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What is 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.

Why eLYQD ?

SMART CONTR ACTS:

ELYQD will provide a number of smart contract templates that will be used to facilitate the sales mechanism. The peer-to-peer structure is the perfect ft for the decentralized nature of the ELYQD ecosystem and has the beneft of handing over the power back to the people participating in the ecosystem.

PAYAMENTS:

Payment processing through blockchain has a signifcantly bigger potential for transaction high speeds and low prices, let alone all the possible variety of ways smart contracts can improve both ecommerce and payments. A tokenized ledger will provide a complete token-based system, similar to “real” money where tokens are sent and exchanged at diﬀerent times and for diﬀerent reasons, based on predefned rules and events.

SUPPLY CHAIN MANAGEMENT:

All parties have visibility into the transaction and no custom interface has to be negotiated between partners (only to/from the blockchain). The blockchain is the system of record for the entire transaction. It doesn’t merely record the transaction, it drives the whole process. This will reduce time delays, added costs and human errors that plague transactions today, automate inventory control, and streamline fulfllment processes, but errors to some extent are possible since grocery products are not digital, the blockchain records of their track is inevitably post-factum.

WIN-WIN STRATEGY:

eLYQD suppliers beneft from a new direct sales channel where the eLYQD ecosystem is not an intermediary but is rather the conductive media for the buyer and the seller. Suppliers can get immediate access to large numbers of potential buyers with virtually zero customer acquisition costs. The eLYQD ecosystem relies on consumers, and not marketing dollars, to promote products. Suppliers can reward promoters with fat currency rewards, or simply rely on the system’s native Social Capital Management System that distributes rewards to incentivize their consumers and promoters.

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.

eLYQD as a platform :

eLYQD is a platform created for manufacturers and consumers from all over the world. With an easy to-use online store builder, any manufacturer can create their own storefront to sell their products, while making use of the platform’s wide range of features for a minimal fee