APT Systems Inc. (OTCMKTS:APTY) Launches its Spera Stablecoin on Mainnet
Software and fintech company, APT Systems Inc. (OTCMKTS:APTY) has launched Spera on the Mainnet in preparation for making the Spera stablecoin available for purchase (tentatively on April 30, 2022). Mainnet is a blockchain for transferring digital currency from senders to recipients, while the transaction is recorded on a distributed ledger. It differs from a Testnet, which is essentially the testing of such a transaction.
Market Stats
On Monday, APTY stock soared 13% to $0.0115 with more than 29.02 million shares, compared to its average volume of 13.96 million shares. The stock moved within a range of $0.0099 – 0.0123 after opening trading at $0.0102.
To put it in a nutshell, Mainnets are the actual end products, which make a stablecoin available for the public to use and buy. Spera is a stablecoin, so it is backed by collateral assets to ensure the value of Spera will always be $1.
Spera is being developed so it can work in tandem with the company’s Verifundr digital escrow application, which uses smart contracts in part to serve as a neutral third party to ensure funds are duly released upon both parties fulfilling their contractual obligations. The blockchain-supported portion of Verifundr is ideal for escrow and payment functions, while Spera provides for payments and the simple transfer of escrow funds both domestically and internationally.
In preparation for going live with Spera, APT Systems had created a pre-sale form earlier in 2022. Investors were invited to provide information and give an idea of the number of stablecoins they plan to purchase. Those who signed up will be contacted by the company to become the first purchases of Spera.
Key Quote
“Our team is proud to announce we’ve moved Spera from the Testnet where final testing and quality assurance had been performed, onto the Mainnet,” says Glenda M. Dowie, CEO of APT Systems. “This is an important step before finalizing a dedicated wallet supported by Prime Trust that will accept US Dollars to buy and hold Spera.”
Traders Corner
APTY stock is trading above the 20-Day and 50-Day Moving averages of $0.0090 and $0.0096 respectively. However, the stock is trading below the 200-Day moving average of $0.0138.
