ApolloX Protocol
ApolloX protocol is the standard for empowering a new generation of decentralized global e-commerce. ApolloX enables building decentralized e-commerce applications and services on blockchain. ApolloX uses tokenization and decentralization to replace today’s rent-seeking enterprise with a new model of complete shopping protection, data security and minimal commission.
ApolloX Cuts Out the Middleman
Blockchain technology will do for ecommerce what it does for industries across the board: streamline the process with a trustless system. ApolloX is giving ecommerce a much needed backend adjustment.
Decentralized Trust
Instead of relying on an entire company to maintain trust between buyers and sellers, the execution and utilization of ApolloX protocols means trust will be provided by community consensus.
For example, if a buyer runs into problems with a fraudulent seller, they know their case will be reviewed by a group of their peers. Their centralized equivalent would profit from the success of the transaction, regardless of the damage done to the buyer.
Lower Prices
With the current ecommerce model, we pay up to 5 times the amount an item costs to manufacture for convenience. Every link in the supply chain is taking a profit. By implementingblockchain technology to the platform, we’re closer to conducting business peer-to-peer.
With the implementation of the ApolloX protocols comes a drastic reduction in listing costs. Where Amazon charges their sellers $20, ApolloX charges $1. Advertising costs could eventually be cut in half, along with shipping costs dropping by 20%.
The ApolloX team anticipates a reduction of 40% for consumers by eliminating middlemen with the blockchain.
Data Control
Inherent in blockchain technology is the ability to encrypt sensitive information and store it on an immutable ledger. If the information needs to be accessed, a user is able to do so with their private key.
ApolloX only allows buyers to access their browsing and purchasing activity. Buyers can even choose not to leave any activity history. By having access to this valuable information, users can voluntarily share their data with service providers on the network to earn rebates or personalized services.
This allows buyers to control the ads they have incentive to receive, while sellers lower customer acquisition barriers and costs by obtaining their customers’ shopping behaviors. The ApolloX protocol gives its users incentive to focus on improving their product or service instead of spending time and money competing with large corporations with unfair advantages.
Aligning Buyer, Seller, and Platform
Perhaps one of the most interesting elements of decentralized ecommerce is how it contrasts with the organizational structure of its centralized counterpart. Traditional ecommerce platforms clearly distinguish buyers and sellers, while simultaneously maximizing their own interests as a service provider company.
The incentives for users in a decentralized ecommerce platform are prioritized and intertwined with one another. Each individual’s interests are linked to the long-term success of the platform as a whole, whether they’re looking to obtain APXT tokens or increase the value of their tokens. Everyone is creating value for the community while seeking benefits for themselves.
The native APXT token has two purposes: it facilitates transactions and incentivizes contributions to the ecosystem. This intertwined incentive creates a self-governed system that echoes the original intent of blockchain technology.
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