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.
The position of cryptocurrency in today’s world is growing rapidly: the combined market capitalization of all cryptocurrencies has increased more than threefold since early 2016, reaching almost $150 billion in August 2017
According to the latest data, the current number of unique active users of cryptocurrency wallets is estimated to be about 6 million. Thus, the application of cryptocurrency becomes an important issue. eLYQD is a marketplace platform designed to allow anyone to create an online store that will make good use of the most advanced technologies in the e-commerce field, including the option to pay for vaping products with cryptocurrencies and eLYQD tokens.
Our aim is to connect e-liquid manufacturers all over the world and supply businesses with the necessary tools for launching a one-of-akind platform to the global market with minimal transaction fees and without any financial borders, intermediaries or annoying bureaucratic routine. We will unite manufacturers in order to create our own economical crypto-commerce that will take e-commerce to a new level.
eLYQD is a fully decentralized e-commerce marketplace where everyone can buy and sell vaping products,and benefit from the significant advantages of the platform's design and technical properties: privacy, freedom, and much lower costs.
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.
- 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.
eLYQD is a fully decentralized e-commerce marketplace where everyone can buy and sell vaping products,and benefit from the significant advantages of the platform's design and technical properties: privacy, freedom, and much lower costs.
Problem
- 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
- 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.
GlobaLiquids Inc., dba eLYQD is a corporation registered in USA. eLYQD will provide the exclusive technology services for the online crypto-commerce ecosystem marketplace.
eLYQD is a platform created for buyers and sellers from all over the world. With an easy to-use online platform, any manufacturer is able to create their own storefront to sell their products, while making use of the platform’s wide range of features for a minimal fee.
Our service offers great opportunities for self-employed entrepreneurs, small-scale manufacturers, multinational businesses, including a selection of tools for direct customer feedback, bookkeeping, sales analysis, advertising and promotion, as well as a convenient, userfriendly interface.
The eLYQD’s revenue model differs fundamentally from those of traditional e-commerce platforms.
Traditional e-commerce platforms typically charge a flat fee on the sale price, sometimes in combination with a commission fee. Buyers may also have to pay fees to PayPal or other payment processing solutions.
eLYQD suppliers benefit from a new direct sales channel where the eLYQD ecosystem is not an intermediary but is rather the conductive media for the buyer and the seller. Suppliers can get immediate access to large numbers of potential buyers with virtually zero customer acquisition costs. The eLYQD ecosystem relies on consumers, and not marketing dollars, to promote products. Suppliers can reward promoters with fat currency rewards, or simply rely on the system’s native Social Capital Management System that distributes rewards to incentivize their consumers and promoters.
eLYQD consumers are offered an ad-free environment where the only source of influence is reviews from trusted users and blockchain-based verifiable data on a product’s properties and sales performance. Furthermore, active consumers are predictably and fairly rewarded for a known set of behaviors that benefit others.
Roadmap
For Information
ANN: https://bitcointalk.org/index.php?topic=4526862.0
Website: https://www.elyqd.world/
Whitepaper: https://www.elyqd.world/assets/files/white-paper.pdf
Facebook: https://web.facebook.com/elyqdcom
Twitter: https://twitter.com/elyqdcom
Telegram: https://t.me/elyqd_world
Reddit: https://www.reddit.com/user/elyqdcom
Linkedin: https://www.linkedin.com/company/elyqdworld/
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