w hitep aper03 15 26 07 19 29 31 37 11 23 the lyqd tokenomics Team our vision table of contents The Idea/ Introduction the plat development roadmap the landscape business model market overview transparency and security The Beginning4 e-liquid.5 The summary .6 our solu Tion.16 The s Truc Ture27 online marke T8 Blockchain smar T con TracTs Why ely qd 20 Token dynamics Token sale 29 ProBlems in The Presen T online economy 12Im portant Legal Notice This White Paper is published by the eLYQD Corporation the “Corporation,” or the “Token Generator” for general ination regarding the proposed eLYQD System, to invite community commentary and spread awareness of the project in its current . Aside from providing this White Paper and certain other public materials, the Corporation intends one or more blockchain token sale events, with any tokens “LYQD Tokens”, “the Tokens,” “LYQD” or “eLYQD” sold in such events declared and agreed to be non-securities or “utility tokens” to the full extent permitted by law, whether of the United States or any other applicable jurisdiction. Without prejudice to such general non-security treatment in respect of the Tokens, this document makes reference to prospective treatment of Tokens sold as “securities” whether upon regulatory application of the Corporation or by operation of law, pertaining to particular instances within specific jurisdictions. This document does not constitute an offer or a solicitation to purchase securit ies, as that term is defi ned in the United States under t he Securities Act of 1933 the “Securities Act” or “the Act”, or in any other jurisdiction. A definitive and legally-binding offer to purchase or sell securities can only be made through a al offering agreement for e LYQD, the “Token Sale Terms and Conditions” agreement. Any decision to purchase tokens in connection with such prospective offering should be made solely on the basis of the ination contained in any then-provided offering agreement, which should be carefully-reviewed and uated in consultation with the prospective purchaser’ s own legal, accounting, investment, tax and any other applica ble advisors, in view of the prospective purchaser’s own circumstances. In any case, this document does not constitute a purchase recommendation regarding any Tokens proposed or intended to be offered or sold by the Corporation. The White Paper is subject to continual review and revision by the core team and/or legal advisors of the eLYQD Corporation. This White Paper is not intended to be complete, and may be updated from time to time with no obligation by the ELYQD core team to in you of any changes. This White Paper shall not be legally binding or enforceable by any recipient against the eLYQD Corporation or any of its agents or affiliates. All statements, estimates and financial ination contained in the White Pape r, made in any press releases or in any place accessible by the public and oral statements that may be made by Token Generator and which are not statements of historical fact constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results, perance or achievements to differ materially from the estimates or the results implied or expressed in such forward – looking statements. Persons to whom a copy of the White Paper has been distributed or disseminated, provided access to or who otherwise have the White Paper in their possession may not circulate it to any other persons, or reproduce or otherwise distribute the White Paper or any ination contained herein for any purpose whatsoever, nor permit or cause the same to occur. In any case, neither this White Paper nor any part of it may be further-disseminated without this note, along with all other legal disclaimers and disclosures herein, included in accompaniment. With the exception of Accredited Investors who have been verified pursuant to Rule 506c of R egulation D of the United States Securities Act, the Corporation will not accept token purchase offers from any U.S. person within the meaning of Regulation S under the Securities Act. No registration statement has been filed with the United States Securities and Exchange Commission “SEC” or any U.S. state securities authority with respect to sales of the Tokens. None of the Tokens sold or to be sold by the Corporation have been or will be registered under the Act. Except as explicitly noted in the Token Sale Terms and Conditions, no Tokens sold by the Corporation may be offered, sold, transferred, assigned or delivered, directly or indirectl y, in the United States of America, its territories and possessions, any state of the United States of America or the District of Columbia the “U.S.”, or to any U.S. Person. BY RETAINING THIS DOCUMENT AND/OR ACTING IN RELIANCE UPON THE INATION CONTAINED HEREIN, YOU ACKNOWLEDGE, CONSENT AND AGREE TO THE FOREGOING TERMS, ALONG WITH THE TERMS CONTAINED IN THE SECTION ENTITLED “FULL RISKS AND LEGAL DISCLOSURES.” To see the full legal terms and conditions, privacy policy and token sale agreement, please visit www.elyqd.world 2The position of cryptocurrency in today’s world is growing rapidly the combined market capitalization of all cryptocurrencies has increased more than threefold since early 2016, reaching almost 150 billion in August 2017. The Idea/ Introduction According to the latest data, the current number of unique active users of cryptocurrency wallets is estimated to be about 6 million. Thus, the application of cryptocurrency becomes an important issue. eLYQD is a marketplace plat designed to allow anyone to create an online store that will make good use of the most advanced technologies in the e-commerce field, 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 plat 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 benefit from the significant advantages of the plats design and technical properties privacy, freedom, and much lower costs. 