AIP-124: Thank APE: Decentralized, Automated Rewards for Valuable ApeCoin Contributions

ABSTRACT

We propose to thank (reward and recognize) decentralized contributions to ApeCoin with $APE, charitable donations, and an on-chain thank you note. We will do it in a way that is scalable, automated, bot-protected… and rewards truly valuable contributions.

Thank APE is critical DAO infrastructure that can enormously increase opportunity, utility, and value for APE holders. We can encourage and thank the following categories of utility-creating contributions across platforms:

• Governance participation
• Onboarding & education
• Intra-DAO collaboration
• Defi & web3 partnerships
• Community building
• Completing Core Tasks
• Art and culture innovations
• Infrastructure innovations

How it works

1. ApeCoin members are auto-rewarded with $APE + on-chain thank you notes for valuable, decentralized contributions to the DAO.
2. Members can keep rewards or donate them to approved charities that accept $APE.
3. Sophisticated tech automates and scales thanking and filters out bots and bad actors to ensure real, valuable contributions are rewarded.

Team

• Our Thank APE advisory board are seven OG BAYC and ApeCoin members. We are long-time community contributors with diverse backgrounds and skill sets. We are committed to ensuring Thank APE creates extraordinary value for our DAO.
• Our Thank APE tech is supported by ThriveCoin. We are web3 natives and VC funded. Our leadership team has scaled tech to support millions of users. We are also long-time BAYC and ApeCoin community members.

Funding (one time)

1. $0 to start. 100% performance-based. Thank APE is rewarded only when we create value for ApeCoin.
2. 0 $APE to 33.3k $APE / month (up to 200k total) allocated ONLY to ApeCoin members who make contributions that create value for our ApeCoin community.
3. 0 $APE to 7k $APE / month (up to 42k total) for all tech, dev setup, servers, maintenance, white-labeling, integrations, support, and customization [offsets some infrastructure costs].
4. $0 after six months: We’re building sustainable funding for Thank APE through exciting collaborations with core ApeCoin infrastructure you’ve voted for!

Milestones

• January: Community feedback and Snapshot vote!
• February: Launch within 1 month of positive vote
• March: Reward 30+ ways to contribute at launch
• July: Reward 100+ ways to contribute by month 6
• August: Fully sustainable funding model after six months
• Monthly: Improve core DAO engagement metrics by >10% each month!

Why we made this proposal

We love this community. Our expertise is in driving utility and value for communities by automating and scaling decentralized rewards. We believe now is the time for ApeCoin to harness core infrastructure that can profoundly increase excitement, demand, and value in our DAO!

OVERALL COST

Thank APE is a one-time cost that is entirely performance based. It uses, at most, less than .04% of the treasury. In return, it gives ApeCoin lasting, critical infrastructure to help scale decentralization, automation, and utility-creation long into the future!

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-124-thank-ape-decentralized-automated-rewards-for-valuable-apecoin-contributions/8564

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.