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   434

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
  • Twitter
  • Facebook
  • Reddit
  • Instagram
  • LinkedIn
  • Youtube

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Swiss Regulators Published ICO Guidelines

The Swiss Financial Market Supervisory Authority FINMA published today initial coin offering (ICO) guidelines  
16 February 2018   133

The guidelines set out how it intends to apply financial market legislation in handling inquiries from ICO organizers. According to it, regulators will oversee and regulate ICOs anti-money laundering laws.

FINMA clarifies how token issuers should proceed in the country. The regulator also stated that there is a sharp increase in the number of Switzerland-based ICOs. This led to questions about applicable regulations.

The press release noted that financial market law and regulation aren’t applicable to all ICOs. Each case must be decided on its individual merits.

The regulations will be based on economic function and purpose of the tokens issued by the ICO organizer. Due to the fact that there is no generally recognized terminology for the classification of tokens in the world,  FINMA categorizes tokens into three types:

  • Payment tokens are synonymous with cryptocurrencies and have no further functions or links to other development projects.

  • Utility tokens are tokens which are intended to provide digital access to an application or service.

  • Asset tokens represent assets such as participation in real physical underlyings, companies, or earnings streams.  

FINMA will handle ICO inquiries according to three different categories, based on the type of tokens they’ll be issuing.

  • Payment ICOs (payment tokens), that issue tokens that are transferable and function as means of payment.

  • Utility ICOs (utility tokens), that will not qualify as securities, as long as their purpose is to confer digital access rights to an application or service. If a utility token functions as an investment in economic terms, it will be treated as a security.

  • Asset ICOs (asset tokens), that issue tokens that will be seen as securities. This means they’ll be treated like equities or bonds. These will be subject to strict requirements.

Our balanced approach to handling ICO projects and inquiries allows legitimate innovators to navigate the regulatory landscape and so launch their projects in a way consistent with our laws protecting investors and the integrity of the financial system.

Mark Branson

FINMA CEO