Apollo DAE, with an exchange rate of four cents per DAE Token, wants to be your choice in trading platforms for all kinds of currencies. The problem with this right out of the gate is the lack of information on how. Nothing right away states a business strategy, or lists what sets them apart from the rest, it just rambles on about how a lot of cryptos are scams and that they can help with that. Further research from other sites (not the home site, where it should be,) reveals that the secret sauce is putting control in the hands of the consumer, as well as weeding out the fake cryptocurrencies from their platform.
- Price: 1 DAE Token = 0.04 $
- Token: DAE
- Bonus: Available
- Platform: Ethereum
- Accepting: ETH
- Country: USA
This is by no means a new or unique strategy, many ICO companies let the consumers call the shots on how their money is spent, with Gimmer being a favorite of mine as you don’t lose any of your actual capital to participate. Apollo does something similar, giving users tokens they can spend on votes and keep them engaged in the community, as well as deciding the market amongst themselves by voting and trading on their demo platform that they offer. Supposedly, they even offer protection against sudden market crashes using advanced tools that “beat the competitors” (cited here – https://bitcoinexchangeguide.com/apollo-dae-ico/), but my belief of that claim is very thin. If it was such an easy task to implement, then every company would have implemented it, and none of the extensive research that I’ve done comes up with any of the technology involved, just the promises.
What also scares me about Apollo is putting the value of the DAE Token in the hands of the consumer; the people who want that value to be high, always.
Letting the market decide and flow naturally seems to be the best and only way to go, but I just don’t see how consumer votes are going to hold together the function in such an unstable environment. A lot about this company rubs me the wrong way; the lack of transparency, the bold claims, the seemingly impossible promises, and their white paper hidden in the bottom right corner of the screen, easy to miss for the average user not looking for one.
APOLLO DAE TEAM
Most companies feature theirs front and center, showing what they’re all about from the get go. And according to this white paper (-cited here https://apollodae.io/whitepaperV2.pdf), even though they advertise some of the best customer service available, you have to pay to speak to an urgent support specialist or a manager, which just doesn’t sit well in my stomach as a business practice.
There are some goods to be had here but the negatives outweigh them overwhelmingly, causing me to rate Apollo Dae at a sad 1/5. Maybe in the future, if these promises turn out to be more than just empty promises, this company could really become something great. But as of right now, I’m just not seeing it happening. Visit Whitepaper