ApeCoin DAO Contributor GrimyFrankie runs a card trading business, leads the unofficial 10KTF Gucci Grail community, and is running for Special Council to help transform $Ape into a hilarious place filled with memes, sustainable staking rewards, and an established Apechain that’s perfect for gaming!
The winter election season of 2023 is underway at the ApeCoin DAO, with 27 contributors officially running to replace BoredApeG, Gerry, and VeraTheApe on the DAO's Special Council in 2024.
Among the candidates vying for a position on the ApeCoin DAO's Special Council is GrimyFrankie.
“My motivation for becoming an ApeCoin DAO Special Council member stems from a deep-rooted belief in the transformative power of decentralized digital currencies and a genuine desire to contribute to the growth and sustainability of the ApeCoin ecosystem,” GrimyFrankie wrote on his candidate page. “Having closely followed the evolution of ApeCoin, I am passionate about applying my knowledge and experience to review and enhance AIPs, ensuring they align with the strategic goals of the ApeCoin DAO and serve the best interests of the community. I am driven by the opportunity to collaborate with diverse stakeholders, from community members to legal experts, to develop robust strategies that address regulatory challenges and uphold the principles of transparency and efficiency. My aim is to engage actively in governance, bringing forward innovative ideas and a commitment to adaptability, which are crucial for the dynamic landscape of digital currencies. Being part of the Special Council is not just a position of responsibility for me; it’s a chance to be at the forefront of a cutting-edge financial revolution, advocating for the adoption of ApeCoin across various sectors and demographics. I am excited about the prospect of working alongside other dedicated individuals to steward the treasury, oversee operations, and ensure the long-term viability of the ApeCoin DAO, ultimately contributing to its mission and the broader web3 community.”
To find out more about GrimyFrankie’s Special Council candidacy, his plan to try and bring back the 10KTF Thursday show, and where he’d like to see $Ape a year from now, the Bored Ape Gazette reached out to him for an interview. Check it out below:
1. In a sentence or two what is your candidacy all about?
“My candidacy is all about reshaping ApeCoin’s narrative, incentivizing new buyers and confident holders, and proposing creative solutions based on exploratory but practical economic and marketing strategies to the DAO. My candidacy is about asking stupid questions and bringing an outside perspective with unrestricted ideas and solutions to the table.”
2. When and why did you decide to ape into the Special Council race?
“I aped into the special council race the final night before the deadline because I saw a tweet from @Waabam_eth . I nominated myself, KYC’d, and used Chatgpt to help me complete most of the questions for the application in time (didn’t know it would be public so my application is not that good and doesn’t have many specifics in it). Hoping to give people a real picture of my Apecoin DAO ideas, ambitions, and me on Twitter, the Apecoin forums, and Discord by communicating as much as I can directly with $APE hodlers.”
3. What makes you the right $Ape for Special Council? How has your past prepared you for this role?
“I think I represent a majority of longtime $APE holders in that I am downbad, I’m not a habitual DAO participant, I didn’t receive an airdrop, and I’m not a web3 gamer. I would ask the existing council - if you do indeed believe that most $APE purchasers fit in this category, what incentive do they have to buy? What incentive do new users have to purchase $APE? To be frank I have never worked in a DAO or a monkey council before and I think that past experience for a position like this is questionable at best. I intend to make up for my lack of DAO experience by communicating very common and forgotten outsider perspectives through unorthodox ideas, proposals, and other channels. I don’t even know who I’d be pissing off, so you don’t have to worry about my being influenced by a fear of failure - just judge me by my ideas. With that said, I have pretty typical job experience, mostly in media/video production, marketing, management, and business. Like many apes I am a relatively successful entrepreneur. My educational background is a BS in International Affairs with Economics and I’m finishing up an MS in Global Business and Blockchain.”
