PURPOSE
Our mission is to build the future of DAE trading (digital asset exchange). We are merging forex technologies with blockchain tech to give everyone a better trading experience. Everyone will want to trade on Apollo in 2018, which should force other exchanges to provide better services, thus creating a better community for digital assets.
YOU HAVE SOME PROBLEMS WITH SOME EXCHANGE OUT THERE?
APOLLO DAE IS THE SOLUTION
Exchange Problems and Solutions
Lack of good customer support
Most of Apollo’s team is made up of cryptocurrency investors and traders that use exchanges such as GDAX, Poloniex, Bitfinex, Bittrex, CHBTC, YUNBI, and more. Some have even tried less popular exchanges like Liqui, BitShares, CEX, and Cryptopia. With most of these exchanges, you get no immediate customer support and instead they make you wait for an email response that could take days, weeks or, especially with GDAX, 3 months. Some traders may never need customer support, but when
something goes wrong and you do need urgent help, few of these exchanges will be there to help
This will be our initial approach to customer support. We want to be prepared for massive migration to our platform, and will be hiring 200-500 customer service agents, costing up to $40 million a year
Low liquidity (mostly new exchanges)
There is one main issue with new and smaller exchanges: very low liquidity. It could take years for a small exchange to get enough users to increase the liquidity on their books. It’s the main hurdle new startup exchanges have to face. They may have a better platform with a few more features, but it may take years for users to migrate to the exchange since they can’t offer the volume users need to trade without massive price swings. To increase their order book, some exchanges offer zero-fee trades, or even pay for users to trade on their exchange!
Connecting to other well know exchanges and sharing order books will be our solution. We have many options for connections, and you can read more about them in our longer white paper. The basic idea is to use backend API connections to trade users orders on other exchanges if the volume is not available between Apollo traders. Everything is handled on our trading engine with under 1 sec execution times. Users don’t have to specify anything when trading, our engine will automatically get them the best trade possible from our exchange or the exchanges we connect with.
No market information
Almost all exchanges provide no market information or insight. Go to any exchange and look for information on assets such as Bitcoin, Litecoin, or Ethereum and you will find that they probably don’t tell you what it is, how the coin or asset works, what makes it popular, where is it being used, or what its roadmap is for the future. You can even visit the asset’s website and not find all of that information. We
agree that users need to do their own research on assets, but we also think that an exchange should provide information on coins that are trading on their platform and keep that information up to date with any news. This allows for an informed trading market instead of an impulsive market
We will be adding a place for traders to research coins, projects, teams and etc. It’s basic knowledge that traders should have before investing into any altcoins. We also want to provide more intel on where the majority of traders think a coin’s price is headed. We may integrate a platform like santiment for this.
Market manipulation
Trading crypto is awesome. However, crypto trading is full of market manipulations. You have tons of pump and dumps (PnD), spoofing, flash crashes, phishing and etc. It’s a big problem for most traders and newbies.
There are a lot of ways to try and limit market manipulations, and we explain a few in detail on our long white paper if you wan to read more. In short, to stop pump and dumps, we don’t plan on listing any coins that are prime for such actions. To fight spoofing we will hide orders from accounts that are suspected of spoofing. With flash crashes: use exchange connections to spread out massive orders and
use a market index price to determine when to enact margin calls. Phishing: use Remme.io technology to eliminate fishing for users that don’t use Civic.
Exchange and customer security
With more exchanges popping up, some may wonder what security measures the exchanges use to protect their company and user funds. Most will choose to keep a big portion of their funds offline in cold storage and hold 1% - 5% of funds in a hot wallet. This is great, but not sufficient. Exchanges need to implement security standards better than the standards used by banks, stock markets and
forex markets. They should encrypt everything, change keys frequently, restrict access to keys directly, store keys on hardware security modules, use Two Factor Authentication (2FA), change passwords regularly, and takes steps to prevent phishing.
“Apollo will be the next best crypto exchange, even if we don’t raise funds in our ICO. We have additional options to get funding. However, we think it is better to let our community buy and own our Tokens, versus a single or a few big investors. Don’t miss out on your opportunity to own a piece of the future.”
MORE INFORMATION :
Website: https://apollodae.io/
Telegram: https://t.me/apollodae
Facebook : https://www.facebook.com/apollodae
Twitter: https://twitter.com/apollodae
Whitepaper : https://apollodae.io/whitepaperV2.pdf
Authorized By:
My Bitcointalk account : jagadlangit
My Bitcointalk account link : https://bitcointalk.org/index.php?action=profile;u=1109252;sa=summary
My ETH address : 0xA2BFa48A6AfEFaBF498B6541f609E6cef4700D91