Aptoslaunch Annoucmenet (25/09/2022)

1. Integration with Pontem wallet begins, because Pontem wallet is now providing swap function directly in the wallet, which facilitate project owner to do add/remove liquidity directly on our platform. Also the ability to check up the price constantly.
2. We are now receiving more than 20 Aptos project apply our launchpad services. We are trying to reach out to each of them. Please be patient and stay tune for the projects.
3. We are happy to introduce the first insurance feature in launchpad services. We have engineered an insurance feature to limit any potential downside and protect the user’s principal capital. For example, if a user buys the IDO around a launchpad project, the user can choose to add a % of invested funds to buy insurance using ALT tokens. The ALT tokens will then be sent to the AptosLaunch Insurance Fund. The AptosLaunch Insurance Fund will then cover any potential loss of the user’s principal capital for the next 60 days — on the 60th day since the IDO launch, if the TWAP is less than the IDO price, the AptosLaunch Insurance Fund will cover the differences to the user, so the user’s principal capital is well protected. On the other hand, if the project does well, the user’s return will be infinitely% — % paid in insurance costs.

• Clients can determine if they want to purchase the insurance
• The insurance fee is determined by Equity Risk Premium model — relative record Approach — Insurance % charge assessment
• All the insurance fee will go to the insurance pool directly •
• The fund will be used to repay the loss of IDO investment
• After 60 days, DAO will calculate the average peak price of 60days (UTC+0), If the price dropped below the IDO price, the difference will be covered.

Check out our AMA from last night here https://aptoscn.notion.site/Aptos-AptosLaunch-9bdd9adb8e3144e0885ff86acb276d95