In this article, we’ll discuss information about the AMPnet Asset Platform and Exchange project and AAPX token
The meteoric rise of the DeFi ecosystem in blockchain has been powered by increasingly innovative ways to save, lend, trade and utilize blockchain secured digital assets.
Platforms like Uniswap enable you to list assets and trade them in a fully trustless and transparent way. Aave, Compound and dXdY enable you to earn interest against your tokens. Synthetix is bringing blockchain native financial derivatives. The DeFi floodgates have been opened and there is no shortage of highly innovative projects making their vision of a more inclusive financial future — a rapidly approaching reality.
Underneath all of this hype and innovation, it’s easy to forget that we still haven’t completed the open finance puzzle. One of the key elements missing in this puzzle is — real world assets.
Houses, apartments, renewable energy power plants, land, traditional financial instruments, company equity and much much more — are all locked away — not to be used or seen by the blockchain market. Five hundred trillion dollars in assets — just waiting to be brought to the open finance movement.
Private markets exceed five hundred trillion dollars — according to Bain & Company
While there are a lot of noteworthy projects tokenizing and securitizing on blockchain — they are overwhelmingly centralized. It’s usually structured like this — there is a company, which _promises _to mint blockchain tokens which are equivalent to some real-world asset — such as real-estate. We, as the holders of the blockchain token — need to be extremely careful which tokenization platforms we trust, spend a huge amount of time researching and vetting legal compliance, trustworthiness and the people behind it — to make a decision whether the tokens we hold are _actually _covered 1:1 by real-world assets — or are just pretending to be.
This process is not open and it’s not in the spirit of the DeFi movement — but that’s not the real problem. The real problem is that this approach is impossible to scale. Imagine having hundreds of tokenization platforms for dozens of asset classes and coordinating which ones you trust, which ones you don’t and which ones you might. It’s a logistical nightmare and — it’s never going to work.
This is the reason why at AMPnet — we’ve decided to build a platform which can support the creation and operation of thousands of independent tokenization platforms and enable users to effortlessly verify the integrity of the tokenized assets.
So how do we do it?
The solution holds two parts — the AMPnet APX Protocol and the AMPnet Tokenizer Builder.
The APX Protocol aims to have thousands of independent tokenization platforms attached to it — tokenizing, trading and verifying real-world assets. We achieve this by allowing anyone to join the platform. Whether it’s existing crowdfunding platforms, equity funds, real-estate companies, renewable energy investors, VC’s or even private people — if they have assets and a way to convert them into blockchain tokens — they can join (AMPnet also makes this “have a way to convert them” part very easy — but more on the in the section about the “Tokenizer Builder”).
The independent actors in the APX Protocol ensure continuous, trustless verification of any asset
The APX Protocol provides a way to guarantee that assets issued on the blockchain match the assets in the real world to _anyone _using _any _of the tokenization platforms attached to APX.
We achieve this by employing an independent system of decentralized Auditors who are tasked with continuously verifying the tokenization platforms and giving them a _risk score, complexity score _and reporting them if they find anything suspicious. The _Auditors _are rewarded for this behavior by having APX tokens sent to their blockchain address. For each tokenizer, once a week, the protocol selects nine _Auditors _at random from the Auditor Pool and tasks them with verifying the integrity of the assets on that tokenization platform.
Beyond this — each tokenization platform must deposit a certain amount of value into a mandatory liquidation reserve. How much they need to put in is determined by the _risk factor _assigned to them by the auditors and is expressed as a percentage of their total asset value. The liquidation reserve is distributed to token holders in the case that the tokenization platform is found to be malicious or incompetent.
This ensures that high-risk tokenization platforms which might not be fully auditable have a reserve from which their users can get a proportion of their money back in the case of trouble.
The APX Protocol is connected to a tightly integrated DEX on which all assets which receive a satisfactory audit by the protocol can be listed. The DEX enables decentralized, permisionless trading of all of those assets.
The DEX will be implemented by using an Automated Market Maker with a Constant Product Formula implementation. You can read more on that here.
The DEX will have many specialized features, making it a better fit for real-world assets such as filtering by asset class, country and legal structure as well as some APX specific features such as filtering by APX Risk Score.
The DEX has a transaction fee which is used to buy APX tokens through our Automated Token Buyback mechanism (which will be explained below)
We don’t want our users to be limited to our in-house DEX, though. We want all assets to be a part — and a catalyst — of the growing and dynamic DeFi movement.
This is why the APX Protocol enables anyone to issue a trusted synthetic. A trusted synthetic is a token which wraps one or more APX verified assets. The trusted synthetic is a _freely-tradable _ERC20 token. Each trusted synthetic inherits security from the underlying APX protocol and has a derived _risk score _dependent on the underlying assets.
By issuing a trusted synthetic — APX users are free to trade, stake and earn interest on their real-world assets on any DeFi protocol — without any limitations.
There is a cost associated with issuing a trusted synthetic which is expressed in percentage of value per year (e.g. 0.3%/year) and is used to buy APX tokens through the already mentioned Automated Token Buyback mechanism which will be explained below.
The APX Network is a fully decentralized entity run by the governance token holders. There is a mechanism for representing passive token holders through the use of a Polkadot-like Council mechanism.
The Council and the APX Token holders vote on changes to the protocol and on various fees which are incurred on the network.
The APX Token is an ERC20 token — issued on the Ethereum network.
To make sure that the people who are investing into APX are rewarded by the increase in the price of APX token — every time a fee is incurred on the APX network (DEX Trading Fee, Trusted Synthetic Maintenance Fee, APX Listing Fee, etc…) — the entire amount of that fee is used to buy APX tokens on a DEX.
These tokens are then sent to the APX Treasury — where they hold no voting rights and are locked. The only way to unlock the tokens is through a governance vote — approving the treasury funds for certain uses which benefit the network.
Even when you have a protocol for verifying assets and putting them on blockchain — building the tokenization platform itself is very complicated. This is why we introduce the AMPnet Tokenizer Platform Builder.
The Platform Builder enables _anyone _to create their own, APX compliant, tokenization platform in minutes. You can check out the tokenization builder at https://ampnet.io and even try a demo for yourself.
If you would like to use only some of the features of our Platform Builder and build the rest yourself, we have excellent _developer docs _at https://docs.ampnet.io
The concept is very similar to how Substrate enables the easy creation of Polkadot blockchains.
An example of a Tokenization Platform created through the AMPnet Platform Builder.
TGE Circulating Supply: 160.000 AAPX (Launchpad) + 60.000 AAPX (UniV2 Liquidity Pool)
Token Vesting (Public)
~3561 AAPX every day for 365 days (total: 1.3M AAPX) since 8th of March, 2021
~2963 AAPX every day for 270 days ( total: 800k AAPX) since 8th of June, 2021
Token Vesting (Team)
Team/Advisory and preseed investors token vesting begins on 9th of March, 2023. After that it unlocks:
~3827 AAPX daily for 365 days (total 1.39M AAPX)
504.000 AAPX (Remaining unsold public sale tokens, reserved for future capital raise rounds)
430.000 AAPX (Remaining liquidity tokens — reserved for exchange listings, etc…)
1.050.000 AAPX (Reserved for Treasury and grants)
AAPX is now live on the Ethereum mainnet. The token address for AAPX is 0xbfd815347d024f449886c171f78fa5b8e6790811. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
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), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy AAPX token
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 AAPX 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
Find more information AAPX
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
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