November 15th, 2017 at 8:48 am UTC · 3 min read
Galaxy eSolutions, based in Hong Kong, the first ICO in the refurbished consumer electronics market is about to launch its Pre-Sale in two days. GES is a unique venture, as it is responsible for the whole process of sourcing, refurbishing, quality control, and global distribution. The company provides high-quality products that are good as brand new, but at affordable retail prices.
“The Galaxy eSolutions ICO is a chance for funders to get their hands into a multi-billion dollar market. We will reward our funders with a generous profit sharing model and all our tokens are backed by real products.” Yuen Wong, Co-Founder & CEO Galaxy eSolutions.
A Q&A session with Yuen Wong, will also be held live on November 15th 2017, at 15:00 UTC, where interested parties that want to know more before the official launch of the pre-sale, can join in or view on YouTube: https://www.youtube.com/watch?v=0C0xuHwZSds.
The GES tech team is led by Joe Chan, the Chief Technology Officer with Pranav Burnwal operating as the Senior Application Developer of the GES tokens and smart contracts for the ICO. The GES team of advisors consist of Founders of leading online international businesses, like Abdulaziz Aljouf the Founder and CEO of Paytabs who was awarded by Forbes Middle East, and experts in the technology field specifically blockchain.
The market of refurbished consumer electronics is valued as a multi-billion dollar market and one of the fastest growing markets with a double digital growth rate per year; but this is not common knowledge. As an existing business, GES is set to generate $20 million revenue in sales towards the end of 2017, from its active marketplaces. GES has the aim and the potential to grow and become the market leader.
The GES Tokens are ERC-20 tokens and operate as an open source ecosystem on the decentralized Ethereum blockchain platform, and will be compatible with ERC-20 wallets. The tokens can be used as a utility where the holders of GES tokens will be able to use them on the marketplaces owned by Galaxy eSolutions. A one-stop solution for fast, simple and secure transactions.
There will be 3,000,000 GES tokens made available in the token sale. The rate of the tokens will be 100 = 1 ETH, with 3 bonus periods in the Pre-Sale.
Public ICO will commence on 8th December, 2017 at 12:00 UTC till 15th January, 2018 at 11:59 UTC.
The target and hard cap of 25000 ETH will be used for the developments and launches of other e-commerce marketplaces under Galaxy eSolutions. The funds raised will also go towards the growth plan and strategy in place.