Apollo Space Token (AST), which is based on the growing interest in the possibility that human life exists in Space, allows users to add their names to the stars. Apollo Space Token’s Decentralized Star Naming Registry allows users to buy and transfer ownership of any star named in their registry as an NFT.
Star Naming Registry allows users to buy and transfer ownership of any star in the sky.
The Binance Smart Chain is used for both Apollo Space Token and the Star Naming registry. The uniqueness of the platform is its underlying value. Each star in the registry, like other NFTs will see an increase in its value as more people request it. The native token Apollo Space Token will have an auto-staking and burning mechanism. The Apollo Space Token ecosystem has a fixed supply limit of 13 billion and a 2% transaction burn rate. The tokens are not just burned after each transaction; they are also given back to the community. Users will get tokens back if they keep their AST. Apollo Space Token is also used as the governance token by the Apollo Space Token Foundation, which is managed solely by AST holders.
The 3 developers revealed their identities, which was a departure from many Crypto Projects. This generated lots of excitement. The project is a star-naming registry that has connections to athletes and celebrities around the world. It even reached a $1.5 million Market Cap in just one week after launch.
Reviving The Star Naming Registry
International Star Registry was founded in 1979 and is the oldest commercial star naming company. The NFT project gives the service a new lease on life. This allows us to discuss how other industries could be revived through NFTs.