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APEX Network is the blockchain platform for the next generation of consumer applications - solving current problems concerning privacy, exchange and ownership of data, interactivity of consumer experiences, and connectivity of value.
Seamlessly integrated with the parent company APEX Technologies' widely adopted Big Data and AI products used by their 360+ existing enterprise customer base, the network is run by a collective of supernodes and supported by community run voter nodes with consumer data securely stored in a cloud of data nodes.
APEX Network is providing enterprises with a more direct and secure way of incentivizing and rewarding their customers for sharing data, increasing customer life cycle value while providing actionable data to guide enterprise product development and marketing efforts.
The CPX token is essential to the operation of the ecosystem as both transactions across the network and access to consumer data require CPX fees being paid to the supernodes and data cloud nodes maintaining the network. Besides running these types of nodes token holders also earn CPX rewards through staking their tokens in voter nodes to support the supernodes. Enterprises running their own supernodes and sidechains are required to hold a significant amount of CPX tokens.
Testnet launch in Q4 2018 marks the start of enterprise dApp development for the 20 Apex Technologies’ enterprise customers accepted into Apex Network´s piloting program ahead of mainnet launch Q1 2019.
Token Status and Distribution
50% of the total supply was sold during the ICO in January 2018. All private sale and presale bonuses have been unlocked. Of the remaining 50%, 25% is allocated to platform and ecosystem growth, 10% as company reserve and 15% to the team and advisors. Team allocation is on a three year vesting schedule with annual cliffs.
ICO price: 1 Neo = 1,000 CPX
Development paper: http://cdn.chinapex.com.cn/med/videos/to/APEX-Development-Plan-eng.pdf
Node ecosystem overview: http://cdn.chinapex.com.cn/med/videos/to/APEX-Node-Ecosystem-0622.pdf
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