APOLLOX | Empowering Decentralized Global E-Commerce

Greeting to the whole community in my blog, i'm proudly excited to review this amazing working network called Apollox

ApolloX is proud to announce the launch of its decentralized global blockchain platform, that will empower future e-commerce businesses with trust, transparency, data ownership and minimal fees.

The ApolloX platform, which is built on blockchain technology like smart contracts, is incorporating decentralized e-commerce applications and services to create an open and democratic ecosystem. Here buyers and sellers can directly connect and have an optimized online shopping experience without monopolistic intermediaries.

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.

Apollox Progress

Over 100 global brands and online shops have become members of the ApolloX decentralized marketplace within 2 months since the announcement of the ApolloX platform. Many brands and seller communities positively responded to the new blockchain based marketplace model that ApolloX is building. Based off these reviews, the ApolloX team aims to partner with 1000 stores before the platform’s official launch.

ApolloX will launch with 1 million users and 15 million annual revenue thanks to its strategic partner ApolloBox, a fast growing vertical marketplace in the US. ApolloX users will be able to use both APXT(ApolloX’s native token) and fiat currency to make purchases from ApolloBox and earn rewards.

As a decentralized platform supporting e-commerce shops, the ApolloX protocol itself is managed and checked by all members and kept open source. Every aspect of ApolloX, from the token economic to the user experience design, is built to promote and reward positive community contributions from buyers, sellers, manufacturers, and service providers.

ApolloX founder and CEO Will Li believes that more brands will use decentralized e-commerce platforms as their primary online sales channel because they offer transparency and independence.

“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,” says Will.

BENEFITS OF APOLLOX PLATFORM TO VENDORS.

Vendors are given full access to consumer data which helps in making informed decision as regards product innovation.

Vendors will have larger customer base.

Reduction in transaction cost on the ecosystem.

Recognition of vendors brand.

The ApolloX platform is being created by the team behind Apollo Box, a Silicon Valley based e-commerce company that has over 800 vendors, close to 1M active users in the US and has been featured in prominent publications like BuzzFeed, HuffPost and TechCrunch. Made of individuals from notable schools and companies like MIT, Stanford, Duke, Newell Rubbermaid and Google, the ApolloX team has extensive experience in cross border e-commerce and blockchain infrastructure.

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.

The Team

ApolloX founding team are from top university and companies including MIT, Stanford, Tsinghua, and Google. ApolloX is also backed by reputable ventures in both US and China: Amino Capital, Redmoon Capital, and Hofan Capital.

ApolloX team has successful track record in building e-commerce marketplace. They founded ApolloBox in 2016 and now has 1 million active users, over 800 global brands, and $15 million annual run rate. 

For more detailed informations, visit:

ANN Thread: https://bitcointalk.org/index.php?topic=4650252

Website: https://apollox.network/

Telegram: https://t.me/apolloxgroup

Facebook: https://www.facebook.com/apolloxnetwork/

Twitter: https://twitter.com/apolloX_network

Authorship: Joecolern

BTT profile link- https://bitcointalk.org/index.php?action=profile;u=2246034