√ ApolloX Protocol - Empower Decentralized E-Commerce Marketplace - Tupai Lugu

Tuesday, September 25, 2018

ApolloX Protocol - Empower Decentralized E-Commerce Marketplace

ApolloX is a platform for building decentralized e-commerce applications and services on blockchain. ApolloX will use tokenization and decentralization to replace today’s rent-seeking enterprise with a new model of complete shopping protection, data security and minimal commission. Built on Blockchain, Apollox promises to provide a platform for creating e-commerce applications in a decentralized manner. Apollox uses Blockchain technology and tokenization to create a new shopping mod. The new shopping mod will have the minimum commission, greater security, and better shopping protection.

ApolloX platform currently has 1 million users and 15 million annual GMV thanks to its strategic partner ApolloBox. Over 200 global brands and online shops have become members of the ApolloX decentralized marketplace since the announcement of the ApolloX platform. We expect to have more than 1000 stores before the platform’s official launch. This makes ApolloX the world's first decentralized marketplace with 1 million users.

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.
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.

Why Decentralized E-commerce ?
  1. Trust is the most expensive commodity Pay excessive commission for endorsement.
    Smart Contracts and Community arbitration provides trust at zero cost.
  2. Data Monopoly brings unfairnessConsumers lose private data. Sellers face unfair competition with marketplace platform.
    Transparent data access control by both consumer and seller.
  3. Aligning Incentives for Platform and UsersPlatform prioritizes profit over the value of each user’s interest
    Tokenization aligns the incentive between the platform and users and promotes healthy growth
The ApolloX Protocol :
  1. Attribution Protocol - Rewards community for referral traffic and affiliate sales
  2. Payment Protocol - Securely transfers payment between buyer and seller to prevent frauds and accelerate turnarounds
  3. Reputation Protocol - A trustable review system for products and sellers. Rewards authentic high quality reviews and penalizes fraudulent behaviors
  4. Oracle and Data Protocol - Trustable data IO between ApolloX platform and external apps to amplify the value of data in ApolloX platform
  5. Arbitration Protocol - Resolves disputes in a transparent and efficient way through stake and challenge with rewards
  6. Community Built Protocol - Soon all ApolloX members can build their own protocols that will best serve and advance the ApolloX community
ApolloX Use Cases :
Decentralized Marketplace - The decentralized marketplace with an unparalleled user experience
Independent Stores - Powers independent stores with blockchain and the ApolloX network , charging minimal fees and producing intrinsic traffic.
E-Commerce Services - Service businesses for the sellers and buyers, such as decentralized shopping data exchange and decentralized shopping insurance market.

The ApolloX Token :
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 Apollox token will be used to enable transactions within the Apollox platform. The Apollox tokens will be given to users as joining bonuses and as rewards. S lers need to make payment using the Apollox tokens.

Premium Apollox token holders will also receive discounts for their purchases.
The presale whit ist for the Apollox ICO is open and closes in another 15 days. As per the information provided by Apollox, there will be two stages of the token sale. The presale is happening in early September and there is a 20% bonus associated with it. Acceptable cryptocurrencies for purchasing the Apollox tokens are Bitcoin and Ethereum. Exchange rate for the tokens is mentioned as 1 Apollox token equal to $. 0055. 35% of the application’s tokens are available for sale.

Apollox already has a few reputed names in its investor’s list- Hofan ventures, Amino Capital and Force lab. Apollox also has a formidable team of experts specializing in various disciplines like Blockchain, E-commerce, Technology, and Logistics.

We will host two stages of token sale for ApolloX Tokens. The community pre sale will happen on early September.
Pre Sale Period Sep 1, 2018 - Sep 21, 2018
Number of tokens for sale 3,500,000,000 APXT (35%)
Pre Sale Bonus 20%
Tokens exchange rate 1 APXT = $0.0055
Acceptable currencies ETH, BTC
Minimal transaction amount 0.5 ETH, 0.025 BTC

ApolloX 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

ApolloX Team :
Our founding team are from MIT, Stanford, Tsinghua, Google, and Newell Rubbermaid with extended experience in cross border e-commerce and blockchain infrastructure. We are backed by reputable venture capital from US and China.

More Information about ApolloX, See more below :

Find out about the development of the ApolloX project, I will discuss in the next article about the Token sale or ICO at a later time.

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