ApolloFi: The First Multi-chain SocialFi Platform that advocates Social to Earn

June 02 05:48 2022

Introduction: ApolloFi is a SocialFi project that advocates Social to Earn. It is the economic platform for creators based on Polygon, Ethereum and BNB Chain.

It’s no secret that social media is changing how we think about privacy and ownership of content online. With the increasing centralization of social media, the development of cryptocurrencies and decentralized technologies behind them has accelerated the privacy, data protection, and creator economy thinking.

In a decentralized social network represented by the blockchain technology, technology has subverted our previous cognition and started the rise of new forces. ApolloFi’s social network is a network open to everyone. This is the essential difference between us and social media such as Twitter and Facebook that are monopolized by real-world corporate interests.

Just like the butterfly effect of Bitcoin, ApolloFi also tries to stimulate the economic surge of creators with the new Social to Earn model, providing simple and convenient social tools for hundreds of thousands of users to build a free and diverse paradise for creators.

What is ApolloFi?

ApolloFi is a SocialFi creative platform. It is the first web3 multi-chain (Polygon, Ethereum, and BNB Chain) social platform that uses the Social to Earn and Merge NFT Fragments models to allow users to socialize in a free environment.

What are the functions of ApolloFi?

As a social platform rooted in the fertile soil of web3, ApolloFi has five functions: Social, NFT, DeFi, Launchpad, and DAO.

Social (Social to Earn)

Social is the soul of ApolloFi. Users can publish content on the ApolloFi platform (unlimited subject matter, region, race, etc.) and mint it as NFT. According to the Social to Earn incentive mechanism, users can get more social rewards by publishing content and increasing social interactions (number of fans, likes, comments, invited friends), etc. That’s why we call it the SocialFi platform.

In his book Understanding the Medium: On the Extension of the Human Being, Marshall said that all media are an extension of the senses, which are also the ”fixed charge” of our physical energy. The human senses also form the perception and experience of each person.

In the world of web3, Social is the primary condition to be able to have sensory experiences. Your behavior will manifest through social content creation, community participation, and DAO governance; and you will also get benefits for these. The commercialization properties of the content you produced, the work you shared, how it disseminates, its value-added space, etc. will maximize your monetization through Social.

NFT

NFT is the entrance to ApolloFi for users. It also serves as the proof of users’ on-chain assets on ApolloFi. Holders of NFT can get more rewards for the same period and the same behavior compared to non-holders. The more you upgrade your NFT, the more token rewards you get. In our NFT system, users can get lottery boxes, win fragments according to their social behavior, and then synthesize fragments to upgrade NFTs.

At the moment, owning the ApolloFi NFT is much more than just having an NFT. Owners of each NFT have the power to voice their concerns publicly through the NFT and make the world know their ideas! This means the NFT owner possesses the on-chain programmable rights for the NFT. When you sell your NFT, you transfer your right to change the programmable settings of the NFT to the new owner. Displaying your collection of ApolloFi NFTs will become a new social trend.

DeFi

ApolloFi plans to launch derivative DeFi products. Users will be able to use tokens in single-currency staking, LP staking, etc. traditional DeFi tools. In the future, we will also provide financial products such as NFT staking, NFT lending, and NFT insurance.

NFT Level

Mining Weighted Base

Single-Currency Mining Multiplier

LP Multiplier

Level A

10,000

1.1

1.1

Level P

15,000

1.2

1.2

Level O

20,000

1.5

1.5

Level L

40,000

2

2

Level F

80,000

4

4

Level I

200,000

10

10

Table: NFT benefit multipliers

Launchpad

Launchpad is ApolloFi’s NFT marketplace. Users can buy NFTs by joining whitelists. In the future, Launchpad will also support trading of NFT fragments and NFT fragment mystery boxes in case users need an NFT upgrade.

DAO

ApolloFi DAO is in the works. You will be able to invite friends to socialize and review content, unleash the power of users, explore the possibilities of governance, and see how the future of decentralized governance unfolds.

In ApolloFi’s DAO experiment, when users hold a Level O (Level 3) NFT, they can participate in the DAO review and governance of the whole ApolloFi ecology. At the same time, as users upgrade the level of their NFT, they increase the number of reviews and weekly invitee rewards they can get on ApolloFi.

We strongly believe that DAO will be the way to share the value of ideas with the community. ApolloFi DAO will provide an equal and accessible governance environment for everyone. This will be the best practice for members to create, distribute, and capture value, share ownership, have a common mission, and create digital consistency together.

The Future of ApolloFi

Since the project’s launch in late 2021, ApolloFi has built a strong and active community that has been growing exponentially. ApolloFi recently adopted LayerZero’s Omnichain solution for NFT liquidity and flexibility through NFT cross-chain transfers. ApolloFi NFTs have launched. Users can trade them on OpenSea and tofuNFT.

ApolloFi plans to launch the second round of public testing and distribute token rewards in early June. At present, ApolloFi NFT airdrop is ongoing. Holding this NFT will increase your social rewards on ApolloFi. There are two ways to get the ApolloFi A NFT airdrop:

1. Complete the Gleam form: https://gleam.io/mwQF9/apollofi-a-nft-giveaway

2. Invite at least 30 valid invitees at https://app.apollofi.xyz/ and enter the Top 300 (Invitees must post content to be considered valid).

Learn more about ApolloFi:

Website: https://www.apollofi.xyz/

Twitter: https://mobile.twitter.com/ApolloFi1

Discord: https://discord.com/invite/x6meghMypv

Media Contact
Company Name: ApolloFi
Contact Person: Hally Cooper
Email: Send Email
Country: Singapore
Website: https://www.apollofi.xyz/

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