Daylight Protocol has brought another project to the masses in 2023 and we are barely a month into the year! Smooth, easy, stress-free launches are fast becoming the norm for Ted and his team, and I am absolutely loving how spoiled I feel by it!
What is Apollo Galaxy?!
Apollo Galaxy is a daily ROI platform. Part of me rolls my eyes at another ROI platform because I have been in so many but after reading through the whitepaper and understanding what is at the core of the project, my attitude went from slight disinterest to overwhelming curiosity. Follow along and let’s analyze why Apollo Galaxy was an easy choice for me.
How it works
In terms of the mechanics, Apollo Galaxy is very similar to the typical daily ROI project. You buy your tokens ($APOLLO — Contract address 0x32a05625d2A25054479d0c5d661857147c34483D) and deposit them into the contract using the Apollo Galaxy website (Yes, I included my referral in the address, a perk of writing the article. Having said that I only have 1 referral right now!)
Your rewards will be 1% a day with the option to compound or withdraw. Anytime you make a deposit with the same wallet, it resets the timer on your declining tax ladder for withdrawals. This is a clever system to stop people draining the system too quickly.
You cannot grow the maximum value of your investment in Apollo Galaxy. If you deposit 100 $APOLLO, your max payout is 100 $APOLLO * 3.65 = 365 $APOLLO. What you CAN do is increase how quickly you get to your max payout by compounding your investment. This is a little different than most projects of a similar nature so take your time and read it again.
You must wait 24 hours to compound. This stops the hyper-compounding of whale wallets to aggressively reach payout first. It helps to level the playing field. So just sit back and relax and compound your position to the maximum size of 3.65 time your deposit.
Taxes
A strong daily ROI reward program is not worth its weight unless it has taxes to provide sustainability to the system. Here is a list of the taxes and how they exist inside the ecosystem.
- Apollo Buy Tax. When Astronauts purchase $APOLLO, there is an 8% tax. (A 3% $APOLLO burn, a 1% $DAYL burn, and a 4% protocol reserve increase)
- Deposit Tax. When Astronauts deposit their $APOLLO into the Galaxy contract, there is a 10% tax. (A 5% buyback and burn of $DAYL and a 5% $APOLLO reserve reward).
- Deposit Tax with Referral. When Astronauts deposit their $APOLLO into the Galaxy contract, there is a 10% tax. (A 5% award for the ‘referrering Astronaut’ and a 5% $APOLLO reserve reward).
- Compound Tax. When Astronauts compound their $APOLLO, there is a 15% tax. (A 10% buyback and burn of $DAYL and a 5% $APOLLO reserve reward).
- Withdrawal Tax. When Astronauts start to withdraw their $APOLLO from the Galaxy contract, they will pay a withdrawal tax depending on how long their assets have been staked in the Galaxy contract. The tax decreases by 10% every week. (1 Week = 90%, 2 weeks = 80%, 3 weeks = 70%, 4 weeks = 60%, 5 weeks = 50%, 6 weeks = 40%, 7 weeks = 30%, 8 weeks = 20%, 9 weeks = 10%)
- Apollo Sell Tax. When Astronauts sell $APOLLO, there is an 8% tax. (A 3% $APOLLO burn, a 1% $DAYL burn, and a 4% protocol reserve increase)
There are many taxes listed above but if you have been in these sorts of contracts before, they aren’t so different except maybe for the withdrawal tax.
Remember, ANY deposit will reset your withdrawal tax so be careful of your strategy and plan ahead.
Referral system
I touched on the referral system briefly in the Tax section. There are a few additional details to cover.
The daily reward percentage can be increased by increasing the number of referrals in your system AND by having staked an appropriate amount of $Apollo. Whales seeking to abuse the system by gathering large numbers of referrals overnight must have sizeable deposits in the system. This means the whales cannot put in 1 Apollo token and reap the rewards of having 500 followers.
An astronaut can increase their daily reward to 1.25% by having 10 referrals and a minimum stake of 200 $APOLLO.
An astronaut can increase their daily reward to 1.5% by having 25 referrals and a minimum stake of 500 $APOLLO.
An astronaut can increase their daily reward to 1.75% by having 50 referrals and a minimum stake of 1000 $APOLLO.
An astronaut can increase their daily reward to 2.0% by having 100 referrals and a minimum stake of 2000 $APOLLO.
An astronaut can increase their daily reward to 2.25% by having 150 referrals and a minimum stake of 5000 $APOLLO.
An astronaut can increase their daily reward to 2.5% by having 250 referrals and a minimum stake of 1000 $APOLLO.
This is a great but responsible way to reward users who are growing the community without draining the coffers and leaving the small players holding the bag.
Conclusion
Ok here is the best part for the unintiated. $APOLLO never goes down in value. Think about the power of that sentence. $APOLLO never goes down in value. Something most people suffer from in terms of daily reward programs is the inflationary nature of the system. You are chasing to increase your deposits and take some profit while the price drifts hopelessly downward.
When $APOLLO does not decrease in value, your investment will only increase in value. If that doesn’t make this project worthy of investing a hundred bucks, a thousand bucks or more… then I don’t know what does! Having said that, this is not financial advice, all investments have risk and you should do your own research.
Having said that, I bought some Apollo and deposited it into the Galaxy Contract.
Show Your Support
Everything I write is free from sponsorship, ads and influence. All my writing is for entertainment purposes, is not financial advice, and is solely my opinion. If you find this information useful, please use the wallet address below and show your support.
Wallet address 0xde4F6A37a3328F4471D0e3e0a34A2144660D9fBc
If you are excited to join the Apollo Galaxy community, please consider using my referral code.
https://galaxy.apollolaunch.tech/?ref=0xddb9881c2098c58f0981AFeD8A044Dce7a9125D7#/about
