Warning : This article is brought to you by the company APWine. Crypto investments are risky by nature, do your own research and invest only within the limits of your financial capacity. This article does not constitute an investment incentive.
The APWine protocol allows you to tokenize your future returns on the market
So let’s start very concretely by understanding how the APWine protocol works and especially how to take advantage of it to tokenize your future DeFi returns. The first thing to do is to deposit your funds on the APWine platform. For example, if you generate returns on your DAIs using the AAVE protocol, you will be able to deposit your aDAIs on APWine. You can choose to block them for a period that renews automatically on a weekly or monthly basis. Once you validate the operation, your aDAI if we continue on this example will be blocked on the platform until the end of the period you have defined.
Once you have completed this step of depositing and blocking your funds over a period with the APWine platform, it is now that the protocol takes on its full meaning since you will be able to tokenize your future returns which have not yet been realized. These tokens meet the Ethereum ERC20 standard and you can therefore trade them on any decentralized exchange (DEX) of your choice. APWine has also developed an exchange dedicated to the trade of these tokens representing future returns.
On the APWine platform, you will be able to follow at any time the evolution of the realization of your returns over the period that you have determined. Once the period is over, you can directly recover your returns since they are now realized. In exchange, the associated future yield token is burned.
The pools available on the APWine platform are currently 3, it is planned to evolve quickly with a number of possibilities which will be multiplied. In the meantime, we can already deposit returns from the AAVE, Yearn Finance and Harvest Finance protocols.
A well-supported project that is progressing quickly and well
To take the temperature of a project, it’s always a good idea to watch how it manages to pass the important stages. With APWine, the milestones have been passed successfully and at a steady pace. As proof, the launch of the platform in Beta version was carried out in February 2021, a month later the teams completed a fundraising in seed to the tune of one million dollars.
Let us stop for a moment on this first fundraising because it is worth the detour, we find there in particular the investment funds Delphi Digital and Spartan Group, but also some key players in the decentralized finance sector. We can cite in particular Marc Zeller of Aave, Doo Wan Nam and Gustav Arentoft of Maker Foundation or Simon Polrot, former president ofADAN and founder ofEthereum France and Julien bouteloup, president of Stake Personal-Financial.com who supported the initial launch of the project as a Business Angel.
During this first fundraising, 3 million APW tokens were distributed to the various investors who therefore shared 6% of the total quantity of tokens at a price of $ 0.33 per APW token – all of it. for an initial valuation of the project at over $ 16.5 million.
An important step therefore which allows the core team of the project to expand with the arrival of two full-time developers who are in charge of the technical development of the smart contract part but also the development of the design of the platform. Finally, the team is completed by a community leader whose role is to support and maintain the community. APWine which is growing day by day.
APW, all about the APWine token
How to talk about the project APWine not to mention the APW token, impossible you tell me? Indeed, beyond the fact that the name of the token is integrated like a good glass of red wine in the title of the project, it plays and will play a central role in the latter.
The APW token is built on the Ethereum ERC-20 standard, its role will be important in the governance of the project. Blocking its APW tokens for a certain period of time, which may be up to two years, will thus provide votes to govern the project. The longer you block your APWs over a long period of time, the more power you gain within the governance mechanism.
The importance and usefulness of the token does not end there; in fact, as a holder you benefit from the 5% fees collected by the platform on all the returns that are deposited and tokenized on APWine. Finally, part of the fees collected from the swaps are intended to be redistributed to the holders of the APW token. The cost percentages may change depending on the decisions of the DAO.
The issuance of APW tokens is limited to 50 million. There won’t be one more, and this show will be done on a declining basis over the years. According to the elements provided by the APWine teams, we can see that it is expected to have issued for 32 million tokens 2 years after the launch of the project. What makes the APW rare enough on the market to ensure the value of its course over the long term.
The APW tokens are planned to be distributed in majority (56%) to the community to stimulate the ecosystem through events but also via Airdrops and a liquidity mining program which will notably reward the early adopters of the project, as well as those who maintain trading pairs on decentralized exchanges. On the other hand, investors and advisers share a little more than 8.5% of the total, the team takes 28% and finally the investors who took part in the very recently finalized IDO share 7% of the total. total liquidity.
Feedback on a successful IDO
The last time we told you about the APWine project on Cointribune it was in particular to announce the imminent launch of their Initial Dex offering. This took place from May 19 to 21. If you remember correctly, it didn’t come at the best time: between the tweets ofElon musk and the big market correction, it must be said that APWine had not foreseen that a storm of this magnitude would befall the fresh bunches of grapes. Despite the market storm, the IDO helped distribute APW tokens worth $ 5 million, enough to keep fueling the rocket. The transaction costs having been very high for the majority of the participants in the IDO, APWine plans to quickly carry out an airdrop for the 851 contributors who distribute the first APW tokens available to the general public.
Now that this step is successful, APWine has entered an important audit phase to ensure the security of the protocol. As we know, this phase is essential for DeFi projects which must avoid the bad buzz generated by a security breach in the code.
Conclusion: APWine, the start of a great story
The project APWine, that’s all we love about Cointribune : an innovative DeFi protocol, an ambitious team and strong supporters who provide all the legitimacy that this project deserves. You will have been able to follow the beginnings of this project in preview on the number 1 crypto medium and our little finger tells us that we have not finished hearing about winegrowers in the DeFi world. In any case, we will continue to follow all this closely because after the IDO, the project aims for a new phase on the well-known decentralized exchange. SushiSwap with the APW / ETH trading pair.