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Topic: [ANN] [PRE-ICO LIVE] Galaxy eSolutions - SCAM! - page 9. (Read 4462 times)
Nigeria: Africa’s Ripest Market for Second-Hand Smartphones
The Unprecedented Smartphone Boom
Africa is currently one of the fastest-growing mobile phone markets in the world. The past five years saw a 65% yearly growth rate in mobile phone use within the continent, which, for perspective, is double the global annual average. That accounts for some 960 million mobile subscriptions in the continent. At present, the African smartphone market is also growing twice as much as Asia’s, with recent forecasts indicating as much as 300 million users by 2020.
The dramatic growth in smartphone adoption has consequently driven smartphone sales up, with more than 200 million units shipped in 2016 — more than a 10% increase from the previous year’s figures. The reason? Smartphones are proving to be a more cost-effective communications alternative to traditional fixed-line phones. A primary driver to adoption is internet access, traditionally achieved only in Africa via a personal computer.
Environmental and economic barriers such as warfare, natural disasters, and the low income of its populations have made stringing up phone wires nearly impossible across Africa. In contrast, erecting masts for mobile networks have proven to be more economically viable. And as the average selling price (ASP) continues to plummet in response to increased demand, millions more are expected to be smartphone subscribers by the end of the decade.
Nigeria’s Smartphone Market Has the Best Prospects for Growth
In general, Africa’s major economies have experienced a dramatic intensity in smartphone penetration in recent years. In particular, South Africa, Nigeria, Egypt and Kenya have had rapidly expanding smartphone markets in the last five years. But of them all, Nigeria has experienced the most growth regarding penetration rate (averaging at 81%) and increase in mobile subscribers, which reached 150 million this year.
This 150 million figure accounts for around 35% of the country’s current population and roughly 15% of Africa’s total mobile subscriptions as of 2017. Concerning market potential, Nigeria has 62.2 million more internet subscribers and 52.1 million more users than Egypt, as well as 65.3 million and 110.78 internet and mobile users than Kenya, respectively. If current trends continue, shipments of new smartphones to Nigeria are expected to increase as much as 60% in 2020, effectively making Nigeria the largest smartphone market in Africa, and one with the most potential as a growing market for GSM phones.
Barriers to Penetration and Price as the Primary Adoption Factor
Despite the unprecedented growth of the smartphone market in Africa, there are various barriers to smartphone adoption in the continent, such as the lack of electricity and a relative dearth of telecom infrastructures in general. But perhaps the most significant barrier is poverty, which has a direct impact on the purchasing power of Africa’s populations. Nigeria, for one, and despite its booming economy, is still rife with low-income households, mirroring the trend across the entire region.
This explains a few things: 1) the marginal market share of brand-new iPhones in Africa; 2) the popularity of lower-priced brands like Samsung; 3) price becoming even more significant as a factor when purchasing phones. As a recent Quartz article remarked, “Price competitiveness has become a key issue in many African markets… To grow significantly in these markets, vendors have to be able to address the continent’s large low-income population by providing phones that are priced very competitively.”
Forecast: Continued Growth for Online Retail and Immense Market Potential for Used Phones
Online retail has also experienced a boom in Nigeria and other countries in Africa, a response, in part, to the growth of internet subscribers. Jumia, Nigeria’s largest online retailer, reports that the increase in demand has driven their ASPs down, from $216 in 2014 to just $117 this year. The company also notes that its sales grew by 394% over the same period.
Given all these, there appear to be significant market opportunities for used smartphone retailers in Nigeria in particular, and Africa in general, specifically in the following ways:
· As mobile telecom infrastructure grows, the market share of online smartphone retailers is set to increase;
· As price continues to dominate purchase considerations, demand for cheaper but feature-rich GSM alternatives will continue to rise;
· Refurbished iPhone retailers can cater to the current gap in Apple product sales, and could compete with ASPs of established retailers;
· Used phone retailers can also sell refurbished versions of popular brands in the region, like Samsung, which currently ranks first as the most traded phone in Africa;
· Africa’s second-hand market is virtually untapped despite the demand and the infrastructure being present, meaning immense revenue potential for initial traders in the market.
In particular, Nigeria’s current market conditions make it the most viable market for used smartphones in Africa. To learn how you can take advantage of Nigeria and Africa’s significant market potential for used smartphone retail, watch the Galaxy eSolutions video and partner with us today through our GES ICO program.
The Unprecedented Smartphone Boom
Africa is currently one of the fastest-growing mobile phone markets in the world. The past five years saw a 65% yearly growth rate in mobile phone use within the continent, which, for perspective, is double the global annual average. That accounts for some 960 million mobile subscriptions in the continent. At present, the African smartphone market is also growing twice as much as Asia’s, with recent forecasts indicating as much as 300 million users by 2020.
The dramatic growth in smartphone adoption has consequently driven smartphone sales up, with more than 200 million units shipped in 2016 — more than a 10% increase from the previous year’s figures. The reason? Smartphones are proving to be a more cost-effective communications alternative to traditional fixed-line phones. A primary driver to adoption is internet access, traditionally achieved only in Africa via a personal computer.
Environmental and economic barriers such as warfare, natural disasters, and the low income of its populations have made stringing up phone wires nearly impossible across Africa. In contrast, erecting masts for mobile networks have proven to be more economically viable. And as the average selling price (ASP) continues to plummet in response to increased demand, millions more are expected to be smartphone subscribers by the end of the decade.
Nigeria’s Smartphone Market Has the Best Prospects for Growth
In general, Africa’s major economies have experienced a dramatic intensity in smartphone penetration in recent years. In particular, South Africa, Nigeria, Egypt and Kenya have had rapidly expanding smartphone markets in the last five years. But of them all, Nigeria has experienced the most growth regarding penetration rate (averaging at 81%) and increase in mobile subscribers, which reached 150 million this year.
This 150 million figure accounts for around 35% of the country’s current population and roughly 15% of Africa’s total mobile subscriptions as of 2017. Concerning market potential, Nigeria has 62.2 million more internet subscribers and 52.1 million more users than Egypt, as well as 65.3 million and 110.78 internet and mobile users than Kenya, respectively. If current trends continue, shipments of new smartphones to Nigeria are expected to increase as much as 60% in 2020, effectively making Nigeria the largest smartphone market in Africa, and one with the most potential as a growing market for GSM phones.
Barriers to Penetration and Price as the Primary Adoption Factor
Despite the unprecedented growth of the smartphone market in Africa, there are various barriers to smartphone adoption in the continent, such as the lack of electricity and a relative dearth of telecom infrastructures in general. But perhaps the most significant barrier is poverty, which has a direct impact on the purchasing power of Africa’s populations. Nigeria, for one, and despite its booming economy, is still rife with low-income households, mirroring the trend across the entire region.
This explains a few things: 1) the marginal market share of brand-new iPhones in Africa; 2) the popularity of lower-priced brands like Samsung; 3) price becoming even more significant as a factor when purchasing phones. As a recent Quartz article remarked, “Price competitiveness has become a key issue in many African markets… To grow significantly in these markets, vendors have to be able to address the continent’s large low-income population by providing phones that are priced very competitively.”
Forecast: Continued Growth for Online Retail and Immense Market Potential for Used Phones
Online retail has also experienced a boom in Nigeria and other countries in Africa, a response, in part, to the growth of internet subscribers. Jumia, Nigeria’s largest online retailer, reports that the increase in demand has driven their ASPs down, from $216 in 2014 to just $117 this year. The company also notes that its sales grew by 394% over the same period.
Given all these, there appear to be significant market opportunities for used smartphone retailers in Nigeria in particular, and Africa in general, specifically in the following ways:
· As mobile telecom infrastructure grows, the market share of online smartphone retailers is set to increase;
· As price continues to dominate purchase considerations, demand for cheaper but feature-rich GSM alternatives will continue to rise;
· Refurbished iPhone retailers can cater to the current gap in Apple product sales, and could compete with ASPs of established retailers;
· Used phone retailers can also sell refurbished versions of popular brands in the region, like Samsung, which currently ranks first as the most traded phone in Africa;
· Africa’s second-hand market is virtually untapped despite the demand and the infrastructure being present, meaning immense revenue potential for initial traders in the market.
