ApolloX initial coin offering (ICO)

Empowering Decentralized Global E-Commerce



ApolloX is a decentralized ecosystem for global e-commerce. We built an e-commerce protocol to enable real-world e-commerce applications running on the blockchain. We connect buyers and sellers with trust and transparency, without information silo and monopolistic middlemen. With our unique blockchain technology, ApolloX brings benefits to both consumers and sellers.

3.9
14 14 expert ratings
4.8
4.4
3.9
3.9
View rating distribution
Starts in 9 months ago
2018-11-20 - 2018-12-10
Token
APXT
Type
ERC20
Bonus
Available
Price in ICO
1 APXT = 0.0055 USD
Platform
Accepting
Soft cap
4,000,000 USD
Hard cap
14,000,000 USD
Raised
0
preICO start
Sep 1, 2018
preICO end
Oct 11, 2018
ICO start
Nov 20, 2018
ICO end
Dec 10, 2018
More on ICO
Report

About ApolloX ICO

Mission and Vision
The rise of the ecommerce industry in the last 2 decades has led to the emergence of giant online shopping companies such as Amazon, eBay and Alibaba. However, the centralized nature of this industry has created issues of unfair pricing, hidden costs, data abuse and more.The problems that the e-commerce industry is facing are based on their centralized model.
ApolloX solves the above problems with a blockchain-based protocol that empowers decentralization in the e-commerce industry. ApolloX is 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.
ApolloX uses tokenization and decentralization to replace today’s rent-seeking enterprise with a new model of complete shopping protection, data security and minimal commission. ApolloX believes that with the implementation of their model, ecommerce costs can be reduced by up to 40%. Their goal also is to create an ecosystem that thrives on community.
ApolloX Solution - Decentralized Trust
Instead of relying on an entire company to maintain trust between buyers and sellers, the execution and utilization of ApolloX protocols means trust will be provided by community consensus.F or example, if a buyer runs into problems with a fraudulent seller, they know their case will be reviewed by a group of their peers. Their centralized equivalent would profit from the success of the transaction, regardless of the damage done to the buyer.
ApolloX Solution - Lower Prices
With the current ecommerce model, we pay up to 5 times the amount an item costs to manufacture for convenience. Every link in the supply chain is taking a profit. By implementing blockchain technology to the platform, we’re closer to conducting business peer-to-peer. The ApolloX team anticipates a reduction of 40% for consumers by eliminating middlemen with the blockchain.
ApolloX Solution - Data Control
Inherent in blockchain technology is the ability to encrypt sensitive information and store it on an immutable ledger. If the information needs to be accessed, a user is able to do so with their private key. ApolloX only allows buyers to access their browsing and purchasing activity. Buyers can even choose not to leave any activity history. By having access to this valuable information, users can voluntarily share their data with service providers on the network to earn rebates or personalized services.
Project Progress
Over 200 global brands and online shops have become members of the ApolloX decentralized marketplace within 2 months since the announcement of the ApolloX platform. Many brands and seller communities positively responded to the new blockchain based marketplace model that ApolloX is building. Based off these reviews, the ApolloX team aims to partner with 1000 stores before the platform’s official launch.
ApolloX will launch with 1 million users and 15 million annual revenue thanks to its strategic partner ApolloBox, a fast growing vertical marketplace in the US. ApolloX users will be able to use both APXT(ApolloX’s native token) and fiat currency to make purchases from ApolloBox and earn rewards.
The Team
ApolloX founding team are from top university and companies including MIT, Stanford, Tsinghua, and Google. ApolloX is also backed by reputable ventures in both US and China: Amino Capital, Redmoon Capital, and Hofan Capital.
ApolloX team has successful track record in building e-commerce marketplace. They founded ApolloBox in 2016 and now has 1 million active users, over 800 global brands, and $15 million annual run rate.

ApolloX reviews

Dennis Oosting
ICO advisor and Founder of Serendipity Blockchain Solutions
Rated on Sep 11, 2018
3
3
2
5%

E-commerce is booming, with giants like Amazon, Ebay and Alibaba. However, these are only a handful of the dozens of e-commerce platforms – all sharing one problem: centralization. There are fraudulent reviews, hidden prices and knowledge abuse. ApolloX is a platform aiming to provide a couple usecases, such as a decentralized marketplace, independent stores and e-commerce services.

I feel that the team behind ApolloX is fairly Asia specific and lacking attraction to the western world. They have M. Hossain and J. Gale on board as advisors, which does help them. However, I am unsure what their roles are in the project.

The team has set the softcap at $4M and the hardcap at $20M, however for the team to gain enough traction in this space against the big competitors I believe they would need a lot more money to become successful. Especially, since they do not have a working platform as of yet. The team has set the goal to be fully live as a decentralized service somewhere in 2020 – which is far out and gives competition, blockchain-based or not, a lot of time to improve and revolutionize their services.
According to the ApolloX team, the platform currently has 1 million users and 15 million annual GMV thanks to its strategic partner ApolloBox. Over 200 global brands and online shops have become members of the ApolloX decentralized marketplace, but will it be enough to take on the established competitors?

Clemen Chiang
Ph.D. | CEO | Investor | FinTech in Stocks | Blockchain in Cryptos | Singapore
Rated on Aug 24, 2018
5
4
5
9%

"Shops Powered by ApolloX
Independent web stores and decentralized marketplaces built with ApolloX Protocol."

"ApolloBox passed $1M monthly sales."

Seems like very good traction. Where do we view these results?

Suzat Fernandes
CFO & Co-Founder
Rated on Aug 25, 2018
5
4
4
7%

ApolloX vision of decentralizing global e-commerce is a highly ambitious project. There are other players in the market as well. KYC is done and the team appears to be highly experienced. They will need the right marketing and advertising tools to make this project a success.

