AIP-324: ApeCoin DAO Governed GameFi Smart Contract Wallet

LL99Starz - Accepted AIP Author
Aug. 16, 2023, 10:53 a.m.

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.

The proposal aims to create Apecoin DAO smart contract Wallets for GameFi NFTs to establish a lending assets and rewarding vault, encouraging active user engagement within the GameFi community. By using DAO to manage NFT assets, the project aims to maximize the NFT DeFi potential, increase NFT scarcity and market prices. The proposal involves a world-class team, including individuals with expertise in blockchain, gaming, and data science, and outlines the motivation, rationale, benefits to the ApeCoin ecosystem, key terms, specifications, implementation steps, timeline, and overall cost. The project intends to add value, increase community participation, and attract investors to enhance the ApeCoin ecosystem.

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PartnershipDude - No Role
Aug. 16, 2023, 6:54 p.m.

Welcome Starz. I like the idea and think it’s good. Quick one; why should I leave a prior NFT lendi… Welcome Starz. I like the idea and think it’s good. Quick one; why should I leave a prior NFT lending service for what you offering?

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Likers: KORUS
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- LL99Starz: 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 web3 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.
Rubinato - No Role
Aug. 16, 2023, 6:57 p.m.

Hi, @LL 99 Starz I didn’t quite understand the part of the DAO voting to move idle member assets… H… Hi, @LL 99 Starz I didn’t quite understand the part of the DAO voting to move idle member assets… How long would you consider yourself an idle member? Att,

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Likers: KORUS
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- LL99Starz: 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
LL99Starz - Accepted AIP Author
Aug. 16, 2023, 7:19 p.m.

Thanks for the question: First of all, let’s make the premise that this proposition is for Apecoin … 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.

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- PartnershipDude: Pretty nice interplay. Will get to see how this works. Goodluck brotherrrr
LL99Starz - Accepted AIP Author
Aug. 17, 2023, 7:37 a.m.

Hi, Well, this is a technical option to freely move assets among players. It’s not on us to decide … 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

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PartnershipDude - No Role
Aug. 17, 2023, 11:25 a.m.

Pretty nice interplay. Will get to see how this works. Goodluck brotherrrr Pretty nice interplay. Will get to see how this works. Goodluck brotherrrr

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ok99 - No Role
Aug. 17, 2023, 11:49 p.m.

Love the idea, the ape NFTs are generally expensive and it would open it up to a bigger community w… Love the idea, the ape NFTs are generally expensive and it would open it up to a bigger community who can rent and play with it.

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Chris.Admin - This user is a moderator, Facilitator
Aug. 22, 2023, 1:41 p.m.

Hi @LL 99 Starz, Your topic will be moving to the AIP Draft phase in less than 24 hours. Are you … Hi @LL 99 Starz, Your topic will be moving to the AIP Draft phase in less than 24 hours. Are you content with the feedback received or do you wish to extend community discussion for another 7 days? If we do not hear from you within 48 hours after your topic closes, your topic will be moved straight to the AIP Draft process. We look forward to hearing from you. -@Facilitators

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Chris.Admin - This user is a moderator, Facilitator
Aug. 25, 2023, 10:59 a.m.

Hi @LL 99 Starz, Thank you for your ideas [and the ApeCoin DAO community for the insightful discuss… Hi @LL 99 Starz, Thank you for your ideas [and the ApeCoin DAO community for the insightful discussions]. A moderator will reach out to the author to finalize the AIP Draft using the appropriate template. In accordance with DAO-approved guidelines, if the author doesn’t respond within 30 days, the proposal will be automatically transferred to the Withdrawn category, and the author can re-submit the idea. Once the AIP is Drafted and meets all DAO-approved guidelines, it will be published on Snapshot for the official live voting phase at: Snapshot. Follow this Topic as further updates will be posted here in the comments. @LL 99 Starz please see your messages for the next steps. -@Facilitators

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Chris.Admin - This user is a moderator, Facilitator
Sept. 2, 2023, 3:42 p.m.

Hi ApeCoin DAO Community, @LL 99 Starz has completed editing their AIP Idea to be their AIP Draft. … Hi ApeCoin DAO Community, @LL 99 Starz has completed editing their AIP Idea to be their AIP Draft. Follow this Topic as further updates will be posted here in the comments. Kind Regards, -@Facilitators

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Chris.Admin - This user is a moderator, Facilitator
Sept. 8, 2023, 7:10 p.m.

