Digital Asset Exchange is the future of crypto trading

From this article you will learn how Apollo DAE delivers a convenient and intuitive way of buying and selling Bitcoins and altcoins
26 December 2017   848

There are many exchanges out there, but only a few that offer convenient and intuitive buying and selling of Bitcoins and altcoins. Most of the exchanges suffer from a few problems that eventually cost users a lot of time and money. Some of these problems are flash crashes, theft, scams, high fees, low liquidity, no information, bad charts, withdrawal limits, long verification, and very poor customer support. At some point, users will and have tried to find a better alternative to buy and sell cryptocurrencies, but unfortunately, there are no good alternatives, at least not yet. Apollo DAE has a solution for that.

What is Apollo?

Apollo is a new Digital Asset Exchange that will allow crypto investors and users to buy, sell, trade, hold and spend cryptocurrencies in the best and easiest way possible. Apollo plans to offer an experience similar to a traditional forex or stockbroker, as well as an easy to use platform for new crypto users. It will offer 24/7 customer support, flash crash protections, better security, lower fees, a knowledge base full of crypto information, combined order books for higher liquidity, fewer limits, and much more.

Apollo is needed because of the current lack of good services from a majority of other exchanges. Our hope is by taking in users looking for a better option, these other exchanges can reduce their load and stop offering poor service, making cryptocurrencies better for everyone.
 

Benjamin McDaniel

CEO & Founder, Apollo

Apollo Features

  • Lower Fees: Massive savings just by switching to Apollo and using our DAE token system. Users will save a minimum of 25% in fees compared to other exchanges
  • 24/7 Customer Service: 24/7 service working to answer or resolve any issues
  • Liquid order book: The system will connect orders from other exchanges in order to provide users a vast amount of orders to market trade against from day 1
  • New order types: The main objective with these new order types, reated specifically for Apollo users, are to protect users from big losses while staying open to huge gains
  • Knowledge base: A resource to learn about and research digital assets and trading techniques, where users can quickly find an assets market-cap, team information, latests updates, goals, sentiment and more and learn how to trade or increase their skills
  • Accounts: Simple sign up process, possibility to create an annonymous account. Quick verifications using Civic for traders that need to deposit and withdraw fiat

Apollo laptop interfaceApollo laptop interface

Apollo Tokens

Apollo offers two types of tokens:

  • DAE Tokens: DAE tokens are the main token being offered. They have the added benefit of MAP pricing. They can be used to pay fees on our platform or be traded on multiple exchanges
  • AVO Tokens: AVO tokens are only used for voting and wallet security and will only be given to ICO partcipants equal to the total USD contributed. AVO can't be traded or purchased after our ICO. AVO holders will get paid, for voting, based on company profits

Apollo tokensApollo Tokens

Apollo Token Sale Information

  • Sales dates: Pre-sale. currently open, until Dec 27, 2017
    ICO. from Dec 30, 2017 until Jan 2018
  • Total number of tokens: 100M DAE
  • Price: Pre-sale. 50% - 40% - 30% or 15% of final DAE/USD price
    ICO. Determined by votes made during ICO
  • Hard cap: Pre-sale. 5M USD
    ICO. 50M DAE
  • Accepted currencies: Pre-sale. BTC, ETH, LTC
    ICO. BTC, LTC direct/ETH to contract or shapesift altcoins to ETH contract

Apollo logo

Apollo plans for the future

  • To let users buy and sell any coin for any other coin that is offered (For example: DASH / XMR or IOTA / EOS)
  • Fiat deposits with wire, ach or card
  • A debit card for easy access to the balance
  • A mobile app for users to buy, sell, trade, hold and spend their coins
  • Market information and knowledge base
  • Anonymous trading accounts
  • Subscription trading service

Documentation

  • Whitepaper
  • GitHub

More Information

  • Website
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  • Reddit
  • Instagram
  • LinkedIn
  • Youtube

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3 ICOs of Extrabit banned by Alabama Securities Watchdog

Alabama Securities Commission (ASC) has ordered alleged cryptocurrency mining firm Extrabit to stop its token sale offering in the state
25 May 2018   97

The U.S. state's securities regulator, the Alabama Securities Commission (ASC), has supported its colleagues in Texas and New Jersey in hitting out at ICOs that are soliciting local citizens. The cease-and-desist order which was published yesterday  claimed that the agency has ordered purported cryptocurrency mining firm Extrabit to cease its token sale offering in the state.

The ASC declared the company has been illegally begging Alabama investors with what it considers an unregistered securities offering after it announced its token sale on the website of WSFA, an NBC-affiliated TV station recognized in the state capital, Montgomery. While presently the online advertisement appears to have been taken down, the agency said in the order that the firm originally claimed that investors in the pre-ICO phase could buy Extrabit's token "EXB" at half price.

The advertisement claimed that in order to take part in the pre-sale, the user should invest $20,000 and after the purchase, the tokens will be sent to MyEtherWallet within 48 hours. Then, Extrabit's white paper states that, since the firm generates its profits chiefly from mining bitcoin, zcash and monero, it pledges a 185 percent return on investment every quarter for investors who maintain a positive balance in their EXB wallet.

As well as offering unbooked securities, the ASC said the project made "materially misleading" suggestions to deceive investors. Extrabit is not the only token project that is targeting residents in Alabama. A Google search for "token sale" on the WSFA website currently comes up with over 200 press release-style ads from various ICO projects. 

The ASC has also checked two other token sale projects, called LEV and Platinum, with cease-and-desist orders entered on May 2 and May 18. Like with Extrabit, the agency charged the two projects of selling unregistered securities in Alabama while making vaporous promises to potential investors over the likely returns on investment.