Apollo

What is Apollo Currency (APL)?

Apollo Currency (APL) is the token offering of Apollo Fintech, a platform dedicated to delivering innovative solutions for the global economy through advanced technologies such as blockchain. According to the Apollo Fintech whitepaper, the platform aims to harness the power of distributed ledger technology (DLT) and database sharding to achieve its vision.

Apollo (APL) is a proof-of-stake coin designed to offer users a wide range of functionalities beyond secure payments for goods and services. Originating from NXT, a proven cryptocurrency, Apollo aims to be the first all-in-one digital currency, incorporating every beneficial feature into a single decentralized platform. This approach underscores Apollo's commitment to pushing the boundaries of blockchain technology.

Distributed Ledger Technology and Sharding

Distributed ledger technology (DLT) is a digital system used to record transactions and distribute the details across multiple locations, enhancing security and transparency. Sharding, on the other hand, is a method of partitioning a blockchain to improve scalability and performance. Apollo Fintech utilizes sharding to enhance the network's speed and efficiency. The platform aims to provide solutions in three main categories:

• Government solutions
• Commercial products
• Consumer applications

Apollo Smart Contract Engine and Atomic Swaps

Apollo Fintech employs a unique engine known as the Apollo Smart Contract Engine, which allows for the creation of smart contracts in various programming languages. These smart contracts are pivotal for conducting atomic swaps, enabling seamless transactions across different blockchains. APL, the platform's native currency, operates on a decentralized exchange (DEX) to facilitate convenient and efficient transactions. Additionally, APL leverages the Ethereum network for Apollo DEX and uses individual ETH nodes for processing transactions. The platform also introduces Zenon currency, a new and faster cryptocurrency, to further enhance transaction efficiency.

Team Background

Apollo Fintech's team comprises seventeen members, with Steve McCullah as CEO, Sergey Rokhvarg as CTO, and Alexander Mora as the Director of Marketing and Communications. Established in 2017, Apollo Fintech launched key protocols such as the web wallet and the first shard within the subsequent years.

Project Development

The last update from Apollo was in 2021. Key developments include:

• Four developers are addressing speed issues on remaining pages.
• A team is fixing final glitches.
• A new team is finalizing testing for a new core, set to replace the current system post-migration.
• New native apps are complete and will launch with the new core.
• The Investment Platform, along with new competitors to YouTube and TikTok, is ready for immediate launch after the core update.
• An Amazon competitor is about two weeks away from testing and completion.
• Dedicated apps for Apollo’s versions of TikTok and YouTube will launch alongside the main platforms.

Other Projects in the Privacy Coin Category

Some other projects in the privacy coin category: Zcash, Beldex, BigShortBets, Monero, Dash, Decred, DigiByte, Dusk, Verus Coin, Nym, Ergo... Decred

Apollo Price Analysis

As of December 25 2024 Apollo has a marketcap of $2.1M. This is {{percentagefromath}} from its all time high of $0.00973484. In terms of its tokenomics, there's a total supply of 21B with 69% currently outstanding. Keep in mind Apollo has a fully diluted value of $3M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude