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Qilin.Market (QILIN) ICO Review – ICO Token News

Today, global e-commerce means the conversion of different currencies, the introduction of multiple payment structures, and the multi-level control of governments. Finally, the presence of so many levels and processes can easily raise the operational costs. That’s where blockchain technology comes into play, as it eliminates trustless intermediaries and automates international supply chains, improving the overall experience of shopping online. 

Qilin Market analysis 

The team behind Qilin Market knows the benefits that can be reaped if e-commerce is decentralized through the blockchain technology (similar to Viso Global, BunnyToken, Xmoneta, LiveTree, Play2Live). On this platform, it’ll become simpler and quicker to trade different goods against cryptocurrencies. The platform is in its initial phase and is supported by popular digital currencies such as Ethereum and Bitcoin, but there are concrete plans to introduce other altcoins as payment options.

Qilin

When it comes to the platform’s working, it’s revolutionary. Basically, there are four parties involved in the transactions happening over this platform; they are sellers, shops, buyers, and couriers. The best part is that there isn’t any intermediary present between the buyers and sellers, so the process becomes efficient in terms of cost and operations. In this ecosystem, a shop will be the marketing partner of sellers—it helps a seller find a buyer. Lastly, the couriers are completely independent contractors that’ll deliver the goods to a buyer’s doorstep. The transactions in this ecosystem are powered through Qilin tokens.

The best part is that it’s simple to set up an online store on this ecosystem; for doing so, a participant can become a blockchain node and start earning Qilin tokens—afterward, the seller needs to develop a robust clone of git repo. Presently, the development is still in the pre-order phase, so the investors have the opportunity to invest in its ICO campaign according to ICO stats. The capital growth of the project may not be that fast, but it’ll certainly accelerate once the hard cap is touched at every level. The platform is expected to run fully and become autonomous by 2020; its beta version, however, will be launched in 2018.

Qilin Market innovation

Like many other ICOs—such as ArmPack, THEKEY, Ellcrys, Upline, TrustaBit—this crypto project is fueled by innovation.

Here are two innovative highlights setting Qilin Market apart from the rest.

  • Smart e-commerce made possible by smart contracts: This network has seriously reimagined e-commerce. With the help of blockchain technology and smart contracts, this e-commerce platform has automated trading activities and successfully eliminated the paperwork. For instance, if you’re a buyer, you should first transfer the funds into a smart contract. By doing so, you’ll make sure that the payment made to the seller will be released only when you’ll receive the goods and vice versa.
  • The rise of a secure supermarket: This ecosystem ensures that every e-commerce platform built here is not associated with any exit scam. Since nobody owns the money until the product is shipped, no one earns a profit. As a result, no party can scam the other users in any possible way. 

Qilindevelopment

Qilin Market token sale 

  • The tokens of the Qilin Market play an important role in the whole ecosystem.
  • In order to protect against any future devaluation of the tokens, the business is offering them in different batches to investors; the price of the tokens will increase with every fresh batch.
  • In terms of the token-utility element, the sellers will need these tokens to reward merchants or shops for their products/services; the couriers, however, will need them for depositing as security for safely shipping the commodities.
  • Likewise, the buyers will need these tokens to buy goods/services.
  • So, the token is a purpose-built entity. 

Other ICO details

  • Ticker : QILIN
  • Currency accepted : ETH
  • Token presale : December 12, 2017 to February 12, 2018
  • Token crowdsale : March 1, 2018 to May 1, 2018
  • Token Type : ERC20
  • Available for sale : 10,150,000 QILIN
  • Price : 1 QILIN = 0.000444444 ETH

Summarizing Qilin Market 

Decentralized e-commerce carries out a number of benefits over any traditional e-commerce platform due to its fraud elimination, operational transparency, and efficiency. All of these benefits are brought by Qilin Market as it unites every e-commerce participant over the blockchain. If this sounds something in which you’d like to invest, then do join the sale.

Team

  • Denis Ivannikov
    Denis Ivannikov
    Denis Ivannikov
    CEO, CO-FOUNDER
  • Alexandr Olkhovskiy
    Alexandr Olkhovskiy
    Alexandr Olkhovskiy
    COO, CO-FOUNDER
  • Georgy Oleynik
    Georgy Oleynik
    Georgy Oleynik
    CMO
  • Alexey Krivtsov
    Alexey Krivtsov
    Alexey Krivtsov
    CTO
  • Alexey Galenko
    Alexey Galenko
    Alexey Galenko
    PARTNER RELATIONS
  • Semen Krycko
    Semen Krycko
    Semen Krycko
    SMM/PR HEAD
  • Yuri Hideaki
    Yuri Hideaki
    Yuri Hideaki
    BLOCKCHAIN DEVELOPER
  • Maxim Semenov
    Maxim Semenov
    Maxim Semenov
    DEVOPS
  • Artem Burdeiniy
    Artem Burdeiniy
    Artem Burdeiniy
    MARKETING MANAGER
  • Doniyro Djalilov
    Doniyro Djalilov
    Doniyro Djalilov
    SALES
  • Yaroslav Okhranchuk
    Yaroslav Okhranchuk
    Yaroslav Okhranchuk
    UI/UX
  • Sergey Mudruk
    Sergey Mudruk
    Sergey Mudruk
    ILLUSTRATOR

Milestones

  • 1
    15 Mar 2016 - 30 Sep 2017
    Qilin.Market concept
    First project prototype
  • 2
    1 Oct 2017 - 1 Nov 2017
    Launch of Qilin Shop
    Launch of Qilin Marketplace
  • 3
    20 Nov 2017
    Whitelisting
  • 4
    1 Dec 2017
    Preorder Phase
  • 5
    Q1 2018
    Qilin Token generation event
  • 6
    Q4 2018
    Smart contracts for deal escrow
    Qilin Market powered by Ethereum
    Qilin Protocol Beta and Qilin API
    Research & Development
    Incentivixation activities
  • 7
    Q2 2019
    Distributed ledger for offers
    Qilin Wallet Web client
    Open source Qilin shop
    Merchants integration
  • 8
    2020
    Fully autonomous ecosystem
    Independent Qilin blockchain
    Qilin Mobile wallet
    Altcoins accepted

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