eLYQD-DECENTRALIZED VAPING INDUSTRY MARKETPLACE
As progressive as it sounds, Blockchain really is a system to convey everybody to the most noteworthy level of responsibility. Not any more missed exchanges, human or machine blunders, or even a trade that was not finished with the assent of the gatherings included. Above whatever else, the most basic territory where Blockchain causes is to ensure the legitimacy of an exchange by recording it on a principle enroll as well as an associated dispersed arrangement of registers, which are all associated through a safe approval component.
The blockchain is a morally sound computerized record of monetary exchanges that can be customized to record not simply money related exchanges but rather for all intents and purposes everything of esteem. Blockchain innovation resembles the web in that it has a worked in power. By putting away squares of data that are indistinguishable over its system, the blockchain can’t be controlled by any single substance and has no single purpose of disappointment. The web itself has turned out to be tough for just about 30 years. It’s a reputation that looks good for blockchain innovation as it keeps on being produced.
OVERVIEW OF eLYQD
eLYQD is a decentralized ethereum based biological community commercial center that will be the structure for the whole vaping industry. One of the principle highlights of eLYQD is the utilization of blockchain innovation, which permits making the stage straightforward, open and as sheltered as workable for both exchange parties, decrease of exchange and business expenses, and improving of the buy procedure.
Besides, eLYQD is a stage intended to permit vaping industry makers to make an online store that will make great utilization of the most cutting edge innovations in the internet business field, and giving the vaping network the opportunity of decision and the choice to pay for items with LYQD tokens, fiat or digital forms of money.
The eLYQD commercial center will build the adequacy of all business cooperations by liberating them from a wide range of agents and making those communications prompt, straightforward, secure and commonly valuable. This vision will be accomplished by making a quick blockchain-based decentralized biological system and sorting out client connections on the distributed premise.
The objective is to interface e-fluid makers everywhere throughout the world and supply the devices expected to dispatch a solitary rational stage to the worldwide market without organizations, least exchange expenses and money related breaking points, operators or irritating bureaucratic schedules. They will unite makers to make their own financial Crypto exchanging that will convey internet business to another level.
These are few of the PROBLEMS eLYQD is putting forth answers for:
Full item extend — either costly or not accessible
Cross-fringe installments for vaping items
Installment Verification or dissent
Record keeping and security
Purchasers approach brands from everywhere throughout the world 24 hours per day, 365 days a year, wherever they are.
LYQD tokens enable clients to send and get installment internationally in minutes, wiping out the danger of default and costing a small division of the aggregate.
eLYQD blockchain will encourage quick store move into escrow accounts. All constituents can oversee escrow accounts through shrewd contracts.
eLYQD recordkeeping application will take into account rearranged electronic record creation and store this information on a decentralized anonymized arrange that is fundamentally harder to hack and break
eLYQD framework will kill purposes of potential breakdown. eLYQD brilliant contracts will (a) guarantee that advances happen easily and (b) keep changeless records of moves made by all constituents .
eLYQD requires verification of-arrange, time/area stamping of the genuine exchange, and undisputed hash records of all means executed, from arrange, charging to transportation.
eLYQD system will record all exchanges, positive activities enhance a client’s notoriety. The danger of a negative survey persuades all gatherings to stay legit. eLYQD’s blockchain-based decentralized system will give a stage to the up and coming age of shared (P2P) applications to help and record every single constituent communication in the esteem chain, with evidence of finishing and consistence at each progression.”
These statements above(The Problem and The Solution) are gotten from the eLYQD Website – https://www.elyqd.world/
Access to worldwide market
Expansive clientelle around the world
Chance to offer different products
Promoting cost decrease
The eLYQD biological community will be utilized by mass buyers and item producers, from all around the globe.
Disseminated blockchain guarantees add up to straightforwardness and check of every exchange, including nitty gritty item attributes, its value structure, important conditions of the deal, and rumored profiles of the deal parties. The eLYQD biological community will be sent on the Ethereum stage.
