Detailed explanation of AAPL's "elastic stable currency mechanism" of "debut is consensus"
Since its launch on September 2, the elastic stablecoin project ApplesCash ($AAPL) has pledged more than $10 million in pledged assets within a few days, ranking among the top 30 Uniswap trading pairs. What are its characteristics?
This is because ApplesCash ($AAPL) combines the dual characteristics of "YFI liquidity mining" and "Ampleforth elastic stablecoin token model". First of all, Apple Coin $AAPL is issued and launched through the mechanism of liquidity mining, which is borrowed from the YFI project. When the liquidity mining is over, Rebase starts. Its exquisite "elastic stable currency" mechanism gives ApplesCash ($AAPL) room for imagination. This will be explained in detail later. Let's first look at the liquidity of Apple's $AAPL The market performance of mining.
The total circulation of Apple Coin $AAPL liquidity mining tokens is 100,000 pieces. There is no pre-mining and no team proportion. Everything is open and transparent. Pool 0 will open on September 2, and the mining speed will be halved every 24 hours. To participate in Pool 0, you only need to mortgage sUSD tokens to the official website of www.ApplesCash.com, and you will be able to be fed $AAPL rewards. Pool 1 will open on September 3, and the mining speed will be halved every 72 hours. Pool 1 mining needs to mortgage the $AAPL-sUSD trading pair at the same time, and you can get $AAPL rewards. Users can also choose two pools to dual-dig at the same time.
At present, Pool 0 has been carried out to the 4th day, and Pool 1 has been carried out to the 3rd day. The earlier you enter the market, the more coins you can mine. As of September 5, the annualized rate of return of Pool 1 was around 14133%. In the overall downward environment of the market, the rate of return of Apple Coin $AAPL is extremely impressive. It has bucked the trend and has become an aggregator of many current funds.
Next, let's talk about the design of ApplesCash ($AAPL) - the "elastic stable currency" mechanism.
What is an Elastic Stablecoin? The concept is simple. First of all, the currency value must be very stable, anchored at 1 US dollar. When the $AAPL currency price fluctuates, the currency supply in the market will be changed by issuing or destroying Apple Coin $AAPL, and the currency price will be adjusted back to $1 by using the supply and demand relationship of the currency amount.
Let's take an example to illustrate this mechanism. For example, the original price of $AAPL is $1, and you hold 100 $AAPL. If $AAPL appreciates to $1.5, in order to maintain the $1 price anchored by $AAPL as a stablecoin, an additional 50% of the currency needs to be issued and distributed directly to currency holders in proportion. That is to say, the price of $AAPL in your hand falls back to 1 dollar, and the amount of $AAPL in your hand changes from 100 to 150. To sum up, if $AAPL appreciates, additional issuance will be made to bring the currency price back to $1. When $AAPL depreciates, it will be destroyed and the currency price will return to $1.
Although it is not possible to speculate on currency prices like speculating on Bitcoin, it is still possible to "speculate the amount of currency" through the inflation/deflation of the number of tokens. What's even more rare is that while speculating on coins, the price of the coins can be kept stable. Don't underestimate this "coin price stability". When you can't use Bitcoin to measure the value of an apple, but you can use the value of $AAPL to measure the value of an apple. Because one $AAPL is only worth $1 forever. Its stable price attribute will bring it unlimited application scenarios. A small apple coin $AAPL, those who want to speculate in coins, and those who want to use it as a stable currency application to make applications, the left and right hands are clearly arranged.
So did you find out? Applecoin $AAPL is the native stable currency. What's the meaning? There is one USDT, one sUSD, one USDC, etc. on the market. What is the anchor behind these stablecoins? It is legal currency. A blockchain token anchored to legal currency, not a native blockchain token. In this way, no matter which one wins the PK between the blockchain token and the legal currency in the future, you will lose. Apple Coin $AAPL is different. It is completely derived from its own design mechanism. It is original, independent, and can compete with legal currency. It is expected to surpass the status of USDT in the blockchain.
Monetary policy is adjusted by dynamically changing the amount of currency held by each person. This theory was put forward by economists more than a hundred years ago, but it has not been able to be applied to the traditional world. What is it like in real life? According to the principle of flexible money supply of Apple Coin $AAPL, if Yangma prints 10% currency and inflation is 10%, then the bank savings rate should also be 10%. Because all people, increase in the same proportion. But in the real world, the bank savings rate is only 0.3%. Why is this?
