“Luck is what happens when preparation meets opportunity.”
Lucius
Introduction to The APXCOIN
Overview of the APX Group Ecosystem:
The APX Group ecosystem is a decentralized platform that provides services for the entertainment industry. The platform is designed to streamline the distribution process of movies and other forms of entertainment. The ecosystem includes Decentralized Pictures, DCP, a decentralized film distribution platform that allows filmmakers, among others, to finance and distribute their movies directly to audiences without the need for traditional distribution channels.
This white paper outlines the features and benefits of the APXCOIN, a utility coin minted on the T4L3NT Net blockchain created by Decentralized Pictures (DCP). The APXCOIN is designed to be used as a payment mechanism and governance tool for the APX Group ecosystem.
The T4L3NT Net is a decentralized proof-of-stake consensus blockchain that is designed with security and transparency in mind for the entertainment industry. This paper will provide an overview of the T4L3NT blockchain network and its features.
Features of the APXCOIN:
The APXCOIN is a utility coin designed to facilitate payments and governance within the APX Group ecosystem. The coin is based on the Tezos blockchain, which provides a secure and transparent platform for transactions. The APXCOIN can be used to purchase services within the APX Group ecosystem. Additionally, the coin can be used to participate in the governance of the ecosystem. APXCOIN holders will have the ability to vote on important decisions related to the platform, such as changes to the platform's rules and regulations.
The APXCOIN is designed to be scalable, with the ability to handle large volumes of transactions quickly and efficiently. The Tezos blockchain is capable of handling up to 40 million transactions per second, making it an ideal platform for the APXCOIN.
Benefits of the APXCOIN:
The APXCOIN provides several benefits to users of the APX Group ecosystem. These benefits include:
1. Lower transaction fees - By using the APXCOIN as a payment mechanism, users can avoid the high fees associated with traditional payment methods, such as credit cards and bank transfers.
2. Faster transaction times - Transactions using the APXCOIN can be processed quickly and efficiently, allowing users to complete transactions faster than with traditional payment methods.
3. Increased security - The Tezos blockchain provides a secure and transparent platform for transactions, reducing the risk of fraud and other forms of financial crime.
4. Governance - The APXCOIN provides a mechanism for users to participate in the governance of the APX Group ecosystem. By holding the coin, users will have a say in important decisions related to the platform.
EXECUTIVE SUMMARY
Cryptocurrencies have grown exponentially since their creation in 2009, with the total cryptocurrency market capitalization currently standing at over $980 billion. While growth has been strong, the market capitalization of cryptocurrencies as a whole is still only a fraction of that of the S&P 500 - which is itself only a fraction of the global stock investment market. There is still room for considerable growth.
There are now thousands of cryptocurrencies to choose from, with more appearing each day. Choice paralyzes - choice adds cost, complexity and the need for advice. High risk, extreme volatility and practical difficulty compound to render buying and safely storing an effective and diverse portfolio of coins (cryptocurrencies) a complex problem.
APXCOIN is the world’s first cryptocurrency utility tokenized currency service-based asset and aims to provide a solution to entertainment funding worldwide. APXCOIN is not a platform, it is a fully functioning product.
APXCOIN can offer such service-based investment because it is independent and automated. APXCOIN strategies are a set of rules that an algorithm can act on with no human intervention required.
APXCOIN is a utility token that is representative of a portion of the total value of the APX cryptocurrency ecosystem which will include NFT’s and other metaverse products originating from the IP associated with the investment in entertainment. The tokens can only be acquired during the token investment process. The tokens provide entertainment-based services such as production, postproduction, Visual Effects etc. APXCOIN is a Utility token based upon the Tezos blockchain. Operating on the blockchain allows for global accessibility, 24/7 trading, transparency, public verification of APXCOIN’s holdings.
APXCOIN’s value will be protected - it will be irrational to sell at a price lower than the tokens share of the underlying investment assets if a higher price is offered via the smart contract. Token holders are free to sell or exchange their tokens at any time and pay no exit fees, broker fees or advice fees.
