Storiqa Uses Blockchain to Give Small Producers Access to Global Markets

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Storiqa, a global company, has developed a blockchain-based store builder that allows anyone to create an online store and have access to a variety of tools to promote products to the global market. The platform helps launch new brands and also supports ecommerce initiatives for existing offline retailers.

By integrating cryptocurrency payments into the platform, Storiqa will offer merchants cryptocurrency payment acceptance, including the platform’s own STQ tokens. The platform also provides an ecommerce interface, 24-hour customer support, and assistance in product presentation and localization.

The use of cryptocurrencies allows businesses to sell products to the global market with minimal transaction fees and transaction security without having to work with intermediaries or bureaucratic entities.

Storiqa will create an integrated exchange where sellers will access services for item descriptions, videos and photos at a fixed price. Payment for these services will be made with STQ tokens.

STQ Token Offers Versatility

Buyers will be able to purchase goods using STQ tokens or using their bank card or a payment service. The Storiqa platform will automatically buy STQ tokens with the funds.

The demand for STQ tokens will correlate to platform growth. All Storiqa services are paid in STQ. Among them marketing services, goods localization from content and media department. The more activity on the platform, the more profit accrues to all members.

Smart Contract Verifies Transactions

The platform’s smart contract ensures the STQ funds are stored in the seller’s account once the product reaches its destination.

The smart contract also tracks every step of the transaction and ensures that product and service reviews are from people who actually purchased the product.

A customer will be able to receive a refund at their discretion within 30 days of purchase. The refund will be in the currency which was spent at the moment of purchase.

Support Services Available

For sellers, Storiqa supplies all necessary expansion services, including marketing, sales support and IT. The cost for this support is based on the amount of orders. By paying the annual fee of 18 000 000 STQ, the seller gains the capacity of an online shop with 4468,000 in annual operating expenses.

The platform’s integrated telephony enables merchants will receive feedback calls from customers in two clicks. Such support improves customer service.

Storiqa will provide a store rating service based on factors such as speed of delivery and customer reviews. The platform will also offer a tool for creating customer loyalty programs and access to bloggers that sellers can send products to for promotional support.

Token holders will have access to statistics with real time metrics including purchases, the number of visitors, average receipt amounts, etc.

An affiliate marketing platform will reward affiliate marketers for all orders they provide. A blockchain based referral link monitors every order sent via the referral link.

ICO Scheduled

The Storiqa ICO will be Nov. 28 to Dec. 28 or when the $25 million hard cap threshold is reached. The soft cap is $5 million. The ICO token price will be $0.003. Investors will purchase STQ tokens by making an ETH transaction to the Storiqa smart contract address.

Transactions must be made from ERC20-compatible wallets. The distribution of STQs will be conducted by a smart contract. The funds will be used to launch the platform, integrate the token and market the platform.

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Lester Coleman is a media relations consultant for the payments and automated retailing industries.