Blockchain’s Storiqa Focused On Asia-Pacific Small Business Home Decor

Announcements, Innovation | November 3, 2018 By:

Storiqa, a blockchain-based marketplace, has launched, focusing on the Asia-Pacific region. Aimed to help small and medium-sized producers step out of local markets and increase sales, Storiqa offers its first sellers three free months and marketing assistance.

Initially, Storiqa has listed 20 brands and 170 goods on its marketplace. Strawberry-shaped porcelain plates, wooden notebooks, and enamel air balloons emphasize product lines across home decor and personal accessories. Goods are priced with the STQ token, a measure of exchange on the platform. Later, shoppers will be able to pay for goods with fiat along with crypto. Currently, all business processes will be tested in Singapore and later on in other APAC countries.

Since the end of September, Storiqa had been testing the marketplace with own Storiqa shop, where the company sells branded Storiqa merchandise. In total, Storiqa attracted 60,000 unique visitors within its 30-day trial period.

“Currently we see Singapore as an initial trial market for us,” said CEO Andrian Galkin. It’s highly international and has perfect basement for further global growth. The launch will not only help break down existing obstacles but also gain the experience for first shopping with cryptos in the world. After limited market test run Storiqa will scale up the business model to other countries.”

Storiqa was founded in August 2017 with the aim of creating a quick-to-setup marketplace for SMEs with minimal financial borders and global transactional fees. Their key features and tools are based on using cryptocurrency and blockchain technology to resolve existing industry problems between buyers and sellers.

Storiqa has already closed a $25 million hardcap in token sales, released its beta MVP, and created a Storiqa Wallet prototype.