It is apparent that e-commerce is a booming industry that opens up a lot of opportunities for industrious people all over the world. According to the official statistics, 1.8 people are engaged in online commerce either as sellers or as buyers, which constitutes 22% of the global population. In 2018, the sales made via e-commerce platforms were not less than 12% of total retails sales both at online and brick-and-mortar stores. By 2021, these figures are expected to reach as much as 18%. Lastly, Paypal, the most popular payment gateway for the participants in e-commerce, reported that they currently maintain 267 million active accounts.
All these stats serve as eloquent evidence that e-commerce is an immensely lucrative scope of activity with the potential to vastly expand in the nearest future.
However, these encouraging numbers don’t characterize the situation as a whole. As almost in any area of business, there is some party that tries to capitalize on somebody else’s efforts. In the case of e-commerce, the problem lies within high commissions and middlemen fees, imposed on the online entrepreneurs.
Since one of blockchain’s main objectives is to eliminate any third party and make financial transactions much cheaper, it would have been natural for a blockchain project to make an attempt at solving the mentioned issues.
AlphaX is a Marshall Islands-based startup that has set itself an aim of infusing the blockchain technology with the power of artificial intelligence thereby creating an e-commerce platform that would benefit the sellers and buyers, not the man that tries to get in between.
In addition to the problems specified above, AlphaX offers a solution to other burning issues that concern not only e-commerce - data security and transparency of operations. Big companies like Amazon, Alibaba or eBay have enshrined the right for themselves to store the customer data on centralized servers and use it at their own discretion.
| Pre-Ico Start date | September 15, 2018 |
|---|---|
| Pre-Ico End date | April 30, 2019 |
| Industry | e-commerce |
| Platform | Separate blockchain |
| Founded | 2019 |
| Website | https://alpha-x.io/ |
| Whitepaper | Yes |
| Countries | Marshall Islands |
| Start | May 1, 2019 |
|---|---|
| End | July 31, 2019 |
| 37 days left | |
| Token | AX |
| Soft cap | $1 500 000 |
| Hard cap | $13 100 000 |
| Minimum investment | 1 USD |
| Tokens for sale | 170000000 |
| Accepting | BTC, ETH, BCH, LTC |
As a huge opponent of any form of monopoly, I must say that I am really excited about AlphaX. It is my conviction that projects like this one will finally bring down the dominance of Amazon, eBay, Alibaba, which have practically usurped the industry of online retail. High commission, ridiculous user terms - I can’t even begin to tell how much we need projects like AlphaX to relieve us, online retailers, from this burden.
AlphaX is about to change e-commerce and the way we interact with it. AX is looking to jump into the masive industry of e-commerce, which Amazon currently dominates along with Alibaba. Their network and token will serve buyers and vendors, not just the people taking a cut in the middle. I Hope I get a spot in this ICO even though its roughly 3 months away.
AlphaX is currently in the private presale stage that will last until the 17th of March. The present price of one AX Coin is assessed at 0.1 USD. The hard cap is rather low at only $13 million. The total supply of coins is 2 billion, with 200 million being pre-mined. The crowd sale will begin on May 1 and last till July 31 2019, with 90 million AX Coins on sale.
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