ApeCoin DAO Proposes Multi-Year Partnership with Formula One Team
The ApeCoin DAO, represented by the APE Foundation, has put forth a groundbreaking proposal for a multi-year partnership with a Formula One (F1) racing team, referred to as “Redacted”.
While the specific team’s name is confidential until after the voting period, the APE Foundation is enthusiastic about the potential collaboration.
The proposed partnership falls under the category of Brand Decision, aiming to elevate ApeCoin DAO’s global visibility and engagement within the F1 community.
The strategic alliance promises unparalleled brand exposure on the international stage, reaching millions of viewers during each race and extending to various marketing channels.
The objectives of the partnership include enhancing global awareness for ApeCoin DAO, expanding its community through engagement at Redacted events, and showcasing ApeCoin’s utilities through Redacted’s Web3 initiatives.
Tactical considerations involve integrating ApeCoin into the team’s motorsport network, amplifying brand presence, and offering unique experiences to ApeCoin DAO members.
🌟 Exciting Announcement Alert 🌟
— ApeCoin (@apecoin) February 27, 2024
🏎️ We're thrilled to unveil a potential game-changing APE Improvement Proposal and multi-year partnership between ApeCoin DAO and [Redacted], a Formula One racing team!
Here's a sneak peek at this first-of-its kind AIP for our DAO:
🔷As… pic.twitter.com/x4UUukI9kj
The partnership’s key benefits encompass exclusive access to Redacted’s ecosystem, integration into Web3 developments, bespoke racetrack events, and a range of limited edition merchandise and digital collectibles purchasable in ApeCoin.
The proposed financial commitment for the two-year partnership stands at €2.5 million per annum, with specific payment schedules outlined for each year.
ApeCoin DAO retains the option to renew the partnership for a third year with a 5% escalator.
The partnership is poised to create a synergy between the ApeCoin community and the thrilling world of Formula One, promising an exciting journey ahead for both entities.
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