AIP-511: ApeMania: The rewarding playground for the Apes and ApeCoin Ecosystem

The below contents are duplicated from the ApeCoin DAO Snapshot:

https://snapshot.box/#/s:apecoin.eth/proposal/0xd4e7990fb36ddc4e5d5fbe3b94057376dfd0328c42507754f668fc0663db6eab

Members will vote with BOTB NFTs on our Bullsontheblock Snapshot. Delegated voting will then be done on the ApeCoin DAO Snapshot with the botbape.eth wallet.

Read, research, discuss - See what you think, fellow BOTBs! Make your voices heard.

----- ApeCoin DAO Snapshot Contents -----

PROPOSAL DESCRIPTION ApeMania is an innovative, on-chain gaming platform designed to bring a new level of excitement and earning potential to the ApeCoin ecosystem. By combining the thrill of lottery-style games with the power of yield-generating ApeCoin staking, ApeMania offers users a unique opportunity to engage in entertaining, provably fair gameplay with low entry and have a chance to win lucrative rewards daily and weekly. The platform leverages VRF for transparency and fairness, and staking pools with auto-compounding, ensuring that users achieve the highest possible yields. ApeMania is designed to enhance the utility of APE tokens, create value for BAYC/MAYC NFT holders, and contribute to the growth of the ApeChain ecosystem.

Ape4D: Gameplay: A no-loss 4D lottery that allows participants to engage with small entries and win big rewards.

Entry Requirement: Players can participate by depositing a fixed amount of APE per number.

Prizes: Daily draws feature 23 prizes, with a variety of winning opportunities.

Jackpots:

• Daily Jackpot: Starts with an initial pot of 500 APE, accumulating 5% from yield daily.
• Weekly Jackpot: Starts with an initial pot of 1000 APE, accumulating 10% from yield daily. Multiple Pools: Creating new pools upon 90% entry with incremental bonuses.

Pool-based staking:

• Designed for BAYC and MAYC NFT holders.
• Payout Structure: NFT owners take a majority split from earnings.
• Auto-Compounding: Automatically reinvests earnings to maximize yield over time.

Dice Streak: Gameplay: Roll with three dice and user place bets on possible outcomes

Betting Options: Large sum (11-18), small sum (3-10), streak (3 identical numbers)

The Rolling Apes: Gameplay: A wheel spin game where the chance of winning is proportional to the player’s stake in the overall pot.

Bingo: Gameplay: Each player receives a unique 5x5 board with a randomly placed free space.

How it works: First to achieve five numbers in a row declared the winner.

Points and Referrals Playing games on ApeMania can earn points regardless of winning or losing. Furthermore, users can turn friends into income by sharing reflink, earning 16% of their Points, plus 8% of their referrals’ Points.

Revenue Model

1. Yield Generation:

• The platform retains a portion of the yield generated from staked APE.

2. Game Fees:

• 1% fee charged on winnings in most games.

3. NFT Investment:

• A portion of the platform’s profits is reinvested into BAYC/MAYC NFTs. This strategy not only enhances yield potential but also contributes to the stability and growth of these collections’ floor prices.

4. Ecosystem Expansion:

• ApeMania plans to extend its platform to accommodate other yield-generating cryptocurrencies, broadening its appeal and user base.

5. Project Collaboration

• The platform offers customized staking games in collaboration with other projects, fostering innovation and mutual growth.

6. Advertising

• The platform will also generate revenue through targeted advertising, leveraging its user base and brand recognition.

ApeMania represents a unique blend of entertainment and financial opportunity, creating a synergistic environment where APE holders, NFT owners, and the broader ApeChain community can thrive. Through its diverse game offerings and robust revenue model, ApeMania is poised to become a cornerstone of the Web3 gaming and staking landscape.

BENEFIT TO APECOIN ECOSYSTEM ApeMania will benefit the ApeCoin ecosystem in several ways:

1. Increased Utility for ApeCoin:

• ApeMania introduces new ways for APE holders to utilize their tokens beyond traditional trading or holding. By participating in games, lotteries, and staking pools, users engage more actively with the token, driving demand and circulation.

2. Strengthened Community Engagement:

• Engaging Gameplay: By offering a suite of fun, interactive games, ApeMania fosters a more vibrant and engaged ApeCoin community. The platform’s unique games, such as Ape4D, Dice Streak, and Bingo, offer daily and weekly participation opportunities, keeping users consistently active within the ecosystem.
• Loyalty and Retention: The potential for winning substantial prizes and earning yields can encourage long-term retention of APE within the ecosystem, as users are incentivized to hold and stake their tokens.

3. Ecosystem Growth:

• Ecosystem Expansion: ApeMania’s future plans to support other yield-generating cryptocurrencies and collaborate on custom staking games can attract new users and projects to the ApeChain ecosystem, broadening its reach and influence.
• Giving back: Contribute 10% of the platform’s gross revenue to ApeCoin DAO to further support the development of the ecosystem.

4. Synergistic Growth with ApeChain:

• Network Effect: As ApeMania contributes to the utility and appeal of ApeCoin, it also strengthens the broader ApeChain ecosystem. The platform’s success can inspire the development of additional projects and dApps on ApeChain, fostering a thriving, interconnected network.

OVERALL COST Total amount requested from the ApeCoin Ecosystem Fund = $250,000

Two tranches of funding have been requested: $100,000 upon approval, $100,000 after 3 months, and $50,000 after 6 months.

Budget Summary:

• Infrastructure and Development: $80,000

  • Infrastructure - $10,000
  • UI/UX design - $10,000
  • Smart contracts, dApp development - $60,000

• Marketing and Community: $60,000

  • Marketing campaigns - $15,000
  • Community giveaway: $15,000
  • Events and Meetup - $15,000
  • Influencer partnerships - $10,000
  • PR and media - $5,000

• Security and Audits: $50,000

• Launch and Rollout: $60,000

  • Official launch/Welcome bonus - $10,000
  • Promotional events - $15,000
  • Initial operational costs - $35,000

This funding will cover the first year of development and operations, after which the platform is expected to be self-sustaining through game fees and yield generation.

PROPOSAL Link to the full proposal: (https://forum.apecoin.com/t/aip-511-apemania-the-rewarding-playground-for-the-apes-and-apecoin-ecosystem/25429)

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.