ApolloX(APXT) ICO Review

4 min readSep 16, 2018

Introduction ApolloX

The advent of blockchain technology brings a brand new system and model for businesses. Before blockchain, firms and organizations that operate for profit should notice some way to bill their users to confirm profit. Also, they need to travel through multiple channels to confirm that they’re clear (which they generally still notice some way to evade). With blockchain, a corporation will issue its own tokens supported sensible contracts which provides users a surety of transparency and direct involvement within the organization’s selections in line with the accord model. This change of model is finding its manner into the ecommerce trade. the increase of on-line searching giants within the last a pair of decades are profound. The centralized nature of the trade, however, creates problems that can’t be really resolved if the system stays centralized. problems like unfair rating, hidden prices and knowledge abuse. the aim of decentralization within the ecommerce trade is to make a system that edges the sellers and consumers equally, and conjointly place a superb user expertise over profits.

One project with the aim of golf shot the ecommerce trade on the blockchain is ApolloX, that aims to make a blockchain-based scheme for all things ecommerce. ApolloX is intended to change ecommerce services and applications in an exceedingly manner that’s truthful and economical on the far side this standards of the trade. ApolloX believes that with the implementation of their model, ecommerce prices are often reduced by up to four-hundredth. Their goal is also to make Associate in Nursing scheme that thrives on community. The team concerned in PhoebusX has Associate in Nursing existing ecommerce platform referred to as Apollo Box. it had been launched in 2016 and has over one million active users these days.

Uses of ApolloX

Decentralized Marketplace: The decentralized marketplace comes with a supreme user experience.

Independent Stores: The platform powers independent stores with blockchain and the ApolloX network, charging low fees and producing traffic.

E-Commerce Services: This is to provide service businesses for sellers and buyers for example, decentralized shopping data exchange and decentralized shopping insurance market.

Data Control of ApolloX

Characteristic in blockchain innovation is the capacity to encode delicate data and store it on a changeless record. On the off chance that the data should be gotten to, a client can do as such with their private key. ApolloX just enables purchasers to get to their perusing and obtaining action. Purchasers can even pick not to leave any movement history. By approaching this important data, clients can deliberately impart their information to specialist co-ops on the system to win discounts or customized administrations.

Mission and Vision

The rise of the ecommerce industry in the last 2 decades has led to the emergence of giant online shopping companies such as Amazon, eBay and Alibaba. However, the centralized nature of this industry has created issues of unfair pricing, hidden costs, data abuse and more.The problems that the e-commerce industry is facing are based on their centralized model. ApolloX solves the above problems with a blockchain-based protocol that empowers decentralization in the e-commerce industry. ApolloX is to disrupt today’s e-commerce marketplace industry and provide everyone all the benefits of trading through a marketplace like Amazon without the unnecessary costs that come from monopolistic intermediaries.

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 believes that with the implementation of their model, ecommerce costs can be reduced by up to 40%. Their goal also is to create an ecosystem that thrives on community.

Token details fo ApolloX

Token: APXT

Platform: Ethereum

Soft cap 4,000,000 USD

Hard cap 14,000,000 USD

Number of tokens for sale: 3,500,000,000 APXT (35%)

Pre Sale Bonus: 20%

Tokens exchange rate: 1 APXT = $0.0055

Acceptable currencies: ETH, BTC

Minimal transaction amount: 0.5 ETH, 0.025 BTC

Roadmap

Website

Whitepaper

ApolloX’s Future

Will Li, founder and CEO of ApolloX, is betting on the blockchain. He believes that the future of global e-commerce is decentralization. As the decentralization improves transparency and gives independency, it has everything that it needs to succeed.

According to Li, the current e-commerce industry forces the sellers to pay between 25% to 50% of the money they get from sales to use the platforms. By rewarding the community and really creating a good ecosystem, the products will be cheaper and the system will work for everyone.

This new platform was created by Apollo Box, a company based in the Silicon Valley with over 800 vendors. The company already has full backing and has prominent angel investors like Amino Capital and Hofan Group.