Hello, all of you in this post, I will review about a project where this project is designed to enable producers of vaping industries to create online stores that utilize the most advanced technology in e-commerce and that is only in ELYQD.
What is the clarity about ELYQD
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.
This is a global problem that is often experienced:
*Full product range — either expensive or not available
*Cross-border payments for vaping products
*Payment Verification or denial
*Record keeping and security
This is the ELYQD solution to overcome the problem
*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.
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, 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.
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.
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).
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.
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.
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.
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.
the elyqd tokenomics
The fundamental unit of value within the eLYQD marketplace is the LYQD
Coin token (“token”), backed by the vaping industry. Tokens provide nonvolatile,
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, we 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
The name of the LYQD token
Platform – ERC-20
The cost of token Pre-ICO – 1 LYQD = 0.0024 USD
The price of a token-ICO – 1 LYQD = 0.0024 USD
Soft Cap – 2,000,000 USD
Hard Cap – 15,000,000 USD
DISTRIBUTION OF ISSUED TOKENS
Total number of generated LYQD tokens:
Date of pre-ico sale start:
July 01st 2018 09:00 a.m. UTC
Date of pre-ico sale end:
July 08th 2018 11:00 a.m. uTc
Date of crowdsale start:
July 09th 201819: 00 p.m.uTc
Token contract address:
Token purchase address:
Date of crowdsale end:
September 30th 2018 23:00 p.m.
until hard capisreached utcor
Token distribution date:
upto 15 days after ICO ends
For more detailed information about ELYQD visit the site below:
ANN thread: https://bitcointalk.org/index.php?topic=4526862.0
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1917269