ApolloX | Decentralized E-commerce Marketplace

atteh (39)in #blockchain • 6 years ago

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The internet has brought lots of good achievements to the human world and keeps getting better every day. One of what the internet has created I the E-commerce market where thousands of people people get to shop online every single time, this achievement has brought every one easy access and reliable to receiving their purchases unlike physical trading. Despite the benefits and advantages of online shopping there is still two major problems affecting it which is dishonest sellers and customers receiving and damaged or poor quality products. This two problems has been causing a lot of issues in online shopping, making the sector losing users. For example when a user order for a product and when it reaches him the product has been damaged and most online shoping platform do not give warranty on products and if they do they might not refund or replace the damaged item which brings lack of trust to users.

When the E-commerce industry saw this they decided to implement the top two companies eBay and Amazon to save as a middle man in buying and selling online so to check and guarantee safety and genuine products. This has been working great for huge companies but for small companies it isn't. Companies like Amazon force Seller to pay about 30% of the merchandise price to the middleman. And this has caused small business to be lacking behind. Another issue is the data transpracy, Sellers pay more fees to purchase this valuable information and make up the cost by increasing the margin of their products. Consumers often have no or very little control over their own data and to make the the small online business and E-commerce industry keeps growing this has to stop and show the small business some love to keep them running and not losing out, this is why Apollox has studied and stepped in the E-commerce industry to keep small online businesses gaining more and keep running.

ApolloX is using blockchain technology to build a large scalable marketplace system which is fully transparent and has beneficial element for both vendors and consumers. The ApolloX team got together in 2016 to study and solve the problems of dishonest sellers and customers receiving damaged or poor quality products in online shopping. ApolloX is using the blockchain technology because it's the next generation technology with high security, low fees, fast and transparent transactions. With this buyers and sellers can enjoy their transactions and purchases. Sellers can also save a significantly with the elimination of intermediaries fees which then creates lower priced merchandize. Buyers will enjoy purchase protection against fraudulent sellers or false advertisement provided by the ecosystem without paying extra cost. ApolloX will make shopping more easy, damaged free and save sellers and buyers money which the need to spend before.

ApolloX is also the first to use blockchain technology to solve online e-commerce major problems with a large number of existing participants and mainstream adoption. It also has the potential to disrupt the existing online marketplace landscape and become the first choice of online channels to sellers globally, especially new sellers with cross border selling needs. Apollox will also allow existing marketplaces or online shops to migrate their business to ApolloX platform for cost reduction, faster customer acquisitions and better brand recognition.

The ApolloX marketplace is independent and built with lots of technology to help users. It will bring back trust in online shopping with the inbuilt technology. It's highly secure and easy to use, with the marketplace seller won't need to pay to middleman because it's a decentralized marketplace and all transactions are secure and transparent between buyers and sellers. Sellers and buyers also have control over their data through the ApolloX marketplace. It is also built to identify fake products and reviews, because this is the more important part to bring trust into e-commerce and the team has built a highly standard technology to identify fake reviews and products. All payments are also made through the marketplace capable of fast transactions and secure payment.

Token details

The ApolloX Token "APXT " is built on the Ethereum ERC20 standard and its a utility token it will be used as payment currency to purchase any product on the ApolloX marketplace, it will also be use as a reward to those that help the community. The token is also minable and miners will be rewarded with the token. Buyers can mine by sharing their shopping history and social profile. Sellers can mine by listing and selling best-selling products.

Ticker: APXT
Platform: Ethereum
Token Type: ERC20
Total supply: 10,000,000,000 APXT
Available for sale: 3,500,000,000 APXT (35%)
Pre-sale Time: 01 Sept 2018 - 21 Sept 2018
ICO Time: 01 Oct 2018 - 15 Oct 2018
ICO Price: 1 APXT = 0.0055 USD
Accepting: ETH, Fiat
Soft cap: 4,000,000 USD
Hard cap: 14,000,000 USD

Token Distribution