Hi ApeCoin DAO Community, Our team has reviewed and discussed @LL 99 Starz’s AIP Draft and have sen… Hi ApeCoin DAO Community, Our team has reviewed and discussed @LL 99 Starz’s AIP Draft and have sent a list of initial questions. We await answers. Follow this Topic as further updates will be posted here in the comments. Kind Regards, -@Facilitators

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Chris.Admin - This user is a moderator, Facilitator
Sept. 17, 2023, 12:23 a.m.

Hi ApeCoin DAO Community, @LL 99 Starz has responded to our questions and has provided consent to s… Hi ApeCoin DAO Community, @LL 99 Starz has responded to our questions and has provided consent to share some of them in this forum for the community. 1 . Is the Ape Foundation expected to be involved in any of the steps of the AIP implementation? If so, please specify the steps and elaborate on how it is expected to work. Yes, but mostly as strategic/tech talks and advisory. We build a product for you, we want to make sure we’re on the same page. Specifically: a) Wallet customization for ApeDAO - discussion talk between our teams on what is best/possible to do b) Execution of the above - cooperation with the 2 teams on API integration, testing, security, etc… we develop the product, but we need full cooperation from your side on all tech and eventually strategic choices. c) Marketing - we would love to have the Ape Foundation helping with marketing. You’re the best in it and your help on promoting the news or the partnership would be greatly appreciated. We would prefer to focus on BUIDLing. 2 . Does your platform’s lending system require users’ assets to be moved from their custodial wallet to another wallet? Yes, the principle of the Gamefied platform is to use the Gamefied wallet. Players using guild’s assets will not require to move assets, actually they borrow the assets, they can play using guild’s assets and earn their cut directly into their personal wallet. Guilds/DAO managers will have to use a Gamefied Guild Manager account/wallet, which has all the superpowers to control, manage and use all platform features. 3 . How will platform/wallet specifications ultimately be decided upon? The question is not super clear but if they are asking about the platform/ wallet reward split and any policy decisions then it will be decided by the DAO (or the guilds). 4 . Will you be collecting any user data during their interactions? If so, please elaborate. Yes. We will certainly collect some basic data. The platform works with data received by the wallet. The basic data we collect is: - wallet game winnings - which games they played - how long for - guilds internal teams stats as well user’s stats In order to provide guilds with a better tool, we aim at collecting more data and it mainly depends on how the game’s tokenomics and ecosystem works, as well as their native API. We would ideally collect more useful and detailed data also based on the assets (NFTs). Some examples: - which assets have been used more - which assets won the most That would help indexing the assets better for the aftermarket value. Overall, the data we collect can only benefit game studios and guilds. More data = more details = more efficient response/management from your side 5 . Your Overall Cost is listed as “ 350 k APE ($ 520 k). Will you accept 350 k $APE at the time the grant is issued, regardless of USD value? That’s a good question. We’re happy to receive APE coins, and swap them only on need (pay devs and infrastructure costs). We forecasted expenses between 500 k and 550 k, then picked an average number, 520 k usd. This grant goes 100 % into development costs, devs are paid in USD equivalent. So if the market is still bad while we cash out every month, the 350 k APE could finally become 300 k usd value or less, which would mean we’ll be short. The purpose of this AIP is to deliver a full working product at the level of the Ape ecosystem, the first of its kind, si it’s also very strategic. Therefore, any financial stress would only harm. I would say that we’re ok to receive an amount of APE for the value of 520 k USD. APE amount estimated while we approach the grant date. 6 . Will your team require additional payment should necessary maintenance or support needs arise? Ideally we should generate enough revenues from the rev share model to cover all maintenance and support needs. In case of further games releases/integrations, change of Ape gaming ecosystem dynamics or any other major events that could represent important costs, we could talk and see if our revenues can cover the expenses. If we become partners, we stay partners for longtime, that’s how we like things. 7 . Is the allocation of grant funds intended for liquidity in the DEX pool? No. it’s 100 % for the development and infrastructure 8 . Do you have any estimated costs for users to use the platform’s features or any premium features? Players (final users) will have no cost. Guilds will have no fixed costs. The only requirement is the rev share model and the STZ holding. Being based on a flexible game revenues share model, there’s margin for everyone to earn a cut. Example: Guild A - Game 1 - 10 % cut for 99 Starz Guild A - Game 2 - 5 % “”” Guild B - Game 1 - 8 % “”” Etc… We might further develop some features of the platform and open some for an extra cost, or switch to the subscription model (instead of the current one). We have many ideas, but we don’t know what the web 3 gaming space will be in 2 - 3 years, so for now the current model we adopted is the best working and most fair. 9 . Do you intend to use ApeCoin as the governance token? The ApeDAO dynamics will remain the same. We offer a SaaS here, your community will still use APE as the governance token. The ApeDAO or subDAOs owning gaming assets are like guilds to us. The internal mechanics of appointing players and roles, assets and voting is all on you. The author has requested that select interview questions and responses be withheld from the public record at this time. A DAR package is being worked on and upon completion this AIP will move into Administrative Review. Follow this Topic as further updates will be posted here in the comments. Kind Regards, -@Facilitators

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LL99Starz - Accepted AIP Author
Sept. 17, 2023, 4:45 p.m.

