The cryptocurrency and blockchain spaces continue to heat up and bring the world closer together, penetrating all spheres from large-scale industry to media. A recent appending in the crypto world is represented by Apollon, a currency for leisure and entertainment.
Apollon Blockchain is the project aiming to develop and support all the related business applications with the underlying Blockchain infrastructure technology. The platform service covers the entire entertainment industry, including but not limited to games, tourism, and cultural cross-over activities with efficient payment systems. It enables cross-chain interaction technology to allow many different Blockchains to connect and communicate with each other.
As the company’s whitepaper states, APO’s vision is to have a “free flow of value”, enabling users or members of the platform to enjoy the benefits of the rich offering of blockchain technology. To avoid or alleviate unnecessary transactional complication based on APO coin market value fluctuation, Apollon designs a dual layer digital currency structure based on APO currency and Liquidity CASH (LCASH) equal to $1.0.
The company is planning to reach a reduction of transactional costs, an increase of operational efficiency, and promotion of a newer model of economic growth collectively.
Apollon Blockchain’s team includes such outstanding figures as Takuya Hashiyada serving as Chief Security Officer, Robin Fan, Jimmy Chan, Harris Tim Ng. The company’s CEO is Alan Lau who has more than 36 years of experience in technology sales, marketing, management, and investment. Besides heading Apollon, Lau is the founding member and Vice President of the Shanghai Computer Society, Fellow Member of the British Institute of Analysts and Programmers (FMIAP), Member of the British Computer Society (MBCS), and a member of Mensa International.
The advantages of APO seem to be numerous. Firstly, buying a defined quantity of APO coins empowers an entity to build and operate an electronic shop (e-Shop) on the platform subject to APO internal compliance review. This e-Shop operator will be provided with Blockchain BFT-DPOS securing mechanism, enhancing ongoing and secured operations while offering corresponding incentives to the operators and their end-customers.
Secondly, Apollon Blockchain offers a high degree of seamless data processing productivity to ensure TPS throughput and guarantee continuous DAPP usage.
Thirdly, Apollon Blockchain offers a two-tier structure, meaning, that between the underlying Blockchain technology and commercial or e-Shop specific application, an operator can run its own customer’s payment and clearing infrastructure, without Apollon involved.
Moreover, Apollon Blockchain will also support popular cryptocurrencies once a transactional set of data are sent to the Blockchain level for clearing or application of smart contracts.
The company aims to conduct international business. The Apollon team believes that the platform will become one of world’s first and most comprehensive multi-chain platforms, re-shaping the eCommerce ecosystem for entertainment and leisure.
On July 16th, Apollon Blockchain launched Initial Coin Offering, live till August 31. However, the APO crowd sale is not available to residents of the People’s Republic of China (including Special Administrative Regions of Hong Kong and Macau), South Korea, and the United States of America because of the differing legal status of cryptocurrencies there.