Update from Apollon CEO: November 15, 2018

3 min readNov 17, 2018

Despite the turn in the market, at Apollon, we remain focused on the long-term vision. Our team are working on building a fundamental business that will support our currency long term.

This week we have continued to chip away at our 3 big rocks, added 14 new coins to the Nodebuilder Platform, and removed nodes with a negative balance to increase our margins.

Read on for our full update!

Press

Featured: DailyBuzz Thursday 15 November 2018, by Masternode Buzz
Featured: DailyBuzz Wednesday 14 November 2018, by Masternode Buzz

Update on our objectives:

1. Raise capital

As discussed previously, we have been working on a larger deal that will ‘sweeten’ the deal of Apollon to investors. We are doing our due diligence which has led to the prolonging of the deal. Our team is currently waiting on accounting work by the other party to ensure we are working with true numbers. Once those have been established we will be able to create a proper valuation for our company.

That is all I can share at this time… although I do realize that is rather cryptic.

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2. Increase our monthly recurring revenues

Over the last 10 days, our team have notified our community that we would be shutting down nodes that had gone into a negative balance. On Wednesday evening this week we did so.

Although this has led to our number of nodes going down, it has also reduced our costs of hosting and team monitoring hours. Our margins have increased as a result of this, which in turn will help lead to a more predictable revenue model long term.

3. Add 100 coins to the platform

The great thing about working with an overseas team is that they are working all night long, and you wake up you find the great work that they have done. This week we have added 14 new coins to the Nodebuilder platform, bringing us to a total of 86 coins.

New coins added this week: