Introduction about eLYQD
Cryptocurrency is fastest growing market in the world. Now, it has 6 million unique active uses of cryptocurrency wallets holders. So, cryptocurrency is becoming very important thing.
eLYQD is designed to allow anyone to create an online store. It will make useful of advanced technologies in the e-commerce field.
This is a fully decentralized e-commerce marketplace. In this marketplace any one can buy and sell vaping products. And this gives significant advantages like privacy, freedom and lower costs.
eLYQD is creating a global blockchain platform for universal brands of e-liquids and accessories. This will combine vaping consumers and manufacturers worldwide. The LYQD token will enable an on-demand system that solves the current problems of cross border payments, data accessibility, and payment risk, allowing exposure to all vaping products easily accessible from all around the world.
Aim
eLYQD team aim is to connect e-liquid manufacturers all over the world and supply businesses with the necessary tools for launching a good platform to the global market.
Vision
eLYQD aims to realize the vision of a completely decentralized e-commerce platform, powered by Ethereum's smart contracts and cryptocurrency payments.
Online market
Global e-commerce is such a growth industry, which poses huge challenges to the world of traditional retail channels. For many consumers, especially in the developed world, e-commerce has become the top choice when it comes to shopping, threatening the existence of old brick-and mortar retail shops. It is also creating huge ripples in emerging markets, especially since ecommerce stores can enter the market quite easily. Under conditions of global economic growth, the online retail is gradually capturing its share of the international market of retail and enlarging the number of e-commerce platforms users both among customers and among sellers.
The volume of the global e-commerce amounts to trillions of dollars annually. The leaders in expenditure are China, USA, Great Britain and Japan. In view of the consumer demand in the e-commerce field, more and more small and medium companies need the assistance of marketplaces for launching their products to new markets and attracting new clients. The huge volume of the global market stimulates sellers to enter the international platforms.
Advantages
• Access to global market
• Large clientelle worldwide
• Opportunity to sell various goods
• Marketing cost reduction
• Payment convenience
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.
Why ELYQD?
• SMART CONTRACTS
Blockchain and smart contracts provide the tools and framework to create a new generation of marketplaces where supply and demand sides can engage in trusted trading transactions, according to various business rules, without the need of a central brokerage entity.
• SUPPLY CHAIN MANAGEMENT
E-commerce companies must manage a complex supply chain of manufacturers, third-party vendors, carriers and logistics providers. A blockchain of the transaction, containing order details and negotiated fees and commissions (in the form of smart contracts) will be used to capture documents, delivery and possible return events, and drive financial settlement with fewer opportunities for dispute. The public-private nature of blockchain records means that each party can make data visible to the others.
• PAYMENT
The payment process in e-commerce currently entails more than 10 different steps to settle a transaction and up to 15 separate fees to pay for payment gateways, thus making transaction fees range from 2% to 6%, a long route that could be cut short with blockchain use. Blockchain is the perfect tool for ecommerce to be more efficient and more trustful.
• WIN-WIN STRAEGY
eLYQD suppliers benefit 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.
ELYQD Solution
After the project launch, manufacturers and consumers will get access to the basic functions. The manufacturer will be able to offer their items through the general catalog dividing them into relevant categories as well as create an autonomous online shop.
Once the mandatory fields on the main page (the store name, brief and full descriptions, warranty liabilities, delivery options and return policy, a logo, and a cover) and the catalog (items with descriptions, prices, and covers) are completed, the manufacturers store will be available to undertake orders.
The eLYQD platform is a decentralized marketplace that allows manufacturers to join, publish their products for sale, carry out promotion and loyalty campaigns, and get feedback from consumers. It enables consumers to order those products and facilitates the order fulfillment process.
ELYQD roles include
LYQD 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
Learn more details of eLYQD:
Website: https://elyqd.world/
Bitcointalk thread: https://bitcointalk.org/index.php?topic=4526862.0
Facebook: https://www.facebook.com/elyqdcom
Twitter: https://twitter.com/elyqdcom
Telegram: https://t.me/elyqd_world
Profile username: TACrypto
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1398432
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