AIP-110: Meebits PropHouse sponsored by ApeCoin

Tools

Oct 17

Written By Vulkan

HIGLIGHTS:
Author: maariab

Abstract

Allocate 13,000 APE to sponsor a Prop House 77 program for the Meebits community, with the goal of the program being:

Expand $APE utility to other NFT communities.
Develop a more efficient way to issue micro-grants to community projects than the current AIP process.

Microgrants of 1,000 APE each will be allocated across 3 rounds. Each round will begin with a 10 day period, where anyone can request funding for an idea that will 1) expand the functionality and awareness of Meebits; and 2) incorporate ApeCoin as a payment method if payments are involved. At the end of the proposal period Meebits NFT holders will select the grant recipients by voting for the proposals they like best.

Steps to Implement:

Funds requested from the DAO will be distributed as following:

3,000 APE to fund Round 1, sent 1-2 days prior to Round 1 voting period ending.
5,000 APE to fund Round 2, sent 1-2 days prior to Round 2 voting period ending.
5,000 APE to fund Round 3, sent 1-2 days prior to Round 3 voting period ending.

Wallet that receives the funding will be a 2/3 multisig. Details for the multi-sig to be provided prior to the official AIP going up for a vote.

Timeline:

As soon as the proposal is approved, we will begin working with cryptoseneca from PropHouse to implement the experience. We expect this to take ~2 weeks.

Once the UI/UX is created, we will begin round 1 of the program. Teams will have 10 days to submit their proposals. After proposals are submitted, voting will be open to Meebit NFT holders for 1 week.

Round 2 and 3 will follow shortly after Round 1.