Over the past ten years, retail trade has developed at a rapid pace and constantly changed the habits of buyers. Due to this, today more and more people use the services of online stores and various online platforms. However, despite this, most major manufacturers and organizations continue to sell their products through intermediaries in the streets. The presence of intermediaries between the manufacturer and the end user leads to a significant rise in the price of goods for the latter and the maximum reduction in income for the former.
Especially clearly these shortcomings can be traced in the sales of liquids for electronic cigarettes, which makes it vulnerable and ineffective.
A new platform called eLYQD will solve this problem and provide direct interaction between manufacturers and end users.
Project objective
The main goal of eLYQD developers is to create a platform for e-cigarette e-liquid manufacturers, allowing them to create their own online stores for the most effective e-Commerce and provide the community with a wide range of products with the possibility of buying them using Fiat funds or cryptocurrency.
Principle of operation
Interaction on the eLYQD platform, which is based on the Ethereum Blockchain, will be carried out between the following participants:
- liquid manufacturers;
- consumers;
- shipping;
- distributors;
- arbitrators.
Absolutely all participants in the system will interact directly with each other on the Peer-to-Peer model, implying the absence of intermediaries. As a result, producers will be able to get the maximum income, and consumers will be able to purchase goods at an affordable price from anywhere in the world.
Within this platform, manufacturers will be able to:
- post a list of manufactured products;
- deliver products to the specified address;
- promote your own products through the use of a special internal application.
Consumers will also be given the following opportunities:
- product search and purchase;
- participation in surveys.
At the conclusion of smart contracts between the manufacturer and the consumer, the first party to the transaction in the contract will include an arbitrator who will monitor the implementation of the agreement. The services of an arbitrator will be required in case of disputes. The amount of the arbitrator's remuneration may depend on the volume of the transaction or may be fixed.
When performing operations, each seller and buyer will earn reputation points. As the platform develops, participants with a low or negative reputation will be eliminated, which will ensure the safety of transactions between producers of goods and consumers, as well as the elimination of fraudsters.
The main financial unit of eLYQD will be the LYQD coins, which will have a stable financial value in the market thanks to the integrated payment system that allows the exchange of internal cryptocurrency for Fiat in a ratio of 1 to 1.
It is important to pay attention to the fact that the cost of absolutely all goods presented by manufacturers will be attached to the national currency of the country in which the consumer lives. Moreover, it will be possible to use not only LYQD tokens, but also other cryptocurrencies and Fiat funds to buy goods.
It will be possible to buy coins of the site during the ICO during the public sales period.
Dates and details of the ICO
In total, the creators of the project will issue 100 million coins, of which 60 percent will be implemented during the ICO. Public sales will be held from October 8 to December 30 this year. The cost of the 1st LYQD will be $ 0.006.
Softcap project - $ 2 million, hardcap - $ 15 million.
The distribution of tokens is as follows:
Conclusion
Developing a project for direct interaction between e-cigarette liquid sellers and consumers is a very interesting idea. Given the fact that the audience of this sector is more than 24 million consumers, and this project is the only one of its kind, eLYQD expects incredible success.
In this regard, investment in this project can be very profitable for investors. However, to get the maximum income, you should hurry, since there is not much time left before the end of the ICO.
Official resources of the eLYQD project:
