Galaxy eSolutions

A global eCommerce marketplace for refurbished and pre-owned consumer electronics

[youtube https://www.youtube.com/watch?v=fYuXpIJRNJ0?rel=0&w=560&h=315]

CS Score

7.4

Outlook:

Stable+

Galaxy eSolutions – by ,
7.4/ 10stars

Ended

2018/02/28 - 2018/03/31
ICO
Galaxy eSolutions
Token
GES
Price
1 ETH = 10,000 GES
Platform
Ethereum
Accepting
ETH
Bounties
Available
Bonus
Available
Min. investment
0.1 ETH
Hard cap
25000 ETH
Country
Hong Kong SAR China

CS Score :

7.4

Outlook :

Stable+

Idea 50%
Idea 7.4
Competitiveness 6.5
ICO 7.3
Team 8.6
Community 7.5
Marketing 7.3
Documentation 9.8
Financials 7.6
Reliability 5.4
Feasibility 5.9

Our team believes that Galaxy eSolutions can help solve some of the existing problems in the phone industry including the massive number of scams and frauds, high cross-border transaction fees and inefficient delivery. Despite of the uncertain prospects in the refurbished mobile phone market, we believe Galaxy eSolutions possesses the necessary elements for success, most notably its partnerships with distributors and factories and the certification for phone refurbishment from brands.

Idea
The idea itself is not disruptive to the refurbished phone market as it is based on sharing economy and circular economy, where the use of blockchain technology does not seem critical, except for its application in the supply chain.

Competitiveness

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Galaxy eSolutions (GES) is a Global eCommerce marketplace for refurbished and pre-owned consumer electronics. Operating as an open source ecosystem and incorporating the hybrid P2P Blockchain platform onto one of the marketplaces for phone trade-in that has a direct C2B and B2B model. This blockchain will be used for recording details of the goods, the logistics, and transactions. It will reduce inefficiencies caused in supply chain, and resolve any supplier credibility issues. The tokens will become utility tokens and will be able to be used on the blockchain platform as discounted listing fee and transactions.

-Direct B2C/B2B model which will later evolve to become a marketplace and ecosystem (reduce market supply chain inefficiencies)

-Strategic investment partnership with a fully licensed factory supplier which operates in a Shenzhen China bonded zone (Guarantees stable and quality supply, secures credit term, obtain supply chain advantage etc)

-Work with factory partner to establish standard grading and stringent QC control and checks, and RMA program (quality assurance and remove grading inconsistencies)

-Work with current investor, who owns one of the largest private logistics company, indirect freight, and local fulfillment solutions

-Raise fund backing to increase stock level in accordance with optimal stock level, and offer local fulfillment when deemed feasible (improve consumer experience)

Team Members

Yuen Wong
Co-Founder & CEO (Chief Executive Officer)

 

Joe Chan
CTO (Chief Technology Officer)

 

Erik Hohmann
CMO (Chief Marketing Officer)

 

Chris Wong
COO (Chief Operation Officer)

 

Simon Choi
Fintech, Blockchain & Global ICO Lawyer

 

Pranav Burnwal
Region Head at Blockchain Education Network & Senior Application Developer

 

Brennan Bennett
Blockchain Technology Consultant

 

Yuen Wong
Co-Founder & CEO (Chief Executive Officer)

 

Joe Chan
CTO (Chief Technology Officer)

 

Erik Hohmann
CMO (Chief Marketing Officer)

 

Chris Wong
COO (Chief Operation Officer)

 

Simon Choi
Fintech, Blockchain & Global ICO Lawyer

 

Pranav Burnwal
Region Head at Blockchain Education Network & Senior Application Developer

 

Brennan Bennett
Blockchain Technology Consultant

 

Advisors

Abdulaziz Aljouf
Founder & CEO at Paytabs

 

Jordan Miller
Founder at Paradigm Agency

 

Dr John Wong
Executive Vice Chairman at Executives’ Global Network

 

Neil Thomas
CEO & Founder at Muzaara

 

Stanley Lee
The President at E-Commerce Association of Hong Kong

Ken Wong
GM at Continental Global Service Ltd & Executive Officer at E-commerce Association of Hong Kong

Abdulaziz Aljouf
Founder & CEO at Paytabs

 

Jordan Miller
Founder at Paradigm Agency

 

Dr John Wong
Executive Vice Chairman at Executives’ Global Network

 

Neil Thomas
CEO & Founder at Muzaara

 

Stanley Lee
The President at E-Commerce Association of Hong Kong

Ken Wong
GM at Continental Global Service Ltd & Executive Officer at E-commerce Association of Hong Kong

February 2, 2014

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

February 2, 2014
May 10, 2015

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

May 10, 2015
June 21, 2016

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

June 21, 2016
Mar 2017
-1st YABphone site launched
-Launch of Android-Reborn site
-R-eached 100 orders per day
-Reached 1M USD monthly sales, 10 Country markets
Mar 2017
May 2017
Reached 1.5M USD monthly sales. 20 Country markets.
May 2017
Sep 2017
-Reached monthly operational break-even point.
-CNS obtained major share and management control and rights of Chinese Government authorised refurbishment factory (‘Furunzi’)
-ERP integration with Factory.
Sep 2017
Oct 2017
Reached 2M USD monthly sales. Obtained Exclusive Supply Agreement from CNS and Furunzi. Reached investment agreement with CNS. Launched Employee Shares Scheme successfully.
Oct 2017
Nov 2017
Launch ICO Presale. Prototype site MobileFreak built.
Nov 2017
Dec 2017
Fully tailored production plan in place for GES. Launch ICO Official/Public.
Dec 2017
Jan 2018
Start selling refurbished Samsung phones.
Jan 2018
Mar 2018
MobileFreak phrase 1 launches.
Mar 2018
Jun 2018
Start building Marketplace.
Jun 2018
Sep 2018
MobileFreak phrase 2 launches
Sep 2018