Alexander Lempka
CEO
Rated on Aug 26, 2018
4
4
3
1%

The figures are very impressive and there is a good product market fit.
The team has experience.
It is a matter of partnerships and efficient marketing that will determine the success of this project.

Paresh Masani
ICO Consultant | Strategy and Vision Execution | Public Relations | Crypto-funds | Blockchain Development Lead
Rated on Aug 29, 2018
4
3
3
9%

Good team and good social appearance. Whitepaper could be improved with more finance information with competition analysis. The biggest concern I have is this is yet another project trying to decentralise e-commerce! There are plenty of failed projects already and none of the projects generated any ROI for investors. They have mentioned list of Investors on the website but there are not authentic information out there for community! Softcap is very high! I would like to get more details from the team.

Arfan Chaudhry
ICO Marketing / Influencer Marketing / Crypto Trader
Rated on Aug 29, 2018
5
5
5
4%

The idea I like I think it has potentials. They are a fully functioning solid team already with a lot of press on sites like Techcrunch and so on. I didn't see any MVP however the company does have a fully functional product which has made over a million dollar so converting that shouldn't be too hard. I look forward on seeing what comes out of this project. Whitepaper is well written as well.

Jun Hao
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | ICO Advisor For Asia Market | Consulted 20+ ICOs | Marketing Expert
Rated on Sep 6, 2018
4
4
3
9%

Good project and theres a huge demand for project like these. Ecommerce is one of the biggest market globally right now and many problems arise with centralization (as seen from hacks etc). This project solve this problem and taps on the huge market. Good team as well.

Jared Polites
Partner at Blockteam Ventures | Strategic Advisor | Writer at CryptoCoinsNews | Former FBI Analyst
Rated on Sep 6, 2018
5
5
5
6%

Coming from an ecommerce background prior to crypto, ApolloX makes complete sense and will help fuel the future of ecommerce if they can deliver the protocol that is widely adopted. Ecommerce adoption is still on an upward swing in Southeast Asia and will create many opportunities to incorporate blockchain in the near future.

Joseba Sainz de Baranda
ICO Investor and Advisor | SMOTION Founder| MDes Industrial Product Design | Industrial Engineering Degree
Rated on Sep 11, 2018
4
3
3
5%

As a personal opinion, in essence, a crypto project based in other one but centralized, has no future “per se”. The concept bases had been used in other e-commerce related projects - middleman high fees (30%), protection against fraudulent sellers, control over buyer/seller data, a different selling model from Amazon, Ebay,…-. What is more, there are other projects like this one already performing in exchanges (INS). Nothing different in crypto space but its strategic partner ApolloBox (5% pre-allocated tokens), which will contribute with the integration of 1+ million active users and will develop the initial ecosystem, could be the key point for success or not. Good to see a long-term investing period for team members (3years – 15% tokens). KYC passed. Despite a clear and detailed description of the current e-commerce market, a decentralized solution and ApolloX protocol modules, there is a lack of financial information.

Gary Chan
Community Manager
Rated on Sep 13, 2018
5
5
5
5%

E - commerce is already a big thing today and blockchain can help to make E - commerce better for all end users and consumers alike. A strong team with a great vision and user friendly product will have great potential.

Doris Cornago
Account and Investor Relations Manager at Utopian Capital
Rated on Sep 13, 2018
4
4
5
5%

A good team on a commendable mission and an essential product will surely interest investors. Marketing is a main concern here as for most ICOs which failed to reach their hard cap due to lack of community support. Find the most credible agency to collaborate with your team because that is the yardstick by which ICOs are measured.

Shohel Alam
Entrepreneur | Data Analyst | Investor Relationship| ICO Marketing & ICO And Blockchain Consultant & Advisor
Rated on Sep 18, 2018
5
4
4
7%

AplolloX is new era for eCommerce industry. Good and experienced team members and also have good advisory board. KYC approved. Concept looking good.

Vision is quite nice eCommerce is already a big thing today and ApolloX comes in market with blockchain it's really good for all.

About MVP: They have MVP in Apple store and quite nice. Best of luck team and this project.

Anthony Manfre
Entrepreneur | Consultant | Cryptocurrency | ICO | STO
Rated on Sep 25, 2018
4
3
3
5%

The vision and use of blockchain brings fairness to ecommerce. The team is experienced and considered to have the skills to make an impact.

With a model that includes smaller margins, it’s really a volume play for Apollox if they look to reach any success that amazon has. To that end I couldn’t find any evidence of current traction year to date. This would be beneficial so investors could calculate potential ROI.

MVP is not available pre ico launch, I think it would bring some value if it was the other way around.


PlumBot
ICO Analyzer Bot
Rated on Oct 11, 2018
0
0
0
21%


Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

ApolloX ICO price

Price in ICO

1 APXT = 0.0055 USD

ApolloX (APXT) crypto

ApolloX coin

ApolloX token
APXT
ApolloX type
ERC20
ApolloX platform

ApolloX (APXT) value

Tokens for sale
3500000000

ApolloX investment info

Accepting
Distributed in ICO
35%
Soft cap
4,000,000 USD
Hard cap
14,000,000 USD

ApolloX whitepaper

ApolloX team

Apply as an advisor

An Li

Co-founder & Technology Lead

Jingyi Zhou

Co-founder & Product Lead

Shannon Ma

Marketing Lead

ApolloX milestones

1
2020

WePower idea

2
April 2018

WePower idea

3
April 2019

WePower idea

4
December 2017

WePower idea

5
December 2018

WePower idea

6
May 2018

WePower idea

7
November 2017

WePower idea

8
October 2018

WePower idea

9
Q3 2019

WePower idea

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