Review of ICO ApolloX

snowdawn (7)in #cryptocurrency • 6 years ago

ApolloX is an e-commerce ecosystem on the blockchain, the purpose of which is to create a safe environment for both buyers and sellers. In addition, one of the key advantages of the system is a significant reduction in commission costs, cheating prices for goods, by eliminating the chain of intermediaries.

Leadership and project team

Will Li - CEO of ApolloX. He graduated from the Massachusetts University of Technology, most of his career worked as a developer, owns such programming languages as Java, C ++, is a specialist in mobile development, block development. In companies he worked either as a developer or as a leading developer.

The first experience in the creation and management of the company was received in 2015, when he became the founder of Mage Inc. At the moment, it's completely concentrated on Apollox.

Claire Zhou - co-founder and product-lead. Specialist in machine training, statistical research, on-line marketing. He has extensive experience in management positions.

Shan Ma is a leading platform economist, a specialist in Internet marketing with a focus on e-commerce, a specialist in developing partner programs, conducting advertising campaigns by mail, SEO. During her career she worked both in academic positions, for example, economist at Stanford University, and in commercial structures.

In addition to the management team, the company employs more than 10 people, specialists in business analytics, e-commerce, programmers, PR managers, etc.

Market size

What is the market volume in monetary terms? What are the prospects for market growth?

Volume of the market

The e-commerce market is one of the fastest growing in the last decades. So, by 2021 it is predicted that the global volume of the global online sales market will be 4.50 trillion dollars. This means that the market will grow almost 2 times from today's level.

It is interesting that the volume of cross-border trade will grow outstripping, compared to the volumes of electronic commerce within countries, at a pace, and this is one of the key activities of the Apollox platform.

Product development stage

Apollox is in the active development stage, currently preparing to release the beta version of the system, and after it, by the end of the year, will be released a working alpha version of the product. Already in the spring of 2019, the full functionality of the platform will be launched in a test mode and at full capacity of the system will be released in 2020.

Product appeal for customers

Do I need Apollo for clients? Until you see bad reviews in online stores, and also see customer complaints about unscrupulous sellers, the answer is obvious - certainly needed and relevant!

Increasing the volume of e-commerce will lead to the emergence of a large number of scammers who want to profit from trusting customers, so ApolloX is certainly necessary for users.

Competitors

The platform will operate, in fact, in several related markets, including the marketplace of products where the company will have to face the competition of such giants as Alibaba, Aliexpress, JD.com, Amazon, Ebay, and a number of smaller organizations.

On the other hand - the designer, in fact, online stores for third-party organizations, where more than a year there are such projects as Shopify, Wix, BigCommerce, Weebly and others. Nevertheless, the project has obvious advantages that will allow, if not to break out into the leaders, then certainly take a certain niche in this sector of the business.

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