APIS- REVIEW

Welcome to the Apis platform. The Apis Token is the first tokenized hedge fund strategy, focused on an algorithmic, signal based volatility trading strategy in the S&P 500 Options and VIX Futures markets, with a proven track record and a management team with over 15 years securities trading experience.
Apis token the world's first digital token providing exposure to a volatility-focused hedge fund with a proven track record of performance. The Apis Token is built on Stellar protocol, a Blockchain 3.0 technology supported by IBM, which brings best in class security, speed and efficiency.
With algorithmic trading, APIS token benefits from the stock market volatility strategy. It's able to obtain profits within up, down, and sideways markets. The strategy doesn't invest in the crypto or the stock market, and has no correlation with the Bitcoin's price, which gives investors a good diversification opportunity.
The Apis Token is built on Stellar, making it secure, efficient and fast. To receive the Apis Token, simply create a Stellar Wallet, and then set it up to receive the token.
Apis Token, allowing investor participation in the returns of the ACM Market Neutral Volatility Strategy Fund, without the complex structure and fees of the traditional limited partner investment model.
Their goal is to use technology that keeps the Tokenssecure, liquid and transparent. The Issuer will use Stellar, a blockchain that provides the best combination of a thoroughly tested platform, speed, efficiency, low transaction fees and liquidity. Powering Stellar is the third evolution of blockchain technology, which keeps the $400 billion USD crypto ecosystem secure. Stellar Network is the fastest blockchain network currently available, allowing over 1000 TPS per second. APIS token will benefit from Blockchain 3.0 technology, making it very effective. Tokens are re-sellable to nonU.S.

ADVANTAGES
• Unique Strategy: The Token provides exposure to profits generated by the Issuer’s investment• in the Fund. The Fund’s investment strategy combines selling of “Volatility Risk Premium” (VRP) in VIX Futures or “Equity Risk Premium” (ERP) in S&P 500 Index Options strategies to effectively perform in market conditions including bull and bear markets, with very little correlation of returns to the cryptocurrency market or the S&P 500.
• No Fees: Proceeds from the token sale will be invested directly in the Fund by the Issuer and the• Issuer will become a limited partner of the Fund. The General Partner of the Fund has executed and guaranteed a waiver of management and incentive fees to the Issuer.
• Re-sellable: No lock up period. Tokens are immediately re-sellable to non-U.S. persons, as defined herein, following their initial issuance under Regulation S.
• Proven Track Record: The Fund has generated gross annualized and audited returns of 70%• over its existing 28-month track record. Simulated/backtested returns from 2009-2015 provide similar results.
• No Minimum Investment: Unlike typical investments in hedge fund which require large capital• contributions, a Token may be purchased with as little as [$---] in capital.

TOKEN DISTRIBUTION
Each month, as soon as practical after the close of the month the Issuer will publish, securely yet publicly visible, the performance of the Fund, as calculated by the Fund’s administrator, Tower Fund Services. The profits will be distributed to the Investment Balance of Apis Token Ltd, to which the Apis Tokens are entitled, thus increasing the value of each Apis Token. For example, if there are 10,000,000 Apis Tokens in existence and the Investment Balance is $20,000,000, each Apis Token is worth $2.00 at redemption. If, however, there are $3,000,000 in profits distributed to the Investment Balance, bringing it to $23,000,000, the redemption value of each Apis Token increases to $2.30.

TOKEN ALLOCATION

ISSUER AND FUND ROADMAP
PHASE 1: Tokenholders send BTC, ETH, XLM or Fiat to the Fund's wallet. Each transaction is publicly recorded on its respective blockchain. Once the funds are received, they are directly invested in the ACM Market Neutral Volatility Strategy.
PHASE 2: Apis Tokens will be distributed to the wallet addresses of the Tokenholders from phase 1. The location of all tokens can be monitored on the Stellar blockchain.
PHASE 3: Tokens can be freely traded between Tokenholders on the Stellar blockchain, including the native StellarPort Decentralized Exchange, as well as other exchanges such as White Company Capital and similar major exchanges.
PHASE 4: : On a monthly basis, the net profits from the Strategy will be allocated to the Investment Balance of the Apis Token, thus increasing the redemption value of each Apis Token.
The Apis Token will also publish the performance of the Fund in a secure and publicly visible manner. There will be no subtraction of management or incentive fees. Proceeds from the token sale will be invested directly in the Fund by the Issuer and the Issuer will become a limited partner of the Fund. The General Partner of the Fund has executed and guaranteed a waiver of management and incentive fees to the Issuer.
THE TEAM
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