ON THE BALLOT: This AIP Aims To Thank $Ape Holders For DAO Contributions In An Automated Way
- Kyle
- Jan 19, 2023
- 2 min read
Updated: Jan 19, 2023
There is an Ape Improvement Proposal on the ballot this week that aims to thank $Ape holders for their contributions to the DAO in a decentralized and automated way.
AIP-124 titled, “Thank APE: Decentralized, Automated Rewards for Valuable ApeCoin Contributions, “is an Ecosystem fund allocation written by Bored Ape Yacht Club member and ThriveCoin CEO, ThriveGiraffe.
“The long-term success of ApeCoin depends on decentralization, automation and scale,” ThriveGiraffe wrote. “To do that, we must reward all community members helping get us there now! ApeCoin already rewards contributions - but only centralized functions, passed AIPs, and staking. There are many more ways our decentralized community can create value for ApeCoin - but we don’t yet have the infrastructure to scale and automate decentralized contributions.
Thank APE provides that infrastructure.”
ThriveGiraffe goes on to explain that, if passed, Thank Ape would run on the ThriveCoin’s tech, making it possible for the DAO to “thank (reward and recognize) decentralized contributions to ApeCoin with $APE, charitable donations, and an on-chain thank you note,” according to AIP-124.
To make Thank Ape a reality, ThriveGiraffe is asking the DAO to allocate up to 242,000 $Ape.
Of the 242,000 $Ape, 200,000 $Ape would be used to reward ApeCoin DAO members for their contributions to the DAO and the other 42,000 $Ape would be used to “offset some infrastructure costs," according to the proposal.
Take a look at the proposed funding below:

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