In particular, Nigeria’s current market conditions make it the most viable market for used smartphones in Africa. To learn how you can take advantage of Nigeria and Africa’s significant market potential for used smartphone retail, watch the Galaxy eSolutions video and partner with us today through our GES ICO program.
What does your project have that make it different from other ones?
Why Us? Here are our 10 Reasons!
1. We are a Good and Committed Team.
• The management team has over 20 years of experience in global ecommerce.
• Half of the company, including all top management, are company shareholders. As they say, money is where the heart is.
2. We have Solid and Impressive Tractions.
• Reached nearly 2MUSD monthly sales within 1st year of operation.
• Presence in more than 20 countries, and more under development.
3. We are in a Sizable and yet Fast-growing Market.
• Current market size of just refurbished phones alone is 20BN USD, destined to exceed 30BN USD in 2020.
• Double digital percentage growth year-on-year on refurbished electronics market. Cross-border ecommerce too.
4. We have a Clear Path to Scale Future Heights
• We will evolve into a Hybrid B2B/B2C refurbished electronics marketplace from our current direct B2C model with emphasis on phones mainly.
• We will test the concept of marrying up blockchain and ecommerce, and could go for a next mega ICO round.
5. We have Clear Missions and Visions.
• To exceed 1BN USD revenue within 5 years and become the market leader in refurbished electronics
• To encourage recycling and help the world go green.
6. We have Strong Competitive Advantages.
• -We are the only Chinese government authorised refurbishment factory for Apple products (besides Foxconn), as well as Samsung products. Special ‘Guanxi’ makes this happen.
• -We have full suite of ecommerce solutions, including global logistics solutions, e-Marketing, ERP/ecommerce integration and etc, to ensure sustainability and scalability.
7. We give you Credibility and Transparency.
• Our team of credible advisors tell you about our credibility.
• Eccommerce itself is very much a transparent business with readily traffic figures and complete sales trails.
8. We give you Peace of Mind.
• We cap our total token supply and ‘burn’ them for accountability and transparency.
• We offer token value protection as we allow our backers to use our tokens at par value for purchases on our websites
• Hong Kong companies have compulsory and strict audit requirements on annual statements, hence accountability and corporate governance ensure.
9. We give you Potentially Great Returns.
• Refer to our whitepaper for a full returns analysis and projection. Returns would even be higher if we received your full support.
10. We are Always Learning and We Never Give Up.
• The former is demonstrated by the fact that while ICO is new to us, we quickly rise to its challenges and organise this campaign; The latter? We will not stop asking for your support in order to realise our dream and share the fruits together.
• So, Please Support Us!
PS. Watch our AMA Live Stream session which tells you why you need to be part of us:
https://www.youtube.com/watch?v=0C0xuHwZSds
What does your project have that make it different from other ones?
The ICO in a Multi-Billion Dollar Market You Have Never Heard Of
Galaxy eSolutions Limited (GES) is an emergent Global Cross-border E-commerce business that is in line to become the Market Leader in the industry of Refurbished, pre-owned Consumer electronics. Founded 2016 in Hong Kong, the international trading hub, the e-commerce marketplace has captured a number of markets in Europe, North America, and South-East Asia. Yuen Wong the founder of GES and CEO has a strong entrepreneurial character and mind to set his vision on global markets.
GES is a unique venture, as it is responsible for sourcing, refurbishing, quality control, and global distribution. The company provides high-quality products that are good as brand new, but at lower retail prices.
The vision of becoming the global market leader in this industry is due to the high demand and vast potential to grow within the market. As the increasing household trend of having 1 phone per household member and even further having 2-3 phones per person as a way to separate work and personal life, increasing the demand. The Pre-owned smartphone market, alone, was valued at $17 billion in 2016 and is expected to grow exponentially, with the 50% year-on-year growth rate, by 2020.
ICOs is the most modernized opportunity to raise funds, GES plans on adopting this in determination to implement its growth plans. Generating revenue of more than $20 million after just 9 months of operating, GES has potential to grow and capture the market as leader.
