IS APOLLO CURRENCY LEGIT YET? WHATS UP WITH THE RECENT FUD.
I continue to practice my due diligence on the Apollo Project, especially when facing a barrage of FUD attempts from Commenter's, You tubers, and even the NXT blockchain developer Jelurida, makers of the platform which the first version of the Apollo Wallet is currently operating on. At this point any Apollonaut waiting for moon, must be feeling some kind a way about the current state of the market, and recent reports.
I have found myself conflicted these past few months with FUD attempting to frame the Apollo Foundation as tricksters and the project being considered a fly by night scheme.
I posted this article once before, but it continues to provide a peek into a darker crypto state of mind that can cause people to spend their free time bashing a crypto project. While still hoping for crypto as a whole to succeed… weird.
(
)
"If there’s one thing that rival cryptocurrency factions can agree on, it’s their mutual dislike of one other. Everything else is up for debate, and not calm, reasonable debate, but the sort of fevered in-fighting that makes the crypto community resemble an unruly rabble. This internecine squabbling has arguably done more to hinder cryptocurrency adoption than any external threat."
https://news.bitcoin.com/cryptocurrency-communities-just-cant-get-along/
Being that I myself have filled some of my crypto bag with APL I must ensure that the right choices have been made, so I would like to share my research for any would-be Apollo investor, current holder, and future consumer.
A brief recap of recent Super FUD Events.
I think I can sum up the recent concerns by the Jelurida team. They state that The Apollo Foundation and it's use of the NXT license over steps the Jelurida Public License (JPL).
Apollo claims to be a Privacy coin, but NXT counters by saying that by design all transactions on the NXT blockchain are fully public.
As a result they say that Apollo is intentionally misleading people.
There are also issues raised with some of the partners working with Apollo intending to use the Apollo blockchain (which is technically the NXT code).
I get that Jelurida has to be very protective of its Intellectual Property.
However I don’t see evidence that Apollo intentionally looks to disregard the (JPL), I've found sufficient proof that Apollo has complied whenever NXT raised a flag.
Even when the question of NXT and IGNIS holders being owed APL coins as part of the (JPL).
Forks of NXT are required to honor airdrop guidelines which the Apollo team complied with.
Guideline From Jelurida FAQ
https://www.jelurida.com/jpl-faq
Lines 4 & 5
- Is there any airdrop requirement in case of a “hard fork”?
In case of blockchain split (the so called “hard fork”) the forging token holders (NXT or ARDR holders) will have by definition the same amount of tokens on the Nxt or Ardor fork. There is no additional airdrop requirement in this case. - If I make a clone of a fork, do I still need to do an Airdrop?
Yes, you still need to satisfy the 10% Airdrop requirement to NXT/IGNIS holders.
Now more recent indictments have come from Jelurida, basically putting Apollo on Blast.
Going so far as to post the full addresses of certain high transactional accounts, mounting an internal effort to prove that Apollo's claim of privacy, was in fact a fallacy.
Jelurida even made a codename for this mission to prove their claims. "Snake Oil"
Link from Jelurida Post
http://snakeoil.jelurida.com:7876/index.html
This Snake Oil project is a modified version of the Nxt Blockchain Creation Kit Software, adapted to connect to the Apollo blockchain and display all transactions from it, ignoring any misleading private flags.
Dang, what this tells me, is NXT is no joke. They'll post Accounts and will publicly shame you (there NXT customer and project) if you don’t comply.
Now, I do recall Apollo being transparent about this beforehand… In the announced v1.0 Olympus Protocol it was said that Private transactions were at the API Level.
v2.0 which is reported to be running on the Hermes blockchain (and no longer based on Jelurida technology) and fully implement the Privacy aspect.
Original post from Apollo May 21, 2018
https://www.facebook.com/Apolloprivacycoin/photos/a.171603440210705.1073741828.170667103637672/175484223155960/?type=3&theater
Subsequently The project team has remained transparent, even stating on marketing material that Olympus 1.0 was private to the API level and in turn Olympus 2.0 would extend this privacy feature to the database level.
Apart from project Snake Oil, Jelurida Lawyers have been in contact with Apollo Currency submitting Cease and desist letters.
Before Project Snake Oil:
Starting June 11th 2018, our lawyers have been sending Apollo Currency cease and desist letters summoning Apollo Currency to comply with the JPL.
After Project Snake Oil:
UPDATE: As of Aug 5, 2018, we confirm that the copyright violations have been corrected. It took four C&D letters, and this public notice, to finally enforce our IP rights.
Official statement from Jelurida
https://www.jelurida.com/jelurida-apollo-public-statement
So, here I am again… Left with a sense that The Apollo Foundation, The project Team, The ever growing community. Are all weathering multiple Super FUD Events. Only for the shade being thrown to be anything but Scamy…
Has Apollo become a victim of its own success?
Is The Apollo project not following the rules?
Is NXT sore that Apollo is set to break away from the original Open source technology, moving The Olympus Wallet 2.0 unto its own separate Hermes Blockchain?
Is NXT simply covering themselves legally…
My first review of the Apollo Wallet is what made me a believer in Apollo. I am fully onboard with the Nxt Blockchain Creation Kit being a tried and true platform, that was an excellent choice to attempt creating a crypto currency as dynamic as the Apollo Currency plans to be. I'm pulling for the successful launch of the Wallet and its partnerships utilizing HERMES to its full potential. Oh and the inevitable exchange volume consistently raising in value would be awesome. Yea i'm looking at you Airdrop winners... Its like Death from a thousand cuts
My parting advice. Don’t let FUD lead you to thoughts of despair. Protect your common sense, and do your own DD.