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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.
ApolloX is a decentralized ecosystem connecting buyers and sellers with trust and efficiency, without information storehouse and commission fees. The ecosystem has three building squares.
Shops Powered by ApolloX
Independent web stores and decentralized marketplaces worked with ApolloX Protocol.
ApolloX Protocol
A protocol layer that makes it easy to assemble decentralized e-commerce applications and services on blockchain.
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ApolloX Community
A fast developing network of manufactures, sellers, customers, service providers and technologists. Network members contribute and get rewarded for offering some incentive to the whole network.
Decentralized Marketplace: to purchase and sell without intermediaries
We are attempting 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.
Why Decentralized E-Commerce?
Trust is the most expensive product
Pay excessive commission for endorsement
Smart Contracts and Community arbitration provides trust at zero cost
Data Monopoly brings unfairness
Consumers lose private data. Sellers face unfair competition with marketplace platform
Transparent data access control by both consumer and seller
Aligning Incentives for Platform and Users
Platform prioritizes benefit over the value of each user's interest
Tokenization aligns the incentive between the platform and users and promotes healthy development
PROTOCOL
Attribution Protocol
Rewards people group for referral traffic and affiliate sales
Payment Protocol
Securely transfers payment between buyer and seller to prevent frauds and accelerate turnarounds
Reputation Protocol
A trustable review system for items and sellers. Rewards authentic great reviews and penalizes fraudulent behaviors
Oracle and Data Protocol
Trustable data IO between ApolloX platform and external apps to amplify the value of data in ApolloX platform
Arbitration Protocol
Resolves disputes in a transparent and efficient way through stake and challenge with rewards
Network Built Protocol
Before long all ApolloX members can manufacture their own protocols that will best serve and advance the ApolloX people group
USE CASES
Decentralized Marketplace
The decentralized marketplace with an unparalleled user experience
Independent Stores
Powers independent stores with blockchain and the ApolloX network , charging minimal fees and delivering inborn traffic
E-Commerce Services
Service businesses for the sellers and buyers, for example, decentralized shopping data exchange and decentralized shopping insurance market
ApolloX Token Economy
ApolloX Token (APXT) is designed to facilitate transactions inside ApolloX ecosystem and promote positive commitment to the network.
There are multiple ways for each role to earn and spend APXT in the ecosystem.
Earn for sharing social accounts. Customers can earn APXT by opening accounts and connecting social networks.
Pay for services on ApolloX network. Sellers need to pay for platform service fees, for example, advertisement and search ranking with APXT.
Rewards and Affiliate Program. Members get affiliate traffic earn APXT as rewards for affiliate orders.
Perks for members holding APXT. Premium members who hold APXT tokens receive perks, for example, rebates in purchasing and free service.
ApolloX ROADMAP
Nov 2017
ApolloBox passed $1M monthly sales.
Dec 2017
ApolloX Foundation founded for exploring blockchain technology for e-commerce
April 2018
ApolloX releases whitepaper
May 2018
ApolloX Token integrated with ApolloBox app
Oct 2018
ApolloX front-end system beta version release
Dec 2018
ApolloX alpha version running on distributed nodes
April 2019
ApolloX decentralized marketplace starts test operation
Q3 2019
ApolloBox migrates all operation onto ApolloX Infrastructure
2020
ApolloX becomes a fully decentralized service
Team
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.
Will Li
Co-founder & Technology Lead
Claire Zhou
Co-founder & Product Lead
Dr. Shannon Ma
Marketing Lead
Dr. Yusi Zhang
Cryptography Researcher
Kyle White
Marketing & Community
Bowen Liu
Full-Stack Engineer
Jannelle Garcia
PR Specialist
Arianne Paulino
Logistics Specialist
ADVISORS
Zaki Manian
Jun Wu
Huican Zhu
Chris Li
Felix Li
Jennifer Wang
Visit the links below for more information:
Website: https://apollox.network/
Whitepaper: https://www.apollox.network/downloads/ApolloX_whitepaper_v1.0.pdf
Telegram: https://twitter.com/apolloX_network
Facebook: https://www.facebook.com/apolloxnetwork/
Twitter: https://twitter.com/apolloX_network
Authored by Lelvin
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1275173
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