The Unique Selling Point (USP) is that the whole business operation from buying the pre-owned phones to selling them directly to consumers is all managed by Galaxy eSolutions which gives more control for high-quality products, international growth and better customer service worldwide.
Galaxy eSolutions Limited (GES) is an emergent Global Cross-border E-commerce business that is in line to become the Market Leader in the industry of Refurbished, pre-owned Consumer electronics. Founded 2016 in Hong Kong, the international trading hub, the e-commerce marketplace has captured a number of markets in Europe, North America, and South-East Asia. Yuen Wong the founder of GES and CEO has a strong entrepreneurial character and mind to set his vision on global markets.
GES is a unique venture, as it is responsible for sourcing, refurbishing, quality control, and global distribution. The company provides high-quality products that are good as brand new, but at lower retail prices.
The vision of becoming the global market leader in this industry is due to the high demand and vast potential to grow within the market. As the increasing household trend of having 1 phone per household member and even further having 2-3 phones per person as a way to separate work and personal life, increasing the demand. The Pre-owned smartphone market, alone, was valued at $17 billion in 2016 and is expected to grow exponentially, with the 50% year-on-year growth rate, by 2020.
ICOs is the most modernized opportunity to raise funds, GES plans on adopting this in determination to implement its growth plans. Generating revenue of more than $20 million after just 9 months of operating, GES has potential to grow and capture the market as leader.
The Unique Selling Point (USP) is that the whole business operation from buying the pre-owned phones to selling them directly to consumers is all managed by Galaxy eSolutions which gives more control for high-quality products, international growth and better customer service worldwide.
Galaxy eSolutions Launches The First Ever ICO For Refurbished Consumer Electronics
With Pre-Sale of Galaxy eSolutions’ GES token to start on 17th November at 12:00 UTC, it is the first ICO to launch for refurbished consumer electronics.
Founded 2016 in Hong Kong, the international trading hub, Galaxy eSolutions (GES) is a global e-commerce marketplace and distribution in refurbished, pre-owned, consumer electronics specifically smartphones. By repairing and renewing the smartphones for extended product life to help save up resources GES is positions itself as a Green company in the refurbished smartphones market.
GES plans to ultimately change the smartphone industry, by capturing large global markets such as India that are quick at adopting pre-owned smartphones. As the whole process from sourcing, to refurbishing and distributing is managed by Galaxy eSolutions it gives more quality control and fast distribution services.
https://coinidol.com/galaxy-esolutions-launches-ico-for-refurbished-consumer-electronics/
With Pre-Sale of Galaxy eSolutions’ GES token to start on 17th November at 12:00 UTC, it is the first ICO to launch for refurbished consumer electronics.
Founded 2016 in Hong Kong, the international trading hub, Galaxy eSolutions (GES) is a global e-commerce marketplace and distribution in refurbished, pre-owned, consumer electronics specifically smartphones. By repairing and renewing the smartphones for extended product life to help save up resources GES is positions itself as a Green company in the refurbished smartphones market.
GES plans to ultimately change the smartphone industry, by capturing large global markets such as India that are quick at adopting pre-owned smartphones. As the whole process from sourcing, to refurbishing and distributing is managed by Galaxy eSolutions it gives more quality control and fast distribution services.
https://coinidol.com/galaxy-esolutions-launches-ico-for-refurbished-consumer-electronics/
I am happy to participate in the gift with this project, I am sure this project does not disappoint. 
PRE-SALE NOW LIVE
Why Are We Different?
Well, indeed, why are we so different from most ICO's? And it could be a good and bad thing to be honest.
Firstly, we are not totally blockchain related, albeit we make use of blockchain technology for making ICO possible, and that we have future plan to marry up blockchain with ecommerce. This, in all honestly makes me worried that our ICO will not be well perceived bybte crypto communities, possibly being deemed not sexy enough.
