What is Apollo Currency (APL)?
Apollo Currency (APL) is the native token of the Apollo Fintech platform. The token ensures the sustainability of the entire Apollo Currency platform, giving it its value. You can check the current APL price on the live Apollo Currency price chart above.
Apollo is one of the most advanced third-generation blockchain networks in the industry that was built to enable massive adoption. It is aiming to achieve this goal by enabling scalability and high transaction speed. The network also claims to be the most feature-rich crypto project in the market. The project’s vision is to provide every mainstream feature on a highly sustainable platform. In order to achieve that, the project uses many cutting-edge technologies including sharding, adaptor forging, Apollo Updater, and node time synchronization.
Overall, the Apollo Currency crypto project has loads of features including:
- Token and Asset system
- File storage system
- Smart contracts
- Decentralized exchange with atomic swaps
- Encrypted messaging
- Decentralized marketplace
- Private transaction option
- Alias system
- IP masking
- Coin Shuffling
- Leasing
- Phased transaction
- Polls
All these features are integrated to provide solutions in three categories. The first category is products for the government. These include national effective currency platforms with safe ledgers and e-government systems. Another product class is solutions for commercial clients. These solutions include national payment platforms such as bank transfers and Knox WorldPay. Finally, the project offers consumer-oriented solutions such as centralized exchanges and wallets.
Besides, Apollo Fintech developed one of the most advanced decentralized application infrastructures on blockchain called ARK. ARK uses state-of-the-art smart contracts with decentralized file storage. This infrastructure is designed to offer one of the most cost-effective forms of data storage.
Use Cases of Apollo Currency (APL)
APL coin is used extensively across various products on the network. For instance, the APL token supports fee payments in the National Payment Platform. Besides that, it’s also used as the main currency and means of exchange on Apollo DEX and marketplaces. The application of Apollo crypto assets stands to expand as the platform’s use cases continue to increase.
Don’t forget to check the Apollo Currency price chart above if you care to see the live APL price.
Who Founded Apollo Currency?
Apollo Fintech was founded in 2017 by a team of seventeen members led by Steve McCullah as the CEO, Rokhvarg as CTO, and Alexander Mora as the Director of marketing and communications. The team comes from various backgrounds with many major development achievements.
Tokenomics of APL
Apollo Cryptocurrency has a maximum token supply of 21,158,774,009 APL. The fixed supply prevents more tokens from being minted, which might flood the market affecting the APL price. The token structure and distribution are designed to ensure that the Apollo Currency price remains stable enough to support the ecosystem.
