Hello all, Last time I introduced you to the ApolloX project, you can review here: My article
And today I will talk more about the benefits of this project
ApolloX is a platform for building decentralized e-commerce applications and services on blockchain. ApolloX will use tokenization and decentralization to replace today’s rent-seeking enterprise with a new model of complete shopping protection, data security and minimal commission
In the e-commerce market, there are giants like Alibaba or Amazon ,, but why need ApolloX ?
Although Amazon's sales growth in China in 2016 increased 1300% time, but:
❖ The fees of the platform and sales charges take a big part of the product’s value (15% to
25%)
❖ Hidden marketing and advertising costs within the marketplace itself.
❖ The delusion of your brands v.s. The brand of the marketplace.
❖ Losing control over your own data for both sellers and buyers.
(According to statistics in Whitepaper)
And ApolloX was created to bring together people, engage sellers and buyers, and create trust for others even when the store is not well known and a long-standing reputation.
One of ApolloX's missions is:
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.
With a market value of $ 100 billion now, the development of ApolloX is necessary and will occupy a large market share in the future. along with a team of young and potential founders.
Our founding team are from MIT, Stanford, Tsinghua, Google, and Newell Rubbermaid with extended experience in cross border e-commerce and blockchain infrastructure. We are backed by reputable venture capital from US and China.
(According to the Website)
If you are a trader, or a chain of supermarkets and online retailers, you can not ignore this project
Below is detailed information about the project, read more here:
