Have you heard of a cryptocurrency called, Apollo?
Perhaps you haven’t. But if not, then you soon will.
How Did You Hear of it CryptoMedication?
A good friend of mine (yes, really) reached out to me about this project because they were absolutely convinced that this project had the potential to change the face of crypto itself.
Now, these claims were pretty grand, so I had to take a look into it myself to get a better idea of what this ‘Apollo currency’ is all about.
So, What is It?
Well, for the time being, it’s currently an ICO (we’ll get into this a bit later).
But per the team’s website, Apollo Currency is, “The World’s first all-in-one cryptocurrency incorporating every useful feature utilized in top tier currencies and combining those with unmatched privacy, all in a single decentralized platform.”
Apollo, from what I see on their website, appears to be a ‘platform’ and the Apollo coin is a constituent of this platform.
On the website (https://apollocurrency.com), there are a host of different features that will be integrated onto the platform, but the first one that I want to hone in on is the ‘Olympus Protocol’.
By definition, the Olympus Protocol:
So, there are a few key things that I want to hone in on from the definition that I posted above, because it tells us a lot about this coin and the direction that the team wants to take it in.
We now know that:
· Apollo is a privacy coin.
· The coin is designed to include a protocol that will allow users to send their transactions publicly or privately — giving choice.
· The team is hoping to use the Olympus Protocol to make the coin itself censorship resistance (i.e., prevent 3rd-party entities from prohibiting access or payments).
These are all pretty solid features!
Let’s see what other features one can glean from the Apollo platform
It looks like the developers are planning on including:
A Decentralized Exchange
Integrating $NXT Technology to Create a Next-Generation Blockchain
A Blockchain That Enables Users to Use Cloud Storage
Advanced Account Control
A Monetary System
Wow That Was a Load of Information
I know that it was a load of information, so let’s unpack these things and get a better idea of what each facet of Apollo’s platform and coin will do, shall we?
Staying true to its promise of becoming the ‘ultimate cryptocurrency’ and privacy coin, the Apollo platform plans on releasing an aliasing system that will allow users to encrypt certain messages and information that is placed on the blockchain. In this way, the actual Apollo coin cryptocurrency is being utilized in a way that most other coins are not.
Not only that, but it’s also providing a secure and anonymous way to transfer information between one individual to the next. So, in this way, the Alias System sort of kills two birds with one stone, so to speak.
The fact that there is cloud storage that will be integrated within the platform is absolutely genius. When I first read the alias system, I had some fears about what it could potentially encourage. Without knowing the size of the blockchain (yet, we’ll get into that soon in the whitepaper!), and how objectively large most files worths haring with other individuals can be, I had some doubts on whether sending this information directly on the blockchain itself would be a prudent move.
However, the fact that there is cloud storage integrated within the blockchain as well makes it invaluable. It also ensures the legitimacy of the information being stored because it presents itself as a reliable means of accurately tracking when certain information was submitted via timestamp.
Thus, the immutability of blockchain technology is effectively exploited with this feature.
Apparently, this is a very smart idea because Amazon actually enacted the same feature with the Ethereum blockchain protocol. It just appears that the folks over at Apollo were smart enough to make the decision to implement this integration on their own rather than relying on a centralized, third-party company that they have no control over do it themselves!
This feature is a HUGE key (no pun intended) to helping ensure the security of wallets on the Apollo blockchain.
However, before I get into the awesomeness of this feature, let’s take a step back for a second and get a grasp on what ‘multisignature’ means as it pertains to cryptocurrency.
Per official definition from the Bitcoin wiki, “Multisignature (multisig) refers to requiring more than one key to authorize a…transaction. It is generally used to divide up responsibility for possession of [a cryptocurrency].”
So, from that description, it’s pretty easy to decipher the latent benefits in taking advantage of one’s ability to use multi-signature allets versus single-signature ones.
What makes Apollo entirely unique in this regard is that there are few, if any, other cryptocurrencies that have a team that has directly employed such technology. Once again, these features are usually installed on wallets that are created by centralized, third-parties.
Perhaps the best part about this facet of the Apollo protocol is that it allows for ‘phased transactions’, which are defined on the website as, “Transactions set up to occur after a certain condition is met.”
If you’re thinking what I’m thinking, then you know that this means that the blockchain will have something similar to a smart-contract type of platform, which is always a major plus.
With the implementation of such a platform that allows for multi-signature transactions, there will obviously be many conglomerates that use the blockchain in the future.
Thus, the voting system that users can opt to use will be infinitely valuable to all of those that wish to gather a consensus on their next course of action in a decentralized manner (without a figurehead in place).
Advanced Account Control
This, perhaps, is one of my favorite features that will be implemented on the Apollo protocol. This one directly speaks to the principle of decentralization that I mentioned above under the ‘Voting System’ section.
On the website, it explicitly states that, “Accounts can be created in a way that allows group control. Utilizing the Apollo voting system, a group can be granted the ability (via initial ownership or ownership of a specified token or asset) to vote on the transactions that are spent on the account.”
This is an amazing feature, in my opinion, because it shows the Apollo dev team’s fidelity to the concept of decentralization by employing various strategies that are rarely seen in the cryptocurrency sphere.
