Market Overview

ApolloX Decentralized Marketplace Promises E-Commerce Buyers and Sellers Full Transparency and Lower Fees

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ApolloX
is proud to announce the launch of its decentralized global blockchain
platform, that will empower future e-commerce businesses with trust,
transparency, data ownership and minimal fees.

The ApolloX platform, which is built on blockchain technology like smart
contracts, is incorporating decentralized e-commerce applications and
services to create an open and democratic ecosystem. Here buyers and
sellers can directly connect and have an optimized online shopping
experience without monopolistic intermediaries.

Every transaction on ApolloX is peer-to-peer, excluding all middlemen.
This saves sellers from paying extra fees and gives shoppers lower
product prices. At the same time, ApolloX protocol protects both parties
from fraud and disputes with smart contracts and community based
arbitration at no extra cost. All shopping data is encrypted and
permission enabled, only accessible to service providers with the
customer's permission, which ultimately solves privacy issues and
reduces unfair competition.

As a decentralized platform supporting e-commerce shops, the ApolloX
protocol itself is managed and checked by all members and kept open
source. Every aspect of ApolloX, from the token economic to the user
experience design, is built to promote and reward positive community
contributions from buyers, sellers, manufacturers, and service providers.

ApolloX founder and CEO Will Li believes that more brands will use
decentralized e-commerce platforms as their primary online sales channel
because they offer transparency and independence.

"Today's e-commerce industry forces sellers to pay anywhere between 25%
to 50% of the sale price to gain traffic and trust. Blockchain
technology and token economy is a promising solution. By rewarding
positive community contributions, ApolloX can reduce the cost of traffic
and trust by more than 50% and form a transparent and equal e-commerce
environment. Products will be 10% cheaper and you'll never have to worry
about scams or disputes when shopping on a new site. This is going to be
a revolutionary shift in e-commerce," says Will.

The ApolloX platform is being created by the team behind Apollo
Box
, a Silicon Valley based e-commerce company that has over 800
vendors, close to 1M active users in the US and has been featured in
prominent publications like BuzzFeed, HuffPost and TechCrunch. Made of
individuals from notable schools and companies like MIT, Stanford, Duke,
Newell Rubbermaid and Google, the ApolloX team has extensive experience
in cross border e-commerce and blockchain infrastructure.

Today ApolloX has completed their angel round investment and is backed
by notable investors Amino Capital and Hofan Group. The ApolloX Token
Wallet is now integrated into the Apollo Box app and the ApolloX beta is
scheduled to launch in December 2018.

For more information, please visit https://apollox.network/.

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