What is Apron Network (APN) | What is Apron Network token | What is APN token
Introduction
What is the web 3.0 world? Unless you’ve been living under a rock these past few years you would have definitely heard of web 3.0, it can be defined as a overturning world-wide-web which can be read access by computers, devised to be coordinated and classified by more than just people. Blockchain and related technologies are achieving — driving us towards a world where users have more control, a deeper sense of the software they interact with.
And what is the apron network? It’s created and used as a decentralized infrastructure service based on blockchain technology runs for APP developers, general users and infrastructure operators. It provides the trust mechanism and platform which could enable to connect into web 3.0 with more control and safety.
Explaining of Substrate/Polkadot integration
Apron sdk
Application developers can quickly encrypt application network access and communications data by simply integrating with the Dynamic equilibrium, not only can be used on the Web, but also in the PC, mobile integration in a native way.
Apron market
Matching infrastructure services to the demands of DAPP developers is the essence of what makes the Web 3.0 portal visible and usable within the Apron Network.
Apron node
The Apron Node is the component Node of the Apron Network, developed using the Substrate framework, with OCW enabled.
Decentralized Infrastructure Service Network for Polkadot Ecosystem
We have witnessed a huge growth of the Ethereum network, there is a great contribution made by participants which are the node operators who sustain the whole Ethereum operation. Maintenance-consumed and energy-wasted on the node operation is not unknown to the community, gradually each of them focus on its specific field and less people is willing to public the node services. Lately, Infura outage, more than 10 billions of daily request paralysis, Ethereum, a decentralized network who relies on centralized node service. In our point of view, many node services can do the same for DApp developers. But People just not keen to run because it needs to define and implement a standardized service interface, besides clients(DApp developers) would have to cost energy.
So based above reason we built Apron Network. It is a decentralized infrastructure service platform, also can be considered as the traditional infrastructure platform like AWS(Amazon Website Service), Alicloud, etc. We will integrate various API services that lean towards infrastructure service providers and provide middle-tier services for DApp& Defi developers.
Key Services&Modules:
1.Apron node
Apron node to enable service providers publicly available and on-chain by one-button deployment, through the OCW(off-chain worker) Synchronize usage, billing for developers and benefits for providers.
2. Apron Market
Apron Marketis a service discovery platform, also it can be considered as the smart contract. It matches the services provided by infrastructure service providers with the demands of DApp developers. Once on-chain completed, Apron nodes will synchronize infrastructure service data and usage to the smart contract. Following that, the smart contract execute service. Additionally, we help them searching target developers through the Apron Market.
3. Apron Market
The function of Apron SDK is to conduct connection dynamic balance and communication data encryption between Apron Nodes. DApp developers only need to integrate the Apron SDK in the application to quickly achieve dynamic balance of application network access and communication data encryption. Not only can it be used on the Web, it can also be integrated natively on the PC and mobile phone.
to help node service providers migrating service from the existing service usage to the Apron Network.
Certainly, we provide other services like data indexing service on-chain just like The Graph; a part of Oracle’s functions like Price feeds and random numbers, etc.
Future:
If you analyzed the future value of the Apron, at the forthcoming years that we obtained sufficient public chain connections and a large variety of service providers, Apron will allow DApp interact on multi-protocols. In addition to Polkadot, developers can also use Ethereum, BSC, Filecoin, Helium and Layer2, etc. Offering its faster & safe infrastructure services for DApp developers, DApp users and infrastructure operators. We believe any developers which engaging with Apron can bring further cross-chain innovation in a cost-saving way among multi-blockchain ecosystem.
More details on each of services will follow as separate articles in weeks to come.
Apron Network Token Economy and Token Utility
Apron network is a decentralized platform for dApp users, dApp developers, and operators to provide infrastructure service. It is built on Substrate and it can operate as a parachain on Kusama/Polkadot. Apron Network provides node service, on-chain data indexing service, random numbers and price feed. It can also be described as “Apron = Api3 + Infura + Graph”.
As the foundation of Web 3.0, the Apron Network would become the new gateway to Web 3.0 by ensuring the freedom of individual choice, making the Web3.0 world accessible to any participant.
Introducing Apron Network Token Utility
APN is the native utility token of Apron Network. The service provider earn APN as a reward for what they provide to the Network. The APN holder reward algorithm introduces difficulty adjustment and reward attenuation mechanism to reflect the real demand and therefore maintain the long-term stability of the system. The service call may charge a certain amount of gas fee and service fee. While the gas fee will be charged automatically depending on the current network usage, it is the service provider who sets what amount to charge for the service fee, therefore anchors the intrinsic value of the APN token. Part of the fee collected will be burnt after the deal is finalized to ensure the stability of APN token value.
APN is introduced mainly in the following scenarios:
Service Assurance: node providers need to stake APN as the service assurance fee. When node service incurred a bad behavior, the service assurance fees may be confiscated depending on the result of arbitration. Service nodes will also receive proportional rewards relative to the staking condition and service duration.
Service Usage：DApp developers need to pay a certain amount of APN as the service fee in order to use the existing services in the Apron marketplace.
Community Governance: Apron DAO is the organization of governance of the Apron Network. Only by holding APN can one participate in community governance on Apron Network through voting to make decisions regarding protocol upgrade etc.
Apron Network will implement the service reward mining mechanism to better motivate the early participants. The reward will be decided by three dimensions: time, service quality and staking proportion. The service provider can apply to open staking portal to its supporters. After the staking portal is opened, the APN holder can stake for the service provider, in turn receiving a share of the service fee based on the proportion their staking takes up in the pool. The supporters will also be vouching for the service provider, and the tokens staked by them will be forfeited if the service provider behaves wrongfully.
The incentive attenuation of APN is not a radical design. Initial-stage miners and early APN holders enjoy an absolute contribution-rewards ratio while contributing to the future development of the Apron Network.
Apron Network token details
Token name: Apron
Token ticker: APN
Max supply: 1 billion APN
Seed round and Private round token sale
Out of the 600M tokens, a total of 150M tokens(max of supply 15%) will be sold on the seed and private sale round
Seed sale(closed):
Tokens sold: 60M Token price: $0.005
25% unlock upon listing, followed by daily unlock of all the remaining tokens in 12 months.
1st round Private sale(ongoing):
Tokens sale: 60M Token price: $0.015
30% unlock upon listing, followed by daily unlock of all the remaining tokens in 12 months.
2nd round Private sale(unstarted) (a part of tokens for communities)
Tokens sale: 30M Token price: $0.02
30% unlock upon listing, followed by daily unlock of all the remaining tokens in 12 months.
Team Allocation
50M of tokens(max 5% of supply) will be distributed among founders, team members, etc.
These tokens have a lock-in of 6 months from listing and will distribute 15% every 6 months.
Ecosystem Construction
170M of tokens(max 17% of supply) will be held by foundation, unlock when needed.
Consultant
30M of tokens(max 3% of supply) will be distributed to advisors.
5% unlock upon listing, followed by daily unlock of all the remaining tokens within 12 months.
Mining
600M(max 60% of supply) will be distributed to miners. Linear release based on mining time and number of nodes.
Initial Circulating Supply
The initial circulating supply will be around 42M. The breakdown will be as follows:
25% of Seed sale tokens: 15M
30% of 1st round of Private Sale tokens: 18M
30% of 2nd round of Private sale tokens: 9M
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How and Where to Buy Apron Network (APN)?
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
After the deposit is confirmed you may then purchase APN from the exchange: huobi
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once APN gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
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Find more information APN
☞ Website ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 3 ☞ Message Board ☞ Message Board 2 ☞ Coinmarketcap
🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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