by Marvin Dumont
Apollo Foundation this month launched Decentralized Exchange (DEX) which protects Apollonauts’ privacy and data when trading and transferring crypto funds.
There are no KYC requirements.
DEX allows instant transactions between nodes so that users can make real-time trades. It can also handle a large number of simultaneous transactions, while key functions are recorded on blockchain.
Per Apollo’s updated technical paper:
Apollo distributed currency exchange (DEX) executes crypto assets exchange using orders. An order is an indication for the exchange to buy or sell a digital asset.
The main features of the Apollo DEX are (1) the absence of a single central service/aggregator of agreements and (2) reduced commissions of the exchange service.
No KYC helps to make Apollo a private and unregulatable platform.
Decentralized crypto exchanges can improve security because no third-party service stores people’s funds. There are no centralized servers, which protects users’ data from being misused, stolen or hacked.
It helps you remain private and anonymous.
You can combine DEX with other Apollo features. With IP Masking 2.0 you can use the exchange in countries where such services are restricted or banned. While Coin Mixing obfuscates the source of funds. Encrypted Messaging also provides a secure communication channel for sensitive info.
Apollo (APL) all-in-one privacy currency combines features of mainstream cryptocurrencies in a truly private and unregulatable platform. With two-second block speed, APL is one of the fastest cryptos on Earth. The privacy platform lets “Apollonauts” transact and send data anonymously via Encrypted Messaging, Private Ledger, Decentralized Exchange, IP Masking 2.0 and Coin Mixing. Learn more at www.apollocurrency.com