ApolloX Protocol - extends the boundaries of e-commerce through decentralization

in #blockchain6 years ago

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Recently, many people have already noticed that e-commerce is gradually becoming more and more in demand. This determines the rapid growth and a fairly large number of emerging stores. However, in this sphere today there are also certain limitations and difficulties.

One such area is e-commerce - a huge industry that brings in trillions of dollars a year. There are many online stores, of which Amazon, eBay, and Alibaba are the most famous and popular e-commerce enterprises. They are intermediaries between the seller and the buyer. But, neither sellers nor buyers benefit from this. Payment of various fees, hidden costs, lack of trust, access to the client's personal data, security issues - all these shortcomings are the result of the fact that the entire e-commerce system has a centralized structure.

These difficulties often arise when choosing a product or order. The main problem is that the information about a particular product is largely untrue. As a rule, all these difficulties arise in companies that were built on a centralized model. Specialists of the ApolloX project argue that their platform will be able to solve many important problems in the future. Now it's time to learn more about this platform.
Decentralization in the e-commerce sector is an urgent need in our time.

What is the project?

ApolloX - is a decentralized ecosystem, which is intended for the field of e-commerce. She works on a social protocol that allows e-commerce participants to work on the blockbuster. The main objective of this project is to unite sellers with buyers at the highest level of trust, transparency and without intermediaries.

To the main advantages of many professionals include :
  • The decentralized level of trust that manifests itself in the following situations: if you are confronted by a fraudster, then a similar situation will be considered by the oracle group of this project.
  • Significant price reduction. It was achieved due to the fact that there are no intermediaries that can influence the formation of value.
  • Secure storage and management of user data. This has been achieved and achieved thanks to the encryption of blocking technology. Now your data will never be available to third parties.

Who will benefit from ApolloX

ApolloX seeks to build a decentralized ecosystem that will benefit both sellers and buyers. Any trading platform, from small online stores to decentralized markets, can use the ApolloX Protocol to build their own trading platforms, and it will be completely free for them.

Also, successful trading facilities can transfer their business to the ApolloX platform for lower costs, faster customer acquisition, and better brand recognition.

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The system operates on six protocol modules:

  1. Payment : there is nothing to explain - it's a system of calculations.
  2. Oracle and Data : protection of personal information. Blocking ensures safe storage / management of data.
  3. Arbitration : resolution of disputes involving "third parties" (also platform users) and their subsequent remuneration in ApolloX tokens. Faced fraudsters, the description of the goods on the page does not really correspond, the delivery is too long? That way. In addition, transactions are permitted to be concluded with the involvement of a third party (such insurance).
  4. Community Built : the main function is the creation of applications / services based on the development team ApolloX.
  5. Attribution : analysis of referral traffic and encouragement for active users (and other "buns" of the affiliate program).
  6. Reputation : the rating of each seller / product based on customer feedback. For honest reviews - reward in the form of tokens, for fraudulent - penalties.
    The most obvious way to achieve an increase in "reputation" is to take care of the quality of the product and organize sensible tech support. "Reputation" is worth the money! Convince users to pay attention to your online store - a difficult task.
For payments within the system, the "coins" of APXT (on the ERC-20 standard) will be used. The platform is used by their users, for example, for registering and linking social networks.

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Suppliers/manufacturers invest them in referral programs. Tokens holders are promised discounts on ApolloX products and services.

Why invest in ApolloX?

In three years the volume of the global e-commerce market will grow to $ 4.5 trillion, that is, double the existing one. Cross-border trade will increase at a faster pace than Internet sales within countries. Blocking is useful here because when paying for "crypt" it does not matter where you are - no commissions, no delays when transferring funds to another country.

ApolloX already invested in investment funds Amino Capital, Hofan Venture, and ForgeLab.

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Token

The APXT token is the main core of the entire ApolloX ecosystem. It's the unit of all transactions, stimulating and encouraging members of the community.
  • Ticker: APXT
  • Platform - Ethereum ERC20
  • Price of the token: 1 APXT = 0.0055 USD
  • Soft cap: $ 6,000,000
  • Hard cap: $ 14,000,000
  • Number of tokens for sale: 3,500,000,000 APXT

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Roadmap

In the "beta" platform will be released in October this year, in the first half of 2019 starters will test the general functionality of the site with the implemented blockade, and the release is scheduled for 2020. By the time ApolloX expects to expand the partner base from 200 to 1000.

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Conclusion

Eliminating intermediaries and protecting customers - these are the main goals pursued by the ApolloX project. Gradually, they begin to recede into the background, and soon the centralized e-commerce platforms will disappear altogether. They are replaced by new ones, such as ApolloX, offering more to their customers, worrying about their convenience and security. The platform extends the boundaries of our e-commerce vision today. This is a project of the future, realized today and representing to users a new level of Internet shopping. We have the opportunity to become a part of this project and to contribute to its development. We wish good luck to the team, the project and all those who believe in it!

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For more information about the project and the opportunities to participate, go to the links below:

Official website: https://www.apollox.network/
Whitepaper: https://www.apollox.network/whitepaper
Facebook: https://www.facebook.com/apolloxnetwork/
Twitter: https://twitter.com/apolloX_network
Telegram: https://t.me/apolloxgroup
Medium: https://medium.com/@apolloxnetwork
Reddit: https://www.reddit.com/r/ApolloX/

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It's very well written article! Thanks for the beautiful and well-explained article! I think this project has a very well future.

We are sincerely believe in the success of the project. thanks for share.

Great project thanks for the information.

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