Apollo Currency
Crypto Overview
Project Overview
Apollo Currency (APL) was launched in 2018 as a privacy-focused cryptocurrency built on a proprietary blockchain. The project claimed to offer features like encrypted messaging, decentralized file storage, and advanced privacy features.
Intended Utility Analysis
The stated purpose of Apollo was to serve as an all-in-one privacy cryptocurrency with multiple features including: atomic swaps, adaptive forging, decentralized exchange, encrypted messaging, and coin mixing for enhanced privacy.
Current Status Assessment
As of 2024, the project appears to be largely inactive. The official website apollocurrency.com is no longer accessible, social media channels show minimal to no activity since 2021, and development activity on GitHub has ceased. Trading volumes across exchanges are extremely low, indicating minimal adoption or real-world usage.
Token Distribution and Governance
Initial token distribution details are unclear from available sources. The project's lack of transparency regarding token allocation, combined with the apparent abandonment of development, raises significant concerns about the founders' intentions.
Technical Development
While the project initially showed development activity, the GitHub repository shows no meaningful commits in recent years. The promised features and roadmap items were largely unfulfilled.
Market Presence
The token is still listed on some minor exchanges but shows minimal trading activity. The project has effectively lost its market presence and community engagement.
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.