Topic: ApolloRebase (Read 26 times)

Token Information
Contract: 0x35E583bD317D611b51FEdAaaedcaC4a4ECe6C711
‍Network: Binance Smart Chain (BEP-20)
‍Ticker: $APR
‍Decimals: 9
Total Supply: 1,000,000,000,000,000

Abstract:
ApolloRebase ($APR) is a gravity-free rebasing, autonomous, community token with an automatic liquidity pool algorithm, and automated token buyback with burn. The supply is mathematically guaranteed to increase in price until it reaches a ceiling of 1 USD per token. $APR makes use of an elastic supply mechanism to dynamically adjust supply to meet an increasing price peg. Providing the token pre-sale supply sells out the peg begins at $0.0000000003 and increases until it reaches the ceiling. The network collects a per transaction tax of 11% and splits this tax between liquidity provision, busd reward , dev wallet and a marketing provision.

Introduction:
Rebasing a currency itself is considered symbolic as it does not have any impact on a currency’s exchange rate in relation to other currencies. It may, however, have a psychological impact on the population by suggesting that a period of hyperinflation is over, and remove the reminder of how much inflation has impacted them. The reduction in the number of zeros also improves the image of the currency. In contrast, $APR uses rebases not to influence geopolitics but to float up in price.

$APR is unique in its mechanism with no other token on the market operating on the exact same protocol ( rewarding BUSD ). The contract mathematically guarantees a constant minimum price increase over time before reaching a ceiling. This process is entirely will be done manually after the first supply-adjustment is called.

$APR uses an initial target price of $0.0000000003 as the peg, contracting the circulating supply when the current trading price is below the peg price. The rebasing mechanism can be called every hour or can be done strategically to make for a more continuous price rise.

$APR also introduces BUSD rewards and an LP acquisition fee mechanics for every trade, amounting to a total of 11%. 2% is used to rewards holders in BUSD, 2% is added to the $APR/BNB LP, 2% is going to DEV wallets and the last 5% swaped to bnb and sent to marketing wallet to fuel our most ambituous dreams. The intended goal is to minimize price movements when large wallets decide to sell their tokens in the future, which when compared to coins without an AutoLP system, leads to a reduction in significant price fluctuations away from the exponentially increasing price floor. This also acts as an arbitrage resistant mechanism that secures a portion of the volume of $APR as a reward for the holders.

The ApolloRebase Token:
The ApolloRebase Token is a BEP-20 token launched on the Binance Smart Chain. The token will be launched using the Pinksale decentralized launch platform. The ApolloRebase token keeps all tokens safe through the active implementation of Pinksale wallet locking tool for liquidity pool locking as well as gnosis multisig protocol wallets for increased security.

Protocol
An elastic supply (or rebase) token works in a way that the circulating supply expands or contracts due to changes in token price. This increase or decrease in supply works with a mechanism called re-basing. When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token. In some ways, elastic supply tokens can be paralleled with stable coins. They aim to achieve a target price, and these re-base mechanics facilitate that. However, the key difference is that rebasing tokens aim to achieve it with a changing (elastic) supply. $APR differs by having an increasing peg price and no positive rebases.

Transaction Tax
On top of the rebasing mechanics described above, $APR also employs three extra features to reward holders. A transaction tax of 11% is taken from each trade and split across LP acquisition, BUSD rewards, DEV wallet and marketing provision. Note that three quarters of this fee will be sold into BNB to facilitate adding liquidity. The first is LP acquisition, which takes a 2% of the fee from every trade and adds it to the $APR/BNB liquidity pool. The second feature is automatic auto BUSD rewards, which takes 2% from each trade, the third tax is 2% for DEV wallet, and the last one is 5% of the fee and sends it to the $APR community marketing wallet These features have been included firstly to ensure a deep liquidity pool, acting to stabilise $APR price and put in place a solid price floor, secondly to reward $APR holders by reducing the circulating supply and statically increasing their own tokens’ value, and thirdly to help enhance and grow the $APR community via a healthy marketing budget.

Conclusion
ApolloRebase ($APR) is a rebase token that will continuously rise in price, uncorrelated to the crypto market as a whole. Implemented in the token is a 11% transaction tax for LP acquisition, BUSD rewards, DEV wallet and marketing provision. $APR will reach a ceiling price of 1 USD. The question is then posed whether $APR inherent value will inherit its price action. Whether this happens or not depends purely on speculative forces and market psychology. We can assume that there may be some correlation to the pegged price returns, although as with any speculative asset it cannot be known ahead of time.