ANN | APM Permanent Token Lock-up/Burn Plan

The blockchain-powered customer reward management apM Coin project has presented the revised business model under the objectives to provide more efficient services in accordance with the unprecedented pandemic in 2020 and distinctive features of service deployment in apM shopping malls. The updated business model is planned to be implemented gradually according to the malls’ market conditions after the beta service launch scheduled for the first half of Y2021. The revised business model includes the project’s token economy management plan for APM token’s sustainable growth.

Permanent Token Lock-up or Burn Scheme

In exchange for offering apM e-vouchers or the platform’s customer management system, the apM Coin project will receive apM Coin tokens. As more customers and vendors make the payment with apM Coin tokens to purchase the vouchers or use the customer management systems, the project’s number of tokens will increase. apM Coin project will permanently lock-up or burn a part of the received APM tokens through the project’s smart contract. As more users use token-applied services, the number of apM Coin tokens used in the token utilities would increase, whereas the circulating supply of apM Coin tokens is limited. It implies that the overall circulating supply will decrease, and so will the maximum circulating supply. The details on the token lock-up/burn ratio will be announced later.

Multiple Oracle Networks and AMM Adoption

APM token’s market value can be dramatically distorted, or high slippage may instantly occur on digital asset exchanges, when users buy APM tokens on the exchanges to purchase apM e-vouchers or subscribe to the customer management services, or when they make payments with APM tokens for the digital vouchers or the customer management services.

apM Coin project will integrate multiple decentralised oracle networks on its token-applied payment solution of apM Chain platform. The oracle networks will ensure the users to receive the most accurate and fair KRW-APM market exchange rates when they make payments with APM tokens on the app. Meanwhile, to suppress slippage, the project will use the APM tokens, which the project gets by providing goods/services to the app users, to provide liquidity through an automated market maker(AMM) system during the settlement cycle instead of selling the received tokens.

apM Coin Official Communication Channels

Website | Telegram Announcement Channel | Telegram Global Community(English)| Telegram Korean Community (Korean)| Twitter