About the ApolloChain Project.
ApolloChain is one of the Blockchain-based companies, which works to further decentralize the energy industry. On this platform, a fully decentralized energy trade process is still ongoing, using smart contracts with the potential to revolutionize the way people use energy for their homes.
Vision and Mission of ApolloChain In Decentralizing Energy.
Apollochain is built with "Fiber" from the Skycoin platform. ApolloChain this is a new energy trading platform, enabling users to be able to exchange their renewable energy with each other.
Smart electricity network or so-called Smart Grid, combined with IoT, AI, and also blockchain technology. So what many people call "internet energy" can be made.
The benefits of ApolloChain that we will get.
The owners of energy generators, wholesalers, institutional, up to individual electric consumers, can directly exchange energy with each other. One positive side, can reduce trade financing centrally, and also avoid losses from government prices.
the project is also more profitable for power generation. Because the power plant can also increase the liquidity of capital funding by obtaining crowdfunding of existing electricity. In fact, long before the construction of the power plant was done.
ApolloChain has the potential to deregulate, and to decentralize energy around the world. Can reduce human dependence on the use of fossil fuels, and switch by using renewable energy.
ApolloChain Platform Ecosystem.
The main component on the ApolloChain platform is the energy trading platform built using Blockchain technology. So that between buyers, sellers, and speculators can interact with each other using smart contracts. That is, users can engage in battle with absolute warranty, that the parties involved in the transaction, can fully complete the entire transaction automatically.
Smart Meter Function.
ApolloChain users can install "Smart Meter" devices in their homes. This device is a smart power meter that can track data of electrical power usage more legitimately. With that data, smart power grids can be useful to reduce refill costs, show ways to reduce power usage, or lower other costs.
users can easily view the energy data used, and interact easily with Smart Meter. And, can transact only by using smartphone through ApolloChain application.
Token ApolloChain - APL
Inside this platform, created its own tokens called Apollo Coin (APL). The function of the APL token is as electronic evidence of energy transactions conducted through the smart power grid. The number of APL tokens distributed positively related to the amount of electricity available and traded. This means that the APL token will be gradually opened and distributed, according to the current transaction request.
In addition to being used for trade between energy producers and consumers, APL can also be traded on crypto exchanges. Users will be more likely to buy and store an APL token when the market price of electricity is low. Then sell when the price of electricity goes up. Conditions that indirectly will also help in stabilizing the demand and price of the APL token in the secondary market.
To be able to store APL tokens, ApolloChain also provides the ApolloChain wallet that you can get here.
ICO ApolloChain.
The total number of tokens that have been created amounts to 100,000,000 APL.
The pre-ICO ApolloChain phase runs from 5 May 2018 to 15 June 2018. The minimum target for that phase is approximately USD 500,000, while its maximum target is approximately USD 1 million.
The public token sales phase of ICO Apollochain will be announced further. The minimum target in the ICO phase will be approximately USD 8 million, and the maximum target is about USD 20 million.
Based on what is written in the white paper, here is the distribution of the APL token :
40% = Distributed in ICO ApolloChain.
5% = for community gifts.
20% = for PR and marketing.
30% = for the Founding Team.
5% = for Apollo Foundation operations.
To clarify about ICO and Token from this ApolloChain project, you can immediately see the two links here :
The Future of the Energy Industry.
Renewable energy has been so drastic to be one of the fastest growing industries worldwide. In fact, two decades later, renewable energy sources will take over a large amount of fossil fuels.
Based on the results of research conducted by KPMG, the use of solar energy in particular will jump to 330% worldwide in 2040.
For all the latest information from this ApolloChain project, you can see the link below :
