APOLLOX: DECENTRALIZED BLOCKCHAIN BASED E-COMMERCE MARKET

One of the most popular activities on the web is shopping. It comes with so much allure and can be done at one’s leisure at anytime of the day. Thanks to E-commerce, literally anyone can have their web pages to display their specific goods and services. E-commerce comes with lots of merits over brick and mortal stores. Consumers can easily search through a large database of products and services, see their prices, select items into their wish list carts, place an order for items and they get delivered at their door step within the shortest period of time! Unfortunately, despite the tremendous feats of e-commerce, the industry is plagued with challenges such as high rates of frauds and scammers taking advantage of the online platform, customer loyalty issues as there is minimal direct contact between customer and companies, non-guarantee of product genuineness or quality to mention a few. In order to solve these problems, Amazon and Ebay, two massive e-commerce companies who were among the first to adopt online and electronic transactions for shopping stepped in to serve as an intermediary for problem resolutions, payment conductions between vendors (sellers) and consumers. Based on the established trust in their brand, sellers place their goods in their store while consumers purchase from their reputable stores online. However, these companies charge exorbitant rates for items to be listed on their platform and for those products to be marketed to reach the target audience. About 30% of the item value is paid by sellers who wish to utilize their services, these exorbitant fee contributes to the item being over-priced, hence consumer buy for high rates. Also these companies since they deal directly with consumers gain free unrestricted access to their data which they in turn use for services paid for by vendors, these access to data also gives them an upper hand over smaller online stores hence taking advantage of them. To proffer solutions to this and instill trust in consumers while ensuring that they have access to quality items purchased online, a platform name ApolloX protocol has emerged.

Apollox Protocol is a platform which leverages on blockchain to build a decentralized marketplace for conduction of highly organized, transparent e-commerce activities. The platform aims to create an ecosystem that is targeted at connecting vendors and consumers with shared interests with the sole aim of maximizing economic benefits

Through tokenization model as a form of incentive for users in the platform, every member work towards the growth of the ecosystem while benefitting themselves in the process. Users are rewarded with valuable tokens and these tokens increase in value based on general activities of every user. The more consumers shop in ApolloX network, the higher the value of the token. Whenever any participant tries to go against the ethics and principle of transacting on ApolloX network either by selling fake items or by scamming other users, the entire community in a bid to preserve the value of their token kicks against such act as it adversely affects the token value if such act is encouraged. Hence, the ecosystem is protected by its member and its growth and development is sustained by the entire community.

BENEFITS OF APOLLOX PLATFORM TO USERS
• Elimination of intermediaries and middlemen charges, thus bringing about low priced goods affordable to the masses
• Protection of consumers against frauds and scammers
• No unauthorized access to consumers’ data as all shopping data in ApolloX protocol are encrypted and permission enabled. Hence, data can only be decrypted by user who possess the key
• Saves cost for sellers and buyers
• Guarantee of quality of goods purchased
• Incentivizing users with ApolloX tokens

TOKENS
Tokens that fuel the economy of Apollox Protocol platform are known as ApolloX tokens (APXT). Tokens are used as form of payment by sellers to bid for promotional services, as well as to have their products listed on the ApolloX platform. Goods on the platform can be paid for using APXT or fiat currencies. Also customer loyalty programs will be paid for using the ApolloX tokens. New buyers, sellers with best selling items, members who refer other members to the system and those holding the tokens for a certain period of time will be rewarded with Apollox tokens.

TOKEN SALE INFORMATION
Token Ticker: APXT
Total Supply: 10,000,000,000 APXT
Total tokens to be sold: 3,500,000,000 APXT
Price: $0.0055
Pre Sale: September 1st-21st 2018

For more information about ApolloX, kindly visit:
Website: https://apollox.network/
Whitepaper: file:///C:/Users/MEDIPLAN/Downloads/ApolloX_whitepaper_v2.2.pdf
Facebook: https://www.facebook.com/apolloxnetwork/
Twitter: https://twitter.com/apolloX_network
Telegram: https://t.me/apolloxgroup
ANN Thread: https://bitcointalk.org/index.php?topic=4650252
Writer: Crypto4ruby
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350