Thank you for your insightful questions! We’re delighted to reply to any further questions the comm… Thank you for your insightful questions! We’re delighted to reply to any further questions the community might have :slight_smile:

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Chris.Admin - This user is a moderator, Facilitator
Sept. 20, 2023, 11:09 a.m.

Hi ApeCoin DAO Community, We have sent a list of follow up questions to the author. Follow this Top… Hi ApeCoin DAO Community, We have sent a list of follow up questions to the author. Follow this Topic as further updates will be posted here in the comments. Kind Regards, -@Facilitators

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Chris.Admin - This user is a moderator, Facilitator
Sept. 27, 2023, 1:16 a.m.

Hi ApeCoin DAO Community, @LL 99 Starz has responded to our questions and has provided consent to s… Hi ApeCoin DAO Community, @LL 99 Starz has responded to our questions and has provided consent to share them in this forum for the community. 1 . Will another proposal be required to introduce the process for the DAO community to interact with the wallet and the funding to acquire assets for the newly created Gamefied wallet? Please provide more details on how the asset purchases will work. By assets we mean NFTs and tokens. Let’s think a web 3 game. In most cases, to play, you need specific NFT, eventually specific tokens and you win prizes in tokens and/or NFTs. The vault wallet is generically the guild wallet. The owner is the guild (or a large investor willing to put its NFTs at work with a structure of players) We consider the DAO as a guild. For regular guild is maybe more obvious, for the ApeDAO we would need to customize some features to enable a DAO governance style system. Let me give you one example: This AIP is linked and follows the AIP 297 of Yat. He wants to create a subDAO with assets. If you decide to buy let’s say 1 k gaming assets, you’ll need 1 k players to monetize. The subDAO is the “owner” of the assets. How is the ownership managed, where the funds come from,… etc… it’s not really relevant at this stage. There is one main wallet that has control over the assets. The subDAO will decide who can use what (as long as the destination game is integrated). The decisional procedure is still internal but in the future we can consider to expand this specific DAO features. Hope it helped clarify this point. As far as we know, there’s now such a sofisticate web 3 gaming organization platform or SaaS out there, and the DAO feature is the first of a kind, so it’s very interesting to have the opportunity to develop such a much needed solution. 2 . Who will own the assets, wallets, and smart contracts resulting from the Gamefied platform? I mention one, we are law compliant. Like in your case, the DAO approves the AIP, but the funding is made by the Ape Foundation on behalf of the DAO, upon KYC. The same way, for us to legally enable a “user”, that is a DAO, foundation, individual or corporation… the entity must be able to read and accept the T&C and do a KYC. It’s an annoying but essential 5 minutes of bureaucratcy. So I guess a vault “owned” by the DAO would finally be managed by the foundation. The foundation has the private keys of the wallet and has the POA to sign agreements, do KYC, etc. As things are now, the DAO is still a concept in evolution. We surf the wave together. We update and grow together. 3 . Regarding Question 1 , could you please provide additional details concerning the internal decisional procedure and how it will be made? We think that the development and integration process could be made in 2 steps. The current proposal includes several features, which in our opinion add value to the ApeDAO and introduce new options to let the community interact and decide, in this specific case on asset management. Once we’re fully integrated with the current AIP proposed deployment, you have assets (for example from the Yat’s AIP 297 ) that are used, we have some feedback and experience from the community and the subDAO and vault managers, then we might discuss about a new proposal for further functionalities to be developed, modified or added. But it would be fair to wait if such further needs arise in the future and what exactly the Ape community wants. To help clarify your understanding of the functionalities that we’ll develop, please consider the following list and please ADD IT to the draft (so that also the proposal looks more fluid and clear): Technical Implementation Flow 1 . Initialization and Smart Contract Deployment: Deployment of the DAO smart contracts on the chosen chain. Configure initial parameters, such as quorum requirements, timelock, and voting durations. 2 . Vault Storage: Implementation of a secure vault within the DAO contract to store assets or tokens. Implementation of DAO factory to create sub-DAOs. 3 . Holder Interfaces and Member Registration: Integration of holder interfaces to allow NFTs to be accessible for vault storage. Implementation of weightage according to the holdings of APECOIN and NFT holding, we will be reviewing to take the weight further by evaluating NFT tokens rarity. 4 . DAO Functionality: Development of standard DAO functionality, including proposal creation, voting, reward split, NFT rental, pull, add new collections directory and execution. Implementation of proposal submission, voting, and execution mechanisms forever DAO call with the interaction of external Defi interfaces and NFT collections. 5 . Configuration Change Procedures: Allowance of DAO administrators or members to propose and vote on configuration changes. Updation of DAO settings after a successful vote using encoded ABI and direct interface interaction. 6 . APECOIN Voting Weight Calculation: Calculation of voting weight for each member based on their APECOIN holdings. Integration of the calculation into the DAO contract to adjust voting power accordingly. 7 . NFT Holding Tracking: Implement procedures to track NFT holdings of DAO members. Utilize NFT contract ABIs to query members’ NFT balances. Optionally, create a function that evaluates NFT token rarity and assigns additional voting weight. 8 . JSON RPC and Chain Node Integration: Enable JSON RPC calls to interact with the DAO contract. Connect to blockchain nodes to execute transactions and query data. 9 . DAO ABIs and Helper Libraries: Utilization of DAO ABIs (Application Binary Interfaces) to encode and decode data for interaction with JSON RPC and WebSockets with the DAO smart contract. Implementation of helper libraries or scripts to simplify common tasks like parsing JSON RPC responses or calculating the exponential voting weight. Procedure Flow 1 . Proposal Submission: DAO members submit proposals using the provided interfaces. Proposals can include actions such as transferring tokens, updating configurations or interacting with NFT contracts and DAO Vault. 2 . Voting Process: Members vote on proposals based on their voting weight (APECOIN holdings and potentially NFT rarity). The DAO contract enforces quorum requirements and voting periods before allowing execution. 3 . Proposal Execution: If a proposal passes the vote, the DAO contract executes the proposed action. For instance, if it’s an NFT transfer proposal, it transfers the NFT from the vault to the specified recipient. 4 . Interaction with the DAO: Members and administrators interact with the DAO contract using JSON RPC calls. These interactions include creating proposals, casting votes, Curating NFTs, Allowing rentals of NFTS and Rewards splits, and querying DAO information. 2 . Do you consent to share both these and the previous questions and answers with the community in this forum? Yes. Edits have been made to this Topic, by the author or by the author’s request. You can click the Pencil icon at the top of the post to see these edits. Follow this Topic as further updates will be posted here in the comments. Kind Regards, -@Facilitators

