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.
AlphaX decided against tackling these issues one by one but instead offer a comprehensive solution named the Alpha-X.market, which will constitute a broad ecosystem comprised of the following elements:
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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