Galaxy eSolution is a huge and already well established ecommerce giant reaching nearly 20 Million USD in sales within its first year; the company has a firm grasp on the ever-booming market of refurbished and pre-owned electronics, which is tipped to be worth billions and is predicted to grow further.
Galaxy eSolutions have announced their Token Sale after numerous successes and rapid profits within this highly profitable market. The Sale announcement comes at a time when real-world application of Blockchain technologies are being adopted by numerous industries which all play a part in testing the capabilities of this brilliantly adaptive and intelligent network.
By integrating the existing ecosystem with the blockchain, Galaxy eSolutions can evolve in to a hybrid ecosystem and marketplace platform, solving a number of issues within the multi-billion dollar industry that supplies refurbished and pre-owned electronics.
Based in Hong-Kong, Galaxy eSolutions has a gigantic operational reach across over 26 countries with the mission to build a Pre-owned / refurbished B2C (business to consumer) and B2B (business to business) ecommerce Ecosystem; included in this vision is the goal to ‘make the world more environmentally friendly through recycling and sharing economy.’
The Blockchain plays such a vital role in helping Galaxy eSolutions achieve this vision as it helps logistical industries maintain an easily accessible source of recorded, accurate and honest details of goods, transactions and logistics.
Blockchain technology keeps trust and credibility issues at an absolute minimum between departments and parties such as, supplier qualities, product grading, payments of goods and services, authentication, quality standards and so on, which in turn provides the company utilising the technology with much more time and work-force power to focus on the other important matters at hand, saving time and money.
The GES utility token will be used as blockchain token comes with reduce costs and generate faster transactions times; the token will be used to create listing and use upgraded services such as verified or featured supplier spots through Galaxy eSolutions.
It will also be used for Galaxy eSolutions services such as quality assurance and inspection which goes toward ensuring the refurbished product is up to standard, and also act as a ship-on-hold logistic centre all the while being highly a highly functional utility on Galaxy eSolutions sites for purchases.
GES tokens and the blockchain platform are set to be incorporated onto one of the Galaxy eSolutions marketplaces called MobileFreak where businesses and consumers can trade-in old mobile phones with other businesses, a direct P2P model and ecosystem that has blockchain technology readily available to keep all parties up to date on all processes and logistics.
Galaxy eSolutions Token Sale
The Galaxy eSolutions Token Sale begins on the 28th of February, 2018, ending the 31st of March, 2018; more details of the sale are detailed below:
- Token Price: 1ETH = 10,000 GES Tokens.
- Maximum Supply: 300M with unsold tokens burned.
- Market Buyback: 20% quarterly profit used on quarterly buyback with 50% burned.
- Token Value Protection: GES to buy back in stages as long as market price falls below listed price.
- Token Usage: Tokens can be used in ecosystem for services and products (5% of purchases will be credited monthly in GES token).
- Fund Raise: Monthly operational break-even reached. More funds equate to greater development and faster growth.
Token Boosts (20% minimum for ALL in view of recent ETH surge, a goodwill from GES):
- 20% – 0.1 to 49ETH
- 25% – 50 to 99ETH
- 30% – 100 to 249ETH
- 35% – 250 to 499ETH
- 40% – 500 to 999ETH
- 45% – 1000 to 2499ETH
- 50% – 2500ETH and above