Apollox Protocol- World’s Future Decentralized E-commerce Platform.
Greetings to readers of my blog,, Today we will begin our acquaintance with the Apollox Protocol,,,, project .He drew my attention to the fact that unlike those block-projects that have been announced recently, he does not try to embrace all the spheres of application, but concentrates on a certain task with a clear applied value.
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.
Thanks to the world of technology mixed with the idea of APOLLOX making it possible for the success of this buyers and sellers connecting platform and standing it out in the wild of Cryptocurrency with its exceptional cutting edge effort, as a corner stone and swift transformation in the world of trading.
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. This is going to be a revolutionary shift in e-commerce,
Challenges Rocking the Traditional Transaction and e-Commerce ecosystem
Today, many small and new brands buy a good reputation and trust. Sellers buy consumer’s trust by paying for ads. To achieve credibility, some sellers would have to first spend a lot of money on advertisement to attract their first batch of customers. They then hope these customers will leave some good reviews about the website for future customers to see. They also buy social ads to increase their brand exposure, so new visitors can find a substantial list of seemingly trustworthy mentions of the shop when they research. This path always results in losing money and can take months or years before trust is established on the internet.
In the summary, despite the advancement of technology in most traditional financial institutions in today’s world with mind-set of removing the prevailing barriers in the payment/transaction system, lot of issue affecting the system is unfortunately still yet unsolved. The upgrade of these financial institutions to the use of payment tools like, credit cards, online transfer system still have not given an efficient and convincing answer to the question of security from fraudulent sellers, Transparency, Privacy in the systems and time management, completing a single transaction takes very long –say 1 to 3 days. Moreover, there are still high transaction fees attached to these tools.
Solutions to the Challenges
Existing issues as we described in the previous above can all be traced to the centralized nature of the traditional e-commerce companies and the presence of intermediaries, otherwise known as middle-men. The traditional internet cannot support real time value transmission or irrevocable contracts, which makes intermediaries an unavoidable piece of the transition. The profit-seeking nature of intermediary companies makes achieving profits the primary goal instead of providing a truly efficient and fair-trading environment. Using blockchain technology to realize the true decentralization of e-commerce marketplace is the only way we can fundamentally solve these problems. A decentralized e-commerce community will for the first time provide mutual protection to online buyers and sellers without a centralized company.
This is exactly what Apollox Protocol project is here for; the platform by upgrading the whole ecosystem to blockchain based platform, it can cut-off unnecessary intermediaries and conduct more peer-to-peer transactions and a price reduction of up to 40% for consumers is anticipated.
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
While domestic online sales are growing in almost every country, cross-border e-commerce will have the most explosive growth and the Asia Pacific region will lead the way. Forrester forecasts cross-border e-commerce outpacing domestic growth with a compound annual growth rate of 17% between 2017 and 2022, compared with 12% for overall B2C e-commerce.
Some of the great features of Apollox Protocol
- 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.
Dec 2017, Apollox team forms to explore the blockchain technology for e-commerce
March 2018, Apollox releases white paper and private sale
Q3, 2018, Apollx beta testing of marketplace X (front end)
Q4 2018, Apollox beta testing of ApolloX Protocol (database, web app)
Q1, 2019, Apollox releases beta version of Apollo X Protocol open source code
Q2, 2019, Apollox public testing of ApolloX marketplace with global access
Q3 2019, Apollox Box starts migrating businesses to run on ApolloX
Q4, 2019, ApolloX starts to accept public application of sellers
Q2, 2020, ApolloX becomes a fully decentralized service
Co-founder & Technology Lead
Co-founder & Product LeadConclusion
ApolloX Platform is initiated and backed with professionals with unquestionable wealth of experiences. Our team believes in the disruptive power of blockchain technology and smart contracts, and understands that most existing cryptocurrencies are great for techies but complex for common users; as such, the ApolloX wallet system will be designed with simplicity. So with them on the ApolloX project wheel, you can be rest assured that your investment is in the right platform.
For more information about the project and token sale, please visit the channels below;
Website : https://apollox.network/
Whitepaper : https://apollox.network/whitepaper
Telegram : https://t.me/apolloxgroup
Facebook : https://www.facebook.com/apolloxnetwork/
Twitter : https://twitter.com/apolloX_network
Medium : https://medium.com/@apolloxnetwork
ANN thread : https://bitcointalk.org/index.php?topic=4650252
Author of the article:
Bitcoinalk username : Cintashany01
Profile link : https://bitcointalk.org/index.php?action=profile;u=1661845
Facebook : https://www.facebook.com/max.bebasmardeka
Twitter : https://twitter.com/tarjoe_maximum
Telegram username : @TarjoeMaximum
ETH adress : 0x2b53a131742A8d2a03771C168267888D7ed5974f