A brief introduction into Apex

Got 3 minutes? Let me give you a brief introduction into Apex(CPX), what it aims to do and why I think it’s going to be a big deal.

Apex completed their ICO in January 2018, but the company behind Apex, Chinapex, have actually been around since 2012. Chinapex recently rebranded into Apex Technologies, a testament to the commitment and belief in their blockchain solution. Apex Technologies has over 100 employees and more than 300 enterprises as customers and provide business to consumer management, consumer insight through AI, marketing and big data analytics. The blockchain solution of Apex is a continuation of what its mother company offers, adding additional benefits such as improved customer experience, trust and privacy. Furthermore the architecture of the blockchain creates a smooth ecosystem in business to business and business to consumer relations. In short, they have a functioning organization already in place backing the Apex blockchain.

Data has been claimed to be the oil of the 21st century; however, current data management is centralized, lacking in quality and precision and capitalizes on consumer data without individual control or monetization. By giving the individual control of what data to share and to whom Apex is compliant with the new personal data protection laws such as GDPR, removing the third party and creates possibilities for the individual to be compensated for its data and at the same time improves the quality of the collected data. Adding value to both consumer and enterprise. Another exciting aspect of the blockchain ecosystem is the ability for company specific loyalty programs to be connected between enterprises and loyalty points exchanged between each loyalty program, e.g. frequent flyer miles for hotel nights or a free coffee, adding value for both consumers and for companies that improves their consumer management. Oh, and Apex Technologies have developed an AI solution that amongst other produces consumer insights for its customers and big data analysis that will be implemented in the upcoming blockchain.

The Apex blockchain is launching its testnet in September 2018 and mainnet is scheduled for Q2 2019. The blockchain architecture will be a mainchain with sidechains for each company. Each company will stake CPX tokens in a supernode and the community will be able to stake CPX in supporting voter nodes in a hierarchical structure dependent of the amount of CPX staked. Each CPX token transaction in the sidechain have a token fee associated with it that is collected by the supernode and part of that CPX is distributed to the supporting voternodes, generating passive income. CPX holders can besides staking CPX in voternodes support the blockchain through creating data cloud nodes that provides data storage and accessibility and by doing so collects a small fee for each transaction.

I’m not the only one that is excited about Apex and were it is going; Apex has been included in the Microsoft Accelerator program, was awarded “Most promising technology startup” by Standard Chartered, it made the Forbes’ “2018 China’s 50 Most Promising Companies” list and was recently ranked as the number one AI company by China Internet Weekly.

But as always, DYOR.

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Telegram: https://t.me/APEXcommunity

Development plan: http://cdn.chinapex.com.cn/med/videos/to/APEX-Development-Plan-eng.pdf

Website: www.apexnetwork.io