AIP-293: APE awards for round 2 runner ups in the elections

ABSTRACT

AIP Idea: The idea is simple. Getting to round two of the elections takes a lot of work from the candidates. Less well off candidates may not put their name forward as they can’t take the time off from their current work or not have earnings for this period. A one time award to the three runner up finalists in each category can make this more equitable. N.B. the AIP is to run for a total of two election cycles.

BENEFIT TO THE APECOIN ECOSYSTEM

It benefits the ApeCoin Ecosystem by encouraging participation in the election process with a range of candidates, as the process is very time consuming. The award level is set that it is enough to be thankful to receive but not so much that it is worth applying for roles just for the reward. It only applies to those who are runners ups in round two as those runner up finalists had to put in significant investment of time and effort as the main competitors. Overall this AIP will make the process more equitable and encourage broader participation.

It is retroactive for those that participated in the July 1st 2023 election. It will also apply to the next election cycle. Therefore in total two cycles. Please note the idea was added before the end of the last election cycle. Also after the two cycles it will require a new AIP to continue this Election Reward Program.

OVERALL COST

Special Council Runner Ups *2,000 x 3 = 6,000 ApeCoin

Stewards Runner Ups *2,000 x 3 = 6,000 ApeCoin

One Election Cycle cost = 12,000 ApeCoin Total Cost = 24,000 ApeCoin

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-293-ape-awards-for-round-2-runner-ups-in-the-elections/15201

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.