ON THE BALLOT: Bored Trading Co Wants To Help $Ape Builders Scale Their Bored Businesses!

Making amazing products that people want is only half the battle that builders face in today’s market. The other half is getting those products in front of decision-makers and shipping them around the world.

With that in mind, Bored Ape Yacht Club member NFT Hoarder has put forward an Ape Improvement Proposal this cycle that aims to tackle these challenges and empower creators to keep building with their Apes!

AIP-468, titled “Bored Trading Co Powered By ApeCoin,” is an ecosystem allocation fund proposal written by NFT Hoarder.

 

“Bored Trading Co is dedicated to addressing key challenges in scaling IP products to the masses by creating a consumer flywheel,” NFT Hoarder wrote.  “We believe in a collective approach to help the entire ecosystem overcome challenges. Our mission is to deliver value back to the ApeCoin and ApeChain ecosystems, fostering innovation and growth within the community. We aim to create IP products with ApeCoin holders, expanding the IP ecosystem. With Web3 IP products still in their infancy, many brands need support to scale, particularly in garnering visibility and driving smaller brands. Leveraging our logistics expertise, including @NFThoarder888’s experience as the Head of America’s Logistics at Bloomberg where he was responsible for thousands of events and conferences. E-commerce presents a clear opportunity for ApeCoin to drive utility to the masses given current spending and growth projections. Bored Trading Co aims to harness the collective IP ecosystem to drive awareness, interest, and consideration from D2C consumers and B2B buyers.”

 

To bring Made By Apes and Built by ApeCoin products to decision-makers and increase their reach inside and outside the Web3 world, NFT Hoarder’s Bored Trading Co will attend tradeshows, curate Ape boxes, engage influencers, and help connect MBA brands because Apes together strong!

To achieve these goals, NFT Hoarder is requesting that the ApeCoin DAO allocate $853,700 USD worth of $APE to Bored Trading Co.

“The funds would cover Bored Trading Co needs for the next twelve months,” he wrote. “The goal is to secure significant lead conversions (targeting six and seven figure purchase orders) to allow a self-sustaining project with 51% of the revenue allocated to funding additional events, product, and team past the 12 months. The Bored Trading Co will strive to be sustainable while returning 36% (18% rewards to community and 18% gross revenue to the DAO) over the next 15 months from funding to account for lagging revenue until reevaluating the sustainability. Founders and Advisors incentives are based largely on successful leads and revenue. Any unused funds after 12 months will be returned to the DAO.

 

The window to vote on AIP-468 is currently open, and ApeCoin DAO contributors have until Wednesday, August 28th, to cast their coins and vote on this proposal.

$Apes can read NFT Hoarder’s full proposal here: https://forum.apecoin.com/t/aip-468-bored-trading-co-powered-by-apecoin/24512  

 

The Bored Ape Gazette will continue to follow Bored Trading Co and will let you know how the DAO votes on this proposal next week. Stay tuned for updates!