In recent years, the Blockchain industry is growing rapidly throughout the world. Various industrial sectors are competing to implement technology that is the basis of cryptocurrecy. The same thing happened to the world of e-commerce which grew bigger. These two factors seem to be innovations from ApolloX to create a decentralized Global E-Commerce ecosystem
What is ApolloX?
ApolloX is using blockchain technology to create an ecommerce services platform that is decentralized. The goal for ApolloX is to create something that will replace the model of today, which can have high fees and other issues. They look to improve security, shopping protections, and lower fees and commissions with the blockchain decentralized platform.
There are three main building blocks that comprise the ApolloX ecosystem. They are the ApolloX protocol, ApolloX powered shops, and the ApolloX community. Shops will be built using the ApolloX protocol and will be independently operated by many different users. The protocol is what makes it simple for anyone to build an application or service for ecommerce on the blockchain. The community consists of sellers, manufactures, service providers, customers, and technology experts. Members who provide value to the community have the potential to be rewarded for their efforts.
ApolloX Protocol Elements?
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.
How about the ApolloX token system?
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
Token Sale Information
- The figures are very impressive and there is a good product market fit.
- The team has experience ,good social appearance.
- Whitepaper could be improved with more finance information with competition analysis.
- The implementation of ideas has been widely tried by other projects to decentralize e-commerce
Bitcointalk Profile: Pixmartz
Link Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=841835
ETH Address: 0xa38370065430E1c101A339f0c779D52685c754D7