eLYQD — Decentralized Vaping Ecosystem Marketplace

cratortouch (31)in #blockchain • 6 years ago

eLYQD is a platform created for manufacturers and consumers from all over the world. With an easy to-use online store builder, any manufacturer can create their own storefront to sell their products, while making use of the platform’s wide range of features for a minimal fee.

While the consumer will avail the benefit of choosing the product of their liking at the most competitive prices.

The eco-commerce platform will be built in accordance with a scalable and decentralized approach that ensures stability and sustainability in the long term.

The main features of eLYQD is the use of blockchain technology, which allows to make the platform transparent, open and as safe as possible for both transaction parties, reduction of transaction costs and business costs, and simplification of the purchase process

Decentralization, globalization, simplification and the integration of cryptocurrency in the project are our competitive advantages over other business solutions existing in the e-commerce markets today.

VISION

The eLYQD marketplace will increase the efficacy of all business interactions by freeing them from all kinds of middlemen and making those interactions immediate, transparent, secure and mutually beneficial. This vision will be achieved by creating a fast blockchain-based decentralized ecosystem and organizing user interactions on the peer-to-peer basis. The eLYQD ecosystem will be used by mass consumers and product manufacturers, from all around the world.

BLOCKCHAIN

Distributed blockchain ensures total transparency and verification of each transaction, including detailed product characteristics, its price structure, relevant circumstances of the sale, as well as reputed profiles of the sale parties. The eLYQD ecosystem will be deployed on the Ethereum platform.

PEER-TO-PEER

The peer-to-peer principle of interaction within eLYQD will allow all participants to interact directly. This removes middleman-related costs. The price of a product or a service will be passed over to the manufacturer in its entirety. The end-price of a product will only contain real production costs and a fair margin.

ELYQD UTILITY TOKEN

Payments within the eLYQD ecosystem will be effected in the system's own crypto-tokens—LYQD, ERC20-compliant. The function of the token will be to reward users for active use of the ecosystem and contributions to its development (rewards include several types of crypto-paybacks, loyalty, promotions).

ARBITRATION

In the case of a dispute between buyer and seller, an arbitration service is available. We encourage sellers to choose an arbitrator, as it increases the trust level for buyers and also the probability that purchases will be made. If both parties dispute a transaction, the seller will pay the arbitrator out of the escrowed funds. For buyers, arbitration is always free of charge.

REPUTATION SYSTEM

Every seller and buyer will have a reputation rating derived from their conduct during every transaction. Users with a low or negative reputation score may be filtered out, in order to protect other users from fraud and wasted time. This reputation system will encourage legitimate merchants and customers to act honestly and to build up a solid reputation.

FIAT PAYMENTS

Ether, like all cryptocurrencies, is volatile, changing in value on a daily basis, relative to national currencies like the dollar and the euro. eLYQD will develop an integrated payment system that works like ether, but converts to currencies at a ratio of 1:1. Finally, items can be priced in a national currency, and you will know exactly how much you're spending or being paid.

PROBLEMS

• Full product range — either expensive or not available

• Cross-border payments for vaping products

• Payment Verification or denial

• Record keeping and security

• Fraud

• Reputation

SOLUTION

Consumers have access to brands from all over the world 24 hours a day, 365 days a year, wherever they are.

LYQD tokens allow users to send and receive payment globally in minutes, eliminating the risk of nonpayment and costing a tiny fraction of the total
eLYQD blockchain will facilitate immediate fund transfer into escrow accounts. All constituents can manage escrow accounts through smart contracts.

The eLYQD recordkeeping app will allow for simplified electronic record creation and store this data on a decentralized anonymized network that is significantly harder to hack and leak.

The eLYQD system will eliminate points of potential breakdown. eLYQD smart contracts will (a) ensure that transitions occur smoothly and (b) keep immutable records of actions taken by all constituents.

eLYQD requires proof-of-order, time/location stamping of the actual transaction, and undisputed hash records of all steps executed, from order, billing to shipping.

The eLYQD network will record all transactions, positive actions improve a user’s reputation. The risk of a negative review motivates all parties to remain honest. eLYQD's blockchain-based decentralized network will provide a platform for the next generation of peer-to-peer (P2P) apps to support and record all constituent interactions in the value chain, with proof of completion and compliance at each step.

FEATURES

• Extensive and easy-to-use service

• Low fees

• Low transaction costs

• Detailed sales analysis

• Advertising support of your business

• Payment in popular cryptocurrencies (ETH, Fiat, etc.)

• International markets access

• Transparent and decentralized review system

• Tools for customer communication and financial reporting

• LYQD token payment for goods and the platform services at special prices

THE CRYPTOCOMMERCE ECOSYSTEM

Within the eLYQD ecosystem, brands, consumers, arbiters, distribution and shippers interact directly with one another. Transactions are powered by LYQD and therefore they are fast, secure and transparent. There is no need for intermediaries that exist in traditional vaping ecosystems. eLYQD will retain all the value generated by the community within the ecosystem.

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THE BUSINESS MODEL

eLYQD is a platform for buyers and sellers from all over the world. With an easy-to-use online platform, any manufacturer can make use of the broad features of the platform by creating their own stores to sell their products for a minimum fee.

Their service offers free-running users, small-scale manufacturers, multinational companies, direct customer feedback, accounting, sales analysis, advertising and publicity, as well as excellent opportunities to have a user-friendly interface.

Elyqd's income model is fundamentally different from traditional e-commerce platforms. Traditional e-commerce platforms usually charge a fixed fee along with a commission fee sometimes over the selling price. Buyers may also have to pay for PayPal or other payment processing solutions.

ELYQD TOKENOMICS AND ICO DETAILS

The fundamental unit of value within the eLYQD marketplace is the LYQD Coin token (“token”), backed by the vaping industry. Tokens provide non- volatile, inflationary - resistant digital value within the eLYQD marketplace.

The LYQD token will be derived from a standard Ethereum ERC 20 token and will be tradeable on exchanges. The eLYQD platform offers the vaping industry a sharing -economy marketplace without country borders, intermediaries, or central hubs.

Here, transactions between manufacturers and consumers are routed through a decentralized peer- to-peer network.

The distribution will be carried out through a smart contract. Raised funds will be used to launch the platform,integrate the token and finance promotion and marketing.

Depending on the raised sum, they will execute the project on different levels. Integrated within the Ethereum smart contract, it will serve as the utility token of a decentralized autonomous organization – known as elyqd world platform. LYQD token will act as the underlying fuel driving all components to perform effortlessly while maximizing the benefits by providing the lowest pricing in the industry.

ICO Details

Start Date:2018-07-09

End Date:2018-09-30

Quantity:10000000000 LYQD

Price - 0.0054 USD

Token Distribution

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