The Apollo CryptocurrencyApollo is the "all-in-one cryptocurrency" that has everything - smart contracts, sharding, the BEST privacy features, and more! They'll be sure to tell you all about Apollo's amazing features in their communities. Here's the only problem - it has absolutely none of those things right now and is all promises from a dev team that has not proven one bit of a competency yet. Their website is even built on Wix - but I'm sure they have the ability to make the great cryptocurrency anyone has ever seen like they say. Anyway....Apollo is an NXT fork that lowered the block time down to 2 seconds. They have several other insignificant changes to the code (I'm talking seriously insignificant - like it changes nearly nothing) and will hail them as the greatest lines of code ever written, using big technical-sounding words to trick their extremely devoted, cult-like followers and mask what is essentially either:An already existing feature of NXT with a different nameChanging a few lines in the codeSo why is this an issue? There are plenty of cloned coins in crypto that claim to be the next best thing since sliced bread - so what's the issue with APL? Well there's a few. First, APL itself has been pumping parabolically recently and the APL team is fueling this pump as hard as possible. They are actively telling people word-for-word to load their bags now, we're going to be $1/APL soon (above Ethereum and Ripple in market cap) because we make them obsolete, and more. If you say anything about "if you made money on APL you should consider taking profits" or "the price has to correct after increasing like this" you will be IMMEDIATELY BANNED from their community, no questions asked. I'll go onto the Telegram next, but I need to mention that the founders have been verifiably dumping as much APL as they can during this pump on investors while continuing to fuel the buying with hype and fake news to keep this going for as long as possible. This isn't a surprise, as they already did this in the past: http://bit.ly/2FEb6YD. Here are some APL Founder-held addresses if you'd like to watch them get rich in real-time: APL-4BUY-KK5W-B3KC-DMHBM and APL-NZKH-MZRE-2CTT-98NPZThe TelegramNow the Telegram. I could write a whole separate post just on this, but the APL Telegram group is the single most brainwashed group of people I have ever seen in crypto, and that's saying something because I've been in 100's of Telegrams. Saying ANYTHING - and I'm not kidding - ANYTHING - about the tech of APL (even asking a question about it), mentioning NXT, saying the word "fork", "dump", "sell" - the list goes on - will get you immediately banned. They ban so often that I've made a list of comments that got people banned so far:-"The price is up 700% in a week. I think I might take some profit in case it drops"-"Isn't the privacy of this coin exactly the same as NXT? Can someone explain how it is any better?"-"Why do you keep banning people for asking legitimate questions?" (followed up with response from an admin "These 'questions' are just FUD on NXT's tech...these people just want to see the project fail".- "How do you plan to implement sharding in Q1 when their is no code in the Github for it yet?"- "You guys think the privacy of this coin is really better than Monero?"Not only will you get banned. If you ask a question about the tech and get banned, the rest of the Telegram follows it up in the chat BY HAILING THE ADMINS like they are some sort of savant for saving them from the terribles FUDers. It is actually so ridiculous that I invite you, /r/cryptocurrency, to go see this for yourself. Ask a question - any question - about the tech of NXT - or really, just say anything that isn't "NXT TO THE MOON!". Just google the Telegram for the Apollo Community and see what goes on there for yourself.The Founder: Steve McCullahNow let's talk about the founder. You can start by reading here and here. I'm not even concerned if he was a scammer or not in the past, that's irrelevant. The concern is what he's doing right now. Besides clearly dumping coins, he is using the Telegram - which through banning all opposition to the project is essentially just a massive brainwashed hivemind that will do whatever the founder says - to pump the coin and swarm anyone who tries to pose any sort of legitimate argument against it with tons of people who act like they would die for this project. This has happenned at least 15+ times since yesterday in the Telegram. Here's a great example: http://bit.ly/2FRhScO is the FOUNDER of the project. His defense to criticism always has to do with the price/market cap of the project, usually followed with a vague promise about how some tech planned on the APL roadmap will pump APL more and destroy other cryptocurrencies. To see how well it works, read the comments of that tweet: https://twitter.com/lioryaffe/status/1087075217447546882So this is bad, but then there's the fake news. The Founder CONSTANTLY publishes fake news to his massive army of shills to keep them buying and pumping the price of APL so he can dump on them. Here's an excellent example of this: http://bit.ly/2FFl8J3 one happened a few hours ago, and the APL Telegram is taking this news at face value, no questions asked, and talking about how Bitcoin is dead - that APL is new standard. They are eating news like this up as 100% fact. If you ask any questions about that news - what are the actual location, where are the news articles, etc - community turns on you and will call you names until an admin bans you. If an admin is there, you'll just get banned immediately. Seen it happen at least 10 times already with this one piece of news.The founder, when trying to defend this project, shills a few major points:"3rd generation cryptocurrency" (as if forking NXT in 2018 magically makes this project better than all others),Ultimate privacy (Guess what? It's not private at all! They use a coin scrammbler in the wallet- something which exists for bitcoin, ethereum, and many other coins - and claim that this makes their coin have the greatest privacy of any coin ever,Decentralized file-storage (we all know storing files on the actual blockchain itself is essentially impossible, especially with NXT's tech - not that they even have any product out for this claim anyway. Don't worry, it's "coming soon" though)Their coin "Forging" system - something already implemented by NXT that they have given a new name toSteve McCullah also has no degree and continuously lies/changes his Linkedin profile/experience to exaggerate his experience and make it look like he has some sort of coding/tech knowledge or has done anything other than run scams in the past. Here is a quick video on that that Apollo doesn't want you to see: https://youtu.be/CTA01WQEESo?t=318I don't even know what can be done at this point, or how to stop this machine from turning and making the founders rich. They already made several millions from dumping last time so they had the funds to hire John McAfee to shill the project this time around. The SEC should honestly be investigating the founder (Steve McCullah) and his practices, but I doubt that will happen. I'm not usually one to call out projects so harshly like this, but I feel terrible for the innocent people that are all going to get burned by the pump-and-dump happening now by holding their coins as the price drops into the ground. I invite you, reddit, to help spread the news and STOP SCAMS like this from plaguing the cryptocurrency space. If you have any suggestions of what we can do to stop projects like this, let me know as there are many people watching this project scam who feel helpless right now.
Submitted January 21, 2019 at 09:17AM
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