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Greeting to you all cryptocurrency investors, welcome back to my Blog . Today , i will review a project called ApolloX that wants to disrupt the current e-commerce industry by presenting a fully decentralized market on blockchain and providing innovative solutions to overcome various problem and solves the above problems with a blockchain-based protocol that empowers decentralization in the e-commerce industry.
Apollox OVERVIEW
ApolloX is a decentralized ecosystem that connects buyers and sellers around the world with efficiency, transparency, and trust. The ApolloX E-Commerce Ecosystem presents a peer to peer transaction model, complete shopping protection, data security, and minimal commissions.
The ApolloX platform wants to utilize blockchain technology to provide benefits to sellers and buyers in the e-commerce industry globally. Thanks to the presence of the ApolloX Protocol, merchants all over the world can easily create fully decentralized E-Commerce applications and services on the blockchain.
ApolloX provides transparent data access control to traders and buyers. Users have complete control over who can see their data. Users can grant rights or sell them.
Decentralized E-Commerce ApolloX offers tokenization that harmonizes incentives between sellers and platforms, triggering healthy growth. ApolloX will deduct all unnecessary costs and intermediaries, making product prices and costs lower.
Some of the great features and elements that make up the ApolloX protocol are the payment protocol, the reputation protocol, the attribution protocol, the oracle and data protocol, the arbitration protocol, and the community build protocol. The payment protocol is responsible for the secure payment transfers between parties involved. The reputation protocol is a review and ratings system for sellers and products. This helps to prevent fraudulent activities. The attribution protocol is designed to provide rewards for referrals and affiliate commissions. The oracle and data protocol is for data communication between external applications and the ApolloX platform. The arbitration protocol is designed to be a effective way to resolve any disputes. Finally, the community protocol is to allow anyone to design and build a protocol of their own.
ApolloX Token Economy
The ApolloX Token (APXT) is built to make transactions easy within ApolloX ecosystem and encourage positive contribution to the community.
There are numerous ways for every role to earn and spend APXT in the ecosystem.
Consumers earn when they share social accounts. They can earn APXT by opening accounts and connecting social networks.
Sellers will pay for services on ApolloX network. They need to pay for platform service fees like advertisement and search ranking with APXT.
Members bring in affiliate traffic and are rewarded with APXT for affiliate orders.
Premium members who hold APXT tokens get perks like discounts in buying and free service.
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.
Conclusively, The inefficiencies of the present condition of the ecommerce industry create an opportunity for a decentralized system of operations. These inefficiencies are corrected by the ApolloX protocol and it provides a way for buyers and sellers to transact with the transparency and trust that blockchain brings. The ApolloX team will change the industry into one that is more transparent, cheap, and fair.
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
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