Investor Update, March 26th, 2018
Hello from Chad, Markus, Andy and Phil,It has been three wild weeks since we launched! We’re thrilled to share some great updates and tell you what we’re excited about in the coming weeks. We also have a special ask for your support.
APOLLON MASTERNODE SERVICE LAUNCHWhile Facebook was facing huge pressure under the data privacy scandal, the Apollon development team was working hard on getting our minimum viable product out to users for the
beta release coming up on April 2nd. Unlike Facebook, the Apollon system data privacy is inherently secure given it’s built off of our own blockchain, whose transactions are fully public and traceable, and users private information is never stored on the blockchain, providing complete trust. We’re now performing internal testing launching new masternode’s in seconds vs. hours. This was no easy feat and we thank our dedicated development team for their hard work and late nights preparing for launch.
MARKET ECONOMYEvery coin faces two problems, 1) launch the coin and gain interest in the project, and 2) actually create a market around the coin that is outside of pure speculation. Item #1, checkmark, item #2, we’re well on our way to accomplishing this with the launch of our Apollon Masternode Service. Our Masternode Service can be paid for in XAP. This is the first step we’re taking to bring XAP into a market economy, and we have plans for more that we’ll share with you in future updates.
RATING SERVICEEconomies are not grown on trees, although it would seem that way with all the coins popping up these days. And that’s why in order to create legitimacy in this space, we will be launching our
Coin Project Ratings service in the coming months. Coin projects will be rated based on their whitepapers, an analysis of their business case proposal, financial performance and interviews with the team members. We need to create a masternode investment space where retail investors can come to confidently to invest in high quality projects while avoiding scams.
TEAM HIRESSince day 1, we’ve been dreaming about building some real in-house start-up management bench strength to help us control our own destiny. This past week, that dream became a reality as we brought on our new Managing Director, Chad Sichello (
https://www.linkedin.com/in/chadsichello/), to our team.
Chad comes to us from GSky Plant Systems, Inc. and from Dojo Technology Corporation. A social-impact entrepreneur and seasoned executive from Canada, Chad has helped to build start-ups from their humble beginnings into world dominating players in their respective industries. Chad believes that masternodes are the future in coin-market economies and Apollon is an important player to providing the infrastructure required that will allow retail investors to quickly and easily access this emerging market.
PARTNERSHIPSWe know that there’s no point in re-inventing the wheel (and BMW would sue us for patent infringement), so that’s why we actively seek partnerships to bring in technology into our platform directly in order to get our product out to you faster. We’re pleased to announce our partnership with
http://nodemonitor.io ,providing the base monitoring technology portion of our platform. Nodemonitor currently supports 11 coins and is monitoring over 1,000 masternodes. This partnership has reduced our time to market by at least 2 months and provided us with the development framework to continue to improve the service.
MARKET INVESTMENTWe’re pleased to announce that since launch on March 3rd, 2018, we’ve had 688 masternodes brought online!
1. The total value of masternodes online is over $1,150,000 USD!!
2. We have consistently added 200+ masternodes per week.
3. We hoped to have more than 1,000 masternodes online by June 30th, 2018, and we’re well ahead of that goal!
FUNDINGThe core team started Apollon only three weeks ago, and it just exploded! We’re self-funded now by our team members, but in order to continue development and pay our people, we need to raise some money from our XAP holdings. In short, we will be selling very small amounts of XAP every month on a fixed schedule to cover our base development expenses. However, as revenues for the Masternode Service increase, we will shift from our base XAP holdings over to revenues in order to support the company. Ultimately, we will reach a point where we can sustain the business through revenues and not have to rely solely on the market dynamics and pricing of the coin in order to build the business.
COIN PRICEWe have heard from many of you on Discord on the fluctuations in the price of XAP. While we have no direct control over the market price, we are monitoring the situation closely. Our primary goal is to create a market economy for the coin outside of masternode purchasing and coin trading. By launching our Masternode Service in the coming months, we will create that external demand for coin purchases. While we cannot guarantee that this will have any upward price movement on the coin, it may create a higher buy demand.
It is also important to address the rumours around price manipulation by bots trading on the CryptoBridge platform using API exploits. It has been suggested that these bots are involved in causing the current high sell demand on XAP which is driving the price of the coin down. Apollon has no direct evidence of any bot activity on the coin, however, we have reported to CryptoBridge that our community has flagged this as a possible manipulation that is happening on their platform. We have not yet heard back from them as to whether or not this is true. We will continue to monitor the situation and report to you as we learn more.
EXCHANGE LISTINGSWe are actively seeking additional coin exchange listings. We have paid the listing fee to what we hope will become our third exchange where Apollon can be traded. We have also contacted additional exchanges and are awaiting their response. We will report to you as we hear back from the exchanges.
WE NEED YOUR HELP!Spread the word and send this update to your friends who are interested in masternode coin projects. We’re working hard and will be one of the first real projects to come out of a masternode coin launch!
With our deepest thanks to the team and our investors. Until next week!Onwards,
- Chad, Markus, Andy and Phil
Please contact Chad with any questions:
Discord: fathertime100#8986
Telegram: @chado33
Bitcointalk: @chado33
Email:
[email protected]