Alprockz (APZ) Token Utility- Alprockz Whitepaper Chapter 10
In order for users to benefit from the ROCKZ platform, they will need to hold a minimum amount of Swiss francs in equivalent Alprockz (APZ) or a minimum number of Alprockz (APZ) tokens in their private wallets.
In addition to platform access, holding a larger amount of Alprockz (APZ) tokens will provide holders with additional features, depending on the amount held:
BASIC ACCESS TO THE ROCKZ PLATFORM
APZ holders holding at least 500 APZ or CHF 300 worth of value will have access to all ROCKZ platform services: including the purchase and sale of ROCKZ, the redemption of ROCKZ on your bank account or physical delivery in Switzerland.
CREDIT CARD ISSUANCES (Not at MVP)
APZ holders holding at least 1,500 APZ or CHF 900 worth of value will be able to apply for a credit card backed by their ROCKZ. The CHF limit of the card will have to be pledged by the coin holder in ROCKZ with ROCKZ AG. In order to keep benefiting from the Ruby status, users will have to hold the minimum amount or value APZ tokens in their private wallet. In the case that this condition is not fulfilled (ceteris paribus), the user will be notified that they need to comply within the next 10 days, or they will lose the benefits, as stated above.
COLLATERALIZED LOAN FACILITY (Not at MVP)
APZ holders holding at least 3,000 APZ or CHF 1800 worth of value will be able to apply for guarantees issuance. The CHF amount of the guarantee will have to be pledged by the coin holders in ROCKZ with ROCKZ AG. In order to keep benefiting from the Diamond status, users will have to hold the minimum amount or value APZ tokens in their private wallet. In the case this condition is not fulfilled (ceteris paribus), the user will be notified that they need to comply within the next 10 days or they will lose the benefits, as stated above.
To improve Alprockz liquidity and to make a more profitable offer for our contributors, just after the ICO Event, we will establish the following principles in defining the number of tokens which should be held by a user in order to obtain the basic platform access, and the additional benefits:
- If the market APZ price is higher than the ICO price, a user has to hold only the APZ equivalent of the CHF amount needed following the figures as per the above table. For example, if the price of the APZ is set at 1.00 CHF, and you have purchased 500 APZ during the ICO at a price of 0.60 CHF each to get basic access, your total balance is 500 CHF (500 APZ * 1.00 CHF). You may sell your extra 200 CHF (200 APZ) without loss of access, because you need only 300 CHF to get basic access.
- If the current APZ price is lower than the ICO price, a user has to hold the amount of APZ required for basic access following the figures as per the above table. In the example above, if you bought 500 APZ at the price of 0.60 CHF each, and later the market price falls, you would not need to buy any additional APZ, because you still have 500 APZ in your wallet.
TRANSACTION FEES DISCOUNT
In order to provide our ICO contributors and token holders with additional utility we have developed two models to use APZ to benefit from transaction discounts when buying or selling ROCKZ on our platform, the APZ holding maturity and the economic value of the token:
MODEL 1: APZ HOLDING MATURITY
The first model will be based on defined timeframes during which our platform users have kept the minimum number of APZ or minimum CHF value for Basic Access in their private wallet. The longer users keep the APZ in their private wallets without interruption, the greater the discounts they receive.
The discount mechanism will work as follows:
MODEL 2: TOKEN ECONOMIC VALUE
The second model will enable our users to benefit from one-off transaction discounts by buying APZ tokens directly on the ROCKZ platform, in a similar fashion to the Binance BNB model, but with different features:
• APZ is a membership token, a utility token. It is not designed to be used as a means of payment.
• The economic value feature of the APZ will enable our plaform users to acquire APZ on the platform at the market spot price. By doing so the users will be granted the possibility to benefit from up to 15% discounts on the transaction fees on any given transactions on the platfrom. The number of tokens to be acquired to benefit from the discounts will be derived by economic value of the 15% on the overall fees translated in number APZ at spot price (please refer to the below formula).
• This 15% discount will be made accessible in addition to the APZ holding maturity discounts covered in Model 1 (see above).
• The amount of APZ tokens available on the platform to benefit from the economic value discounts will be capped at 4,500 units per day.
Formula for APZ economic value
#APZ = (CHFv*10bps*%discount)/ APZp where:
ÌÌ #APZ = the number of units the user will need to buy to access the discount
ÌÌ %discount = the discount in % of 10bps they want which is capped at 15% — basically the fee they pay is (1-%discount)*10bps
ÌÌ CHFv = amount transacted in CHF or CHF equivalent of BTC/ ETH ÌÌ APZp = the spot price of the APZ in CHF
- Providing a fictional example: The user wants to transfer 100 BTC into ROCKZ at a BTC market price of CHF10,000. For simplicity let’s assume the user has just recently joined the platform and doesn’t benefit from any of the privilege discounts yet. When transacting on the platform the buying fees they will face are 10bps (0.1%) on CHF1,000,000 worth of BTC, which is CHF 1,000. By using Model 2, they will be offered the possibility of buying up to CHF 150 worth of APZ on the platform, in order to pay a discounted transaction fee of CHF 850. The user is then free to either hold on to the APZ tokens, or sell them on a secondary marketplace.
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