E-COMMERCE FUTURE
A VIEW ON APOLLOX PROTOCOL AND TOKEN
The immense development of technology is bringing about different variety of service to choose from but the question his which of these variety is best and most beneficial to all users globally. In this article I will be talking about a new and user-friendly E-commerce platform which is ApolloX.
ApolloX uses the blockchain technology to build a digital market place system which is fair and beneficial to both seller and Consumers. ApolloX requires a very low or fair amount of fees from its members and execute the functions of a traditional E-commerce company but operates in a decentralized manner. Sellers can save a significant amount with the elimination of Middle men fees which then creates lower priced goods. Buyers get to enjoy purchase protection without paying extra cost. Shopping on a decentralized online shop not only saves money but also provides better protection to both parties.
APOLLOX PROTOCOL MODULES
In the decentralized e-commerce ecosystem, any transaction of money and sensitive information will be maintained by a smart contract system. ApolloX has a set of built-in functionalities called the ApolloX protocols, for all essential e-commerce transactions. we will discuss in detail how each module of the ApolloX Protocol handles typical e-commerce business activities in a decentralized manner.
ApolloX has five (5) protocol modules which allows it to run properly and give the best to its members. These protocol modules include:
1. Attribution Protocol
2. Payment Protocol
3. Arbitration Protocol
4. Reputation Protocol
5. Oracle and Data Protocol
1. ATTRIBUTION PROTOCOL
In any e-commerce business the incoming traffic is the most critical element it also the widest sector of the online shops. ApolloX’s attribution protocol allows shops to keep existing traffic channels with better transparency and at much lower costs. It also provides the following services:
· Transparent Data Flow between Shops and Publishers
· Token Based Incentive for Community Driven Traffic
2. Payment Protocol
ApolloX Payment Protocol provides an end-to-end payment escort process between Buyers and vendors. It also supports third party insurance and the exchange between fiat currency and cryptocurrency on ApolloX platform. ApolloX Payment Protocol can prevent a majority of online shopping scams with the help of distributed ledger. The ApolloX payment protocol also provide the following features:
· Smart Contract Based P2P Transaction Eliminating Frauds
· Shipping Time Guarantee by ApolloX Payment Protocol
3. Arbitration Protocol
E-commerce business is always discouraged by post-purchase and complaint. The complaint settlement from a centralized marketplace favors the customers and individual sellers do not have the strong negotiation power. Sellers don’t have to stay in the centralized marketplace if they are treated unfairly during disputes. why stay when there is ApolloX a decentralized e-commerce that treat both the Vendor and consumer fairly. ApolloX solves the issue of compliant through the employment of the popular dispute-challenge-vote mechanic in all dispute handling to ensure transparency.
4. Reputation Protocol
Most Customers rely on the reviews and ratings of products on a marketplace to make decisions. Therefore, it is important to prevent people from manipulating the review system and encourage Authentic reviews from verified buyers. To accomplish this, ApolloX Reputation Protocol has come up with the idea of rewarding authentic reviews and penalize fraudulent reviews.
5. Oracle and Data Protocol
ApolloX rely on certain outside information to keep the system running this info includes the logistics data and advertisement data. This information will be provided to their smart contract platform through the Apollox Oracle protocol. ApolloX Oracle Protocol opens up APIs for integration with existing logistics providers and advertising platforms. Logistics data, such as tracking numbers and delivery statuses, will be available as data oracle on apps on the ApolloX network.
APXT Token Sale
The ApolloX platform will initially generate and issue 10 billion tokens. The token sale will launch soon after the incorporation of the ApolloX Foundation.
Allocation of ApolloX Token
Diagram: Distribution of ApolloX Tokens
· 38% of the tokens will be held in reserve for the marketing events and for future end-users
· 35% of the tokens will be given during the token sale.
· 5% of tokens will be pre-allocated to ApolloBox for its role in developing the initial ecosystem of ApolloX Marketplace.
· 15% of tokens will be pre-allocated to the team for developing the technology and operating the Foundation.
Check out this links If You want to know more about ApolloX:
• WEBSITE: https://apollox.network
• TELEGRAM: https://t.me/apolloxgroup
• TWITTER:https://twitter.com/apolloX_network
• FACEBOOK:https://www.facebook.com/apolloxnetwork
• WHITEPAPER:https://apollox.network/whitepaper
• REDDIT:https://www.reddit.com/r/ApolloX
• MEDIUM:https://medium.com/@apolloxnetwork