WHAT IS APO ?
APO Is Advanced Parimutuel Options, The APO platform allows participants to trade derivative instruments (options) without collateral and without risk of non-payment, unlike a centralized exchange. The platform automatically creates a smart contract for the auction, which lasts until the expiration date, and terminates after making payments to participants. The platform operates without option sellers. APO does not act as an organizer of these auctions, but performs the functions of developing, maintaining and upgrading the source code.
About Advanced Parimutuel Options
The central part of the APO platform is a smart contract on the Ethereum network. The main functions assigned to it are:
– Guarantee of protection for participants
– Conducting the auction
– Acceptance and storage of premiums until expiration
– Keeping a list of option owners
– Execution of payments at the time of expiration
– Charging a commission for operations
The role of APO Finance is to develop and maintain the platform, ongoing maintenance and modernization. It does not have a role to play in securing funds, which distinguishes this platform from centralized exchanges where a collapse of the exchange causes default for the participants.
Trades on the platform have the following differences from centralized exchanges:
– There is no spread between bid and ask, due to the fact that there are no sellers.
– There is no risk of a stock market crash, since the common pool is on the Ethereum network and at the time of the auction exact payments are calculated in all situations.
– Purchase of new options can only be carried out during the auction.
In APO no margins are required — an ideal instrument for miners as well as investors to guard against a falling market.
The trading process is divided into two stages — auction and expiration. The platform does not participate in trading as an organizer, but does charge a commission for facilitating the trade, part of which will be distributed amongst the token holders.
How does it work?
The APO option trading platform is a set of applications for iOS, Android and the Web that connect through an authentication server to a decentralized application (Dapp) in the Ethereum network.
Detail APO Tokens sale
Start: April 25, 2018, 10:00:00 am
End: May 23, 2018, 9:59:59 am
Acceptable currencies: ETH
Tokens exchange rate: 1 ETH = 15,000 APO
Minimum transaction amount: 0.1 ETH
Soft cap: $3mln ~ 6,000 ETH
Hard cap: $7mln ~ 14,000 ETH
40% — ICO
25% — Reserve (locked for 12 month)
20% — Team (locked for 12 month)
10% — Private Investors
5% — Bounty
Bonus Discount for contributors:
1st Week — 25% Bonus
2nd Week — 15% Bonus
3rd Week — 5% Bonus
4th Week — 0% Bonus
Theoretical development of the idea
Development of a platform for attracting investments
First phase of ICO
Development of an auction platform
Beginning of Beta Testing
Release of the system
Improvement and optimization.
Development of a system for trading, in part, of options and sale of designer options
Beginning of Beta testing Option Marketplace
Release of option marketplace
The Amazing Team
For more information, please visit the link below:
Website : https://apofinance.io/
Whitepaper : https://apofinance.io/files/whitepaper.pdf
Slack : https://apofinance.slack.com/
Twitter : https://twitter.com/apofinanceico
Ann Thread : https://bitcointalk.org/index.php?topic=3207939.0
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1783327