4. What would you like to accomplish during your term?
“In an ideal world I would like to accomplish these goals: - Bring back 10ktf Thursday Shows through negotiating Apecoin funding with Yuga and the DAO. The new shows should all have “Apecoin Original” or “Presented by Apecoin” or something on all the slides or animations. This drives new attention to both Apecoin and 10ktf, and creates buying pressure because 10ktf participation occurs natively in $APE (ex. crafting or recycling) Launch a shitcoin token (working name: Apecoin 69: Turbo or $APE2) to compliment L2 or Apechain created to fulfill Apecoin’s web3 gaming promises with cheap and fast transactions. Leverage the shitcoin to create new incentives and rewards programs for existing $APEholders and to give the treasury more flexibility. Start allocating rewards to people months before token launches. Create a bond-like reward structure for Apecoin where locking up the $APE for extended periods of times leads to greater proportions of $APE (and/or $APE2) rewards, easing selling pressure. Incentivize the purchase of NFTs using $Apecoin, potentially on an ape coin powered marketplace or through a partnership with an existing exchange, creating buying pressure. One way this can be done is through rewarding people who purchase in $APE with low fees and some $APE2. Strategic marketing campaigns that reinforce public association of Apecoin with the overall NFT market as a culture coin rather than one for the less accessible niche of web3 gaming - Leverage existing partnership with Coinbase and other exchanges to facilitate creation of a new 15% APR $ape-only staking pools that is still the most competitive on exchanges are available to the public, creating buying pressure. This will not affect the treasury, as these pools will be funded from part of the rewards allocated to the $APE-only pool. The highest APR coins on Coinbase are Polkadot and Cosmos at 10-11% APR (which outperformed $APE during bear), and I believe plenty of people not native to web3 would buy whatever the highest yielding coin is on major exchanges. The original $APE-only pool should be the only pool to have staking adjusted (to allow the creation of the new, lower APR pool), and the pool should be compensated with an alternative reward, potentially $APE2 or NFTs - Utilize the untapped “monke meme” potential of already widely accessible Apecoin through dedicated marketing campaigns, creating buying pressure (see: dogecoin or sh!tcoins). - Aggressively reduce frivolous spending on AIPs and Operating Expenses, reducing treasury spending - Explore creative rewards for Apecoin holders - Get the majority of Apecoin DAO team members paid in a set amount of $APE rather than USD, aligning incentives for the Apecoin team and showing confidence to the public - Public daily posts from special council members (at least myself) on X explaining what they did to benefit the DAO that day, written simple enough for a fifth grader to understand."
5. Where would you like to see the DAO a year from now?
“In a year from now I would like to see the DAO in a place where Apecoin is a hilarious, thriving meme coin with sustainable high staking rewards, a l2 or apechain facilitated gaming utility, a reputation as the “NFT” coin, and one of the world’s largest cryptocurrency communities where no one complains about the price. I would like to see massively improved transparency and I would like it all written in plain words so the public can actually shape the future of Apecoin, otherwise DAOs cannot be effective.”
6. What are your thoughts and views on an ApeChain?
“I think that if Apecoin being the “native web3 gaming token” is serious and not just a speculative reason to create buying pressure, then Apecoin almost certainly needs an Apechain or L2 to facilitate these transactions in a fast and cost effective way.”
7. What’s your favorite book, movie, and show?
“My favorite book is The Little Prince, my favorite movie is “The Idiots” by Lars von Trier, my favorite show is “Trailer Park Boys.””
8. Do you have anything else you’d like to add or say?
“I just want to add that I am very open minded and open to feedback, I have conviction but change my mind based on new data and evidence, and if I do not win this election I am happy with anyone utilizing any of my suggestions to benefit $APE-kind. Good luck to all and looking forward to meeting new people and this learning experience.”
ApeCoin DAO Contributors who would like to find out more about GrimyFrankie’s campaign can reach out to him via Twitter @grimyfrankie
The window to vote in the first round of the ApeCoin DAO’s Special Council election is currently open and $Ape holders will have until December 13th to cast their coins in support their preferred nominees.
After the first round of voting, the top five nominees with the most votes will proceed to the second round of voting and officially become ApeCoin DAO Special Council candidates. The DAO will then conduct one more election from December 14th through December 20th. During this second vote, the community will officially elect its three new Special Council Members!
Take a look at the full Election season timeline below:
