Today, the introduction of internet has not only revolutionized our world- social life, it has also changed the dynamics of trade. However, despite this commendable development, it is appalling to note that the e-commerce market is flooded with dishonesty on the side of service providers (or goods sellers as the case may be)
APOLLOX
AppoloX positions its self as a change agent in the e-commerce industry. It seeks to address the existing problem in the e-commerce industry. By using blockchain technology it seeks to build an ecosystem on the pillar of trust, transparency to all members of its ecosystem – service providers and consumers. Unlike other marketplace (operating as a centralized platform) AppoloX offers consumers an hundred percent protection from fraudulent sellers who end up sending poor quality product to consumers contrary to what was advertised. More so, unlike other platforms, the charges levied for using the apollox platform is considerable low
Architecture
Some of the key factors in the Appolox design is the Attribution protocol and the Apollox payment protocol. The attribution protocol beats the centralized system in which in a bid to fight fraud in the marketplace loses over 25% as commission hence increasing the cost levied on sellers on their platform. The apollox maintains all information on its centralized database hence resulting in a lower cost of activity on its platform. Furthermore , it allows for consumers to earn money for referral. Also, sellers on the platform have the flexibility to place bounty on their products. The payment protocol allows for smooth sail of transaction between buyers and sellers. The protocol effectively addresses the continuous occurrence of shopping scam that plagues the centralized system. With this consumers no longer need to be afraid of losing their fund to the purchase of poor quality product. Their funds will be held by the payment protocol (in conjunction) with smart contract pending when the consumer verifies the goods are as described before the fund is released to the seller
TOKEN ECONOMICS
The official toke for the apollox platform is the APXT. A total of 10 billion apollox tokens will be created out of which 35% is set to be available for saleThe rest of the token is distributed between Advisors& Partners, Team, Apollo Box, Market and end users. The apollox token offers holders an opportunity to purchase products (they can purchase with fiat currency too), have their goods listed on the Appolox platform, Bid for marketing services. Members of apollox ecosystem who successfully referred others are rewarded with Appolox token
APOLLOX TEAM
Appolox team is made up of distinguished professionals in key fields needed for the development of the Appolox. They are led by Will Li, who is also the founder of the organization. Will is the founder of three different firms and also the winner of gold medal of International Physics Olympics. The Appolox team is assisted in advisory capacity by Zaki Manian, Tom Ding, Jun Wu, Huican Zhu, Mofassair Hossain, Jennifer Wang, Felix Li, Chris Li.
for more information check out the links below
https://apollox.network/
https://apollox.network/whitepaper
https://www.facebook.com/apolloxnetwork/
https://twitter.com/apolloX_network
https://www.reddit.com/r/ApolloX/
author
sweedy