AIP-530: TEA WITH APES, brought to you by Bored British Tea and powered by $APECOIN

madebyapesvote.eth delegation

Live AIPs that went up for vote this week in the ApeCoin DAO have been duplicated on the Made By Apes Snapshot. Each proposal requires a 10% quorum of valid wallets in order for it to pass. If quorum is reached on a proposal, then all $APE delegated to madebyapesvote.eth will be cast in favor of the majority vote. Votes are limited to once per wallet per proposal. For more info: https://x.com/BoredApeYC/status/1841584023245635961

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PROPOSAL DESCRIPTION

Our proposal seeks funding to kick-start the Apechain-powered British luxury tea and coffee IP brand.

Bored British Tea aims to captivate new Web3 enthusiasts by creating awareness through the simple pleasure of a cup of tea and coffee.

Our strategy involves building brand presence by visiting UK universities, libraries, and Web3 summits to offer complimentary cups of tea and coffee while engaging in conversations about Web3 and our Apecoin-powered products.

BENEFIT TO APECOIN ECOSYSTEM

We’re excited to offer our wonderful products at a discounted rate when you use $Apecoin for your purchase.

Our goal is to contribute to the Apecoin ecosystem by selling our products on $ Apecoin-enabled platforms like Shopify and providing discounts and value-added benefits to Apecoin holders.

Additionally, we’ll be accepting Apecoin as a form of cryptocurrency payment on our website. We’re looking forward to enhancing Apecoin DAO IP assets with these initiatives.

Tea or Coffee, a hug in a mug. We believe that sharing a drink is more than just an act - it’s an experience. That’s why we plan to take our products to various locations, conducting and participating in workshops at universities, libraries, and Web3 summits in the UK and Europe. Our goal is to educate tea and coffee enthusiasts about $APE while making it our primary crypto payment option.

We aim to sponsor events and promote BoredBritishTea products and the Apecoin brand within relevant crypto/NFT communities, creating awareness through effective marketing strategies.

Additionally, ApeCoin Holders would benefit from a minimum of 10% percent discount on product purchases when paying with ApeCoin.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = $25,025

A lump sum payment has been requested.

To initiate this project with full force, we are seeking funding for the production costs of 30,000 tea bags in 5 varieties: white tea, green tea, black tea, Oolong tea, pu-erh tea, and traditional ground coffee.

The breakdown cost would be:

Production Cost:

Tea

$10,000 for 5 varieties of teabags at production costs of $0.33 a teabag for (30,000 teabags).

Luxury Boxes: 40 tea bags total, 8 packs of each tea variety - $20/box.

Individual Packs - 8 teabags total, 5 varieties to choose from - $5/pack.

Coffee

$12,000 for 3000 packs of 250g Ground traditional coffee at production costs of $4 a pack.

Each traditional package pack will be retailed for $10 a pack.

Luxury premium packaging production cost:

750 - Luxury paper rectangular tea boxes @ $0.30 each ($225 total cost).

3000 - Luxury paper cylinder ground coffee boxes @0.30 each ($900 total cost).

Sales and promotion materials for workshops and events (booth signage, banners, stickers, and T-shirts) costs: $500.

Logistics and shipping cost: $400.

Custom duties, storage, and miscellaneous costs: $1000.

Total production costs breakdown: $25,025.

The anticipated amount to be realised from coffee sales is $30,000.

The anticipated amount to be realised from tea sales is $15,000 - $18,750.

Total amount to be realised from sales: $45,000 - $48,750.

Anticipated profit $15,000 (-$25,000 production cost, -$8,750 Apecoin holder discounts and promotional giveaways).

Total amount requested from the ApeCoin Ecosystem Fund = $25,025.

PROPOSAL

Link to the full proposal: Tea with Apes: Brought to You by Bored British Tea and Powered by ApeCoin

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.