The emergence of blockchain technology brings a whole new system and model for businesses. Before the advent of blockchain, firms and organizations that operate for profit should notice some way to bill their consumers to confirm profit. They also need to travel through several channels to make sure that they’re clear.
With blockchain, a corporation will issue its own tokens supported sensible contracts which offers users transparency and direct involvement within the organization’s selections in line with the accord model.

This transformation of model is finding its way into the ecommerce trade. The rise of on-line searching giants within the last two decades is profound. However, the centralized nature of the trade creates issues that can’t be really solved if the system stays centralized. The goal of decentralization within the e-commerce trade is to create a system that edges the sellers and consumers equally and conjointly place a superb user expertise over profits.

About ApolloX

ApolloX is a project that has the aim to golf shot the ecommerce trade on the blockchain. It is a blockchain solution for online e-commerce with a huge number of current participants and mainstream adoption. Its aim is also to disturb the current online marketplace landscape and become sellers first choice of online channels globally, particularly new sellers with cross border selling needs. Present marketplaces or shops can also decide to move their business to ApolloX platform to reduce cost, quicken customer acquisitions and better brand recognition.

Uses of ApolloX

• Decentralized Marketplace: The decentralized marketplace comes with a supreme user experience.
• Independent Stores: The platform powers independent stores with blockchain and the ApolloX network, charging low fees and producing traffic.
• E-Commerce Services: This is to provide service businesses for sellers and buyers for example, decentralized shopping data exchange and decentralized shopping insurance market.

ApolloX Protocol

ApolloX protocol is a protocol layer that makes creating decentralized e-commerce applications and services on blockchain very easy. It consists of other protocols such as;

• Attribution Protocol: Attribution protocol pays community for referral traffic and affiliate sales.
• Payment Protocol: Its function is to securely transfer payment between buyer and seller to stop frauds and quicken turnarounds.
• Reputation Protocol: Reputation protocol is a trustworthy review system for products and sellers. It rewards authentic high quality reviews and punishes fraudulent actions.
• Oracle and Data Protocol: This is a trustable data IO between ApolloX platform and external apps to increase the value of data in ApolloX platform.
• Arbitration Protocol: Its function is to resolve disputes in a transparent and well-organized way through stake and challenge with rewards.
• Community Built Protocol: Very soon every ApolloX member will be able to build their own protocols that will best serve and advance the ApolloX community.

ApolloX Token Economy

The ApolloX Token (APXT) is built to make transactions easy within ApolloX ecosystem and encourage positive contribution to the community.
There are numerous ways for every role to earn and spend APXT in the ecosystem.

• Consumers earn when they share social accounts. They can earn APXT by opening accounts and connecting social networks.
• Sellers will pay for services on ApolloX network. They need to pay for platform service fees like advertisement and search ranking with APXT.
• Members bring in affiliate traffic and are rewarded with APXT for affiliate orders.
• Premium members who hold APXT tokens get perks like discounts in buying and free service.

The inefficiencies of the present condition of the ecommerce industry create an opportunity for a decentralized system of operations. These inefficiencies are corrected by the ApolloX protocol and it provides a way for buyers and sellers to transact with the transparency and trust that blockchain brings. The ApolloX team will change the industry into one that is more transparent, cheap, and fair.

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