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/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180613005430/en/