The reason is that the distribution is uneven. Let’s take a positive example: For example, when the national power becomes stronger and assets increase, the government needs to print and issue more currency. However, the additional currency issued by the central bank is not directly issued to residents, but is completed through the process of "the central bank issues currency to commercial banks" and "commercial banks then lend to enterprises or individuals".
There will be a problem in the middle, that is, who can get the loan in the end? Compared with private enterprises, some state-owned enterprises are easier to obtain loans and enjoy lower capital costs even though their labor efficiency is not as high as that of private enterprises. This contradiction is a typical Matthew effect. In other words, the traditional currency issuance is not enjoyed by everyone in the same proportion, and some groups cannot enjoy the benefits of currency issuance.
The "elastic money supply" mechanism perfectly solves this problem, and it can adjust the number of tokens in each person's account in the same proportion. This is something that traditional physical currencies cannot do. Even if the country currently issues digital currency, it will still be dominated by banknotes in the short term, and it is difficult for physical currency and electronic currency to be linked, counted, and regulated.
ApplesCash ($AAPL) refines the "elastic stablecoin" model. For example, it is stipulated that when $AAPL deviates from the anchor price of 5% of USD 1, Rebase will be triggered, that is, inflation/deflation will be triggered only when it exceeds USD 1.05, and inflation/deflation will be triggered when it falls below 0.95. , when the inflation/deflation rebase is decided, it will be released and adjusted linearly in the next 10 days to ensure the stable return of the currency price. This method is called its smoothing mechanism.
For example, when the price of Apple Coin $AAPL rises from $1 to $1.2, an additional 20% will be issued. If you have 100 Apple Coins $AAPL in your hand, you will receive an additional 20. These 20 tokens will have a smoothing mechanism, that is, they will be distributed evenly over 10 days. You only received 2 tokens the next day. If the currency price fluctuates again at this time, the Rebase plan will be readjusted, and the tokens will be issued according to the smoothing mechanism the next day.
When adjusting the amount of currency in order to maintain the stability of the stable currency price, although inflation and deflation are the same, they are both normal and a means. But a healthy growth project will have long-term slow inflation. Why is this? For example, if the project quality of Apple Coin $AAPL is improved, the consensus is enhanced, and the ecology is more prosperous, then $AAPL will appreciate. At this time, Rebase will adjust the price of Apple Coin $AAPL to stabilize at $1 through inflation, and the amount of currency will be increased at this time. In the long run, with the gradual development of the Apple Coin $AAPL project, it can be expected that the Apple Coin $AAPL will embark on a path of slow inflation. Then, for the holders of the currency, although the price of the token is still $1, the amount of currency in their hands has slowly increased, which is an intangible increase in the return on capital investment.
Having said that, no matter how the amount of Apple Coin $AAPL is rebase, the proportion of your holdings will remain the same. That is to say, the $AAPL token is "anti-dilution". This gives Apple Coin $AAPL a "share certificate" attribute. Can I still be a shareholder with $AAPL? Yes.
Once the 100,000 Apple coins $AAPL are mined, it is equivalent to the shareholding ratio of ApplesCash ($AAPL) has been finalized. Unless the $AAPL token is traded with others in the later stage, the shareholding ratio has been determined. At this time, as a shareholder of Apple Coin $AAPL, if the project develops well, you will have more tokens and your income will be higher. From then on, we share the same breath and fate with the Apple Coin $AAPL project. Such a connection enables the "shareholders" who hold the currency to have incentives to contribute to the community and support the development of the project.
From the current point of view, Apple Coin $AAPL has only been online for three days, but exchanges, wallets and other ecosystems have begun to continuously support Apple Coin $AAPL. In terms of revenue, the market value of ApplesCash ($AAPL) has approached $20 million. The miners who mined early have enjoyed the benefits of several times the price of the currency, and they are still increasing their positions and using the old coins to mine new coins in Pool1.
At present, there are still 40,000 Apple coins $AAPL that have not been dug out. After all the liquidity mining is completed, it is believed that Apple Coin $AAPL, which has been upgraded to the attribute of "elastic stable currency", will have some room for imagination in the future.
