Refurbishing electronics to almost as good as new
Galaxy eSolutions has been running a successful business for a while now, what they essentially do, is buy used electronics, refurbish them in their Chinese based factory and sell it on their eCommerce marketplace. Because of their licensed factory techniques, used electronics processed by their facility is almost as good as new. This allows for consumers to buy electronics for a cheaper price while still enjoying incredible quality. At the moment, Galaxy eSolutions are focusing on the mobile phone and drone market, but there in the future other kinds of electronics can be added to their ecosystem. Because of problems the project has run into regarding the future use and scaling of their eCommerce platform, Galaxy eSolutions is now looking to implement blockchain technology. Their own ERC20 token, GES, will also be implemented into their system.
Galaxy eSolutions & the industry
Galaxy eSolutions has experienced great success with their business so far, in 2017 they had around 20 million dollars in sales and is breaking even each month. The market for refurbished mobile phones alone is expected to be valued at 30 billion dollars by 2020. This is a huge opportunity for Galaxy eSolutions and their eCommerce sites (NDBD, Yabphone & Android Reborn) especially when considering that many other electronics also can be added. The GES token which is the one they are selling in their ICO is going to offer a range of benefits when using their eCommerce platform such as a 5% token back program from purchases made with GES tokens. A market buyback program has also been set in place to continuously deflate the total supply of GES tokens, Galaxy eSolutions will use 20% of quarterly profit to buy back GES tokens from the market, 50% of which will be burned.
To fund their project, Galaxy eSolutions is raising funds through an initial coin offering (ICO), selling their ERC20 token GES. This token will offer benefits to users who pay with it, and programs are built around as mentioned above.
The token sale started the 28th of February
The token sale ends the 31st of March
10000 GES = 1 ETH (Bonuses apply to different phases, see picture below)
- Total amount of tokens issued is 300.000.000 GES
- A maximum 2.565.000 GES will be available for purchase during the token sale
- Hard cap is 20.000 ETH
All unsold tokens will be burned/destroyed
This is just some of the members of the project, to view the entire team and their advisors, visit their website: https://galaxy-esolutions.com/ or read their whitepaper here: http://whitepaper.galaxy-esolutions.com/GES_Business_Deck_Full_Version_EN.pdf
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
ANN Thread: https://bitcointalk.to/index.php?topic=2715023.0
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