eLYQD-Decentralized Vaping Ecosystem Marketplace

ololatide (11)in #cyptocurrency • 6 years ago

eLYQD is a decentralized ethereum based ecosystem marketplace that will be the framework for the entire vaping industry. With the help of blockchain technology, eLYQD allows making the platform to be 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 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.

eLYQD is a fully decentralized e-commerce marketplace 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.

eLYQD is creating a global blockchain platform for universal brands of e-liquids and accessories. This platform will eliminate country borders and connect vaping consumers and manufacturers worldwide.

Main advantages of the eLYQD platform:

Extensive and easy-to-use service

Payment in popular cryptocurrencies (ETH, Fiat, etc.) Low transaction costs

Transparent and decentralized review system

Low fees

International markets access

Detailed sales analysis

Tools for customer communication and financial reporting Advertising support of your business

eLYQD roles include:

eLYQD token creation and the token launch to fund development and expansion

Creation of an effective incentive model to join the eLYQD ecocommerce platform

Development of smart contracts to run the order payment and fulfillment process

Elaboration of the eco-commerce’s regulatory aspects

Establishment of a decentralized, fair and secure model for order execution

Development of marketing campaigns to initiate traction

Release of the customer website and app, fulfillment app for distribution hubs

Business approval verification system

Web interface for manufacturers and distribution hub logistics

Consumers

They are individuals or companies that want to buy vaping products online at cheaper prices. Orders can be placed via the eLYQD website, eLYQD app or custom apps derived by manufacturers from the app reference implementation. Consumer roles include:

• Search products listed by manufacturers, make orders and pay for them

• Participate in feedback requests

• Receive promotion, loyalty, referral and feedback rewards

Escrow and Arbitration

the seller, the buyer, the arbiter, and the escrow contract. The seller may choose the arbiter when they lists the item. Arbiters will set their own fees for their service, either a fixed price or a percentage of the item's selling price. The arbiters also determine whether the fee is only charged in the case of a dispute or if it is due regardless of any use of the arbitration service

Manufacturers

Manufacturers are companies or individuals in the business of vaping products. They could range from local garage startups, entrepreneurs to large corporations. Manufacturer roles include:

• Publish products

• Deliver products ordered by consumers to the distribution hub

• Promote the eLYQD eco-commerce by bringing traffic via promotions of derived apps

eLYQD 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.

Token Dyanamics And Fund Usage