Advanced Parimutuel Options

The central part of the APO platform is a smart contract on the Ethereum network. The main functions assigned to it are:
- Guarantee of protection for participants
- Conducting the auction
- Acceptance and storage of premiums until expiration
- Keeping a list of option owners
- Execution of payments at the time of expiration
- Charging a commission for operations

The role of APO Finance is to develop and maintain the platform, ongoing maintenance and modernization. It does not have a role to play in securing funds, which distinguishes this platform from centralized exchanges where a collapse of the exchange causes default for the participants.

Trades on the platform have the following differences from centralized exchanges:
- There is no spread between bid and ask, due to the fact that there are no sellers.
- There is no risk of a stock market crash, since the common pool is on the Ethereum network and at the time of the auction exact payments are calculated in all situations.
- Purchase of new options can only be carried out during the auction.

In APO no margins are required - an ideal instrument for miners as well as investors to guard against a falling market.

The trading process is divided into two stages - auction and expiration. The platform does not participate in trading as an organizer, but does charge a commission for facilitating the trade, part of which will be distributed amongst the token holders