Tokeneconomic of ApolloX - Decentralization of E-commerce

ApolloX is a project which aims decentralize e-commerce through blockchain technology ensuring minimum commission rates, and maxiumum level of data security and user protection. Main use cases of ApolloX are international decentralized marketplace, individual online store or integrated e-commerce services.

Utilities of ApolloX tokens

• Payment unit: APXT is used as payment unit of the platform. For instances; sellers can pay APXT for advertising fees or buyers can pay APXT to buy any product at the platform. User activity is the main driving factor over demands and circulation of ApolloX tokens.
• Loyalty & Rewards: Users will be rewarded by APXT if they perform certain activities such as filling personal profile. Also; it can be used for loyalty programs' reward.
• Additional value: Users who pay via APXT benefit from extra security due to nature of the smart contracts. Also; there will be special discounts to promote token usage.
• Miner reward: Resource providers, such as; hosting providers for ApolloX nodes, will be rewarded by APXT tokens.

Token Enhancements

• Rewards for Hodlers: Hodlers who have a certain amount of APXT tokens for certain time period will become premium members so that they can benefit from additional discounts, higher rebates, and other specific rights.
• Burning: After ICO ends, unsold tokens will be transferred to reserve funds instead of being burned.
  A small percentage of tokens which will be received as fee payment for platform services is planned to be burnt in order to enhance steady growth in token value in the long run.
• BuyBack: Currently it is not planned.
• Lockups: Tokens for the team, partners and advisors are subject to 3-year lockup period. These tokens will be equally released by 4-months periods.
  Also, a certain amount of tokens collected as fee for platform services or transaction fee will be locked for certain period between two and three years in order to enhance stable growth of the platform by balancing the circulation.
  

Token Details

• Token name & symbol: ApolloX token - APXT
• Blockchain: issued compatible with ERC-20 standart in Ethereum blockchain
• Explorer link: https://etherscan.io/token/0xc466a0889f755ca1408f6393dc81d01f93c5377f
• Total Emission: 10 billion APXT tokens
  • Tokens for sale: 3.5 billion APXT tokens
  • Tokens for community: 5% for bounty & marketing, 33% for reserve fund
  • Tokens for team & advisors: 15% for team, %12 for partners and advisors
  • Reserved tokens: 33% for reserve fund which will be used to help platform growth

Use of Raised Funds

• Platform development: 30%
• Operations of seller migration: 15%
• Legal expense: 15%
• Marketing: 30%
• Partnership and strategic partners: 10%

Token Sale Campaign

• Unit token price is indexed to USD as $0,0055. By the way; ETH price is fixed at $198.39 which is the opening price on August 9th. So; If you contribute 1 ETH to ApolloX presale, you will get 43,284 APXT
• Minimum amounts required to put the project into reality is $4 million, whereas; if all tokens are sold, the maximum amount could be raised is $14 million.
• Whitelist and Know Your Customer (KYC) procedures are applied.

Based on ICO price; the overall value of the project is calculated as 10 billion APXT tokens multiplied by $0,0055 unit token price equal to $55 million dollars. To consider as a benchmark;

• Amazon valuation has just over $1 trillion dollars (20,000 times more than ApolloX valuation)
• Current valuation of another blockchain project focusing on the similar field, Bezop is around $4,5 million dollars based on the current price at coinmarketcap.

Private Sale Round

ApolloX has raised around $2 million funds from significant venture capitals and industry players such as; Amino Capital

Pre Sales

It has opened since September 1st and the closing date is September 30th.
PreSales participants benefit from 20% bonus

Main Sales

It is scheduled between October 1st and October 16th. But; it is not the final, subject to change depending on market conditions.

To read more about ApolloX

ICO site: https://www.apollox.network
ANN thread: https://bitcointalk.org/index.php?topic=4650252
Whitepaper: https://www.apollox.network/whitepaper
Telegram group: https://t.me/apolloxgroup

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