Introducing the Apron stable coin — XAPN as the service payment , the XAPN staking and buy-back program will be launched shortly
Apron Network will launch the stable coin — XAPN as the service payment, which is created by pledging APN and will be used by dApp developers and users to pay for the use of the service.
The Apron Network’s vision is to build a decentralized infrastructure service network by providing services over the blockchain. The core of this network is the infrastructure service marketplace which is the one to connect service providers, Dapp developers, and users through the privacy-protecting solution constructed by Apron.
The infrastructure service marketplace is the priority to build the ecosystem. Values are flowing among each participant through the connections made on top of this marketplace.
As we all know, the native coin has more volatility than the stable coin due to the secondary market. At the same time, service providers and users hope to get more positive income instead of the volatility. A unified stable coin system and liquidation basic infrastructure means a lot to the cross-chain unified body. We introduce the XAPN token as planned to represent the values in the infrastructure service marketplace. Here we are going to show more details about XAPN:
XAPN is a kind of stable coin in the Apron Network representing the values in the infrastructure service marketplace. XAPN is created by staking APN. Dapp developers and users use XAPN to pay the fee of using services. The foundation vault and treasury vault will buy back the XAPN with APN/XAPN to maintain the liquidity of XAPN in the service marketplace. All the holders of XAPN will get dividends when the foundation does the buyback action.
The figure below shows the general flow of APN and XAPN.
Treasury Vault collects penalties from the service providers, and the foundation vault contains mining rewards, and we use these two funds to buy back XAPN. Users can stake their APN for XAPN in the staking pool and get dividends when buyback is done.
XAPN will be used as the currency for billing in all the service scenarios in the infrastructure service marketplace. And it will bring more potential opportunities and more significant commercial values for service providers, Dapp developers, and users.
About Apron Network
Apron Network is a decentralized infrastructure service provider based on the Polkadot ecosystem. Apron connects infrastructure service providers to DApp developers with a decentralized service market and provides services for DApp and DeFi developers to help their efficient development and rapid generation of API service interfaces. It uses decentralized billing and payment systems to bring decentralized and anonymous payments to users. Apron Network is implemented based on the substrate framework and can become a para-chain of Kusama.
Apron Network will connect to multiple public chains such as Ethereum, BSC, Filecoin, Helium, including Layer 2, providing developers with low-cost various blockchain ecological infrastructure services in the forthcoming future.
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