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
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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