ELYQD

VAPE INDUSTRY BLOCKCHAIN MARKETPLACE

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.

GLOBAL PROBLEMS & ELYQD SOLUTIONS

PROBLEMS

Full product range — either expensive or not available

Cross-border payments for vaping products

Payment Verification or denial

Record keeping and security

Fraud

Reputation

SOLUTION

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 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.

THE GOAL

The goal is to connect e-liquid producers all over the world and supply the tools needed to launch a single sane platform to the global market without businesses, minimum transaction fees and financial limits, agents or annoying bureaucratic routines. They will bring together manufacturers to create their own economic Crypto trading that will bring e-commerce to a new level.

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.

THE BUSINESS MODEL

eLYQD is a platform for buyers and sellers from all over the world. With an easy-to-use online platform, any manufacturer can make use of the broad features of the platform by creating their own stores to sell their products for a minimum fee.

Their service offers free-running users, small-scale manufacturers, multinational companies, direct customer feedback, accounting, sales analysis, advertising and publicity, as well as excellent opportunities to have a user-friendly interface.

Elyqd’s income model is fundamentally different from traditional e-commerce platforms. Traditional e-commerce platforms usually charge a fixed fee along with a commission fee sometimes over the selling price. Buyers may also have to pay for PayPal or other payment processing solutions.

TOKEN

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

TOKEN DISTRIBUTION

ROAD MAP

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.