APO
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.
Benefits
Transparency
All trade transactions are made through smart contracts that guarantee payments to all the winners and provide monitoring of the pool.
Guarantees
The APO platform does not require the participation of option sellers - buyers pay for the option directly to the pool, eliminating the risk of unfulfilled obligations.
Decentralization
The system being developed is based on clever contracts in the detachment, which stores all information about transactions.
Dividends
The platform does not participate in the trade as an organizer, but requires a fee for its provision, part of which will be distributed among the holders of the tokens.
Insurance
The APO lacks guarantee fees - an ideal tool for both miners and investors, protecting against a falling market.
Flexibility
Each participant can create their own option - from binary to exotic (at their own discretion) or use standard ones.
Spreads
On the APO platform, there are no spreads between supply and demand, because there are no sellers who can raise the price to reduce risks.
How it works
Auction
The auction date is set one week before the expiration. The frequency and duration of auctions will be determined during the beta test.
The platform plans to use standard expiration terms for options:
Based on this, the frequency of auctions will depend on the closest expiration of the contract.
The main objective of the auction is the calculation of bonuses and payments based on confirmed applications. Each participant creates the desired option or selects the desired one from the templates and introduces the strike-price for a certain currency (BTC or ETH). After that, the participant chooses the type of order - market or limit and transfers the necessary amount of money to buy the option to the account of a smart contract.
Bargaining
The pool is formed when the auction has come to an end and all claims are counted. After the transaction, each participant can log into his account through a website or mobile application and see the accrued options, as well as monitor their price until expiration.
Expiration
The option execution date is formed in advance at the auction, for example, at 12 noon on January 12, 2018. At the time of expiration, the price of the asset is fixed (the price is determined by data from several large exchanges). On the basis of this price payments are made to the owners of options. After expiration, each participant can check his account.
ICO Details
Token Name - APO
Token Type - ERC20
ICO Starts - April 25th, 2018 at 10:00:00 AM UTC
ICO Ends - May 23rd, 2018 at 09:59:59 AM UTC
Soft Cap - 6,000 ETH
Hard Cap - 14,000 ETH
Token Rate
1 ETH = 15,000 APO
Min Transaction Amount - 0.1 ETH
Bonus Discount for contributors:
1st Week — 25% Bonus
2nd Week — 15% Bonus
3rd Week — 5% Bonus
4th Week — 0% Bonus
For more information about APO visit the following sources:
