Apollo Septem (APO) - Business model in DetailsExecutive summary
Apollo Septem’s goal is to build a truly decentralized society, governed by democratic values, where all the participants have the right to sustain their beliefs and where everyone feels secure and fairly rewarded. By using a strong technological foundation, the project will regain the freedom of art and artists. The main shortcomings addressed by Apollo Septem are: • The lack of self-governance of artists’ community; • The art industry centralization and control assumed by third parties; • The expensiveness of the available online tools; • The expensiveness and reliability of the art pieces’ authenticity veriication.
1.The token as a tool
The token will work as a tool and was designed to: • Incentivize the supporters of the community; • Grow as a natural currency for art and artists; • Reflect the real value of the art industry; • Protect the artists’ community against inflation; • Enable and sustain democracy within the community. The art consumers will have the following main advantages: • Setting direct contact with the artists themselves; • Possibility to obtain discounts based on the costumer total score; • Possibility to finance and hold art shares; • Priority when visiting the online galleries.
Market vs. Community
Apollo Septem is not aiming at becoming a commercial enterprise, but at further developing and sustaining a community. For this reason, the general term of “market” has been replaced by the Global Art Community concept. Pushing this approach further, the team is developing a new ecosystem with strong core fundamentals and values that are: • Freedom; • Transparency; • Equity.
This is why Apollo Septem started to design the project envisaging a metamorphosis of the following concepts: • Market becomes Community • Centralized becomes Decentralized • Governance becomes Self-governance • Business becomes Community Collaboration • Finance becomes Equal Opportunities With this approach in mind, Apollo Septem is designing an All-in-One Platform to be the baseline for the entire Community.
The core features that Apollo Septem envisions and proposes are:
Online Shop – the community existence and development will be fueled by the APO token that will become the main value transfer method inside the platform, by offering important discounts for its usage.
Financing Platform – independent financing events audited by the Community will fuel the art development.
Virtual Galleries (includes VR) – the content of the modern online galleries will be primarily 2D, as 3D would not the optimal solution for user perception because of most devices’ display limitations. VR will in any case produce a much better user experience. This feature will empower the artist to present and transfer his work to the art collectors in an easy and straightforward way. The numbers of visitors will thus increase significantly, giving the possibility to a high number of art lovers and collectors to admire the exhibited pieces. Further new communities will have the opportunity to explore art.
Peer-to-peer Ownership Transfer – lean and transparent transfer of ownership from one individual to another, empowered by the use of blockchain capabilities.
Online Shares Offerings – the possibility to split the ownership of an art piece in shares. A buyer of such shares will thus have the possibility to monetize his holdings once the partially-owned art work is sold.
Authenticity verification of the art pieces, embedded into the platform. A Certificate of Authenticity will be issued once the art piece is registered on the platform and verified.
Distributed Storage System – collaboration with a consolidated storage platform that will offer a low cost and secure solution.
Request For Art Work – possibility for the art collectors to organize competitions between artists for pre-ordered masterpieces.
Model and concept
Apollo Septem Platform will run using low fees, necessary for the future development of the community. Details on the fees application, as well as on the rewards system split by role follow further on.
Table 1: Model And Concet for Artists
Apollo Septem Foundation and voting rights
The foundation will work only as a vehicle that the community can use for future developments and promotion. The right of voting will be assigned as follows:
Apollo Septem will organize a transparent online event in order to invite the community to apply for a Promoter role. After the initial selection, the promoters can present sustainable strategies and work together with Apollo Septem Foundation to promote the community. The selection criteria will be published in a second version of the whitepaper and will be transparent for everyone. Indicatively, the following ones will be considered, but the list is not final nor exhaustive: • Experience; • Art knowledge; • Commitment to respect the Apollo Septem values; • Geography.
ySign - User Panel and Affiliate address DetailsUser Panel
During our Pre-Sale and Sale Period, each registered user will have a User Profile (consists of Dashboard, History, Transaction, News) which contains details and a unique username. All user information is protected and is available only to the user on their personal dashboard. The registration on our platform gives users discount benefits and on their dashboard, users will be constantly informed about all news and updates. There is an option to enter wallet address and directly store your tokens on that address or to store tokens on the wallet on our platform.
Each user will have an option to create an unique affiliate address, which will be memorized in our basis. From this address user can share ICO content and posts to others and to invite others to join ICO Sale. With this address users will have a possibility to earn tokens without investment. It will be memorized in our system how many users invested and bought tokens following someone’s affiliate link. Based on token sale at the end of the month tokens will be summed. Each user who has invited others, shared and helped in token sale will become 3% of tokens sold from that address. Those tokens will be saved on user’s wallet.
a decentralized derivatives protocol designed to deliver on-chain,
cross-chain and off-chain trading, is pleased to announce a partnership
with Havven — a
decentralized payment network and stablecoin. Stablecoins have all the
benefits of other crypto assets while adding the utility of a stable
medium of exchange. They are often pegged to traditional fiat currencies
or physical assets like gold.
are contracts between two counterparties denominated in a base token
deriving value from a reference asset all without ever taking custody of
that asset. Anyone can create MARKET Protocol contracts with dollar
proxy — eUSD as a base token resulting in relationships like eUSD versus
the S&P 500 index. Alternatively, contracts can be generated for
cross-chain relationships like eUSD/Monero providing eUSD/Monero price
exposure without ever taking custody of Monero or converting to fiat in a
decentralized, safe and solvent environment.
is the initial stablecoin within the Havven network, and is a major
step towards the release of havven-backed nomins, the final stablecoin
iteration that launches on June 11. As part of the launch of eUSD,
Havven created a tool
to simplify the process of converting your ETH into eUSD and vice
versa. eUSD and future nUSD stablecoins can also be used as a payment
method on the Havven eStore.
Rubin, CEO of MARKET Protocol, says, “Havven presents a unique and
thoughtful stablecoin model. It’s great to see a team deliver so quickly
in production.” Kain Warwick, Founder of Havven, says the partnership
is a mutually beneficial one: “MARKET Protocol provides businesses and
users with the framework to effectively manage risk, and a stablecoin
will help combat another major risk — price volatility.”
Important Announcement for the SprintX Community New Date of phase 2 PrePre-Sale
Our priority is to our user community first, especially when it comes to running our ICO. It came to our attention earlier today that there was a vulnerability found in our Smart Contract. As a result, our Phase 2 sale which was scheduled to start today (April 23rd 2018) has been postponed until Thursday May 3rd 2018.
The following new dates for our Pre Sale and Public Sale will be as follows:
- Phase 2 Presale — Thursday May 3rd 2018 to Thursday May 17th 2018
- Public Sale — Thursday May 24th to Thursday June 21st
We believe that it is essential that we continue to adhere to a high standard of quality and security when it comes to our user community of users, investors and followers. Our goal is to be one of the most successful ICO’s out there. We have already raised $15M during our private sale and are excited about getting our Phase 2 ICO underway.
For now our priority is to ensure that our smart contract is secure and deployed so that we can kick off the next round of funding. We also believe it is imperative that we are open and transparent with you and look forward to sharing more news about the project very soon!
We thank you for your Support and continuous commitment to our team and this great project.
Good things are worth waiting for!
- The SprintX Team -