Crypto Pacitan : LYQD

LYQD

LYQD is an ecosystem market based on decentralized immortality that will become the framework for the entire vaping industry. One of the main features of eLYQD is the use of blockchain technology, which enables the creation of transparent, open and secure platforms for both parties, reduces transaction and business costs, and simplifies the purchasing process.

eLYQD is a platform designed to enable vaping industry manufacturers to create online stores that will utilize the most advanced technology in e-commerce, and provide a vaping community the freedom to choose and the option to pay for products with LYQD, fiat or cryptocurrency tokens.

ALL ELYQD

The eLYQD market will increase the effectiveness of all business interactions by freeing them from all types of intermediaries and making this interaction direct, transparent, safe and mutually beneficial. This vision will be achieved by creating a decentralized blockchain based ecosystem and managing peer-to-peer user interactions. The eLYQD ecosystem will be used by mass consumers and product manufacturers, from all over the world.

CHAIN BLOCK

The Distributed Blockchain ensures total transparency and verification of each transaction, including detailed product characteristics, price structure, relevant sales conditions, and a well-known sales profile. The eLYQD ecosystem will be used on the Ethereum platform.

PEER-TO-PEER

The principle of peer-to-peer interaction at eLYQD will allow all participants to interact directly. This eliminates the costs associated with intermediaries. The price of the product or service will be forwarded to the manufacturer as a whole. The final price of a product will only contain real production costs and fair margins.

ELYQD UTILITY TOKEN

Payments in the eLYQD ecosystem will affect the crypto-token-LYQD, ERC20-compliant system. The token function rewards users for the active use of ecosystems and contributes to their development (awards include several types of crypto-payback, loyalty, promotion).

ARBITRATION

In the case of a dispute between buyer and seller, arbitration services are available. We encourage sellers to choose arbitrators, because this increases the level of trust for the buyer and also the possibility of a purchase to be made. If both parties dispute the transaction, the seller will pay the arbitrator of the funds deposited. For buyers, arbitration is always free.

REPUTATION SYSTEM

Each seller and buyer will have a reputation rating that originates from their behavior during each transaction. Users with low or negative reputation scores can be filtered, to protect other users from fraud and wasting time. This reputation system will encourage legitimate traders and customers to act honestly and build a solid reputation.

FIAT PAYMENT

Ether, like all cryptocurrency, is easy to change, changing its value every day, relative to national currencies such as dollars and euros. eLYQD will develop an integrated payment system that functions like ether, but converts to currency 1: 1. Finally, goods can be priced in national currency, and you will know exactly how much you spend or pay.

ECOSYSTEM CRYPTOCOMMERCE

In the eLYQD ecosystem, brands, consumers, arbitrators, distribution, and senders interact directly with each other. Transactions are supported by LYQD and therefore they are fast, safe and transparent. There are no intermediaries needed in traditional vaping ecosystems. eLYQD will maintain all values generated by the community in the ecosystem.

ROADMAP

Below are some of the upcoming milestones of the eLYQD project.

›An idea that was born. A decentralized market specifically for the vaping industry ›Bring some serious changes through our direct market to consumers

2018

›Funding for development› Launching the market through the sale of LYQD tokens

Q3 - Q4 2018

›Development of alpha version market testing› All connections made via HTTPS ›Smart contract Escrow & Arbitration› Universal search bar ›Blockchain blocking system› Uploading free personal images ›Unencrypted chat system› x2 Geth and caching nodes

Q1 2019

›Blockchain blocking system› Uploading personal and free images ›Unencrypted chat system› Public beta testing ›Localization in 20 languages› Error reporting system ›Status.im integration› Web version & filtering system ›Theme systems that can be imported› Integration service providers

Q2 2019

›Escrow & arbitration service providers› Theme systems that can be imported ›Naming systems, GIS & Nametags› System reputation ›Integration delivery providers› Low and safe gas costs ›Reputation system› Mobile applications for iOS and Android ›Additional shipping provider integration› Storefront system ›Upload mass inventory

Q3 2019

›Direct desktop application for escrow and arbitration› Live application Status.im ›Direct web version› Integrated encrypted chat system ›Filtering system› Safe gas costs and low variable costs> Full network vibration and cache network ›Storefront system› Bulk inventory upload › Other languages ›Fiat payment system

ELYQD TOKENOMICS