Using ApolloX to better the Features of the Current E-commerce Platforms

Commerce has always been a very great and important activity in our lives, where users perform the act of buying and selling of goods. With the coming of the Internet, it evolved to the e-commerce where any user can stay at the convenience of their homes and use the Internet to shop for items, which could either be picked up later or be delivered to their home address. This method was so advantageous except for some small issues that could hinder the growth of the e-commerce sector and this is as a result of the customers not being able to physically see or touch the product before they buy it, so this could lead to the delivery of low substandard products or damaged and expired product. This issues now led to most e-commerce platforms to act as an escrow between buyers and sellers and also manage any dispute that arises from such transactions. Examples of such platform include Ebay and Amazon.

Challenges that faces the Current E-commerce Sector

The are a multitude of problems that currently face the current e-commerce platform and they include

• Getting Trust as a new e-commerce platform is very costly - with the increasing levels of scamming and fraud, a lot of users are sceptical about buying goods online and sometimes will want to see or hear proof that a particular online store has been patronised by someone else first before they make use of it. This is one of the reasons why most of the online stores now spend huge amounts of money on advertisements just to attract buyers that can leave good reviews about them. That way, potential customers in seeing the reviews can now have an assurance that can safely use the platform.

• Most of the Present E-commerce platform charge a very exorbitant commission - in order for a seller to get a much more wider and willing audience that will buy his or her good, he has to list the goods on popular marketplace such as amazon or eBay. But one of the issues is the fact that for this listing to take place, he has to pay a commission which is usually very high and outrageous. This now forces the seller to make an increase in the price of his goods.

• Low Transparency and Manipulation of Data to create an Unfair Competition - A lot of the e-commerce platforms makes use of a customers data and history to create a profile in which selected products will be shown and promoted to them at ease. And the platforms do not release or show the customers reactions and reviews of a products to the seller and this creates a level of competition.

• Other issues include Spending a lot of money on adverts, High commissions of third parties such as middlemen, the bait and switch method done by most of the popular market places.

All the above issues raised concerns that led to the creation of a platform called the Apollox.

The ApolloX Platform

This is an e-commerce platform that makes use of the decentralized nature of the blockchain technology to create and provide users with a very effective and fair-level trading conditions in order to solve all the above forementioned issues.
Due to the decentralized nature of the blockchain technology, all transactions will be very transparent with the elimination of fraud. Disputes will be able to be solved very easily with the use of Shopping data stored on the blockchain that cannot be tampered with and with the use of the ApolloX Dispute system.
There is also the removal of all unnecessary third parties from the transaction between buyer and seller and they will lead to a much more reduced costs and in turn allow the seller’s items to be affordable.
All shopping data stored in the blockchain will be available for the buyers and sellers in order to have a transparent background and a users shopping data will not be able to be accessed by anyone even the platform thereby creating a very fair marketplace.
Finally the ApolloX platform has the interests of its users at heart and doesn't partake in harmful activities such as the bait and switch. So the platform engages in activities especially with the use of its own token to create an arena where its users can benefit on the long term with the ApolloX Token Incentives.

The ApolloX Token and its Details

The ApolloX token is the native token of the platform and its being used for a number of activities done of the platform. This token is an ERC20 token based in the ethereum platform and it has the ticker of APXT. This token has a total supply of about 10 billion tokens and there is going to be a public sale in the future when the ApolloX foundation is launched. The tokens will be used in dapps that make use of the ApolloX protocol for

• Promotion and Marketing Functions
• Buying Good and Services and getting discounts
• Rewards and Loyalty Programs
• In Platform Transactions of its members
• Miners

Conclusion

Thus, the coming of the ApolloX platform will solve a lot of challenges being faced by the current e-commerce sector with the use of the decentralized nature of the blockchain to create the perfect ecosystem for a buyer and seller with a very high degree of trust, low fees being spent by the traders and the elimination of unfair competitions. This will now level the playing ground and give small time traders same chances as that of a Great merchant. There will also be incentives given to its users in order to encourage them to use the platform not harmful activities like bait and switch which is being done for most of the current platforms.
So with the coming of this platform, I believe it will be the future of E-commerce.

for more information on this great project, please visit

Website: https://apollox.network/whitepaper
Whitepaper: https://apollox.network/downloads/ApolloX_whitepaper_v2.2.pdf
Medium: https://medium.com/@apolloxnetwork
Twitter: https://twitter.com/apolloX_network
Telegram: https://t.me/apolloxgroup

Author - hamzeto
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