $Ape Booster]
Holder Points
Unlike other NFT Marketplaces, Where people Hated to be reward users for trading nfts and therefore, destroying NFT Floor prices. For the 1 st Time Users will be rewarded for Holding the NFTs with conditions of the NFTs being bought from the Puffles Marketplace. Holder points will be points rewarded to users who would buy nfts from Puffles marketplace and hold it, but in order to prevent any misuse of this feature since the system can be manipulated by buying and holding dead or fake collections. There will be a system in place taking in account the 24 h Volume of NFT collections to determine the XP awarded to the user.
Collector Profile
Unlike Other new Marketplaces that aim to have trader focused interface and therefore, undermining the NFT Collection Culture. Puffles will have Personal Profile Page Made in a way that will Boost the Narrative of Holding and Collecting NFTs. Collector profile will have badges that will display their achievements from Quests completion and Holder Profile.
These Badges Data will be Available via our APIs. Projects Launching on Apechain will have access to this Data and can be used to Reward Users with Certain Badges.
Enforced Royalties
All the contracts will have their royalties enforced making sure all creators get paid.
Business Model
The Marketplace will earn revenue in two ways.
Flat Platform fee of 2 %
Revenue From the Farming Booster
$Puf Token Equity Offer to Apecoin Dao
Puffles Team do Believe that Any Dao shouldn’t pay for Marketing cost of Any proposals. however, if it does. It should be Compensated in form of Equity to give it back to the community and replenish treasury. Therefore, Puffles request a additional $ 100 k in addition to development cost which will act as Seed Fund for $puf token.
A Standard Valuation of any NFT marketplace comes around $ 10 M. We are evaluating Puffles NFT Marketplace at $ 10 m, With $ 100 k which is being taken for marketing purposes from Dao is being Taken as Seed Capital in Exchange of 1 % of $puf token. The Terms for this Token will be unlock at token generation event (TGE) and Linear Monthly Vesting for 24 months.
Please note- The Numbers around Valuations are subjected to change looking at market conditions and value of $PUF token around the time of tge. However, the offer to dao in % and terms will remain same.
How does Equity Structure will be implemented and Executed?
Every 1 st of every Month Puffles Token Ticker $puf will be swapped to $ape on chain and will be sent to wallet address provided by Apecoin dao treasury.
DEFINITIONS:
Ec 2 - It is Backed Server service that makes sure all users are able to Send API requests to Backend at same time offered by AWS.
S 3 - It is Storage Service for Images/Videos/Assets offered by AWS.
Vercel- It is Service allowing companies to host the Frontend of their Websites to handle increasing high Traffic.
Wallet Aggregator- Rainbow Wallet extension DApp that allow people to login/sign in using different Kind of web 3 wallets.
Web 3 storage- It is A Service that stores images/Videos uploaded by users for their NFT Collections.
IPFS- It is Service that allow users to Storage images/videos on Decentralised Storage Nodes.
Proxy Contract- Proxy contract is a design pattern in Ethereum smart contracts, allowing for the modification of contract code without changing the contract address or the state. This is crucial for fixing bugs, updating logic, or adding new features after deployment.
Deployer Contract- It is type of Contract that Uses functions from Proxy Contracts, Fills in the Custom Values entered by Users and Deploy it on blockchain.
PLATFORMS & TECHNOLOGIES:
A Service called EC 2 will be Used from Platform AWS will be Used to keep the Platform Live on backend.
A Service Called S 3 will be used from platform AWS which will be used to store Few of the Images Like Placeholder image for Better User Experience.
A Service Called Vercel will be used to host the Frontend of the Platform.
A web 3 Wallet Aggregator service Called Rainbow will be used for Wallet signature verification.
A Service Called Web 3 storage will be Used that offers APIs for IPFS Service.
Smart Contract Setup of Proxy Contract and Deployer contract will be Used to Deploy custom smart contracts on mainnet.
STEPS TO IMPLEMENT:
Design and Planning of UI/UX of the Frontend platform. ETA- 1 Month. Cost- $ 20 k
Designing and Planning on how to Implement UI/UX Will be done for the whole platform
Development of Frontend, Backend, Smart Contracts. ETA- 1 Months. Cost- $ 40 k
Development of Frontend, Backend, Smart Contracts will be done.
Alpha & Beta Testing of Platform with Team and associated Partners. ETA- 1 Month. Cost- $ 20 k
Deployment of Smart contracts will be done on testnet and finally the mainnet. Testers will be hired as Team and from Community and incentivised for Testing of Contracts and Features.
Audit. ETA- 1 Month. Cost- $ 20 k
An Audit firm will be Hired to Make sure the Smart Contracts are safe to use and efficient.
Maintenance Cost of Servers and hosting services for 1 year: $ 40 k
Legal Cost: $ 10 k
Marketing. Cost- $ 100 k
A Top Tier Web 3 Marketing Firm will be Hired to Facilitate the onboard of Partners, Artists, Web 3 Companies to Apechain.
Marketing Firm will help us Activation of KOLs, Paid partnerships with Artists
Firm will also help us Raise Funding Rounds for Token and Execution of Go to Market Strategies.
REPORTING EXPECTATIONS:
Development of whole platform Including Design, Frontend, Backend, Smart Contract- 3 Months
Alpha/Beta Testing & Feedback Loops- 1 Month
Audit & Launch - 1 Month
All the updates of AIP will be updates in the section AIP Execution and Transparency - ApeCoin DAO until the Proposal is Implemented completely, which would take upto 5 months for completion.
OVERALL COST:
Total amount requested from the ApeCoin Ecosystem Fund = $ 250 , 000 USD
Cost Breakdown:
Designing of the Whole Platform: $ 20 k
Development Cost for 3 Months: $ 40 k
Deployment and Testing Cost: $ 20 k
Maintenance Cost of Servers and hosting services for 1 year: $ 40 k
Legal Cost: $ 10 k
Audit: $ 20 k
Marketing cost: $ 100 k (Equity Equivalent)
FUNDING TRANCHES
Q 4 2024 : 100 k, upon successful Aip Passing
Q 4 2024 ( 1 month after the aip passing): 100 k
Q 4 24 /Q 1 25 ( 2 months after the aip passing): 50 k
Expectation from Apecoin Dao?
Apecoin Dao Needs to provide with a EVM-based Decentralised Wallet that will be sent all the Swapped $ape Tokens every month for next 2 Years.
Thank you for considering our grant application. We welcome the opportunity to discuss our proposal in further detail and provide any additional information you may require.
Likes: 2
Replies: 0
No replies yet.