Security is extremely important, and the smart contract code was audited by an independent third party. Expert advisors were consulted, best practices implemented, and strong identity verification procedures put in place to prevent Sybil attacks and bad actors from compromising APXCOIN.
All trading data will be stored during APXCOIN’s operations - this valuable data includes order books, pricing, coin volumes and more.
In conclusion, APXCOIN is a tokenized utility cryptocurrency.
“Don’t look for the needle in the haystack. Just buy the haystack!”
– Adi Cohen, founder of the APX Group and inventor of the APXCOIN.
Based on the Tezos blockchain, T4L3NT Net provides a secure and scalable platform for transactions. It provides several benefits to users, including:
1. Security - A secure platform for transactions, reducing the risk of fraud and other forms of financial crime.
2. Transparency - A transparent platform for transactions, allowing users to track and verify transactions in real-time.
3. Scalability - Ability to process large volumes of transactions with very low transaction fees, making it an ideal platform for the entertainment industry.
4. Decentralization - A decentralized network, providing users with greater control over their data and transactions.
Features of the T4L3NT Blockchain Network
The T4L3NT network provides a number of features that make it an ideal platform for the entertainment industry. These features include:
1. Smart Contracts - Smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. This allows for secure and transparent execution of transactions. Contracts on T4L3NT Net can we writted in multiple coding languages including SmartPY, Ligo, Typescript etc and can be compiled down to michelson which is scientifically verifiable to increase security and reliability.
2. Tokenization - Allows users to create and trade their own tokens contracts. This provides a flexible and efficient way to manage assets within the entertainment industry.
3. Digital Identity - Allows users to securely and transparently manage their identity on the platform.
4. Governance - Allows users to participate in the decision-making process related to the platform and upgrading the protocol.
Conclusion
The T4L3NT blockchain network is a decentralized ledger designed to provide a secure and transparent platform for the entertainment industry. As the entertainment industry continues to grow, the T4L3NT blockchain network is poised to become an essential component of the ecosystem and help to empower filmmakers to create and experience entertainment in new and exciting ways.
Abstract Description of the Concept of APXCOIN
APXCOIN CRYPTO is not a platform, rather it is a fully functioning product, and its token value is not based on speculation but rather the product benefits and net asset value of the APX Group activity worldwide. There are no broker fees, advice fees or exit fees.
I. INTRODUCTION
The benefits are simple and many: convenience, no broker fees, no exit fees, full transparency, full control and a lower price bound. There is no need to keep your APXCOINS on a centralized platform and you are free to sell or exchange your tokens without restriction. Automation allows APXCOIN to operate with fees of only 0.05% p/a as opposed to the market average of 3% p/a.
No trust is required in the ability of human fund administrators/traders – an APXCOIN fund strategy does not require any discretion or judgment, just adherence to a method determined via data science. The number of tokens, rebalancing frequency and asset weightings were carefully determined, and our approach is detailed in this white paper.
The APXCOIN funds will be used, among others, to buy several underlying assets and primarily to fund investment activity in entertainment in general and in film and TV production in particular. Tokens can be liquidated through any wallet platform that supports Tezos blockchain smart contract. This is key: it protects the token price as it would not be rational to sell at a lower value on exchange when tokens can be directly liquidated s services for a higher value.
The total market cap of the S&P 500 (2022) was 40.17 trillion USD [1] while the entire combined cryptocurrency market cap is only a fraction (approximately 0.7%) of this [2]. The S&P 500 is only a small part of the global investment market. There is thus still significant potential to introduce retail investors into the crypto market.
APXCOIN will be of benefit to the community as a whole – market transparency and liquidity will increase as a result of our investment activity. We will bring fresh support, funding, and understanding to the community. Conventional Investors who were uncertain about investing in a single technology or system will now have an option to support the emerging cryptocurrency market through APXCOIN.
II. SMART CONTRACT SPECIFICATIONS
Reasons for Choosing the T4L3NT Blockchain:
● Security and predictability (as opposed to, for example, having to run a separate blockchain),
● Use of robust and well-supported clients
● High liquidity,
● Easier listing on exchanges with infrastructure already in place,
● Smart contracts enable a very transparent way of offering a liquidation option.
