Wednesday, November 29, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Apollo Space Token Launches NFT like Star Naming Registry on BSC, Becomes an Instant hit Within a Week of Launch

by firstcryptonews
May 20, 2021
in Press Release
Apollo Space Token

The NFT mania this bull season is not just limited to crypto enthusiasts and has gained mainstream momentum with the likes of top athletes and celebrity artists auctioning their rare memorabilia and art using blockchain. NFTs have turned into the biggest success story to emerge out of crypto space this bull season and Apollo Space Token (AST) is bringing a unique iteration of the same in the form of decentralized star naming registry. The emerging crypto project aims to revitalize the star registry industry with GenZ.

The AST project promises to offer an intergalactic service to people fascinated by space, solar systems, and stars. The project was officially launched just a couple of weeks ago and has grabbed the attention of many celebrities with its market cap reaching $1.5 million within a week of launch.

What is Apollo Space Token Project?

As the plausibility of human life outside of earth is sounding increasingly possible due to companies like SpaceX founded by Elon Musk, AST promises to etch the name of the interested ones on one of the millions of stars in our galaxy. While SpaceX would be focused on space tourism and taking the selected few to Mars, AST offers the opportunity to be among the stars today itself with your name secured on a decentralized ledger.

The developers at AST are providing their users the first opportunity to write their names in the stars. Apollo Space Token is the latest token launched on the Binance smart chain and unlike many crypto projects, all three developers at AST have revealed their identities and seem to have multiple connections to current professional athletes through their years of experience in various sporting arenas per their community.

The developers of Apollo Space Token have capitalized on this opportunity to become the leading star naming registry on the Binance smart chain, Apollo Space Token is in the process of developing a decentralized star naming registry that will allow its users to purchase and transfer ownership of any of the stars named in their registry. This unique quality, which has not been seen before in other registries gives each star an underlying value. Each of the stars named in their registry will increase in value as demand increases, similar to that of a Non-Fungible Token or NFT; another emerging sector that allows users to buy, sell, and trade authenticated digital assets.

Star Registry Data Base (SRDB1) will be the first iteration of AST’s database for the cosmos. This blockchain database will be created and maintained through the AST foundation. The AST foundation will be solely supported and managed by AST holders. Governance protocols will be introduced shortly after the creation of SRDB. The database will house information about the vast cosmos and the naming of the rights for stars/planets/galaxies which will be sold by the AST foundation.

Apollo Space Token has continually passed major milestones in the development of its DApp or decentralized application and is continuing to captivate a larger audience as the days go on. You can learn more about this crypto-based project and stay up to date by visiting their website at Apollospacetoken.com

How to Make the Most of AST Ecosystem?

The AST project might sound like a unique idea in itself, however, the ecosystem has much more offer than a decentralized star naming registry as its native token AST can be utilized to earn passive income along with the token burning system that increases the potential of the native token to rise in price.

Burning tokens is the greatest way to increase a token’s price floor as burns are a good thing but the supply and burn rate has to make sense.  AST ecosystem offers a 2% burn rate for each transaction and a fixed supply cap of only 13 billion, thus a meaningful price change will occur daily for AST. Let us understand it via an example, the current supply of AST is 13 billion with a

2% burn rate where Initial value of 1 BNB = 13,000,000 AST. if we consider the potential daily volume to be 1,000 BNB the potential daily burn would be around 20 BNB or 26,000,000 AST. That equals a burn of over 100 million AST every 4 days

This does not take into account price changes, changes in the number of transactions, or an overall reduction in tokens. The number of AST burned might be slow but the percentage will Never change. AST will become more scarce with each transaction and ultimately more valuable. The AST burn rate would act as the rocket fuel for the token price.

Tokens aren’t just burned with each transaction, they are given back to the community! Just by holding on to AST, users will receive tokens back. This auto-staking feature allows users to earn income in the form of AST tokens just by being a part of the Moonmen Gang (AST holders). The project developers aim to expand the registry system with a growing community and add features such as naming rights to planets and even galaxies. The project aims to take NFT’s to a whole new level.

