Frequently asked questions (FAQ)
- 1. What is Apollo Septem?
- 2. What are the APO tokens?
- 3. Does the APO token have any use case?
- 4. What is the minimum investment?
- 5. Is investment with Bitcoin or fiat currencies possible?
- 6. When will the APO tokens be distributed?
- 7. Why does the presale and ICO last 60 days?
- 8. Who has incurred so far the project expenses?
- 9. What happens if the soft cap is not reached?
- 10. What are the contributions used for?
1. What is Apollo Septem?
Apollo Septem will reshape the art market by directly interfacing the artist and the end customer. It will not be only a traditional online sales platform, but it will instead set the foundation of the artists' self-governance. The project will leverage on blockchain technology to create a truly secure and transparent environment, shifting away and seeking differentiation from today’s oligopoly. For more detailed information, please refer to our white paper.
2. What are the APO tokens?
APO tokens are ERC-20 compatible tokens distributed on the Ethereum blockchain. They will be the fuel of Apollo Septem ecosystem.
3. Does the APO token have any use case?
The token will work as a tool and was designed to:
- Incentivize the supporters of the community;
- Grow as a natural currency for art and artists;
- Reflect the real value of the art industry;
- Protect the artists’ community against inflation;
- Enable and sustain democracy within the community.
4. What is the minimum investment?
The minimum investment in the Apollo Septem presale will be of 0.1 ETH. However there is no minimum investment required in the ICO period.
5. Is investment with Bitcoin or fiat currencies possible?
Unfortunately not. ICO contributions will be possible only with ETH. Don't be discouraged, exchanging fiat or BTC for ETH is actually faster than contributing directly in these currencies, isn't it?
6. When will the APO tokens be distributed?
Our crowdsale smart contract will transfer the APO tokens to your provided wallet straight away after your contribution.
7. Why does the presale and ICO last 60 days?
Apollo Septem is not only delivering a technical evolution of the existing context in the art market, but is in fact leveraging technology to design a new way of doing things. As this is a challenge in itself, the team needs to make sure that all the steps are approached thoroughly, without any shortcuts. A 60 days ICO leaves enough time for all the stakeholders to do their own research and make an educated decision regarding their involvement, while on the other hand, allows the team not to lose focus or discontinue the already ongoing phases towards the first set of deliverables.
8. Who has incurred so far the project expenses?
The early phases of the Apollo Septem project (pre-ICO) have been entirely supported through the co-founders' own contributions.
9. What happens if the soft cap is not reached?
In the event in which the soft cap is not reached during the Apollo Septem ICO, despite the team’s commitment to deliver and match the roadmap milestones, it may occur that some of the deliverables presented in the white paper will be shifted further in the future and/or eventually de-scoped. In this unlikely situation, a review of the roadmap will be considered.
10. What are the contributions used for?
As described in the white paper, the contributions will be used mainly to fund the development and evolution of the Apollo Septem ecosystem and its underlying infrastructure. The other expenses relate to Risk Management, Marketing, PR, Legal & Compliance.