Building on the increasing interest in the possibility of human life in Space, Apollo Space Token (AST) gives users an opportunity to write their names in the stars. AST’s Decentralized Star Naming Registry will allow users to purchase and transfer ownership of any stars named in their registry as an NFT.
What’s making it shine brighter?
Both Apollo Space Token and the Star Naming registry run on the Binance Smart Chain. What makes the platform unique compared to other registries is that each star has an underlying value. Like other NFTs, each star named in the registry will increase in value as demand increases.
AST, the native token will also have a burning and auto staking mechanism. AST ecosystem offers a 2% burn rate for each transaction and a fixed supply cap of only 13 Billion. Tokens aren’t just burned with each transaction, they are given back to the community. So by holding on to AST, users will receive tokens back. AST also functions as the governance token through the AST Foundation which is solely managed by AST holders.
Unlike many Crypto Projects, the 3 developers disclosed their identities and this generated a lot of excitement. The developers have connections to global celebrities and athletes making the project the leading star naming registry on the Binance Smart Chain even hitting $1.5 Million Market Cap just one week post-launch.
Revitalizing the Star Naming Registry Industry
International Star Registry is the first commercial star naming company in existence, dating back to 1979. Their NFT project is a new lease of life for the service. This opens up the conversation of which other industries can be reborn through NFTs.
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This article is educational material.
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