Q&A: This Ape Improvement Proposal Wants Pets To Earn $Ape As They Play!
There is an Ape Improvement Proposal on the ballot this week that has cats and dogs going $Ape for the idea that they can get paid to play!
AIP-352 titled ‘ ApeCoin Pets and toys,’ is brand decision proposal written by ApeCoin DAO Contributor Xavierfreeway.
“A pioneering venture, “ApeCoin Pets” marries the realms of cryptocurrency and pet entertainment, Xavierfreeway wrote. “ Our advanced toys not only engage pets physically and mentally but also reward them with ApeCoins based on their interaction. We are appealing to the APE Community to champion and publicize ApeCoin Pets on a global scale.”
In AIP-352, Xavierfreeway laid out a revenue-sharing plan, where the DAO would receive 99% of ApeCoin Pets revenue, with 25% of those funds being used for token buybacks.
“Given our connections with major retailers and the uniqueness of our offering, we conservatively estimate annual revenues of $480k in the first year in retailers,” Xavierfreeway wrote. “This means an estimated $475k (specific percentage is 99%) will flow back to the DAO, ensuring both a return on investment and sustained community support.”
In total, Xavierfreeway is asking the DAO to allocate $250,000 USD worth of $Ape to AIP-352. If passed, Xavierfreeway expects to have ApeCoin Pets toys on the market in 12 next 12 months.
To find out more about AepeCoin Pets, the Bored Ape Gazette reached out to Xavierfreeway for an interview. Check it out below:
1. In a sentence or two can you sum up your proposal?
“Our AIP, ApeCoin Pets, aims to merge cryptocurrency with pet entertainment by creating advanced pet toys embedded with IoT sensors. These toys track pet interactions and reward them with ApeCoins, adding an innovative dimension to pet play and the ApeCoin ecosystem.”
2. What made you want to make Pet toys that reward animals with $Ape?
“The idea was inspired by a desire to integrate the growing world of cryptocurrencies into everyday life in a fun and meaningful way. Rewarding pets with ApeCoins for their playtime introduces pet owners to the ApeCoin ecosystem and provides a unique, engaging experience for both pets and owners.”
3. Do you have any photos or ideas for the toys that you can share with the paper?
“We are currently in the conceptual and design phase. The toys will be interactive, safe, and engaging, designed to cater to different types of pets. While we don’t have photos to share at this moment, the designs will incorporate elements that encourage physical activity and mental stimulation, integrated with technology to track interaction and reward pets.”
4. Why are you and your team the right people to make ApeCoin pets a reality?
“Our team’s diverse expertise in cryptocurrency, pet product design, and marketing positions us uniquely for this project. My personal background in development and deep passion for cryptocurrencies, combined with our team’s experience in pet product design and connections in the pet toy industry, make us well-equipped to bring ApeCoin Pets to life.”
5. What should the community know about your AIP before they vote?
“The community should know that our AIP is focused not only on introducing an innovative product but also on enhancing the ApeCoin ecosystem. The revenue-sharing model with the ApeCoin DAO and the involvement of the community in key decisions underline our commitment to mutual growth and alignment with the community’s interests.”
6. Do you have anything else you’d like to add or say?
“We’re excited about the potential of ApeCoin Pets to bridge the gap between the crypto world and everyday life. Our commitment to quality, innovation, and community involvement is at the core of this project. We believe ApeCoin Pets will not only delight pets and their owners but also introduce a novel, engaging way to interact with the ApeCoin ecosystem.”
The window to vote on AIP-352 is currently open and $Apes have until this Thursday, February 1st, to cast their coins.