ON THE BALLOT: This AIP Aims To Make An ApeCoin Launchpad For $Ape Centric Projects

The ApeCoin DAO is voting on an Ape Improvement Proposal this week that aims to help builders in the Yuga Labs ecosystem liftoff with a new Ape launchpad!

AIP-209 titled “Ape Accelerator Powered By ApeCoin,” is an ecosystem allocation proposal written by Web3 tech company and Animoca Brands subsidiary, Forj.

“The Ape Accelerator (Ape Launchpad) is designed to help strengthen the ApeCoin and BAYC ecosystem by incubating and facilitating projects that contribute to, and utilize, ApeCoin and BAYC IP ecosystem growth,” the company wrote. “Projects looking to launch through the Ape Accelerator will require $APE token to submit a proposal, and holders of $APE and BAYC Ecosystem NFTs will be able to access the launchpad to invest in these projects.”

The Forj company went on to say that they have been speaking to builders in the Yuga Labs ecosystem and many of them are experiencing issues that they think can be solved with an $Ape powered launchpad.

“We see projects encounter the challenges of 1) Lack of Web2 audience, 2) Lack of ongoing utility for their projects, 3) Low frequency of interaction, they wrote. “With the Ape Accelerator, we want to accelerate the BAYC IP ecosystem growth by building the launchpad for NFT sales and distribution, providing incubation and advisory projects on Strategic Partnerships, Storytelling, Tokenomics design, Capital Support and Distribution. We would like to form the strategic incubation vertical to maximize cohort synergy for Yuga’s ecosystem growth.”

Forj believes that this launchpad will not only be a boon for builders, but also it will give ApeCoin DAO Contributors the chance to get in early on promising Ape themed projects.

“The Ape Launchpad aims to maximize the Ape community’s benefit, facilitate the use of ApeCoin and together as a community contribute, fund, and empower the future of decentralization.”

In total, Forj is asking the ApeCoin DAO to allocate $480,000 USD or 126,616 $Ape to fund the creation and first six months of operational cost for its Ape Accelerator.

Take a look at the cost breakdown below:

The window to vote on AIP-209 opens tonight at 9 P.M. EST and $Ape holders will have until next Wednesday, May 17th, to cast their coins.

$Ape holders can read Forj’s full AIP here: https://forum.apecoin.com/t/aip-209-ape-accelerator-powered-by-apecoin/10818

The Bored Ape Gazette is working to bring you additional coverage of this AIP. Stay tuned for updates!