Wed. Oct 28th, 2020

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Direct Apollo Partnership And Use Cases

What is eAPL? Buy and Start Trading Inexpensive #1 New Coin eAPL?

4 min read

eAPL will soon be available on most top cryptocurrency exchanges. It is an excellent plan drafted by the Apollo team to speed up APL listings.

Listing APL coin is a tedious process with a high degree of difficulty, and it is time-consuming compared to ERC20 tokens. According to Steve, “eAPL is only for something that is for outer exchanges so that they can add APL instantly as an ETH token instead of going through the crazy dev work of adding APL.”

To combat that difficulty, the Apollo team strategically devised a plan to wrap APL on the Ethereum blockchain as a temporary solution. The wrapping of APL will allow instant listing and therefore showcase Apollo technology, the most feature-rich digital asset in the crypto and blockchain galaxy.

The wrapping of APL will allow instant listing and therefore showcase Apollo technology, the most feature-rich digital asset in the crypto and blockchain galaxy. Click To Tweet

“eAPL is our all-new Ethereum exchange token representing APL, and its value. eAPL will be 100% redeemable for APL inside the Apollo wallet.”

Advantages

Disadvantage

  1. Apollo availability on top exchanges
  2. Apollo Fintech technology exposure
  3. Can trade on new and existing platforms
  1. eAPL is on Ethereum blockchain

The advantages, as you can see, totally outweighed the disadvantage element. Transaction fees will go to Ethereum, but that is of little concern at the moment because of the mass adoption heading in Apollo’s direction. Steve did address the transaction fees question.

His response was, “It will be pure APL soon enough; this is just to get on as many exchanges in the short term as possible. But regardless, fees to and from exchanges are a fraction of those compared to transactions on the NPP or Knox World Pay that go non-stop for payments from rent to buying bread.
I wouldn’t worry about missing out on exchange transactions because it’s a fraction compared to daily payments. Getting an instant add on exchanges will provide immense value immediately for APL.”

fees to and from exchanges are a fraction of those compared to transactions on the NPP or Knox World Pay that go non-stop for payments from rent to buying bread. Click To Tweet

Question

Answer

Will ether gas fee be needed for eAPL?

Yes, but it will only be used for deposits and withdrawals.

In comparison, aETH and aBTC on Knox World Pay will be powered by the Apollo Blockchain and could be used for daily transactions. Fees will go to Apollo Holders.

Hi, I would like to ask, if APL will be convertible into eapl and it happens to be traded on binance and the price of eapl went boom into 0.02 which is much higher to current price of apl. What will be the ratio of eapl will be converted again to apl?

It would be shown the same on CMC. eAPL and APL are the same coin and all will be tracked on CMC together.

Trading eAPL

Trading eAPL is not yet available. The Apollo community is vying on Twitter for a listing place on Binance.com exchange in response to a Tweet from CZ. Help eAPL get listed on Binance by going to CZ Binance post on Twitter and reply #eAPL in the comment section. Binance will see our strength as a united and energetic community surrounding Apollo Fintech’s establishment.
Trading will be simple in that since its a wrapped coin; it will carry the same value as the original APL coin. If APL reaches 0.40 cents today, it will reflect 0.40 cents on all eAPL across all exchanges.

Steve McCullah:

What would happen to them is that if APL holders were wanting to sell they would just hit “convert to eAPL” on the wallet,
Hit send, and then send to deposit address of X exchange. Buyers would buy and then hit withdrawal on the exchange. When they withdrawal it would go to their eAPL address on the APL wallet. They would then either hold eAPL or convert to APL.

The real excitement is deep within the APL technology and initiatives. No other asset can come close to what Apollo has accomplished in less than three years. Click To Tweet

What is crypto trading without APL?

The real excitement is deep within the APL technology and initiatives. No other asset can come close to what Apollo has accomplished in less than three years. Having this coin available on big exchanges is a game-changing plan, that definitely will ignite a massive bull run across the board. Below are examples of what to expect this quarter.

Knox Bank
Apollo Cash Global
eGovernment platform

Then we get to the goodies!

Sandbox approval number one
Sandbox approval number two
Launch agreements
DEX
1,000,000 TPS
Stratus phase 2

Stratus phase 3
Stratus phase 4
FIRST STATE
SECOND STATE
THIRD STATE

If you’re now discovering Apollo, you’re in time for a great ride. There are too many developments to cover on any given day. Apollo is a future leader in the digital assets atmosphere. eAPL is coming to big exchanges.

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