Topic: ApolloX token (APXT) economics (Read 98 times)

ApolloX token (APXT) economics
A key element in making the ApolloX decentralized e-commerce ecosystem work is the ApolloX’s native APXT token. A decentralized platform can only work if there is a proper incentive and governance model in place, which is directed by its native token. The token serves two main purposes in the ApolloX ecosystem; it’s the platform’s native currency that facilitates transactions within the ecosystem and is used to incentivize contributions to the ecosystem. The APXT token is deeply integrated into the ApolloX ecosystem and has been given many functions to ensure a natural, long term demand and thus valuation of the token.
To create a natural demand from the start, sellers need APXT to pay for services such as logistics, customer support, advertisement and listing fees. Sellers can also choose to accept APXT tokens as a form of payment in return for a discount. Fiat payments will also be integrated in the ecosystem as to not force buyers to use cryptocurrencies.
As with most token economic models, the APXT token is also used as a means to incentivize miners. A highly innovative model introduced by ApolloX is that buyers can mine by sharing their shopping history and social profiles in return for APXT. Other ways for buyers to mine are referrals, active dispute mediating and posting and reviewing reviews.
Sellers mine by listing and selling best-selling products. The latter incentivizes users to sell products that are high in demand. This form of mining is directing users to contribute to the network by giving the e-commerce ecosystem all the components ity needs to grow.

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