Introducing Apollo

Apollo Platform

In a marketplace where influencers manipulate and exploit their followings, it’s natural the common investor may find themselves with lackluster and underperforming portfolio results. Well, a platform is here to finally level the playing field. The Apollo token will be the hyper deflationary ecosystem currency that will grant access to various functionalities designed to allow our users to remain competitive through changing market conditions.

Whilst both cataloguing caller performance metrics and providing a seamless at-a-glance call feed, users are bound to see an increase in efficiency when searching for their next investment. Additionally, Apollo users will have the option to burn their tokens to unlock a variety of tiered features.

These burn-for-access requirements will complement the burn amplification tokenomics such that participation in the ecosystem begets more reflections. This also creates a compounding deflationary principle that is novel for the space. As it’s name infers, Apollo goes where none have before.

Follow the team and the development of the Apollo platform on:

https://twitter.com/theapollotoken

Burn Amplified Reflection Tokenomics

In the standard RFI model, all tokens are weighted equally, two users both holding equal amounts of tokens own equal shares of the total reflection pool and receive the same amount of rewards. E.g. there are only 2 users, both holding 50 tokens, 10 tokens are reflected, both users receive 5 tokens and end up holding 55 tokens each.

With burn amplified reflection, users can burn tokens to increase their shares of the reflection pool. Burnt tokens are weighted with a global burn amplification factor. If the burn amplification factor is 8, a user who holds 50 tokens and burnt 50 tokens would have 50+8*50=450 tokens in the reflection pool, 9x larger share than the other user who holds 50 tokens and burnt 0 tokens. If 10 tokens are reflected with only these two users in the reflection pool, then the user who burnt tokens would receive 9 tokens and the other user 1 token. 59 vs. 51 tokens after reflection.

To prevent “dead” wallets of users, who had previously burnt tokens but left the ecosystem and no longer hold tokens, to accrue rewards meant for active holders, the number of burnt tokens, that are taken into account for amplification, is limited to the number of tokens the user held after the last token transfer.

E.g. User burnt 50 Tokens, Amplification factor 8.

Holding 100 tokens => 100+8*50=500 tokens in reflection pool.

User transfers out 50 tokens, still holding 50 tokens => 50+8*50 = 450 tokens in reflection pool.

User transfers out 40 tokens, still holding 10 tokens => 10+8*10 = 90 tokens in reflection pool.

User transfers out 10 tokens, still holding 0 tokens => 0+8*0 = 0 tokens in reflection pool.

The stored number of burnt tokens doesn’t decrease, and returning holders, who had previously burnt tokens, will receive amplified reflections again.

No dapp or the execution of special functions are required for the burning process, the user simply transfers the desired amount to 0x000000000000000000000000000000000000dEaD.

Launch Details:

Total Supply: 100,000,000 Apollo

Initial Liquidity: 70,000,000 Apollo, 14,000 USDC

Initial Price: 0.0002$/Apollo

Team supply: 10,000,000 (5,000,000 locked for 1 month)

Listings: 5,000,000 (unlocked after 1 month, if no listings imminent will be locked for another month)

Team contributor supply: 5,000,000 (vested across week 1, excess reverted to team supply lock)

Spiral Staking: 10,000,000 Apollo, emitted over 2 months

Pre-trading:

https://upspiral.one/dashboard

(Displayed time on the launchpad page is in a 24h format and adjusted to the user’s timezone)

Phase 1 starts 17th November 2PM UTC

4320 Max Burn, 20 second advantage per 1 burnt $SPIRAL

Max wallet during phase 1 of pre-trading restricted to Spiral staked in 10:1 ratio. E.g. 1,000,000 Apollo max wallet = 100,000 Spiral staked

Phase 2 starts 18th November 2PM UTC

No Burn required.

Max wallet ratio to Spiral staked during phase 2 of pre-trading changes to 50:1 ratio if the user burnt at least 1000 tokens. E.g. 1,000,000 Apollo max wallet = 20,000 Spiral staked. Otherwise 10:1 ratio.

Public trading starts 18th November 4PM UTC

Taxes: 4% Development/Marketing, 2% Reflection, 1% Liquidity on both buys and sells

Burn amplification factor: 20

The contract will be deployed from imspira.eth and the liquidity will be provided by inspirefund.eth.