3/3
While this closes the current chapter for Prodex, it is not the end of our mission. Thank you for your trust, future updates will be shared transparently if there will be any.
1/3
Official Prodex Update:
After a thorough review, we have made the difficult, but responsible decision to discontinue the Prodex initiative. Despite strong early interest, funds raised via Gems Launchpad were not sufficient to build the platform to our standards. 👇🏻
2/3
Prodex will no longer be included in the Mercury Miner portfolio on Gems Launchpad.
What happens next?
Prodex’s 18% allocation inside the Miner is being automatically redistributed to active projects. No holder action required.
For #eCommerce platforms and online sellers, there's money in traffic and views, not only in sales. This is why shopping websites are getting flooded with AI-generated products. Sure, sharp shoppers can spot the slop today, but as AI gets better and more accurate by the hour, you'll soon need a way to verify online products.
https://t.co/wsWPwFZlXy
Our main objective for Q2: Launch the 1st version of our platform and begin making sales!
At this stage @ProdexCom is already being populated with product listings, thoroughly and rapidly verified by the contributors. Buyer & seller interactions will be available to strengthen community power and trust among all parties involved, while outside the platform, our marketing efforts will accelerate user growth and put Prodex on the #eCommerce map.
For our full roadmap, visit: https://t.co/62JH2va86y
Misleading product offers are a primary weapon for #eCommerce fraudsters, knowing that over half of shoppers won’t bother going through the reporting process to either get their money back or get the product taken down by the website’s management.
@ProdexCom eliminates this huge problem by placing product description in the hands of the community and compensating members for creating a more responsible shopping environment.
WormGPT is an AI model designed for cybercrime, enabling phishing, fraud, and deceptive #eCommerce tactics. Unlike @ChatGPTapp, it has no ethical restrictions, making it a tool for scammers to generate fake product listings, manipulate buyers, and exploit vulnerabilities in online marketplaces.
Decentralized platforms like Prodex help counter such threats by allowing community verification of product information, reducing reliance on unverified seller claims. This approach makes it harder for AI-generated scams to succeed.
Dark web forums offer Fraud-as-a-Service (FaaS) kits, providing tools for scams like fake stores, stolen credit card data, and automated refund fraud. These kits make eCommerce fraud accessible, even to non-technical users, allowing them to exploit marketplace loopholes at scale.
Platforms like Prodex mitigate these risks by decentralizing product verification, ensuring that listings are validated by a community rather than relying solely on seller input. This reduces the effectiveness of AI-driven scams and fraudulent sellers.
Free returns, instant refunds, and no-questions-asked exchanges—COVID-19 accelerated eCommerce growth, forcing brands to embrace generous policies. However, this rush also opened the door for policy abuse and fraud.
Prodex counters these risks with a decentralized, community-driven marketplace where product information is verified by contributors, ensuring transparency and reducing fraudulent listings. By prioritizing trust and accuracy, Prodex offers a smarter way to shop and sell online.
Breaking barriers, reducing fees, and empowering contributors in a $5 Trillion market.
Listen to Head of Prodex, Oron Berkovich, as he unfolds the brilliance behind our promising project live on stage at the @Gems_VIP_ Global Leaders Summit | Jan 2025: https://t.co/yS4opRkrQ5
Tired of shady deals and payment disputes?
Prodex’s transparent escrow system locks funds until both buyer and seller meet their end of the deal.
No more chargeback fraud, no more vanishing sellers—just secure, blockchain-tracked transactions that keep eCommerce fair and fraud-free.
Decentralized eCommerce in Action!
We've updated our platform so that Sellers can now create stores, manage products, and list new items—laying the foundations for our open marketplace.
🎯 Next up: Enhancing the buyer experience, streamlining orders, and integrating secure crypto payments via smart contracts.
The future of online commerce is on the way! 🚀💡
Prodex supports both #fiat and #crypto payments, making it easier for sellers to reach a wider audience.
Non-technical buyers can pay with traditional methods, while crypto users benefit from fast, low-fee transactions. This flexibility increases sales opportunities, reduces barriers for new customers, and ensures seamless transactions in a decentralized marketplace.
Misleading product offers are a primary weapon for #eCommerce fraudsters, knowing that over half of shoppers won’t bother going through the reporting process to either get their money back or get the product taken down by the website’s management.
@ProdexCom eliminates this huge problem by placing product description in the hands of the community and compensating members for creating a more responsible shopping environment.