Crypto Pacitan : eLYQD

eLYQD

About eLYQD

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.

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.

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.

Business Model

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.

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.

Such a direct to consumer (D2C) marketplace has significant advantages over centralized platforms in terms of freedom, privacy, and cost.

It can never be shut down, can never go offline, and listing information cannot be lost.Users remain private, if they wish to do so. eLYQD can never be censored, and users cannot be prevented from buying or selling.

Payments are processed without the interaction of centralized payment platforms and therefore, making the entire experience easy, cost effective and seamless.

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.

Token info

Token = LYQD

Platform = Ethereum

Type = ERC20

PreICO price 1 LYQD = 0.0024 USD

Price in ICO 1 LYQD = 0.0024 USD

Investment info

Min. investment = 0.1 ETH

Accepting = ETH

Distributed in ICO = 60%

Soft cap = 2,000,000 USD

Hard cap = 15,000,000 USD

After the ICO period, all contributors will receive an ERC20 exchangeable ELYQD tokens on the Ethereum network. Whenever the ELYQD blockchain is launched with its own token mechanism, the ERC20 token will be always accepted for exchange to a new token 1-to-1.

Roadmap

Listed below are a few of the upcoming milestones of the eLYQD project.

Q1 2018

An idea is born. A decentralized marketplace exclusively for the vaping industry

Bringing some serious change through our direct to consumer marketplace

Q3 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

Team

The eLYQD team is unique in that it combines deep vaping industry and fintech experience with blockchain and software expertise. eLYQD's Crowdsale is a natural continuation of the team's long term vision of delivering frictionless, high quality, low costing vaping experience for everyone, everywhere.