Join us to disrupt and revolutionize the way of buying vaping products you love at the prices you want directly. eLYQD ICO rating – 65
|Visit eLYQD ICO site
Ended ICO : 09/07/18 – 30/09/18
Roadmap: 6/10 Legal: 5/5 ICO terms: 3/5
Team: 16/20 Token applying: 2/5 Promotion: 11/20
Rank in VN – 56112,Rank in RU – 577064
About eLYQD ICO (token sale)
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 eld, 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-a-kind platform to the global market with minimal transaction fees and without any financial borders, intermediaries or annoying bureaucratic routine. We will unite manufacturers in order to create our own economical crypto-commerce that will take e-commerce to a new level.
eLYQD is a fully decentralized e-commerce marketplace where everyone can buy and sell vaping products,and bene t from the significant advantages of the platform’s design and technical properties: privacy, freedom, and much lower costs.
Without middlemen, wholesalers and retailers, the e ciency of all social interactions would increase ten-fold. And, as a consequence, the purchasing power of consumers’ money would increase as well.
This could only be a dream before.Today modern technologies allow us to make it a reality.
eLYQD has the aspiration to enable truly free trade on a global scale. The company envisions a global economy in which all participants can conduct business with each other seamlessly, privately, and efficiently, regardless of their location and without interference, censorship, or prohibitively high fees. The Ethereum blockchain enables the realization of this vision. eLYQD is made up of a team of highly committed individuals with different backgrounds and careers, all of which have led them to the blockchain technology.
Due to its advanced technical features, the Ethereum platform is ideally suited for the eLYQD marketplace. On Ethereum every item is represented by a smart contract that can be updated directly and queried for its current status. Escrow is also handled effectively by using smart contracts – a far superior solution. At the same time, ELYQD recognizes the non-technical challenges of a decentralized marketplace to user adoption, such as the requirement to localize eLYQD marketplace in many different languages, and to tailor and adapt it for the needs of widely varying legal jurisdictions.
ELYQD intends to address these deficiencies with the creation of a decentralized e-commerce platform built on Ethereum. eLYQD will implement smart contracts to provide an e-commerce infrastructure and use cryptocurrency for customer purchases and merchant listing fees. By using smart contracts for the creation of the online store and Ethereum’s native currency, ether (ETH), as eLYQD’s own currency, the project eliminates the need for third parties that have previously been essential to hosting and payment processing.
E-commerce giants like Amazon and eBay depend upon extensive server farms to host their websites and to deal with tra c. Although this approach o ers e ciencies when compared to the traditional use of physical stores, it still has substantial costs attached to it. By using Ethereum, eLYQD replaces these enormous and expensive data centers with code. The overhead of running a global e-commerce store is eliminated – or, more accurately, distributed among the Ethereum miners who are paid for maintaining the network. eLYQD essentially recreates
the infrastructure of an e-commerce store using smart contracts and is therefore in a position to pass on the savings to eLYQD’s users in the form of extremely low fees.