ApolloX: THE FIRST TRUE BLOCKCHAIN SOLUTION TO E-COMMERCE
The benefits e-commerce has brought to business transactions and shopping experience cannot be overemphasized by individuals to transact, buy and sell goods on the internet. Despite the benefits and advantages internet brought to transactions and business, blockchain technology is offering a solution far more superior an upgrade to the current state of the e-commerce industry through the ApolloX platform. In the simplest explanation, E-Commerce is viewed to embrace all commercial and economic transactions that take place electronically, including Electronic Data Interchange and Electronic Funds Transfer while blockchain technology can be regarded as a technology that creates a world in which contracts are embedded in digital code and stored in a transparent and shared databases, in these databases the codes are protected from deletion, tampering, and revision. Thereby offering full transparency, security, and privacy of data and also transactions are automated thorough smart contracts creation. ApolloX aims to explore the benefits of blockchain technology to solve the current problems of lack of trust, transparency, monopolistic dominance by giants e-commerce companies and the middlemen who have plagued the global E-commerce industry.
WHAT IS ApolloX
ApolloX ID offering the global e-commerce community a solution to its current problems by creating an ecosystem that is blockchain fast, cost-effective, secure and global. ApolloX will be the first true blockchain solution to e-commerce because it aims to offer the mainstream adoption of by allowing it will offer new business and opportunity to grow while also allowing existing online marketplace to move their business to the ApolloX platform in order to enjoy cost reduction, faster customer acquisitions and better brand recognition thereby amalgamating the old and new online marketplace all in one platform.
PROBLEMS ApolloX HAS COME TO SOLVE
Lack of Trust: Despite the convince e-commerce has brought to shopping experience the inability of costumes to trust merchants has been a major issue. Customers are afraid of being scammed because most online shopping platforms contain phishing and malicious links they tend to invade customers privacy. This leads to the lack of trust which has been affecting new businesses who wishes to set up an online shop for people to buy goods of their need. This lack of leaves newcomers into the industry with just two options either they spend heavily on advertisements or has to take their service on well known online platforms in order to survive.
Middlemen and intermediaries activities: The atmosphere current e-commerce industry is polluted with the activities of middlemen in form of agents and intermediaries who increases manufacturing cost by an approximate 5 times the original price. Intermediaries have now become rampant that they are in all aspects of e-commerce from logistics, warehousing, advertising and many other activities involved in e-commerce.
High commissions on trades on the current marketplace: current online marketplace takes up to 25% of gross sales for operating a storefront on their platforms. Apart from these huge commissions from sales, the sellers would still need to pay the online marketplace for advertisement, warehouse, and logistics in order to increase traffic on sales.
WHAT ApolloX HAS TO OFFERApolloX is offering the global e-commerce community a rare opportunity of an efficient and effective e-commerce marketplace that solve all current problems of fraud, trust issues, high commissions and a marketplace for all fee from the influence of giants e-commerce companies through blockchain technology and smart contracts creation. Some of the many benefits the ApolloX platform are listed below.
Transparency: All transactions on ApolloX protocol are stored in a transparent database in which every member can verify the validity of such transactions.
A platform filled with trust: through smart contracts creation, transactions are completed automatically whenever the conditions of contracts are met by parties involved in the contract. This will eliminate the issue of trust and mistakes associated with human factor during transactions.
A platform for all: Today the e-commerce industry is dominated by huge online marketplaces like Amazon and eBay who exploits businesses who want to set up shop on their online marketplace to gain recognition of their income. With ApolloX decentralized marketplace sellers can set up shop for free with over 90% reduction in listing cost and the minimum transaction on the ApolloX marketplace.
A bridge between Crypto market and traditional financial market: many individuals do not understand blockchain or have the experience of transacting using cryptocurrency. With ApolloX they have an opportunity to experience the efficiency and effectiveness of blockchain technology by using the APXT tokens for their shopping experience.
Small brands can also have their own independent web stores on ApolloX platform. ApolloX Protocol provides a one-stop solution platform for sellers to easily create their own independent web stores running on the blockchain.
The ApolloX Tokens ( APXT)
The ApolloX ecosystem is tokenized ecosystem powered by APXT, ApolloX own native token. APXT is built on Etherum blockchain according to the ERC-20 token standards. APXT will facilitate all transactions within the ecosystem and have various use cases for various participants of the ecosystem. For buyers, it’s a means of payment for goods bought, while seller use APXT to increase sales through various means available on the ApolloX decentralized marketplace.
To know more about ApolloX visit the following links
Website:
https://apollox.networkWhitepaper:
https://apollox.network/whitepaperAnn Thread:
https://bitcointalk.org/index.php?topic=4650252Telegram:
https://t.me/apolloxgroupFacebook:
https://www.facebook.com/apolloxnetwork/Twitter:https://twitter.com/apolloX_network
