ICO Review Elyqd ~~The perception of end-users toward e-liquids and devices is changing worldwide

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What Is Elyqd ?

eLYQD is creating a global blockchain platform for universal brands of e-liquids and accessories. This platform will eliminate country borders and connect vaping consumers and manufacturers worldwide.
The LYQD token will enable an on-demand system that solves the current problems of cross border payments, data accessibility, and payment risk, allowing exposure to all vaping products easily accessible from all around the world available under one roof

Global Problems & eLYQD Solutions

PROBLEMS

  • Full product range — either expensive or not available
  • Cross-border payments for vaping products
  • Payment Verification or denial
  • Record keeping and security
  • Complexity
  • 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

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THE ELYQD 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, ransparent, 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

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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ELYQD EMPOWERS THE E-COMMERCE MARKET

eLYQD intends to address many deficiencies with the creation of a decentralized
e-commerce platform built on Ethereum. The eLYQD marketplace will implement smart contracts to provide an e-commerce infrastructure and use cryptocurrency for customer purchases and merchant listing fees. By using smart contracts for the creation of the online store and Ethereum’s native
currency, ether (ETH), as eLYQD’s own token, the project eliminates the need for third parties that have previously been essential to hosting and payment processing.

Online Market

Each year the number of people who regularly shop online keeps growing. According to the Global E-commerce Report marketing study by Nielsen (a company focused on the FMCG industry marketing measurements), the number of online shopper’s increases annually by an average of 16% and now it amounts to 1.66 billion worldwide. Global e-commerce is such a growth industry, which poses huge challenges to the world of traditional retail channels. For many consumers, especially in the developed world, e-commerce has become the top choice when it comes to shopping, threatening the existence of old brick-and mortar retail shops. It is also creating huge ripples in emerging markets, especially since ecommerce stores can enter the market quite easily. There are more than 1.5 billion customers of online marketplaces in the world .

Under conditions of global economic growth, the online retail is gradually capturing its share of the international market of retail and enlarging the number of e-commerce platforms users both among customers and among sellers. The world e-commerce is getting a boost, with the turnover of $2.2 trillion expected by 2018. Rate of increase is 20%

 

Our Rating About The "ELYQD" Project
  • ICO PROFILE
  • PRODUCT
  • Vission
  • Team Member
  • Our Own Ratting
4.9

Summary

eLYQD is a decentralized ethereum based ecosystem marketplace that will be the framework for the entire vaping industry. One of the main features of eLYQD is the use of blockchain technology, which allows making the platform transparent, open and as safe as possible for both transaction parties, reduction of transaction and business costs, and simplifying of the purchase process.

eLYQD is a platform designed to allow vaping industry manufacturers to create an online store that will make good use of the most advanced technologies in the e-commerce field, and providing the vaping community the freedom of choice and the option to pay for products with LYQD tokens, fiat or cryptocurrencies

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ETH Address : 0x04cd193c757d2c5edf406efb688ec9301bffcd91

 

 

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