elyqd ico review
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.
Official Youtube Presentation
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WEBSITE: https://www.elyqd.world/
WHITEPAPER: https://www.elyqd.world/assets/files/white-paper.pdf
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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
Solutions
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.
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 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.
Ico Details
Start Date:2018–07–09
End Date:2018–09–30
Quantity:10000000000 LYQD
Price — 0.0054 USD
Token Distribution
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 Sale Structure
Rosdmap
Listed below are a few of the upcoming milestones of the eLYQD project.
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
Team
Follow Us
Website
ANN
Telegram
Medium
My Info
Bitcoin User Name: taskurun1998
Bitcoin Profile Link: https://bitcointalk.org/index.php?action=profile;u=1775722
ETH : 0xec494dEDdC6Fd29bD37716Ca3368f6D9f3556d45