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Apollo is a new Digital Asset Exchange that will allow crypto investors and users to buy, sell, trade, hold and spend cryptocurrencies in the best and easiest way possible. Apollo plans to offer an experience similar to a traditional forex or stockbroker, as well as an easy to use platform for new crypto users. Below is our interview with Benjamin McDaniel, CEO & Founder of Apollo:

Q: Why do we need another bitcoin exchange?

A: There are many exchanges out there, but only a few that offer convenient and intuitive buying and selling of bitcoins and altcoins. Most of these exchanges suffer from a few problems that eventually cost users a lot of time and money. Some of these problems are flash crashes, theft, scams, high fees, low liquidity, no information, bad charts, withdrawal limits, long verification, and very poor customer support.

At some point, users will and have tried to find a better alternative to buy and sell cryptocurrencies, but unfortunately, there are no good alternatives, at least not yet. This is where Apollo comes in. We will offer 24/7 customer support, flash crash protections, better security, lower fees, a knowledge base full of crypto information, combined order books for higher liquidity, fewer limits, and much more.

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Q: Do you think that bitcoin can become the mainstream currency in the future?

A: Bitcoin could become mainstream, and we hate to criticize it, but with the high transaction fees like recently, Bitcoin will fail as a means of transferring value. We almost paid $20 to send $300 just a few days ago! We do believe eventually bitcoin core’s team will find a solution that miners can agree on to lower fees, but if not, another coin will replace Bitcoin as a means of transferring value and Bitcoin will simply become a store of value.

For example, we will be building our own blockchain with our own tokens next year to solve a lot of the issues Bitcoin and altcoins seem to have, like scaling, fees, and ease of use. It won’t replace Bitcoin but will put pressure on developers to make Bitcoin (and other cryptocurrency blockchains) better, faster and less expensive.

Q: Why is now the time for a technology solution like Apollo?

A: There is a massive amount of people looking to get started with Bitcoin, but there are very few good options available to them. Apollo is needed because of the current lack of good services from a majority of other exchanges. Our hope is by taking in users looking for a better option, these other exchanges can reduce their load and stop offering poor service, making cryptocurrencies better for everyone.

We will also offer services that no other businesses have offered yet. Services like trading between any cryptocurrencies versus having to trade between only bitcoin, ether and fiat currencies, or a new order type that protects you from big losses, while keeping your position open to big profits. We even plan to even offer a debit card to make spending crypto easier with places that don’t accept them.

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Q: What are your plans for the future?

A: Right now, we are running a pre-sale and ICO to raise capital for our exchange. This capital is needed to fund all of these groundbreaking features (especially the order book combining). Future users can buy our DAE tokens now and save on fees when we open in the first quarter of next year. At the time of our launch, we will not have all options for trading available, but we plan to quickly expand our services before the end of the year. Along with our standard exchange services, we plan to offer the following before the end of 2018…

· Buy and sell any coin for any other coin that we offer (For example: DASH / XMR or IOTA / EOS).

· Fiat deposits with wire, ach or card.

· A debit card for easy access to your balance.

· A mobile app for users to buy, sell, trade, hold and spend their coins.

· Market information and knowledge base.

· Anonymous trading accounts.

· Subscription trading service.

· And much more…