The smart contract complies with the BEP20 token standard [8] and can be used from any compatible Tezos wallet. The contract code facilitates an APXCOIN crowd-sale by specifying a start and end block number to restrict certain functions. The token price ratio is adjusted dynamically throughout such that token price tracks APXCOIN that can be linked to top 20 crypto.
The smart contract has a two-tier control functionality which gives two controlling wallets different levels of authority. This allows future blockchain development and full on-chain automation without sacrificing the control.
III. LIQUIDATION OPTION
High-volume traders may seek to exploit pricing to the detriment of the community by initiating sell-offs that cascade and result in flash crashes so that they can purchase the cheap tokens. The liquidation option offers a price floor protection through the value of the services rendered in exchange for the token – this ensures the price never drops below that of the underlying assets because of market manipulation. Prices are, however, free to increase as speculative value is created by the high demand for a low-cost, diversified and automated cryptocurrency portfolio that can be held as a single token.
A small, dynamically allocated percentage of APXCOIN will be held by the smart contract (in bnb) to facilitate the liquidation option. This amount will be controlled automatically as usage demands. The vast majority of other cryptocurrency assets will be held in various cold storage wallets.
IV. SECURITY & TRANSPARENCY
APXCOIN CRYPTO has implemented security industry best practices for defense against Sybil attacks and bad actors in co-operation with our team of expert advisors. Strong identity verification and authentication procedures are in place to ensure secure operations.
The smart contract code has been thoroughly audited by the third party for vulnerabilities, confirmation of operation as described in this White Paper, static and manual analysis of the smart contract, gas analysis and verification of the deployment procedure.
Transparency in APXCOIN trading activities and current holdings will be ensured through the use of view- only exchange APIs as well as through proof of reserve for non-exchange wallets (this includes both hot and cold wallets).
Ledger Nano Ss [12] will be used for the storage of all cryptocurrencies it supports. For all cryptocurrencies not supported, encrypted USB drives will be utilized. These storage devices will be held in secure safe deposit boxes with back-up paper-wallets stored at separate secure locations. Locations are undisclosed for security consideration.
Wallet interactions with APXCOIN will be facilitated through light clients running within their own containerized services. See the AUTOMATION section for additional detail.
V. AUTOMATION
APXCOIN will be automated via API integration with multiple exchanges. The full list of exchanges utilized will be available on our website soon. Additional exchanges will be added when vetted and APIs with the minimum sufficient functionality are made available.
The liquidation price of the APXCOINS will be determined through the use of an exchange service developed by APXCOIN. Automation of liquidation price updates are an essential part of smooth business operation; however, automation can also expose security risks due to the necessity of online private key storage. We circumvent this risk by implementing a two-tier permissions system, with multiple addresses allocated only the necessary permissions to fulfill a particular task, such as updating the liquidation price. This strategy enables risk-mitigating automation without having to store crucial private keys online.
APXCOIN system architecture makes use of a microservice design pattern, incorporating messaging and task queues with full event logging. Isolating services that can act as potential attack vectors from the rest of our systems will enable us to enforce tight security preventing the kind of breaches some other ventures have seen.
VI. MARKETING AND INVESTOR RELATIONS
The APXCOIN team will invest significant time and effort into marketing targeted towards investors in the traditional financial sector via the production of information sheets, explainer videos and planning documents that are easily understandable. Token holders will be able to view detailed information on their APXCOIN. APXCOIN will focus marketing efforts solely on service-based entertainment markets. No promotion or solicitation will be performed where participation is forbidden or likely to be forbidden in the near future in order to remain compliant with local legislation.
VII. CONCLUSION
A hybrid market-cap weighted (10%) APXCOIN strategy portfolio consisting of the top 20 coins by market cap, without allowing a single asset (and thus a single source of risk) to dominate.
APXCOIN is poised to set a new standard for cryptocurrency entertainment investments. As a transparent, secure and directly service-based asset. APXCOIN aims to bring low-fee, broad market exposure entertainment investment to the mainstream with its innovative single token offering.
