APOLLOX: A DECENTRALIZED MARKET PLACE ON BLOCKCHAIN
Abstract
Millions of people around the world today make use of online e-commerce and this is because someone in one end of the world can easily buy goods and services from the other end of the world. But the problem is that many of the existing e-commerce like eBay, Alibaba, overstock e.tc is that there are too many middlemen and this make some of the product on this platform very expensive for their customers. This is the reason ApolloX is going to make use of decentralization and tokenization which will replace today's rent seeking enterprise with a new model of complete shopping protection, minimal commission and data security.
INTRODUCTION
Millions of people around the world today make use of online e-commerce and this is because someone in one end of the world can easily buy goods or service from the other end of the world. Millions of people who buy and sell goods online prefer the online e-commerce because with it they can easily cut down their expenses i.e sellers doesn't really need to have a physical shop or store and buyers from around the world won't need to have to leave their comfort zone. Sellers just place order for goods that are available and set a price for them and at times their may be a code name for a product i.e #CD007 available at $500, #CR008 at $600. Buyers from around the world will see the picture of the products which means that the code name doesn't really change the real value of the product. If a buyer want to buy a product all the buyers have to do is just click on it , check like the pictures of the product and if the buyer like such product he or she just pay for it. But the problem is that with many of the existing e-commerce like eBay, Alibaba, overstock and many more is that there are too many middlemen and this make some of the product on this platform very expensive for their customers. Also millions of customers around the world will make use of card payment which also means that their card companies or bank that this users make use of will also deduct charges. This is the reason why ApolloX bring a decentralized global e-commerce which will make use of blockchain technology and new mechanisms so that millions of people from around the world can be relieve. ApolloX is going to make use of decentralization and tokenization which will replace today's rent seeking enterprise with a new model of complete shopping protection, minimal commission and data security.
BENEFITS OF APOLLOX
- Market place: the platform bring a market place where people around around the world can be able to sell and buy goods and services. This market place is a decentralized market which will make use of blockchain technology.
- ApolloX protocol: The platform protocol layer make easy for anyone in every part of the world to be able to build decentralized e-commerce services and applications on blockchain.
- ApolloX community: This is going to bring manufacturers , customers , sellers , technologists and service providers from every part of the world together. Community members will have the privilege to contribute on the platform and get reward for providing value.
USE OF FUNDS
All the funds that will be raised from ApolloX token sell will be use for the following purposes.
It will be make use of the development of the ApolloX Protocol
Partnership and strategic partners
Part of the fund will also be spend on the legal side.
It will be use for marketing of ApolloX platform to millions of people in the world. By making use of social media blogs and media houses around the world.
Operation expense related to migrating the ApolloBox platform to ApolloX Marketplace
TEAM
The team is made up of people who have years of experience in application development, e-commerce ,business , marketing and blockchain technology.
CONCLUSION
This is a very unique project that developed a platform where people in every part of the world can be able to buy and sell easily, without the help of a middle man and without having to spend the extra charges that bank will deduct/ charge when users make use of their bank card or credit card for an online payment.
For more information on ApolloX, kindly visit this links.
Website: https://apollox.network/
Whitepaper: https://apollox.network/downloads/ApolloX_whitepaper_v2.2.pdf
Facebook: https://www.facebook.com/apolloxnetwork/
Twitter: https://twitter.com/apolloX_network
Telegram: https://t.me/apolloxgroup
Medium: https://medium.com/@apolloxnetwork
Reddit: https://www.reddit.com/r/ApolloX/
Writer: dammy
Bitcointalk Username: dammy1988
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1340111;sa=summary