ACLYD

PRELIMINARY

Alcohol has grip an essential role in our personal lives, social gatherings and in the bonding of many individuals. Drinking responsibly perhaps should be the watchword, alcohol consumption should be moderate and not excessive or abused, it reduces stress for many and it’s taken for the pleasure of one’s self by some. Not to forget alcohol consumption of minors (those under 18 years of age and in some countries those under 21 years) should not be tolerated and it should be eradicated because of the risk involved and the damages it brings. With the use of the blockchain technology, ACLYD aims to be a blockchain based identity verification security system and payment network initially focused on the $26 Billion wholesale beverage market. ACLYD was created on the Ethereum blockchain smart contract which allows the creation of different applications within its smart contract without the need of creating a new or different blockchain.

INTRODUCING ACLYD

The name ACLYD originates from the LYDIA kingdom which was among the first in history to mint coins, starting with King Alyatees of Lydia in 591 BC. The AC in ACLYD originated from this project’s source which is AGRECOIN (ACN), it is a security token designed for the agricultural aspect of alcohol manufacturing trade. ACLYD is an innovation that aims to eradicate complexities faced by the world today, ACLYD is a peer to peer solution whose core purpose is to use the power of the blockchain technology to make available a swift payment process and a smart contract system with the Ethereum smart contract which stands for accountability, reduced transaction times, and reduced costs, ACLYD proposes a probable solution for payment transactions and an avenue to trade for alcoholic beverages. ACLYD wallet restricts minors from consuming alcoholic beverages while ACLYD token has the potential to speed the flow of payment processing and also cut cost to a significant ratio. ACLYD is currently in partnership with Fuego Fino, Inc. whom are fully licensed United States of America importer and exporter with sales in the Arizona market and others namely DEPOSITORY NETWORK, RED BERYL, MINER EDGE, PLAAK, XCRYPT, AND KROSSCOIN.

ACLYD MOBILE APPLICATION

The aim of ACLYD is to create a wallet for a digital asset with a feature for KYC (know your customer) which incorporates age authentication (thereby restricting minors from alcoholic beverage consumption) with intermediary (middleman) conveyance sites to ensure that the person buying has a legal prestige and he's age-worthy. Purchasers who are age worthy (wallet holders) will have access to purchase ACLYD tokens that are accepted by delivery applications. Delivery applications will take ACLYD tokens from purchasers and pay for added inventory which wholesalers and retailers accept, from end to end, customer to the farmer, retailer to the wholesaler, wholesaler to farmer… the combination of wallet and token will guarantee the increase of door to door delivery of alcohol applications and at the same time aid, the token expedites a more proficient technique of payment for merchandise around the supply channel. ACLYD project will invest in Fuego Fino, Inc. keenly including other assets.

CURRENT COMPLEXITIES FACED VERSUS PROBABLE SOLUTIONS OFFERED BY ACYLD

★ Online marketplaces sell alcohol to both minors and age-worthy buyers while ACYLD wallet confines alcohol purchases to only those who pass the age authentication (KYC).

★ Importers and wholesalers are faced with exorbitant rates when converting FIAT (government issued currency) and time-consuming payment processing while ACYLD token offers a universal mode of payment accepted by producers, farmers, wholesalers, and retailers, in addition, they offer a reduced cost and total eradication of time consumption faced by consumers and farmers.

★ Currently, the industry faces slothful inventory management and long payment delays while ACLYD tokens provide a unified processing of transactions, orders, and international transactions.

★ Small producers and independent farmers are faced with a lack of significant price information and failure to use forward agreements often results in exorbitant fees in supply chain interruptions while ACYLD offers small producers, independent farmers the opportunity to create smart contracts for the future delivery of their goods whilst providing them with adequate pricing information and the capability of making a better planting decisions.

ACLYD TOKEN

ACLYD is an ERC-20 compatible token standard which was built on the Ethereum smart contract (blockchain). Participants of the same marketplace will be able to transact in a fast and transparent platform with increased efficiency and lower processing cost. The decentralized application (Dapp) will provide farmers and producers the opportunity to use their mobile devices to create smart contracts, transactions and execute an entry. Receive payments of merchandise in a transparent platform and as an added advantage cost will be reduced, and a reduced transaction time. ACLYD will fuel the network and it will be the standard mode of payment for merchandise with real-time information and data which can be scrutinized and legitimize by the world at large. With ACLYD tokens sellers will have a trustworthy mode of payment which is subject to inspection by the larger community. ACLYD wallet brings purchasers (alcohol consumers) one step closer to alcohol been delivered on their doorstep. ACLYD will run without any intermediary meddling since its autonomous and holders can trade ACLYD with other cryptocurrency pairs and transact with other online users. AGRECOIN (ACN) tokens can be used to purchase ACLYD tokens at the current ratio of 10 ACN each ACLYD token.