LIQNET PROJECT OVERVIEW
LIQNET is a cryptoexchange that aggregates liquidity from various platforms thus solving the problem of the splitting of users and their trading orders by forming a unified order book with the best market depth and prices. In simple words: LIQNET is a cryptocurrency exchange that aggregates liquidity from different exchanges across the internet. For example a sell order for a certain cryptocurrency may be placed on one exchange and a buy order may be placed on another exchange.Its main goal is to reduce the bid/ask spread, while provide the highest liquidity across multiple order types and markets.
Their goals is to sell or buy from many cryptocurrency exchanges located anywhere in the world and form a unified order book and also to connect an API of a platform to the automated trading system. What makes the LIQNET exchange unique is the LEN (Liquidity Exchange Network) tool, which allows to colect and combine orders of our exchange’s clients and orders from third-party platforms into a single order package and make them available for trading by all LIQNET’s clients
The traditional exchange is more complicated. To trade various currencies and to take the best profit, one has to register in different exchange site. The fee, charge and many things to do in various places. Sometimes the transfer fee takes away all the profit. Even after all these, there are still some problems left thus it might even lead to an extreme loss.
One of the common problem in traditional exchange is the lack of proper volume. A currency might be listed in various places. But there might not be enough volume, people who want to buy and so on. This hampers the experience of trading. Then there's the way too big spread in the order book. This is also one of the problems which many traders suffer.
There are big players in crypto. They buy a lot of currencies at a different price. To make the highest profits out of their buying and selling, they always have to buy at the best price. And sometimes when there are huge buying or selling of currency, it changes the whole market of that currency. That's why there are people who are scared of investing too much as they believe it might lead to a loss. Also, there's also the work of always monitoring different sites for getting the best price. It's a lot of work to get profit from crypto trading.
Liqnet Exchange and Solution provided
Liqnet exchange is planning on connecting various exchanges all in one place. Liqnet will have the classic trading option but there will also be an extra mechanism of trading from various exchanges made with LEN technology. In simple words, they are going to take the API of various sites and connect them and make one single order book which is taken from those connected exchanges.
So what's so special about connecting various exchanges in one place. One cryptocurrency can be listed in various places. It's safe to say the prices on various exchanges will vary from each other. So to get the best price, one actually has to go through all the exchanges. In the middle, there will be fees and charges which no one wants to take. So if Liqnet connects all those various exchanges in one place, it will cut out extra fee and charges and the best thing is one gets the desired price.
Altering the market with trading isn't uncommon. However, the risk to this is unwanted. So to prevent this, Liqnet LEN technology or the connecting of various exchanges at one can prevent this from happening. As one will be buying from various exchanges the risk of market-altering is low and also the spread between the price will be a small one.
This is how Liqnet wants to solve traditional market drawbacks and make it better and more efficient.
Also known as liquidity exchange network tool.it comprises of three main essential services
- Data collector
- Automated trading system (provides hedging of clients’ deals at “external” platforms)
- Automated system that allocates and accounts for funds (provides positive balances at “external” platforms, accounts for profitability as an additional control tool of an automated trading system)
LEN is a symbiosis of crypto currency exchanges, so it has no problems with integration. The technology allows to skip negotiations with competitors because the service does all interactions through their existing public APIs.
To connect a crypto currency exchange to LEN, a user should register an account, deposit some money, and implement a particular LEN module that uses the exchange’s open API.
LEN is a mechanism that allows you to collect and aggregate through the API data on buy/sell requests from a variety of cryptoexchanges located anywhere in the world and form a single order book. LIQNET creates a crypto exchange based on unique liquidity pooling technology. It aims to solve a problem of split trading orders by creating unified order book and combining orders. This approach will provide users with the best market depth, competitive transaction fees, and low spreads. LIQNET product is already functional, while the funds raised during ICO will be used to enhance it with new features and ensure exponential growth. LEN creates an improved model that provides additional liquidity at the meeting point of supply and demand. As a result, LIQNET users work with a single order book, in which both orders of the clients of this exchange are presented, as well as retranslated orders from other sites.
TOKEN AND ICO DETAILS
LIQNET has its own token called LEN Token and holds an initial coin offering. The emission of the toke is limited and has zero inflation.it also complies with ERC20 standard.
Maximum number of tokens:63 746 032
Current stage: Pre-sale
Pre-sale bonus: 100%
Price of one LEN token:$1 (100% BONUS)
Soft cap: 20 000 000 USD
Hard cap: 50 000 000 USD
Payment methods: ETH, BTC, BCH, ZEC, LTC, XRP, Waves, USD
FOR MORE INFORMATION PLEASE VISIT THE LINKS BELOW;
ICO Website: https://liqnet.io
Exchange Website https://liqnet.com
Official Telegram Channel: https://t.me/liqnet
Telegram Community Discussion: https://t.me/liqnet_official
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409