Apollo Currency (APL) is a cryptocurrency founded by Steve McCullah and the Apollo Foundation in 2017. As described by its founders, Apollo Currency sets out to be an all-in-one cryptocurrency that is the most technologically advanced, feature-rich currency on the market.
The main goal of this supposed ‘revolutionary cryptocurrency’ is to provide cryptocurrency users with as many features as possible. The team behind Apollo Currency have a specific focus on blockchain privacy and security as well as reducing the need to use multiple currencies for various activities.
The Apollo Currency was initially built on the core of the NXT project and distributed to NXT holders through an airdrop. The crypto had no ICO but is a fully pre-mined cryptocurrency with a total supply of 21,165,096,531 APL and a circulating supply of 14,685,096,531 APL. As for the token distribution, 53% of tokens were offered to private and public investors, 20% were allocated for marketing, development and future distribution, 10% were distributed via Airdrop to NXT holders, 8% were reserved for founders, team members and volunteers, 6% were used to cover the cost of currency distribution, and 3% were kept for advisors.
Apollo Currency relies on a proof-of-stake consensys mechanism and utilizes the olympus protocol for private and untraceable transactions. The Apollo Currency also utilizes a proprietary blockchain called Hermes Blockchain, which is a product of the Apollo development process. Other already developed features of the Apollo Currency include a monetary system for ICOs, encrypted messaging, blockchain file storage, alias system, voting system, multisignature accounts and others.