Every year, e-commerce is increasingly being introduced into the world economy. Nevertheless, most online stores have a number of obvious problems that hamper their development. The most particular problems include: the choice of goods (often information about goods is inaccurate), ordering, weak support services, abuse of user data. All these problems, and many others, can be brought to naught if we go to a decentralized scheme.
Today we will tell you about the block-project ApolloX, created specifically to address the above problems.
The ApolloX blockchain-protocol is designed to organize decentralized trading. The ecosystem unites sellers with buyers, allows them to interact without intermediaries, on terms of trust. In general, the platform will make more opportunities for the online market.
Five components of the platform:
This development is a series of smart contracts necessary for the automation of the payment system, excluding fraud. A payment protocol is required to determine all payment processes.
This technology allows shops and sellers to quickly monitor the traffic of goods, without spending additional funds for it. Traffic information is stored in the blocks of the platform, which can only be used by access rights. The protocol is used in the distribution of incentives for users of the ecosystem, which contribute to the development of traffic.
Technology is designed to prove reputation with reliable feedback. In the field of e-commerce, good reviews are as important as ratings and review articles. The platform filters reviews, and all those who leave a truthful and constructive response are rewarded, and fraudulent reviews are punished.
Data Protocol and Oracle
To ensure the reliability of incoming information, it must be checked for compliance with the conditions prescribed in the smart contracts. This applies, above all, to advertising data and personal information about products and services.
In any market, there is always a chance of controversy. The protocol operates under the “Deposit-call-to-vote” scheme. The subject of the dispute is the coins of the system. A panel of arbitrators thinks that the dispute is resolved, members of this group receive a reward in the tokens after the resolution of the problem.
The coin system is the main element in the functioning of the ecosystem. It is an instrument of both management and promotion, thanks to which transactions are conducted. But, besides this, the token has a wide additional functionality.
In total, the system will have 10.000.000.000 APXT (system coins). 1 coin is equal to 0.0055 US dollars. The project is created on the Ethereum platform. Buy coins for ETH and Fiat. Soft-cap – $ 4 million, the upper limit of sales – $ 14 million. The project is registered in Singapore and banned in the US and China.
Pre-sale. The stage runs from September 1 to September 22.
ICO. The main sales will be held from October 16 to October 31.
General distribution of coins:
– 15% share of the team;
– 10% is reserved for marketing needs;
– 7% share of advisers and partners;
– 5% ApolloBox;
– 35% are put up for sale;
– 28% reserved for end users.
Where will the collected funds go?
– 30% ApolloX development protocol;
– 10% funds for partnerships and strategic partners;
– 15% legal expenses;
– 39% Marketing for the ApolloX platform;
– 15% operating expenses (primarily, relating to the transfer of ApolloBox to the Apollox Marketplace).
To date (September 8), in the official group in Telegram there are 20514 subscribers, Twitter – 2093, Facebook – 740, Reddit – 160, Medium – 25. Something you can already see in the Github project.
The campaign allocated 100 million APXT tokens, which would be equivalent to 600 thousand dollars. The campaigns began on August 1 and end on September 30. Distribution of funds:
– 20% pool of translators;
– 15% allocated to Reddit;
– 5% support pool on Twitter;
– 15% subscription campaigns in Bitcointalk;
– 5% allocated to Facebook;
– 10% of the VIP program;
– 5% support pool in Linkedin;
– 5% share of participants in Telegram;
– 5% weekly AMA moderation pool;
– and another 15% content pool.
In December 2017, the ApolloX Foundation was established to study the potential for blockchain e-commerce. In April this year, a whitepaper was presented. And in May the systems were inter-connected with the Apollo Box app. In October, the beta version of ApolloX will be presented, and in December – the alpha version. In April next year, the company will launch a test trading platform. By 2020, ApolloX will become a fully decentralized service.
Strengths of the project:
– We will have a decentralized market with a number of completely new functions for users;
– with the help of the system, any seller will be able to try to sell their goods with the help of a blockchain;
– includes insurance of purchases and the service of decentralized services for the exchange of trade information
– developers guarantee a high level of security, both for sellers and buyers.
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