Chinese Fintech Incubation Zone Officially Begins Operations in Guangdong Province

The Chinese fintech incubation zone located in the Guangdong province has officially started its operations, Chinese news outlet Chinese Software Developer Network (CSDN) reports Dec. 21.

According to the article, the zone — which officially opened Dec. 20 — has a total area of 120 square kilometers and already hosts the headquarters of over 20 companies. The zone and its administration will reportedly offer the companies project financing, office space and policy guidelines, and will overall “promote the transformation and application of technological achievements.”

CSDN notes that the Guangdong financial high-tech zone will “focus on the major needs and major pain points of the financial [industries] encouraging blockchain and other technologies in finance, manufacturing, trade.” The zone will begin with fostering pilot projects, and then will move forward in order to “culvative a group of blockchain financial technology enterprises and innovation teams.”

In November, the “Guangdong, Hong Kong, and Macao Dawan District Blockchain Alliance” had been established to promote innovation and sustain the development of blockchain tech. CSDN mentions the three districts as areas for expanding the use of the technology.

China, which has long been cracking down on cryptocurrency by banning both domestic and foreign exchanges, and even crypto-related social accounts, seems to be heavily investing in blockchain technology. As Cointelegraph reported this week, a media copyright protection alliance has been created in Beijing to provide copyright protection employing blockchain technology.

Also in December, Shenzhen, a major city in the Guangdong Province and home to the first economic special zone in China, announced that it will use blockchain technology for electronic tax invoices.

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Blockchain Startup Apollon Begins Token Crowdsale July 16th for a Pan-Entertainment Ecosystem


This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Bitcoin Press Release: Blockchain project Apollon is launching a pan-entertainment, commercial payment and settlement platform, an innovative entertainment, leisure industry and digital economic system.

July 16th, 2018: The Apollon Blockchain project is a visionary means to develop a commercial-level integrated infrastructure to support related businesses applications. Presently, the costs of implementing a blockchain into a business model are time and resource intensive with the requirements of [G1] knowledgeable staff to maintain and operate the system as well as expensive hardware upgrades; it’s an industry-wide issue that is pushing many enterprises, small and large, away from this incredible technology.

Bridging Entertainment Businesses with Blockchain

The platform services will cover the entire entertainment industry, which includes but is not limited to tourism, gaming, fashion, hospitality. Apollon provides these services regardless of the scale of operation, nature of the business and geographic locations. Additionally, the Apollon eco-platform bridges the borders between these entertainment and leisure mediums offering direct trading which removes the costly and unnecessary middleman who scrapes profit percentages at every possible opportunity.

With this gone, users can benefit from true business-to-business (B2B) or peer-to-peer (P2P) trades without the “value-added” service from middlemen, resulting in lower transactional costs. At the core of the Apollon business model, there are key features that are the focus of the Apollon project; firstly, a community marketplace concept offering a wide and diverse offering of pan-entertainment, secondly, robust blockchain technology with side-chain and high security.

APO Tokenomics

Blockchain technology beats traditional e-commerce platform offerings, utilizing electronic wallets, smart contracts as well as clearing and transactional convenience. It’s a secure and capable payment tool and payment gateway, and finally, a 2-tier currency structure to alleviate a platform operators pain points. [G6]

The platform will utilize two cryptocurrencies, firstly the Apollon Token (APO) it’s primary cryptocurrency with an intrinsic market value that can vary over time and a second operational currency Called LCASH which is pegged to the value of $1 USD. This is an intermediate token that acts as the transactional currency between consumer payment and settlement with a reassuringly stable value.

The Apollon exchange allows merchants to rapidly convert tokens into their desired currency; through the redemption platform gateway, merchants can freely convert any digital currency, online platform token and legal currencies within the ecosystem.

Apollon Event

Appollon recently held an hour’s presentation at a JP event, on July 10th. More than 3000 attendees were present during the Apollon presentation which was followed by a speech from CEO, Alan Lau. The event was highly successful, with plenty of interest proposed by attendees. The expertly qualified brains backing the Apollon platform possess critical years of experience technology finance whilst have significant presence in the blockchain and cryptocurrency industry. Notably, CEO Alan Lau is renowned for his work with Hewlett-Packard (HP), playing a vital role in making HP a famous brand in China with his work on the UNIX online trading system and making it a part of the Shanghai Stock Exchange.

More recently, he has taken to several other fields as an investor, developer and executive in the Internet of Things industry as well as being an advocate for other disruptive technologies touted to be integral to the coming of the fourth industrial revolution.

APO Token Sale and Fund Allocation

There is a total of 2,500,000,000 APO tokens that will be issued and Apollon has just concluded its token presale which ended July 13th that had 210,000,000 available. The main crowdsale begins July 16th with 248,000,000 APO tokens available for purchase. Apollon will be utilizing funds accrued to upgrade, develop and deploy the Apollon blockchain infrastructure, ecological construction and marketing as well as further develop its payment/settlement system.

Visit the Apollon Official Website: http://www.apollon-foundation.org

Read the Whitepaper: http://www.apollon-foundation.org/static/file/Apollon_Whitepaper.pdf

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