Apollo offers extraordinary services which makes it stands out from the rest of the exchanges. Though it's new, Apollo assures users of amazing offers and services which will make trading and transactions run smoothly on a more secured platform.
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| The Goal of Apollo |
The incredible Apollo project has a main goal, that is, to create a Digital Asset Exchange platform that provides well-modernized with easy-to-use trading tools, liquid trading books, latest market and trading information, good security to protect trading and transactions from malicious traders, and a reliable customer support system that 24/7 tirelessly, among others.
WHY INVESTING IN EXCHANGE RATHER THAN BLOCKCHAIN
A couple of reasons drive Apollo to the selection of investing in and creating a well-modernized crypto exchange over investing in blockchain. Comparing the trading volumes of $200 million per day of most well known crypto exchanges to forex daily volume of $5 billion, it is obvious crypto has more room to expand, hence an opportunity to create a crypto exchange.
PROBLEM 1
Poor Customer Services: A lot of you out there will attest to the fact that most of the existing and new exchanges like Poloniex, Bittrex, YUNBI, GDAX, Cryptopia and the like do not have 24/7 reliable customer services. Most of them come with a support in the form of mail which replies in days after requesting for help.
SOLUTION TO PROBLEM 1
Apollo has 3 well-laid strategies to address this problem
- Create support categories and limiting users who abuse the system - Apollo has a plan of hiring 200-500 customer service personnels and with that assign them to categories based on the urgency of the support a customer might be needing. Abusing the customer service system can lead to a ban. For example, selecting very urgent service for an issue which is low in urgency is an abuse of the system and can attract a ban.
- Offer support with categories and require a deposit. Apollo has adopted a strategy to implement thus, if the system is abused frequently or if the cost of what Apollo takes to run the customer services surpasses what Apollo makes, a user would have to pay a small fees, approximately $1 to $10, to initiate the urgent support system.
- Pay for urgent support or manager support: This is the last resort when Apollo reaches the limit of not been able to cater for urgent support system for users. With that, users would have to pay small fees in order to access the urgent support system with an estimate ranging from $1 to $10.
PROBLEM 2
Low liquidity is another big problem with especially new exchanges. It is a normal thing to expect in a new exchange because it takes years for users to migrate and accept a new exchange since they cannot offer the volume customers need to trade with less price swings. Some new exchanges grants free transactions whereas others even pay for users to trade on the exchange. With this at play, there cannot be an effective and efficient customer services since they cannot afford to pay the high amount required for effective customer services.
SOLUTION TO PROBLEM 2
It is in Apollo's plan to connect with other well-established exchanges and share order books with them as a way of dealing with the issue of low liquidity. This can be achieved by adopting backend API connections to trade users orders on other exchanges if the volume is not available between Apollo traders.
PROBLEM 3
No market information: Looking for information about assets like Ethereum, Bitcoin, Litecoin, Monero, and the like on exchanges? It would probably turn out to be a waste of time because you would eventually find nothing. Exchanges do not provide information on how these assets operate, their road map, places of usage or what accounts for their familiarity.
SOLUTION TO PROBLEM 3
It is in the best plan of Apollo to include in their exchange the place where users can research and have access to information concerning each asset before even investing.
PROBLEM 4
Market manipulation: Aside the good part enjoyed by users of exchanges, they are also prone to the risk of phishing, spoofing, pump and dump (PnD) etc.
SOLUTION TO PROBLEM 4
Apollo has it that for spoofing, they will hide orders from accounts that are suspected to of spoofing. For pumps and dumps (PnD), coins with the potential of PnD will not be listed, and for phishing, the use of remmie.io technology to eliminate phishing for users who don't use civic.
PROBLEM 5
Customer security is also another major problem with exchanges as to whether transactions and funds are well protected from malicious users and malicious technology.
SOLUTION TO PROBLEM 5
Apollo brings well endowed programmers who will see to it that user information and funds are well secured and kept confidential.
THE UNIQUENESS OF APOLLO ICO
As ICOs are born each day, some may excel while others may not. The failure of many ICOs is due to the fact that most of the project is not feasible, programmers and technicians are inexperienced, and even the raised funds are wasted on unnecessary expenses. Others even have hackers finding their way through users accounts and the like.With Apollo, it a new concept in the history of ICO which is believed to pave the way for future ICOs to operate better.
The whole strategy takes its root from the raisng of funds to start a massive exchange platform with extraordinary features yet easy to use.
The funds that would be raised will be channeled to:
- Pay team members (developers, programmers etc) to complete the exchange platform.
- Seek best security advisors to help implement secured protocols and use the best security practices.
- Purchase or hire the infrastructure needed to run Apollo securely in multiple locations and build a secure private blockchain as a backup reference for all transactions.
- Create connections with other well known and well established exchanges.
- Legal and license fee.
- Auditing services to bring out the bests.
- Customer support system that will be active 24/7.
- And many more best channels to facilitate the running of the exchange platform.
Wondering the new ICO to invest in? Then Apollo is the best one for you. Apollo will still rise to the moon as planned whether the targeted funds to be raised is reached or not. It has a dedicated and determined team which is fighting tirelessly to get to the goal.
Follow Apollo on:
- Website: https://apollodae.io/
- Facebook https://facebook.com/apollodae
- Twitter https://twitter.com/apollodae
- Instagram https://instagram.com/apollodae
- Reddit https://reddit.com/r/apollodae
- Telegram https://t.me/apollodae
- Medium https://medium.com/@apollodae
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