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Crypto Loss Protection Plan
You heard it right! Apollo Ventures has launched the FIRST crypto insurance product for the Apollo Presale platform! By staking NFTs on the platform you can earn from 25% to 100% of your initial presale investment in any vetted project that rugs or has an exploit and ends the project.
These NFTs are from the 5000 collection.
Full terms document will be issued prior to NFT staking platform launch
Here are the general terms
1 NFT Staked = 25% Back
2 NFTs Staked = 50% Back
3 NFTs Staked = 75% Back
4 NFTs Staked = 100% Back
Each wallet can put in a claim 6 times per year and no more than 1 claim in a calendar month.
Investor must have bought into the project on Apollo during presale
PROJECT REQUIREMENTS TO BE COVERED
- Must have a vetted tag on presale
- Liquidity must be locked for longer than 6 months
WHAT WE COVER
Within 6 months of launch the project fully rugs or has a code exploit which shuts down the project
HOW THIS INSURANCE WILL BE FUNDED
30% of the revenue from the public minting of the Apollo Pups NFTs will be added to a VC fund along with 20% of all fees generated from the presale platform. These funds will be invested in yield farming, private sales of vetted projects, capital investments in platforms as well as a mix of stable coins.
Further details are to come prior to the staking platform launch.