Hi Crypto-Info, I have to say that Ive read your message with very much interest. I have passed it to the Apollo Executive Team and asked them for an answer/point of view. This is what Ive received from them:
We raised money from private investors as well as had the financial backing of our strategic partners. We had originally considered distributing via airdrop only but ended up deciding it would undervalue Apollo as a currency. We had enough funds available to complete the minimum stated timeline before we started the coin distribution event. We did not start the CDE as a fundraiser or crowdfunding campaign and its success will not determine the outcome of our end product. Regardless, we will work to complete Apollo in its entirety.
Regarding the CDE / ICO question this is the answer that I have received from the Apollo Executive Team:
No one from the Apollo team would have been qualified to answer the questions that were brought up to them. Most likely these were answered by Telegram Admins that had not been trained on the legalities.
Furthermore, we are set up as a non-profit corporation and have applied as a 501c3 tax exempt corporation but have not received a final verdict on acceptance of tax exempt status. Regardless, we are a legal structure set up as a non-profit corporation. The person that said we had not applied obviously did not have the knowledge or authority to do so.