Please note! This essay has been submitted by a student.
The beginning of the 21st century is characterized by the rapid growth of the e-commerce industry, which has led to the emergence of such huge Internet companies as American Amazon, eBay, Chinese stores Alibaba, Aliexpress, JD.com and others that have become very popular. It can not be denied that during this time the industry has gone a long way and has made significant progress. Equally true is the statement that there are a lot of problems in the industry, the main source of which is excessive centralization: unjust pricing, hidden commissions, revealed facts of abuse of personal data of users, insufficient or incorrect information about the product, and so on. Decentralize its e-commerce, as well as solve the above-mentioned problems will help the project Apollox.
Apollox is an entire ecosystem for detailed e-commerce, working on a special protocol that allows e-commerce participants to work on the blockbuster. The main goal of the project is to unite sellers with buyers with the highest level of trust, transparency, without intermediaries and large monopolists. Apollox allows to achieve the following advantages: The decentralized level of trust that manifests itself in the following situations: suppose you have encountered a fraudster with the seller, this situation will be considered by the project’s oracle group; A significant reduction in prices, which is achieved due to the absence of intermediaries, which can increase the price at times; Secure storage and management of user data, which is achieved by encryption of blocking technology. This means that not your data, not the history of your activity in a particular store, will not be available to third parties.
The ApolloX protocol As I said earlier, the basis of the system is the ApolloX protocol, the main components of which are: The attribution protocol, the essence of which is to reduce the cost of traffic for the store, through the use of referral programs, rewards for attracting customers; A payment protocol that allows for safe payments between buyers and sellers, backed up by third party insurance. In addition, it is possible to exchange cryptocurrency for a currency and vice versa; A reputation protocol that prevents the manipulation of ratings and product reviews, which allows you to create a true and unbiased understanding of the product among customers; Arbitration protocol, which is responsible for resolving disputes between buyers and sellers; A data protocol that is responsible for the interaction between ApolloX and external applications, in order to obtain new volumes of data on services and goods and, accordingly, to increase the value of the entire ecosystem; Finally, the public protocol, which is necessary to expand the platform ecosystem, provides the opportunity to create applications on top of ApolloX.
The economy of the token Project management Tokensail Name of the token: APXT; Price per click: 1 APXT = 0.0055 USD Soft Cap: 6,000,000 USD Hard cap: 14,000,000 USD Sales will last from 1 to 15 October 2018. To participate in sales, click on the link. Roadmap At the moment there is an active development of the platform, in the autumn scheduled for the beta test ApolloX.