ApolloX; a more transparent and efficient model for e-commerce
Where there are inefficiencies, there are opportunities for disruption. The global e-commerce industry definitely has inefficiencies, especially for its users, in the form of high middleman costs, high commissions, no data integrity and overpowered centralization. The ApolloX protocol has been created to solve these issues leveraging blockchain technology. The team estimates that it can reduce the total costs of e-commerce by 40%.
Through processes directed by smart contracts and the 5 components of the ApolloX protocol, the ApolloX ecosystem is automated, transparent and decentralized. ApolloX will allow for all kinds of applications and services to be built on top of its protocol to create a complete e-commerce ecosystem. The APXT token is deeply integrated in this ecosystem to ensure a sustainable, natural growth in demand for the token. Because of this, network members will be highly incentivized to contribute to the ApolloX ecosystem.
The platform was built with the previous experience of the team in the e-commerce industry and the understanding that it will be extremely hard to compete with the online shopping behemoths if you play by the same rules. Through its decentralized approach directed by ApolloX’s strong token economics and ApolloX protocol, the platform is geared to take on this challenge.