LIQNET CRYPTOCURRENCY EXCHANGE
If you are reading this post, very likely you have at least some idea about crypto currencies. If not, well it is way too complicated to explain this issue here. There are dozens of forums and articles, where eggheads and just average people tries to figure out the phenomenon of Bitcoin, Ethereum, Ripple and other currencies, which prices are day by day closer to the moon (despite of time when they are falling like shot airplane like last couple weeks). So if you want to fulfill gap of your knowledge, check more specialized sites like bitcointalk.com and etc. Just please put the great attention on key words like: ‘ICO’, ‘Bounty’, ‘KYC’ and of course main slogan which attract millions of people to crypto currencies ‘rocket to the moon’. If you already did your homework, I can explain you the reason why I am writing this post.
ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
So did I and during my research I found the project in which I really put my faith: LIQNET. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot. The analysis I will present consists of parts, and each of them shows this project from different angle. So, let’s go!
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.
LIQNET was announced on April 24, 2018. The company is expecting to launch a token sale in May or June 2018.
That being said, LIQNET is a crypto exchange, that allows to unite liquidity from different platforms and solve the problem of scattered users by bringing users and their trading requests and orders to one trading platform, thus forming a unified order book with better market depth and better prices for private persons and legal entities from various jurisdictions. LIQNET aims to create a unique and reliable exchange that will merge liquidity from competing platforms and solve the problem of industry fragmentation.
The Goals of LIQNET Platform 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.
LIQNET, discovered online at LIQNET.com, accumulates liquidity from different exchanges and enables traders to get to this liquidity through a solitary dashboard. You can exploit arbitrage openings between exchanges. Or on the other hand, you can essentially utilize LIQNET to get to greater liquidity.
FEATURES AND BENEFITS
No Slippage – High liquidity allows users to reduce or fully eliminate the costs of slippage.
Expenses Reduction – The higher the market liquidity is, the smaller the bid/ask spread will be, which thereby lowers the cost of trading.
Trust – LIQNET’s liquidity “reflects the presence of a mass of people whose actions are much easier to predict that the actions of a single person,” explains the official website, which means that a single entity can’t dominate the trading market.
Decentralization – LIQNET claims to be built on a decentralized system because their physical hardware is located in two different data centers, including centers in France and Canada. This isn’t what we typically mean by “decentralization”, although we understand what LIQNET is getting at.
Security – LIQNET holds customers’ funds in multiple locations, including hot wallets, multi-signature wallets, and cryptocurrency exchanges. This reduces the risk of theft.
Multiple Trading Options – LIQNET supports direct trading from the financial chart and scalping trades (including post limit and stop orders right from the order book).
Multiple Order Types – LIQNET supports stop order trades, stop limit trades, TP & SL trades, trailing stop trades, Iceberg, IFD, OCO, IFDOCO, valid till day/time trades, AON, IOC, and FOK trades.
Financial Charts – LIQNET provides a suite of analysis tools. Users can also customize their dashboard with 100+ different trading indicators.
Multiple Currency Pairs – Right now, LIQNET lists just four cryptocurrency pairs, including LTC/BTC, ETH/BTC, BCH/BTC, and PPC/BTC. However, they allow users to deposit more currencies, including Bitcoin, Litecoin, USD, Ethereum, Bitcoin Cash, DASH, and Peercoin (PPC).
The LIQNET platform also maintain the technological system for providing the best opportunity. They also provide three essential services to the users of this platform. There is also data collector system on the LIQNET platform. There are physical server 1, 2, as well as physical Node, are also connected to this system. Each Node is privet cloud as well as runs for few servers. On the other hand, they include an automated trading system on this platform.
Why LIQNET Is With LEN Technology?
The unique feature of LIQNET is LEN tool with makes it different from all other crypto exchanging platforms. The LEN (Liquidity Exchange Network) tool makes exchanges unique. This mechanism allows collecting and aggregating buy/sell orders through APIs of 1,2,3,4,5,6,7,8,9…n exchanges located anywhere in the world and forming them into a single order book. this makes the user benefited from getting many orders in a single place. Through this single order book, clients have a access to look up orders of the LIQNET platform as well as from other platforms. Due to getting large numbers of options clients find a liquidity.
Using the LEN tool LIQNET gets a unique system for clients which allows them to have more liquidity in the crypto exchanging system through the single unified order book.
Why Should You Choose LIQNET ?
LIQNET has some amazing features for clients which would allow clients to get some more attractive privilege form LIQNET. Here are some special features of LIQNET for clients:
- The LEN Mechanism: The LEN mechanism makes the LIQNET more unique and client free. This collects orders from clients and as well as from third-party platform and make a unified order book which enables the client to enjoy, more liquidity in crypto exchanging.
2.ICO with a Finished Project: The trading is accessed through a unique professional web terminal that comprises:
A graph with a multitude of tools for technical analysis.
All types of orders and their execution policies.
Tools for scalping trading, market making.
- No Slippage: High liquidity allows users to reduce or fully eliminate the costs of slippage.
4.Decentralization: LIQNET is based on a decentralized system which saves the time of their clients in exchanging cryptocurrencies with real-time exchanging experience.
5.Multiple Trading And Multi orders Options: LIQNET allows clients multi trading and multi orders options with its own LEN tool.
Security :the security has been tested several times and no failure so far.
Apps: LIQNET has their featured Desktop App and fully featured Android and iPhone Tracing Apps.
LIQNET Fees: Here are fees in LIQNET
1.Trading Fees: 0.2% taker fee, 0.1% maker fee
2.Deposit Fees: 0 (0% deposit fees on all deposit options, including bitcoin, Litecoin, USD, Ethereum, Bitcoin Cash, DASH, and Peercoin).
3.Withdrawal Fees: 0.0001 BTC, 0.01 LTC, 0.01 USD, 0.01 ETH, 0.01 BCH, 0.01 DASH, and 0.01 PPC.
TOKEN AND ICO DETAILS
Token symbol: LEN
Maximum number of tokens:63 746 032
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
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.
WHAT THE TOKEN ALLOWS YOU TO DO:
Purchase a discount on fees: one token gives a 0,5% discount on the sum of fees for one day. The discount if activated for 24 hours in the personal account immediately after the withdrawal of tokens or at a particular time. Increment size is 0,5%, the highest possible discount is 90%. The timing of the discount can be chosen in the personal account.
And also get access to the voting service to make decisions on the following matters:
Choice of the trading pairs offered at the exchange: at first, one or two pairs will be available in the system, the token holders choose the first 20 pairs that will be added to the system after the ICO;
Choice of the ways of spending 50% of attracted funds;
Choice of trading pairs to be added in the future in addition to the pairs that will be added by the LIQNET developers;
Increase of the exchange’s marketing budget;
Increase of deposits on other exchanges to provide better liquidity for the LIQNET platform;
Choice of additional sources of liquidity for LIQNET in addition to the ones added by the LIQNET developers;
Buy-out of the tokens on the platform at current prices to support the demand for them thus evading low price token sales and, therefore, the access of users to ultra-high discounts in large volumes, which can lead to a drastic decrease of the volume of the exchange’s fees.
Benefits of the token holders
On the growing cryptocurrency market, the ICO may be one of the few options for investors to enter the cryptocurrency services and exchanges market through a finished elaborated project.
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
Be a part of this tremendous project and follow these links for more information;
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