Blockchain
Helping Pioneer the Newest Trend, ApolloRebase Shoots for the Stars
London, United Kingdom–(Newsfile Corp. – October 29, 2021) – ApolloRebase is ready to reach the moon with its Shill Competition, giving out rewards to the amount of $5000 to those who can help the developers grow the project further. ApolloRebase has been successfully listed on CoinMarketCap and CoinGecko along with getting audited by Solidity. ApolloRebase is the first platform that uses rebasing as a core mechanism to ensure an increase in value of the native token $APR. The holders of the $APR token will enjoy consistent growth in the value of their tokens irrespective of the supply.
ApolloRebase
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Pioneering the Market with Rebasing
The crypto market, like any other market, is full of volatility, specially when it comes to pricing and the impact of supply on the overall project health. ApolloRebase solves this issue by taking out the volatility and setting a fixed price bar while making efforts to sustain it.
ApolloRebase will ensure consistency in price while fluctuating the supply without changing the final value of the token. In the long run, the number of tokens in the user’s wallet might reduce, but their value will not change.
This is done by rebasing. ApolloRebase is a token with elastic supply that follows the principles of rebasing to ensure increase in the price value. The final token supply may shift up or down in accordance with the demand. The platform utilizes negative rebasing to stimulate an increase in the final value of the tokens. The total supply of the tokens is reduced to sustain the value or target price.
Offering Stability With Profits
ApolloRebase follows negative rebasing. The $APR token supply one holds in wallet will reduce to ensure price sustainability. At present, the platform has set a ceiling price of $1. If, due to the market forces, price goes below $1, the platform will move into a negative rebasing, which will reduce the current supply, stimulating an increase in the price, bringing it back to $1.
Due to this, the number of tokens in the user’s wallet might take a dip, but they won’t lose their value, albeit the value of these tokens will only increase. In terms of their rewards distribution, the users are given rewards in BUSD. 2% BUSD reward is applied to every transaction on the platform. Either a user is buying tokens or selling them, 2% BUSD is shared between the holders.
2% of each transaction is added to the liquidity base that will ensure a solid price settlement in favor of the token holders. 2% of each transaction is sent to the development team and 5% of every translation is forwarded to the marketing budget meant to grow ApolloRebase.
About ApolloRebase
ApolloRebase is an elastic supply token working on the principles of negative rebasing to ensure consistent token value while fluctuating the token supply if and when required. The platform goes through rebasing every 8 hours to sustain the pegged price. ApolloRebase is the first platform working on the principles of rebasing to protect the price floor. Once the price of $1 is reached the $APR token will turn into a stable token and start building the phase 2 of the project to build a Decentralized Exchange allowing the investors to lend and borrow tokens from the platform itself. As one of the innovative platforms working in a new direction, ApolloRebase wishes to bring about an innovative change in the crypto space.
Media Contact
Nathan Woods
[email protected]
PR – Cryptoshib.com
Email – [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101322
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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