Apollo, the all-in-one cryptocurrency that comprehensively meets every currency need ever imagined by users, has now made available its decentralized exchange (DEX) for public use.
Launched in beta, the Apollo DEX now compliments the full-feature blockchain that offers an entire range of token generation services, while guaranteeing that transactions are 100% private.
An Open Exchange for True Peace of Mind
Taking a cue from the original concepts of cryptocurrency which revolved around the idea of independence, the Apollo Foundation introduces its beta DEX with a much-anticipated feature from the entire industry: atomic swaps.
One of the shortcomings of DEXs in the past has been the fact that DEX platforms have been restricted to their blockchain platforms, with access only to tokens built on the same platform. But with atomic swaps, tokens and assets can be exchanged across different platforms, and without a centralized entity to govern it, this ensures assets remain fully in the owner’s control.
Steve McCullah, Apollo’s Director of Business Development explained that Apollo DEX was designed to be one of the safest ways available to trade crypto:
“Unlike nearly all ‘decentralized’ exchange platforms that still can freeze assets, take funds and implement KYC, the Apollo DEX has no governing entity. Trades are accomplished through atomic swaps and do not require a central entity. The Apollo Foundation does not keep it running, regulate it, control it or profit from it in any way. Apollo DEX is hosted and powered by its users, designed by its users and only its users (forgers) will profit.”
Whereas rival projects have unrealistic plans of industry disruption, wasting years on conceptual work, Apollo has focused on putting theory into practical use.