APOLLOX - DECENTRALIZED PLATFORM FOR GLOBAL E-COMMERCE

APOLLOX - DECENTRALIZED PLATFORM FOR GLOBAL E-COMMERCE

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Greetings to you all readers, in this article i will be discussing what exactly this brand new and groundbreaking innovation is all about and i will appreciate your standing by till the end.

Thanks to the world of technology mixed with the innovation of this company(APOLLOX) making it possible for the success of this exchange platform and standing it out in the wild of cryptocurrency with its exceptional cutting edge effort, as a corner stone and swift transformation to sort this industry out in the pre existing issues battling cryptocurrency.

APOLLOX OVERVIEW

 ApolloX is a decentralized ecosystem connecting buyers and sellers with trust and efficiency, without information silo and commission fees. The ecosystem has three building blocks.

The ApolloX platform is incorporating decentralized online business applications and administrations to make an open and law based ecosystem. Here purchasers and sellers can specifically associate and have an optimized online shopping experience without monopolistic intermediaries.Each exchange on ApolloX is peer-to-peer, barring all middlemen. This saves sellers from paying additional charges and gives customers lower item costs. In the meantime, ApolloX protocol shields the two parties from misrepresentation and question with smart contracts and network based assertion at no additional cost. All shopping information is encoded and authorization empowered, just available to specialist organizations with the customer’s consent, which eventually illuminates security issues and lessens out of line rivalry.As a decentralized platform supporting web based business shops, the ApolloX protocol itself is overseen and checked by all individuals and kept open source. Each part of ApolloX, from the token monetary to the client experience configuration, is worked to advance and reward positive network commitments from purchasers, sellers, makers, and specialist organizations. 

Every transaction on ApolloX is peer-to-peer, excluding all middlemen. This saves sellers from paying extra fees and gives shoppers lower product prices. At the same time, ApolloX protocol protects both parties from fraud and disputes with smart contracts and community based arbitration at no extra cost. All shopping data is encrypted and permission enabled, only accessible to service providers with the customer’s permission, which ultimately solves privacy issues and reduces unfair competition.

Today’s e-commerce industry forces sellers to pay anywhere between 25% to 50% of the sale price to gain traffic and trust. Blockchain technology and token economy is a promising solution. By rewarding positive community contributions, ApolloX can reduce the cost of traffic and trust by more than 50% and form a transparent and equal e-commerce environment. Products will be 10% cheaper and you’ll never have to worry about scams or disputes when shopping on a new site. 

The ecosystem has three building blocks.Shops Powered by ApolloX 

Shops Powered by ApolloX

Independent web stores and decentralized marketplaces built with ApolloX Protocol.

ApolloX Protocol

A protocol layer that makes it easy to build decentralized e-commerce applications and services on blockchain.

ApolloX Community

A fast growing community of manufactures, sellers, customers, service providers and technologists. Community members contribute and get rewarded for providing value to the whole community. 

 APOLLOX TOKEN ECONOMY

ApolloX Token (APXT) is designed to facilitate transactions within ApolloX ecosystem and promote positive contribution to the community.There are multiple ways for each role to earn and spend APXT in the ecosystem.

  • Earn for sharing social accounts. Customers can earn APXT by opening accounts and connecting social networks.
  • Pay for services on ApolloX network. Sellers need to pay for platform service fees such as advertisement and search ranking with APXT.
  • Rewards and Affiliate Program. Members bring in affiliate traffic earn APXT as rewards for affiliate orders.
  • Perks for members holding APXT. Premium members who hold APXT tokens receive perks such as discounts in purchasing and free service.

 How APOLLOX operates

The ApolloX platform intends to build a strong relationship between sellers and buyers by making activities in the e-commerce platform smooth, highly scalable and making provisions for goods and services at attractive prices for both parties.To make all these plans successful, ApolloX platform intends to integrate the following features:

Blockchain technology

Only through the blockchain technology can complete decentralization, smart contracts, proper recording and security be achieved and this is the basis on which this platform is built.

Attribution protocol.This is a part of the platform’s module that is responsible for traffic control which is a big factor in the success of e-commerce platforms and will be maintained properly on the ApolloX platform and will also make sure that all data such as advertisement data meet required standards at a cheap price that can be seen transparently by the merchants and their customers.Payment protocolThis protocol is responsible for all transactions relating to payments between buyers and sellers and is also in charge of outsider insurance as well as the possible exchange of fiat currency to the cryptocurrency used by the platform.

Arbitration protocol

This protocol was created by the platform in other to solve disputes or conflicts that may arise between merchants and their customers in the process of purchasing goods. This dispute is solved using a Deposit-Challenge-Vote system where one party can open up the case by depositing a small amount of ApolloX token and the opposite party is also expected to do the same with both of them providing their own argument.

Data security and control

Various data is generated on a regular basis on every e-commerce platform that if not properly protected can fall into wrong hands but in other to avoid this, the ApolloX platform created a data protocol that is permission enabled and fully encrypted. This encryption makes it possible for only users with the passkey to access them i.e. completely safe with users getting to be in charge of all activities of the platform including their data. 

 Market Overview

It’s no longer breaking news that the global e-commerce market is growing rapidly and only shows signs of more growth. Cumulative data from Statistical anticipates a 246.15% increase in worldwide e-commerce sales, from $1.3 trillion in 2014 to $4.5 trillion in 2021 


 Apollox Protocol ATTRIBUTES

  • There is a Transparent Data Flow between Shops and Publishers- here, each participant on the platform can verify the integrity of data with permissions.
  • Token Based Incentive for Community Driven Traffic- incentives are given to ApolloX community members to encouraged them share products or shops to their family
  • Shipping Time Guarantee by ApolloX Payment Protocol- A smart contract for that shipping time guarantee will be created once the order is placed and executed based on the delivery status

APXT Token/ Sales Details

The ApolloX platform will initially generate and issue 10 billion tokens. The token sale will launch soon after the incorporation of the ApolloX Foundation.

38% of the tokens will be held in reserve for the marketing events and for future end-users, to encourage participation in the ecosystem. Tokens will be distributed to attract large brands to the ApolloX marketplace or used to attract developers to build feature enhancing applications on the ApolloX platform.

35% of the tokens will be given during the token sale.

5% of tokens will be pre-allocated to ApolloBox for its role in developing the initial ecosystem of ApolloX Marketplace. ApolloBox will contribute its brand and integration of 1+ million active users with ApolloX. 

 Public ICO will start in October 1 and close on October 15, 2018.


ROADMAP

Nov 2017

ApolloBox passed $1M monthly sales.

Dec 2017

ApolloX Foundation founded for exploring blockchain technology for e-commerce

April 2018

ApolloX releases whitepaper

May 2018

ApolloX Token integrated with ApolloBox app

Oct 2018

ApolloX front-end system beta version release

Dec 2018

ApolloX alpha version running on distributed nodes

April 2019

ApolloX decentralized marketplace starts test operation

Q3 2019

ApolloBox migrates all operation onto ApolloX Infrastructure

2020

ApolloX becomes a fully decentralized service

Conclusively, ApolloX is a platform developed with the priority aim of upgrading and improving drastically the safety and effectiveness of e-commerce businesses making sure it is capable to take in future companies coming into the e-commerce industry. ApolloX is invented to bring in solutions to the problems of security of data and speed that is currently plaguing the e-commerce sector globally. 

TEAM


                         Will Li

Co-founder & Technology Lead 


 Claire Zhou

Co-founder & Product LeadConclusion 

For more detailed informations, visit:

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1460674


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