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Chris.Admin - This user is a moderator, Facilitator
Sept. 29, 2023, 8:42 p.m.

Hi ApeCoin DAO Community, We have no further questions for @LL 99 Starz. This AIP is now under Admi… Hi ApeCoin DAO Community, We have no further questions for @LL 99 Starz. This AIP is now under Administrative Review. Follow this Topic as further updates will be posted here in the comments. Kind Regards, -@Facilitators

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Chris.Admin - This user is a moderator, Facilitator
Nov. 15, 2023, 9:20 a.m.

Hi ApeCoin DAO Community, Edits have been made to this Topic, by the author or by the author’s requ… Hi ApeCoin DAO Community, Edits have been made to this Topic, by the author or by the author’s request. You can click the Pencil icon at the top of the post to see these edits. Follow this Topic as further updates will be posted here in the comments. Kind Regards, -@Facilitators

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makeagod.eth - No Role
Nov. 15, 2023, 2:32 p.m.

Exciting stuff! This A proposal is like a crypto adventure waiting to unfold. The team, led by an e… Exciting stuff! This A proposal is like a crypto adventure waiting to unfold. The team, led by an experienced captain, seems ready to navigate the seas of NFTs and GameFi with confidence. I love how they’re diving into active user engagement and creating a dynamic playground for assets. The plan to spice things up with DAO governance, NFTs, and GameFi elements is like adding hot sauce to crypto tacos – it’s bold and it works! Kudos for the playful dance with key terms, the all-star team lineup, and the roadmap that feels more like a treasure map. This initiative has the potential to turn the ApeCoin ecosystem into a party everyone wants an invite to. :tada:

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Likers: LL99Starz, ssp1111

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