As stated before, one of the main upgrades that ApolloCurrency has made in recent weeks is the remodeling of their website and other published materials.
While this was done mainly for aesthetic purposes, we also decided to make this decision in order to increase the efficacy and organization of our platform as well.
The purpose of this article will be to walk you through the various features on our website and lightly touch on some of its contents.
If you visit https://apollocurrency.com today, you’ll notice a completely different setup from what we had originally.
Now, when you visit that URL, you’ll see the following:
When you get a chance, make sure you click play on that video to get a beautiful overview of the Apollo project.
Once you’re done doing that, head on over to the ‘Platform’ tab to see what new, cool things we have there too:
When you click on this button, it will take you here — https://apollocurrency.com/platform.
Once there, you will see the following:
Here, you can see our commitment to providing a decentralized cryptocurrency devoid of unnecessary requirements or bureaucratic hierarchies that impede the user’s ability to utilize the currency in any way that they personally desire.
One thing that should be noted here as well is that ApolloCurrency started from $NXT, which is a veteran project in the space that was designed to provide a template for superior currencies such as ApolloCurrency.
If you look at the tab on the lefthand side, you’ll see a spot where you can scroll through some of the various features that we offer on our platform, such as:
The purpose of coin shuffling, for those that don’t know, is to provide greater anonymity in transactions. Coin shuffling merely ‘mixes’ the coins before they are distributed to the target wallet in order to obfuscate financial transactions on the blockchain.
Not only is this feature, but so is:
- IP Masking
- Encrypted Transactions
- Encrypted messages (yes, you can send messages on the blockchain and we will be posting a technical paper on how to do this in the near future)
- Alias sytem (Somewhat similar to the idea behind Namecoin, but with a better iteration)
- Database coin mixing
- Private Ledger (crucial for all those that are looking to create their own child chains on the protocol)
Most of these features are already on the protocol with the exception of one or two that are still undergoing upgrades (but are slated for release in accordance with the guidelines in our roadmap which we’ll cover later).
Now, let’s move on to take a look at the decentralized ecosystem which ApolloCurrency provides.
As you can see above, there is a voting system, decentralized file storage and a decentralized marketplace that are all available through ApolloCurrency.
For those that are familiar with NXT, you’ll recognize that the voting system that ApolloCurrency employs is just like what you will see on NXT as well, which means that this is currently on the protocol as of this very moment.
The decentralized file storage and marketplace are also major features on this protocol that will help it gain traction among future clients and users.
Now let’s check out the Financial Systems
Asset System — This is perhaps one of the better features that you’ll spot on the protocol, although it’s an underrated one. One of the primary use cases for blockchain is for the issuance of assets. By doing so, you can ensure that there is an immutable record of the transfer of that asset via a digital token that is supposed to represent said asset.
Monetary System — This falls somewhat in line with the asset system. With our monetary system, you can,
“…instantly create currencies that can be traded privately on Apollo’s decentralized exchange as well as freely on external exchanges. These currencies can be easily backed by Apollo giving them an instant, tangible value.”
This is a key feature, because it allows for the creation of actual value on the protocol itself, but in a way where that value is not tied to an immutable smart contract, but rather its own personal blockchain (via child chains, we’ll get into that later as well).
Advanced Account Control — By utilizing the voting properties on the protocol, users are able to create ‘group control’ of a certain account. Obviously, the most apparent use case with this structure would be int he creation of a fund of some sort where multiple owners would need access to a pooled investment.
Which brings us to our next point…
Multi-Sig and Phased Transaction — Obviously, if there is a fund where multiple users need access to the funds in varying capacities, it only makes sense for there to be multi-sig enabled wallets. These wallets are designed so that more than one private key is required to issue transactions from it.
Otherwise, the funds on the blockchain won’t be usable. This is definitely a preferable setup for those that are sharing funds with more than one partner.