However, after speaking to our blockchain specialists, including Pranav Burnwal, who is the Region Head of Blockchain Education Network (an NGO) and Justin Leung of OKEX, we were encouraged by the fact that we are already better than 90% of the ICO's out there, which are at best only remains at conceptual stage with no MVP (minimum viable product). Worse: many of them dont even have a hard cap and valuation are well over the moon. Worst: some of them are even scammy, which is exactly why they can outspend everyone (since they have very little other costs). For example, a recent air travel related payment solution on blockchain, whose ads are everywhere until recently.
So afterall, we are more confident now, despite there's still some iffiness felt, but we will know soon since our ICO presale starts tomorrow. Oh well, there are still some reasons for optimism since how many can boast the following reasons to potential backers:
Why Us? Here are our 10 Reasons!
1. We are a Good and Committed Team.
• The management team has over 20 years of experience in global ecommerce.
• Half of the company, including all top management, are company shareholders. As they say, money is where the heart is.
2. We have Solid and Impressive Tractions.
• Reached nearly 2MUSD monthly sales within 1st year of operation.
• Presence in more than 20 countries, and more under development.
3. We are in a Sizable and yet Fast-growing Market.
• Current market size of just refurbished phones alone is 20BN USD, destined to exceed 30BN USD in 2020.
• Double digital percentage growth year-on-year on refurbished electronics market. Cross-border ecommerce too.
4. We have a Clear Path to Scale Future Heights
• We will evolve into a Hybrid B2B/B2C refurbished electronics marketplace from our current direct B2C model with emphasis on phones mainly.
• We will test the concept of marrying up blockchain and ecommerce, and could go for a next mega ICO round.
5. We have Clear Missions and Visions.
• To exceed 1BN USD revenue within 5 years and become the market leader in refurbished electronics
• To encourage recycling and help the world go green.
6. We have Strong Competitive Advantages.
• -We are the only Chinese government authorised refurbishment factory for Apple products (besides Foxconn), as well as Samsung products. Special ‘Guanxi’ makes this happen.
• -We have full suite of ecommerce solutions, including global logistics solutions, e-Marketing, ERP/ecommerce integration and etc, to ensure sustainability and scalability.
7. We give you Credibility and Transparency.
• Our team of credible advisors tell you about our credibility.
• Eccommerce itself is very much a transparent business with readily traffic figures and complete sales trails.
8. We give you Peace of Mind.
• We cap our total token supply and ‘burn’ them for accountability and transparency.
• We offer token value protection as we allow our backers to use our tokens at par value for purchases on our websites
• Hong Kong companies have compulsory and strict audit requirements on annual statements, hence accountability and corporate governance ensure.
9. We give you Potentially Great Returns.
• Refer to our whitepaper for a full returns analysis and projection. Returns would even be higher if we received your full support.
10. We are Always Learning and We Never Give Up.
• The former is demonstrated by the fact that while blockchain and ICO is new to us, we quickly rise to its challenges and organise this campaign; The latter? We will not stop asking for your support in order to realise our dream and share the fruits together.
• So, Please Support Us!
PS. Watch our AMA Live Stream session which tells you why you need to be part of us:
https://www.youtube.com/watch?v=0C0xuHwZSds
Hence, we hope to see you tomorrow and if possible back us up and let's grow together.
Regards,
Yuen Wong.
Founder, Galaxy eSolutions
Well, indeed, why are we so different from most ICO's? And it could be a good and bad thing to be honest.
Firstly, we are not totally blockchain related, albeit we make use of blockchain technology for making ICO possible, and that we have future plan to marry up blockchain with ecommerce. This, in all honestly makes me worried that our ICO will not be well perceived bybte crypto communities, possibly being deemed not sexy enough.
However, after speaking to our blockchain specialists, including Pranav Burnwal, who is the Region Head of Blockchain Education Network (an NGO) and Justin Leung of OKEX, we were encouraged by the fact that we are already better than 90% of the ICO's out there, which are at best only remains at conceptual stage with no MVP (minimum viable product). Worse: many of them dont even have a hard cap and valuation are well over the moon. Worst: some of them are even scammy, which is exactly why they can outspend everyone (since they have very little other costs). For example, a recent air travel related payment solution on blockchain, whose ads are everywhere until recently.