1 3Due to its decentralized nature, eLYQD offers significant advantages over traditional, centralized ecommerce plats and opens up the rapidly growing marketplace to new business and user segments. It allows anyone to list items for sale, to set up a store, or to make a purchase. At the same time, eLYQD contains powerful tools to facilitate both the user experience and to protect customers and merchants. These tools include instant search, escrow, and customizable filters to screen items illegal in certain jurisdictions. Centralization has been removed from the trading process – allowing for radically lower fees, a high degree of privacy, and zero censorship. the beginning Without middlemen, wholesalers and retailers, the efficiency 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 plat 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 plat 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 Ethereums native currency, ether ETH, as eLYQDs 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 traffic. Although this approach offers efficiencies 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 eLYQDs users in the of extremely low fees. 4e-liquid E-juice or vape juice is the fluid used in vaporizers t create vapor. E-juice or vape juice comes in a variety of flavors and nicotine levels including zero nicotine options. E-juice or vape juice is made of propylene glycol PG or vegetable glycerin VG, food flavoring, water and comes with or without nicotine The food grade flavoring is the same as flavorings used in products like ketchup, ice cream and salad dressings. Propylene glycol PG and vegetable glycerin VG are used to help distribute the flavor and nicotine throughout the liquid. No production of the devices. Smoking was still popular amongst the population so there was no room for an alternative. The population begins it’s lifestyle habits. Healthy lifestyles became popular so smokers started looking for a healther alternative. Vapor Cigarettes enter the Internation market. The word “VAPE” is added to the Oxford dictionary and was named the word of the year. American Herbert A. Gilbert patented “a smokeless non-tobacco vapor cigarette”. Chinese Hon Lik registered a patent for the modern vapor cigarette design. British entrepreneurs Umer and Tariq Sheikh invented the cartomizer. 1964-1999 2000 2005-2006 2014 1963 2003 2007 What is E-Juice/vape juice timeline of vapor cigarettes 5This is just the beginning. Your investment will allow us to ramp up our efforts to implement a global marketplace for e-liquids by eliminating the chaos of age-old retailization. We are committed to using the power of blockchain to strengthen vaping communities around the world and empower them with a personalized one-on-one, safe and risk-free environment. Join us to disrupt and revolutionize the way of buying vaping products you love at the prices you want directly the summary eLYQD is creating a global blockchain plat for universal brands of e-liquids and accessories. This plat will eliminate country borders and connect 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 available under one roof. Direct interaction between consumers and manufacturers by eliminating retailers and wholesalers means a more personalized and transparent shopping experience. Consumers will be able to decide from a variety of brands they want at the most competitive prices. eLYQD is working with both large and small vaping goods manufacturers from around the world. We have received interest from multiple independent brands that have already showcased their products in our multi-vendor direct to consumer ecommerce website – . 6ELYQD EMPOWERS THE E-COMMERCE MARKET the landscape eLYQD intends to address many deficiencies with the creation of a decentralized e-commerce plat built on Ethereum. The eLYQD marketplace 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 token, the project eliminates the need for third parties that have previously been essential to hosting and payment processing. 2 7Under 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 plats users both among customers and among sellers. The world e-commerce is getting a boost, with the turnover of 2.2 trillion expected by 2018. Rate of increase is 20. 8 online market Each year the number of people who regularly shop online keeps growing. According to the Global E-commerce Report marketing study by Nielsen a company focused on the FMCG industry marketing measurements, the number of online shopper’s increases annually by an average of 16 and now it amounts to 1.66 billion worldwide. 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. There are more than 1.5 billion customers of online marketplaces in the worldThe 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 plats. Volume of B2C e-commerce markets billions According to the forecast of the eMarketer research agency