Decentralized Exchange — Again, this is a feature that is already active in the protocol. This is something that entire projects are based on as well. By creating a decentralized exchange on the Apollo protocol, you’ll be able to participate in a growing ecosystem without having to compromise by relinquishing ownership of your tokens like you do for crypto exchanges.
Smart Contracts — There are a number of different things that can be done with smart contracts. The research on this area of blockchain technology and finance, in general, has been expounded upon at length in different areas/facets of the internet. We’ll leave you to research the wondrous things that you can do via smart contracts.
And that concludes our Platform section! Now, let’s move over to the ‘Wallets’ and see what we discover there on the new site.
As you can see from the screenshot above, the Web, OSX, Windows and Windows+Tor (huge!) have already been deployed and are ready for use as of this very second.
The wallets are secure and create signatures based on EdDSA algorithms, which are based on the elliptic curve, such as ed25519 (more information on this in the technical whitepaper).
The EdDSA algorithm has actually proven to be slightly more secure than the ECDSA algo that Bitcoin uses, which is secp256k1. However, both are NIST encryption algorithms, which has created some qualms among those that feel as though the NSA may have created a ‘backdoor’ into the encryption algorithm, but there is no evidence that this is the case for either algo.
Source Code Provided
For those that are developers that want to look ‘under the hood’ or possibly submit/contribute to current developments (because we are a decentralized protocol, after all!) please feel free to view our source code here on GitHub:
Now, let’s move on to the next major section of this web review.
We’ll actually refrain from going too in-depth in the amazing whitepaper, technical paper or the ‘One Pager’ for the time being, because we are going to dedicate separate articles to reviewing those projects soon enough.
For now, let’s move on to the Roadmap.
Perhaps one of the most underrated aspects of ApolloCurrency is its fidelity to the roadmap.
As you can see above, all of the slated releases up to this point have already occurred.
Also, unlike most other projects, our roadmap is not a path to ‘completion’. The currency is already deployed and in action and can be used now. Everything on this roadmap is an upgrade to the existing protocol that we have now.
Thus far, we have accomplished:
- Creating Apollo
- Establishing the fan store.
- Providing a non-technical whitepaper for people to evaluate our project’s premise (before we finished the ICO in order to give investors as much information possible to perform due diligence).
- Releasing the web wallet (successfully).
- Integrating a Monetary & Asset system.
- Releasing the first version of our original Olympus Protocol, which allows users to institute private transactions at the API level along with the protocol’s first iteration of IP masking.
- Wallet 1.0 for Windows AND Mac (OSX).
- Released wallets for the Olympus protocol (with the same secure key signature algorithm that the wallets on the underlying protocol have).
- Received confirmation of our future listing to a few major exchanges.
- Instituted the voting feature for coin design, which allows the community to have a voice/say over what happens to/on the protocol in the future rather than having the developers only implement their vision. This shows our adherence to decentralization.
- Translated our whitepaper to Chinese.
The best part about the list provided above is that we were actually ahead of schedule on a lot of those items.
In addition, we are also well ahead of schedule on our Q3 updates and have even knocked a couple things off of the checklist for Q4 already!
So, as you can see, ApolloCurrency is more than capable of adhering to the roadmap that it provided and you can anticipate that it will bring every single item on that roadmap to fruition unless there’s a really damn good reason for not doing so (i.e., we stumbled upon an even better implementation of the idea).
Some things that you can look to in the future before the end of this year are:
- Hermes 1.0
- iOS & Android wallet releases
- Olympus 2.0
- Wallet 3.0
- Hermes 2.0
- DEX integration into the wallet itself (major gamechanger when considering the fact that mobile wallets will have already been released at that point)
- Hermes 3.0
- Olympus 3.0 testnet
- Olympus 3.0 official release, which will contain one of our final iterations of the IP masking.
- Hermes 4.0 (which will include some additional upgrades via smart contracts).
- Olympus 4.0
It’s pretty easy to conclude from the above list of things we accomplished + the updates that are right on the horizon that we’re going to be here for the long-haul.
Now, let’s check out the actual ApolloCoin.
