Apollo Currency
Crypto Overview
Project Overview
Apollo Currency (APL) was launched in 2018 as a privacy-focused cryptocurrency built on its own blockchain. The project claimed to offer features like encrypted messaging, decentralized file storage, and advanced privacy features.
Intended Utility
The stated purposes of Apollo Currency included serving as a medium of exchange with enhanced privacy features, a platform for decentralized applications, and a solution for secure data storage.
Development and Current Status
As of 2023, the project appears to be largely inactive. The official website is no longer accessible, and there has been minimal developer activity on public repositories for an extended period. The last significant updates to the project's social media channels were made over a year ago.
Token Distribution and Governance
The initial token distribution included a significant portion allocated to the development team and early investors. However, due to the project's current inactive status, detailed information about current token distribution is limited.
Real-World Usage
On-chain analysis indicates minimal current usage of the network for its intended purposes. Trading volume is extremely low across all exchanges that still list the token.
Crypto Impact
To assign a comfort level investing in Apollo Currency from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Apollo Currency.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.