E-liquid – a decentralized ecosystem marketplace for the entire vaping industry

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About

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.

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.
  • 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.

Market Overview

Vapor Products – Dynamics The perception of end-users toward e-liquids and devices is changing worldwide. The vapor products market is witnessing an increase in desire among end-users globally to quit smoking because of the increasing number of deaths caused by smoking-related cancer, respiratory diseases, and heart diseases. This trend, coupled with continuous innovations in e-vapor liquids and devices, is prompting large tobacco companies to shift their focus toward the development of these products.

Vapor Products – Distribution Channels Online sales will increase significantly due to availability of more choices to consumers than retail stores. E-vapor liquids and devices are mainly sold through retail distribution channels such as convenience stores, vape shops, tobacco shops, grocery shops, drug stores, and other retail outlets. These products are also available to end-users through online OEMs’ e-commerce portals and online direct-to- consumer stores such as Amazon, eBay, and Alibaba.

Token Sale

  • Start Date 2018-10-08
  • End Date 2018-12-30
  • Quantity 10000000000 LYQD
  • Price 0042 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.

For more information about eLYQD access the link whitepaper and eLYQD.

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