Hello steemian .., this time I will review about APO project (Advance Parimutuel Options), hopefully this review useful.
APO Finance - financial market for reverse tote.
A tote is a betting system in which all bets of a certain kind are placed in the pool and the winnings are calculated taking into account that this pool will be distributed among the winning bets. The comparative method of the tote has several unique properties that distinguish it from the traditional method of matching buyers with sellers (a dual auction system).
The reverse tote model differs from the standard totalizator model by setting a fixed win amount at the time of sale. Here are some of its key advantages:
It does not require a comparison of the buyer with the seller in order for the trading transaction to take place. In fact, a reverse tote comparison can generate trading transactions only with option buyers;
Produces lower price options;
Ensures that all participants' payments fall into a common pool (and provides a way to monitor this pool);
Does not require a pledge, margin or initial deposit;
Provides decentralization of the trading system;
In the future, the team plans to split the option contract into subcomponents (elementary statements) to allow the participant to trade both the whole option and the individual components of the option.
Trading platform APO
The APO option trading platform is a set of applications for iOS, Android, and networks that connect through an authentication server to a decentralized application on the Ethereum network.
Mediation servers play the role of serving servers, implementing the functions of user authentication servers, API for mobile applications and database servers for storing secondary information. The central part of the APO platform is a smart contract in the network Ethereum. Among its main functions are:
Guarantee of participants protection
Conducting auctions
Acceptance and storage of premiums before their expiration date
Maintaining the list of options owners
Execution of payments at the time of expiration
Collect commission for operations
The function of APO Finance is to develop and maintain a platform, providing ongoing maintenance and upgrading. This platform does not play a role in providing funds, which distinguishes it from centralized exchanges, in which case the fall of the exchange entails a failure to fulfill obligations with respect to the participants.
Trading operations on the platform have the following differences from the operations of centralized exchanges:
There is no difference between the price (the rate) of the seller and the buyer, in connection with the fact of the lack of sellers.
There is no risk of the stock market falling, since the common pool is located in the Ethereum network and exact payments are calculated during the auction in any situations.
Purchases of new options can be made only during the auction. The trading process is divided into two stages - auction and expiration. Each step is described in detail in the following sections.
ICO APO Finance
Start ICO: April 25, 2018 at 10:00:00 am
End of ICO: May 23, 2018 at 09:59:59 am
The APO tokens are ERC20 tokens. They will be available on the exchange for secondary circulation and can be displayed in the user's wallet. Use MyEtherWallet, MetaMask, Mist or other compatible wallets. To verify the contract, use etherscan.io.
Name of the token: APO
Type of the token: ERC20
Soft restriction: 6,000 ETH
Hard limit: 14,000 ETH
Minimum Transaction: 0.1 ETH
Price of the token: 1 ETH = 15 000 APO
Bounty: yes
Tokens intended for owners and teams are frozen for 12 months of platform development. They are not subject to sale.
Bonus program
ICO Plan
Soft restriction APO Finance equals the equivalent of 6 000 ETH.
The hard limit is 14,000 ETH.
The sale will have 4 stages.
The smart contract will automatically start selling the tokens on April 25, 2018 (10:00:00 AM, UTC) and close it on May 23, 2018 (09:59:59 AM, UTC).
ICO participants will receive tokens from APO Finance.
Funds collected as a result of the ICO will be used to develop a platform for trading backtick options.
Distribution of tokens
ICO: 40%
Private goals: 10%
Reserved: 25%
Bounty: 5%
Team: 20%
APO Finance
Use of funds
Development: 42%
Marketing: 33%
Operating expenses: 18%
Legal support: 7%
Dividends
Payment of dividends to holders of tokens is one of the types of encouragement for investors. Payments will be pledged when an auction containing a smart contract is issued. Once a month, the contract will register a list of tokens holders, and each token holder will receive its share of the commission from the Monetary Fund. The "Monetary Fund" is stored in the Ethereum network, where tokens are located when the list is registered. All data on the holders of tokens and the amounts of payments will be published on the platform's website.
The APO Finance team
Dmitry Taubman
Methodology and analysis
Has a master's degree from the Institute of Technology. Is a creator of a system for dynamic option pricing. He is engaged in the study of capital markets and became a co-author of a patent in the United States.
Dmitry Filyaev
Core platform development
Has a MEPhi master's degree, as well as many years of experience working with financial instruments. Specialist in server-side and mobile application development.
Steven Markov
Development of Blockchain Technology
Specialist in development of high-volume real-time financial systems, as well as, design of the user interface for applications, including web and mobile.
Genadij Gerstein
Platform Architecture
Has a master's degree in Computer Science and more than 19 years of experience in design and development of software for payment systems and banks.
Emmanuel Livshits
PhD in Computer Science
APO consultant in the field of development of derivative instruments for the crypto-currency market. He publishes scientific papers since 1964 in the field of combinatorics, automatics and graph theory, had a number of scientific projects in the field of discrete optimization, static modeling, etc.
For more information :
Website : https://apofinance.io/
Whitepaper : https://apofinance.io/files/whitepaper.pdf
Slack : https://apofinance.slack.com/
Twitter : https://twitter.com/apofinanceico
Telegram: https://t.me/apofinancegroup
TAMER12
My Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1918394
