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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- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
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