The distributed guideline of cooperation inside eLYQD will enable all members to communicate straightforwardly. This expels go between related expenses. The cost of an item or an administration will be ignored to the producer completely. The end-cost of an item will just contain genuine creation costs and a reasonable edge.
ELYQD UTILITY TOKEN
Installments inside the eLYQD environment will be affected in the framework’s own crypto-tokens—LYQD, ERC20-agreeable. The capacity of the token will be to remunerate clients for dynamic utilization of the biological community and commitments to its advancement (rewards incorporate a few sorts of crypto-paybacks, dedication, advancements).
On account of a debate amongst purchaser and merchant, a mediation benefit is accessible. We urge merchants to pick a judge, as it expands the trust level for purchasers and furthermore the likelihood that buys will be made. In the event that the two gatherings question an exchange, the vender will pay the mediator out of the escrowed reserves. For purchasers, intervention is in every case for nothing out of pocket.
Each dealer and purchaser will have a notoriety rating got from their lead amid each exchange. Clients with a low or negative notoriety score might be sifted through, keeping in mind the end goal to shield different clients from extortion and sat around idly. This notoriety framework will energize true blue traders and clients to act sincerely and to develop a strong notoriety.
Ether, similar to all cryptographic forms of money, is unpredictable, changing in an incentive once a day, in respect to national monetary forms like the dollar and the euro. eLYQD will build up an incorporated installment framework that works like ether, however changes over to monetary forms at a proportion of 1:1. At long last, things can be estimated in a national money, and you will know precisely the amount you’re spending or being paid.
THE CRYPTOCOMMERCE ECOSYSTEM
Inside the eLYQD biological system, brands, purchasers, authorities, appropriation and shippers cooperate straightforwardly with each other. Exchanges are controlled by LYQD and consequently they are quick, secure and straightforward. There is no requirement for middle people that exist in customary vaping environments. eLYQD will hold all the esteem created by the network inside the biological community.
eLYQD is a stage for purchasers and venders from everywhere throughout the world. With a simple to-utilize online stage, any producer can make utilization of the expansive highlights of the stage by making their own stores to offer their items for a base expense.
Their administration offers free-running clients, little scale makers, multinational organizations, coordinate client criticism, bookkeeping, deals investigation, promoting and reputation, and additionally superb chances to have an easy to understand interface.
Elyqd’s salary demonstrate is generally not the same as conventional internet business stages. Conventional web based business stages normally charge a settled expense alongside a commission expense now and again finished the offering cost. Purchasers may likewise need to pay for PayPal or other installment handling arrangements.
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.”
These quotes above(The eLTQD Tokenomics) are gotten from the eLYQD Whitepaper – https://www.elyqd.world/assets/files/white-paper.pdf
Price – 0.0054 USD
Token Sale Structure
2018 › An idea is born. A decentralized marketplace exclusively for the vaping industry › Bringing some serious change through our direct to consumer marketplace
Q3 – Q4 2018 › Funding for development › Launch of the marketplace via sale of LYQD tokens
Q1 2019 › Development of an alpha version of the marketplace testing › All connections made through HTTPS › Escrow & Arbitration smart contracts › Universal search bar › Blockchain caching system › Free, private image uploading › Unencrypted chat system › x2 Geth and caching nodes
Q2 2019 › Blockchain caching system › Free, private image uploading › Unencrypted chat system › Public beta testing › Localization in 20 languages › Error reporting system › Status.im integration › Web version & filtering system › Importable theme system › Shipping provider integration
Q3 2019 › Escrow app & arbitration providers › Importable theme system › Naming system, Sigs & Nametags › Reputation system › Shipping provider integration › Variable and safe-low gas cost › Reputation system › Mobile apps for iOS and Android › Additional shipping provider integration › Storefront system › Bulk inventory upload
Q4 2019 › Live desktop app for escrow and arbitration › Live Status.im app › Live web version › Integrated encrypted chat system › Filtering system › Variable and safe-low gas cost › Complete Geth and caching node network › Storefront system › Bulk inventory upload › Additional languages › Fiat payment system
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