emX

The protocol: emX

emX – is the protocol using which any existing e-commerce platform or website can embed auctions on their own platform. The word emX – is indicative of “Embedded AuctionX”.

Listed below are some possible use-cases where additional business can be attracted via auction mechanisms.

• Hotels, resorts, and airlines selling unsold inventory using the Discreet auction mechanism.

• Startups launching their products /offerings and attracting customers via auctions

• Charity organizations to auction experiences (How about breakfast with Warren Buffet?)

• E-commerce platforms for auctioning on their channels via API interfaces.

• Upcoming crypto projects for ICOs under the Dutch Auction model

• AuctionX leverages its expertise in auctions for different business and their use cases – bringing in easy integration and launch.

Through emX AuctionX exposes its APIs to the developer community to empower business houses to integrate auctions within their ventures. For example, an e-commerce website can power its section for LIVE auctions through emX. This creates an additional revenue source for both the business + brings in consumption of $AUX token for AuctionX. And ofcourse it helps AuctionX vastly expands its community and user base.