Here you can see the current trading stats for ApolloCurrency on various exchanges.
We’re going to take a little bit of time to cover this section, because this is where we are receiving the most questions (obviously).
Addressing the Pre-Mine
Over the past few months, the word ‘pre-mine’ has received a very negative connotation in the cryptocommunity, and for good reason.
In late 2017, there was a massive increase in fraudulent projects that seemed to have one characteristic in common — a pre-mine. Thus, this caused people to associate the concept of a pre-mine with nefarious activity by investors.
However, Apollo is different for a number of reasons:
- This is how $NXT was designed. Therefore, by forking the currency — the pre-mine was a ‘forced’ thing. There is no way around it because it is integral to the design of PoS. For those that are not familiar with $NXT, it was a cryptocurrency that essentially pioneered the idea of PoS. When created, the founder was smart enough to understand that withholding the tokens and having a Proof-of-Stake setup could have potentially disastrous economic impacts on the coin itself because not only would people be incentivized to aggregate the currency by holding it, there would also be a lot less in circulation due to the fact that it still must be minted. So, in lieu of such a solution, the founder proposed that the coins be ‘re-distributed’ via the forging process (which we will explain in subsequent articles). This ensures the health of the blockchain (economically), prevents whales from acquiring too much of the cryptocurrency and also promotes a re-distribution of the wealth — which is the type of libertarian philosophy that blockchain was created upon.
- The team’s allocation is readily apparent and necessary for future development on the project. If anything, it actually creates more parity among investors that it would if the coins were minted via some other means because ApolloCurrency could be in a situation like Ripple ($XRP) is in where the majority of coins are already locked up, making the developers and project founders the vast majority on the protocol by far.
Addressing Price Concerns
Obviously, one of the biggest concerns that individuals in the community have brought up, with regards to ApolloCurrency, is the current price action.
Right now, it is valued at a fraction of its ICO price. We acknowledge that and its not a fact that we’ll hide from.
We could blame the market or perhaps the efficiency of the exchanges or perhaps make up a grandiose, lofty claim that, “We don’t care about the price! We’re only focused on development!”
And while the latter statement above is true to some extent, the major difference is that, we do care about the price. Ultimately, we know that this was an investment for a lot of people.
Therefore, we consider it our responsibility to ensure that we act in the interests of our investors by doing everything in our power to market this project to a wider audience so that we can spur greater usage of the blockchain itself.
With that, we believe, price increases will become inevitable. However, it’s going to take some time.
What we can say though, is that we are working around the clock every single day of the week to curate articles such as the one that you’re reading, reach out to various business entities in the space and in the traditional sphere, brainstorming new code, iterations and implementations of potential project ideas, and spread the word about our platform. So, we don’t ancitipate that it will be much longer before you begin to see a marked increase in the price.
We won’t make any bones about it either — we want to see investors make a return on their investment and we know that our impending success will all but guarantee that.
So, we merely advise all those that are concerned to sit tight and put their trust in us!
We are entirely cognizant of the price, your concerns and other anxieties and want to ensure you that this is something that is just as high of a priority for us as it is for you because we want to see those that are involved at ANY level of Apollocurrency to succeed!
With all of the above being said (which was a lot!), let’s move on to the team.
This page is relatively self-explanatory and the LinkedIn profiles next to every individual are present and visible.
There are also traces of them on the internet (outside of the project itself), that show that these are indeed real individuals and not manufactured profiles with stock photos.
We don’t want to ‘dox’ our team in the process of establishing this (especially on a protocol that fosters anonymity in a space that was created by an pseudo-anonymous individual named Satoshi), but we will say that there is a wealth of evidence that we are who we say we are, and we plan on making plenty of future appearances as we liaise with various organizations, attend conferences, and perform general marketing to help spread awareness.
Here, you can contact us if need be and let us know any ideas or questions that you have!
We’ll do our best to respond as quickly as possible.
Frequently Asked Questions
Above is the official Apollo shop for anyone that is interested.
Feel free to come and visit!