So afterall, we are more confident now, despite there's still some iffiness felt, but we will know soon since our ICO presale starts tomorrow. Oh well, there are still some reasons for optimism since how many can boast the following reasons to potential backers:
Why Us? Here are our 10 Reasons!
1. We are a Good and Committed Team.
• The management team has over 20 years of experience in global ecommerce.
• Half of the company, including all top management, are company shareholders. As they say, money is where the heart is.
2. We have Solid and Impressive Tractions.
• Reached nearly 2MUSD monthly sales within 1st year of operation.
• Presence in more than 20 countries, and more under development.
3. We are in a Sizable and yet Fast-growing Market.
• Current market size of just refurbished phones alone is 20BN USD, destined to exceed 30BN USD in 2020.
• Double digital percentage growth year-on-year on refurbished electronics market. Cross-border ecommerce too.
4. We have a Clear Path to Scale Future Heights
• We will evolve into a Hybrid B2B/B2C refurbished electronics marketplace from our current direct B2C model with emphasis on phones mainly.
• We will test the concept of marrying up blockchain and ecommerce, and could go for a next mega ICO round.
5. We have Clear Missions and Visions.
• To exceed 1BN USD revenue within 5 years and become the market leader in refurbished electronics
• To encourage recycling and help the world go green.
6. We have Strong Competitive Advantages.
• -We are the only Chinese government authorised refurbishment factory for Apple products (besides Foxconn), as well as Samsung products. Special ‘Guanxi’ makes this happen.
• -We have full suite of ecommerce solutions, including global logistics solutions, e-Marketing, ERP/ecommerce integration and etc, to ensure sustainability and scalability.
7. We give you Credibility and Transparency.
• Our team of credible advisors tell you about our credibility.
• Eccommerce itself is very much a transparent business with readily traffic figures and complete sales trails.
8. We give you Peace of Mind.
• We cap our total token supply and ‘burn’ them for accountability and transparency.
• We offer token value protection as we allow our backers to use our tokens at par value for purchases on our websites
• Hong Kong companies have compulsory and strict audit requirements on annual statements, hence accountability and corporate governance ensure.
9. We give you Potentially Great Returns.
• Refer to our whitepaper for a full returns analysis and projection. Returns would even be higher if we received your full support.
10. We are Always Learning and We Never Give Up.
• The former is demonstrated by the fact that while blockchain and ICO is new to us, we quickly rise to its challenges and organise this campaign; The latter? We will not stop asking for your support in order to realise our dream and share the fruits together.
• So, Please Support Us!
PS. Watch our AMA Live Stream session which tells you why you need to be part of us:
https://www.youtube.com/watch?v=0C0xuHwZSds
Hence, we hope to see you tomorrow and if possible back us up and let's grow together.
Regards,
Yuen Wong.
Founder, Galaxy eSolutions
Hindi ANN translation Done
Link : https://bitcointalksearch.org/topic/ann-pre-ico-galaxy-esolutions-a-global-ecommerce-ecosystem-2413030
Thanks
Link : https://bitcointalksearch.org/topic/ann-pre-ico-galaxy-esolutions-a-global-ecommerce-ecosystem-2413030
Thanks
Is there any soft cap?
What's the price of per token?
What's the price of per token?
The electronics project about smartphones is very good and can support our speed in work, let alone where ever. After I read about this project, I quite understand the intent and purpose of this project. projects like this if in a neatly arranged and according to plan I am sure once this project will be a great success. let alone his massive promotions.
Indonesia Traslation done = https://bitcointalksearch.org/topic/annico-galaxy-esolutions-2408633
Thank you
JOIN OUR Live Stream on November 15th, 2017 at 15:00 UTC
LIVE IN 2 HOURS
https://www.youtube.com/watch?v=0C0xuHwZSds
Participate in the bounty.
Thanks for your interest !
Feel free to ask any question about the project.
Participate in the bounty.
JOIN OUR Live Stream on November 15th, 2017 at 15:00 UTC
Bounty Campaign is Live -
https://bitcointalksearch.org/topic/bounty-pre-ico-galaxy-esolutions-scam-2399913
https://bitcointalksearch.org/topic/bounty-pre-ico-galaxy-esolutions-scam-2399913
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