top of page
PayPal ButtonPayPal Button
PayPal ButtonPayPal Button
PayPal ButtonPayPal Button
PayPal ButtonPayPal Button
  • Writer's pictureKyle

ON THE BALLOT: This AIP Aims To Raise Awareness For $Ape In India

There is an Ape Improvement Proposal on the ballot this week that aims to onboard the Indian Web3 community into the $Ape ecosystem!


AIP-172 titled “DAZE PropHouse powered by Apecoin” is an ecosystem fund allocation proposal written by Evil.


“Apecoin’s ecosystem is still growing and needs to expand in different parts of the world more smoothly,” Evil wrote. “The current method is something that might discourage small artists, builders and do-ers. To onboard new people who provide value towards Apecoin require a small-scale operation that focus on small group of people. India constitutes 17.7% of the global population, with 20 million+ crypto users in the country as of 2022 (5th largest no. of crypto users in the world).”


To expand $Ape’s reach throughout the world, Evil proposes that the ApeCoin DAO allocate 16,500 $Ape to fund four rounds of PropHouse contests for the Indian Web3 community with the aim of “onboarding existing bandwagon towards $APE ecosystem, encouraging people to create art, projects and develop tools, ease onboarding experience for AIP with micro grant towards community building.”


Further, Evil proposed that 10,000 $Ape be used as a prize money for the PropHouse while 6,500 $Ape would be converted to USDT and used towards team management, mentors, and in real life activities, according to their proposal.


“This aligns perfectly with DAO’s goal of decentralized governance as it is transparent and will be expanding its horizon to more communities,” Evil wrote. “This experiment will onboard new people and sub-communities from India via micro grants and encourage them to explore Apecoin with a whole new perspective.”


The window to vote on AIP-172 opens tonight at 9 P.M. EST and $Ape holders will have until Wednesday March 29th to cast their coins.

$Ape holders can read Evil’s full proposal here: https://forum.apecoin.com/t/aip-172-daze-prophouse-powered-by-apecoin/9631


The Bored Ape Gazette is working to bring you continued coverage of AIP-172. Stay tuned for updates!

21 views0 comments
bottom of page