AlphaX – ICO Detailed Information

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.

The mission statement and solutions by AlphaX

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.

• Apr 2018 Idea came with Internet Of Things making life simpler
• May 2018 Research, Team building
• June 2018 Idea analysed and Improved, Finalized the product
• July 2018 AlphaX- Website Launched
• Aug 2018 Alpha-X Whitepaper Launched Alpha-X Blockchain Created Alpha-X Source code published on Githhub Posting over Bitcointalk and other Forums
• Sept 2018 ICO Launched Private Pre Sale
• Oct 2018 Bounty Campaigns
• Nov 2018 Airdrop + Bonus
• Dec 2018 QT Wallet Launched for Windows, Mac & Linux Listing on Exchange Listing on Coinmarketcap
• Q1 2019 Pre-Sale, Security Audit Report, Listing on Exchange
• Q2 2019 Crowdsale, Alpha-X marketplace development, Security Audit
• Q3 2019 Alpha-X Mobile Wallet
• Q4 2019 Data collections for X-intelligence, machine learning
• Q1 2020 Major coins integrations and, security audit for exchange, Alpha-X Exchange development
• Q2 2020 X-Intelligence development, Alpha-X Marketplace completion and launch
• Q3 2020 X-Intelligence, Prototype Exchange, Beta launch
• Q4 2020 X-Intelligence Launch, Alpha-X foundation
• Q1 2021 Foundation integration with products
• Q2 2021 Alpha-X ecosystem completion and product integrations