E-COMMERCE

supzeel (38)in #ico • 6 years ago

E-commerce is simply the art of carrying out buying and selling activities online or over the internet. This has made the world a global online marketplace, such that it has changed the way people buy and sell. Online shops owned by thousands of sellers have been able to make people purchase items without limitation of geographical area or closing hours. Infact, E-commerce has also helped grow business for small and large sacle sellers. The E-commerce market is predicted to increase at a rate of 246% to reach US$ 4.5 trillion in revenue by 2021.
Furthermore, online shoppers and sellers increase anually by 20% and predicted to reach 2 billion shoppers by 2021. E-commerce and the global online marketplace has helped improve technology as mobile applications accross various operating systems for shoppers and sellers are developed to ease trading, new payment methods are also introduced and it keeps getting better.

CURRENT ISSUES WITH E-COMMERCE

The E-commerce is dominated by major centralized online market such as AMAZON and E-BAY. These centralized marketplace are a blessing and at the same time a bottleneck especially to small scale sellers. These small scale sellers especially new ones just entering into the market might have no choice than to make use of the centralized platform, reason because Amazon and the large centralized marketplace are the only trusted marketplace buyers go to so as to avoid getting scammed or buying fake products. The centralized large marketplace in turn capitalize on these facts to take advantage of the sellers. These pose a lot of disadvantages on the sellers part. These disadvantages include;
i. High commission and sales charge of up to 25% of product's value
II. Losing control over data
iii. Hidden advertisement cost within the marketplace
Iv. Delusion of Brands
v. High middlemen fee
These issues keep persisting and they tend to create less profit for sellers, especially in a very competitive marketplace. The best way out of these current issue is to make the online marketplace DECENTRALIZED.

APOLLOX AS THE PERFECT SOLUTION

Apollox is using the blockchain based decentralized technology for online business owners. Apollox creates a whole new experience for sellers compared to what they have on the aforementioned online marketplace. On Apollox, sellers and shoppers can interact and carry out an optimized trading exercise without midddlemen or having to fear about issues mentioned earlier. ApolloX is taking the online Marketplace to the next generation by applying blockchain based technology to help realise the goal of having a decentralized marketplace. Blockchain technology, will help build a large scalable marketplace with a fully transparent and beneficial element for sellers and shoppers. The platform will charge very minimal fee and put away intermediaries which will help lower the price of merchandise.
ApolloX will be the very first blockchain based online marketplace and already boast of quite a large number of participants. Apollox allow buyers to enjoy purchase protection against fraudulent sellers or false advertisement. This is rovided in the platform's ecosystem at no cost at all. Such a decentralized marketplace, will bring better advantages as market expereience to both sellers and shoppers. The Apollox protocol is kept open source and overseen by all individuals. Every economic activities are kept in decentralized database.

APOLLOX TOKEN (APXT)

Token: APXT
Price 1 APXT: = 0.0055 USD
Platform: Ethereum
Accepting: ETH, Fiat
Soft cap: 6,000,000 USD
Hard cap: 14,000,000 USD

The Apollox token codenamed APXT has to be used on the Apollox marketplace and with applications built with Apollox protocol. It's uses include;
i. Purchasing Products and getting discounts.
ii. Promotions and marketplace services.
iii. Rewards and Loyalty program
iv. Mining for resource providers
vi. Internal transaction for Apollox community members
The token sale is expected to launch after the incorporation of the ApolloX foundation. 10 billion APXT are expected to be issued.

TEAM

The Apollox team consists of members from giant IT companies such as Google, MIT, Newell to mention a few. The team is led by Will LI and he is also one of the co-founding members.
To get more information about the project and roadmap, visit www.apollox.network

USEFUL LINKS

Website: https://www.apollox.network
Whitepaper: https://www.apollox.network/downloads/ApolloX_whitepaper_v1.0.pdf
Telegram: https://t.me/apolloxgroup
Bitcointalk Bounty Thread: https://bitcointalk.org/index.php?topic=4797667.0