Galaxy eSolutions Launches The First Ever ICO For Refurbished Consumer Electronics

Nov 17, 2017 at 19:20 // News
Guest Author

With Pre-Sale of Galaxy eSolutions’ GES token to start on 17th November at 12:00 UTC, it is the first ICO to launch for refurbished consumer electronics.

Founded 2016 in Hong Kong, the international trading hub, Galaxy eSolutions (GES) is a global e-commerce marketplace and distribution in refurbished, pre-owned, consumer electronics specifically smartphones. By repairing and renewing the smartphones for extended product life to help save up resources GES is positions itself as a Green company in the refurbished smartphones market. 

GES plans to ultimately change the smartphone industry, by capturing large global markets such as India that are quick at adopting pre-owned smartphones. As the whole process from sourcing, to refurbishing and distributing is managed by Galaxy eSolutions it gives more quality control and fast distribution services. 

The vision of becoming the global market leader in this industry is due to the high demand and potential to grow within the market. As the product with most sales, smartphones, specifically iPhones are the most popular refurbished electronics people purchase. Also, an increase in trend with household members each have at least 1 phone, or the person with most income have 2-3 phones as a way to separate work and personal life, thus increases the demand. 

Becoming the market leader will enable Galaxy eSolutions to introduce other branded products, provide optimal customer experience, penetrate other developing markets, and open a gateway to environmentally aware consumers. 

The GES team are in their environments with the tech team led by Joe Chan, the Chief Technology Officer with Pranav Burnwal the Senior Application Developer of the GES tokens and smart contracts for the ICO. Followed by the GES team of advisors consisting 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 GES tokens are compatible with ERC-20 wallets and can be bought using Ethers (ETH). GES will operate as an open source ecosystem on the Ethereum blockchain. 

he GES token will serve as a utility that can be used on the Galaxy eSolutions online marketplaces. Using the blockchain technology for operating in global markets, to make fast, simple and secure e-commerce transactions. 

There are 3,000,000 tokens available in the token sale and there are 3 bonus periods also in place for those who participate in pre-sale ICO. Starting from 17th November [12:00 UTC] to 23rd November [11:59 UTC] the first pre-sale is with a 30% bonus period. 

To know more about the bonus periods and to join the pre-sale go to the ICO website

Read the whitepaper to get familiar with the allocation of funds raised from ICO. 

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