To learn more about Apollo Space Token visit www.apollospacetoken.com

Twitter : https://twitter.com/apollomoonmen

Telegram : https://t.me/ApolloSpaceToken

Facebook : https://www.facebook.com/ApolloSpaceToken/

 

Related Posts

ElmonX Unveils Van Gogh’s Masterpieces “Meules de blé” and “Cabanes de bois parmi les oliviers et cyprès” in Groundbreaking NFT Release

ElmonX Unveils Van Gogh’s Masterpieces “Meules de blé” and “Cabanes de bois parmi les oliviers et cyprès” in Groundbreaking NFT Release

by firstcryptonews
November 26, 2023
0

Two Iconic Works Fetched a Combined Total of $107,205,000 at Auction – Now Transcending Art with a Digital Renaissance on...

Neobank startup iPeakoin raised nearly $10 million Series A from Zhenfund

Neobank startup iPeakoin raised nearly $10 million Series A from Zhenfund

by firstcryptonews
November 23, 2023
0

iPeakoin, an innovative neobank building solutions across traditional finance and crypto, recently closed its Series A, "close to ten million...

The Next Evolution of Blockchain Hybrid Infrastructure THXNET. Launches its Main-net To Support Its Web3-as-a-Service Offerings

The Next Evolution of Blockchain Hybrid Infrastructure THXNET. Launches its Main-net To Support Its Web3-as-a-Service Offerings

by firstcryptonews
November 23, 2023
0

In a major leap for the digital age, THXLAB proudly announces the public launch of THXNET. main-net going live. THXNET....

Save Earth Mission’s Community Shatters Records with 9x Returns Poll Win

Save Earth Mission’s Community Shatters Records with 9x Returns Poll Win

by firstcryptonews
November 8, 2023
0

Save Earth Mission is taking an extraordinary leap towards environmental stewardship by offering a monumental 9x return on investments to...

The Symbiotic Relationship between Halving and Bull Runs in Cryptocurrency

The Symbiotic Relationship between Halving and Bull Runs in Cryptocurrency

by firstcryptonews
November 8, 2023
0

Introduction Let's embark on an exciting journey into the world of BitcoinCode (BTCC) (https://bitcoincode.technology/) , a recent entrant in the...

Pandora Protocol Genesis Box Officially launched: A New Era of DeFi Unfolds

Pandora Protocol Genesis Box Officially launched: A New Era of DeFi Unfolds

by firstcryptonews
November 8, 2023
0

Recently, Pandora Protocol has announced the official launch of the Genesis Box, an application meticulously crafted for early supporters, designed...

Next Post
Earn Passive Income from Crypto Cloud Mining with Nhash

Earn Passive Income from Crypto Cloud Mining with Nhash

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Yorkie Inu

Yorkie Inu, a New Rugpull-Proof Community-Driven Defi Meme Project Live on PancakeSwap

2 years ago
Ripple CEO: In A Crypto Market Flooded With Too Many Coins, XRP Offers Less Volatility And Better Utility

Ripple CEO: In A Crypto Market Flooded With Too Many Coins, XRP Offers Less Volatility And Better Utility

4 years ago
Next-gen NFT platform Crypto Samurais waging war to secure financial freedom through crypto- launches presale with multiple benefits

Next-gen NFT platform Crypto Samurais waging war to secure financial freedom through crypto- launches presale with multiple benefits

2 years ago
UNIUM Donates USD10,000 to Dolgo to Overcome Covid-19

UNIUM Donates USD10,000 to Dolgo to Overcome Covid-19

2 years ago
Western Union Makes An Offer To Purchase Ripple-Partnered MoneyGram

Western Union Makes An Offer To Purchase Ripple-Partnered MoneyGram

3 years ago
moco token

MoCo – Virtual reality, 3D and 8K Social Media Platform – Goes Global with an IEO!

4 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

ElmonX Unveils ‘Moona Lisa’: A Digital Collection by World-Famous Street Artist Nick Walker

ElmonX Unveils ‘Moona Lisa’: A Digital Collection by World-Famous Street Artist Nick Walker

September 6, 2023

Press Release

ElmonX Unveils Van Gogh’s Masterpieces “Meules de blé” and “Cabanes de bois parmi les oliviers et cyprès” in Groundbreaking NFT Release

ElmonX Unveils Van Gogh’s Masterpieces “Meules de blé” and “Cabanes de bois parmi les oliviers et cyprès” in Groundbreaking NFT Release

November 26, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News