As mentioned above, this is a huge plus. The ability to send encrypted messages from one party to another is something that more and more individuals are seeking out. The popularity of the messaging app, Telegram, should serve as potent evidence testifying to this fact.
So, the Apollo team’s insistence on the inclusion of such a property on the blockchain itself shows the forward thinking of the team. It’s also yet one more feature on the blockchain that allows it to stand head and shoulders above the rest.
The monetary system is another major feature on the blockchain. This is the system that allows users to create their own native currencies.
This is also something that investors that are not necessarily developers should become excited about as well. Such a system provides the opportunity for the Apollo blockchain to attract a vastly greater audience than it would otherwise, which will greatly help increase the amount of attention/attraction and adoption that it receives in the near future.
In light of all of this information, it only seems rational for there to be an asset system where users can create tokens that are based on real-world assets such as cars, furniture, and other items of note.
This is perhaps one of the more valuable systems that are accompanied with the Apollo blockchain. With the ability to trade assets on the blockchain, Apollo is putting itself in position to provide another major use-case for crypto that has not yet been truly explored. Thus, the Apollo coin may become absolutely essential for those that are in fields where keeping an accurate record of custodianship is an implicit part of their job.
This is a fairly ingenius innovation on the Apollo blockchain because it allows users to authenticate themselves.
What makes this is ingenius is that it solves the inherent issue of someone creating a fake username and then trying to connect with another node/user on the blockchain. With an authentication system, this is no longer a cause for concern.
Yet another essential property for Apollo as it reinforces the fact that its goal is to be the premier privacy-focused coin in cryptocurrency.
Known as mixers, there are many 3rd-party apps that users must go to if they wish to mix coins such as Apollo.
However, with the integration of this feature directly on the blockchain itself, “Coin shuffling [serves as] an additional privacy feature, allowing your Apollo, as well as other assets or currencies held in the account, to be simply and randomly shuffled between user accounts.”
Thus, the tracing of various payments will become even more difficult as time continues.
Unlike many other ICOs that tell users that they’ll have to wait several months or even years before there is a viable wallet that they can use, Apollo coin already has a wallet that users can operate and download at this very point in time.
This is critical for a project that is looking to continue their route to domination and worldwide adoption/acceptance.
Fortunately, yes, they do already have a whitepaper out at this current point in time as well — which is a comforting thought when considering the fact that most ICOs do not have one at the time of their initial coin offering.
If you’d like to give the whitepaper a solid readthrough, check out this link here: https://www.apollocurrency.com/whitepaper
Once again, more bonus points must be awarded to Apollo for providing a roadmap for us. It’s almost unheard of in the crypto space for a project to release a roadmap in advance of their project’s official release!
To put this in perspective for you, Cardano ($ADA), a top 10 project at the time of writing, didn’t release their roadmap until October 31st, 2017. Their ICO ended on January 1st, 2017. So, it took them a total of approximately 11 months after release to even procure a roadmap for their project.
It’s worth reminding everyone that Cardano currently boasts a marketcap of $8.4 billion at the time of writing.
So, relatively speaking, Apollo is pretty damn far ahead of the curb.
Check out their roadmap below:
More About Apollo
Refusing to allow any visitors to walk away without the necessary information, they even created a YouTube explainer video that’s designed to address additional questions questions that individuals may have regarding their platform:
The Apollo Team
If you’ve read through this far, you’re probably just as curious as I am on who the Apollo team is.
Fortunately, we have a lot of concrete information on who they are, what they do, their names, and other essential information that can help allay any fears we may have about the core competency of the project’s leadership.
The leaders of this project are as follows (from the Apollo website):
Here Are Their Developers:
Yes, they even have a store with actual apparel that you can purchase. Ridiculous, I know.
Interested? Visit: https://apollocurrency.org/
So, there are probably a few of you who have read this far and are thinking, “I’m sold! Where can I get some of these tokens and how much are they?”
If I just described you, then you’re in luck because I have all of the relevant information on the Apollo coin ICO below:
Once again, this can be found on their main website: https://www.apollocurrency.com/
Once you click that huge, blue button that says, ‘CLAIM NOW’
You’ll be taken to another page where you can specify exactly how many tokens you’d like to purchase.
Here’s the web address if you’re super eager and want to get right to the page itself: https://apollocurrencyevent.com/
How Much Per Token?
At this current moment, it is $0.0040/token. This was iterated on the previous page that we were on, but I’ll post the schedule again below in case you missed it:
At the time of this article’s release — we’re in ‘Week 4–6’. However, this period is almost over. When this time period concludes (April 29th to May 13th), we will enter what’s called the ‘Late Sale’, which will occur between May 14th to May 28th and each coin will cost a total of $0.005
Looking to help out and make some money as well? Apollo has an active bounty program that’s going on at this very moment in time:
Apollo appears to be a very promising project! From everything that I saw, it definitely seems as though the development team is trying their absolute best to live up to the promise of becoming the ‘ultimate cryptocurrency’ so, we’ll have to see how things pan out from here!
If you’re interested in finding out more about the cryptocurrency, here are some sources where you’ll probably find out the most valuable information:
Telegram = https://t.me/apollocommunity
Twitter = https://twitter.com/ApolloCurrency
Disclaimer: This article was sponsored by the Apollo team. The author does not possess any Apollo tokens.