The widespread of cryptocurrency trading on different platforms has led to the severity of liquidity fragmentation. The innumerable number of trading exchange has laid down challenges in the market.
This led to the creation of #Liqnet.
Liqnet is a cryptocurrency exchange that aims in uniting liquidity from
different platforms in view of solving the problems predisposed to the liquidity fragmentation.
Liquidity Fragmentation in the Market and its Problems
Different platforms have a distinct and unique mode of exchange. The platforms have diversified and fragmented liquidity. As more platforms are becoming established, liquidity is becoming more fragmented. Trading platforms have become so innumerable such that the market needs unification. The numerous cryptocurrency exchanges created by various platforms have plagued the market with challenges and problems. Users and their assets are being split. This is caused by the innumerable number of trading exchanges in the market leading to the splitting of liquidity and increased volatility of assets.
The fragmentation of liquidity by various platforms has scared investors away from investing in cryptocurrencies. The diversification and increased number of trading cryptocurrency have created a low revenue generating market, making liquidity to lose value. This discourages investors from investing.
Also, there is no guaranteed assurance of transparency in trading with such countless growing number of trading exchange. No investor would like to invest in a business with no transparency and guarantee.
The splitting of liquidity and assets caused by the numerous cryptocurrency exchanges have made investors see investment in cryptocurrencies as a gambling endeavor associated with risks.
In the midst of this challenges created by liquidity fragmentation, there is a need to critically review the
abundance of exchange and trade tools in the market. The market should seek to get a unified trading exchange to increase revenue and encourage investors.
LIQNET, the Solution to the Problems of Liquidity Fragmentation To critically review the abundance of trade tools and address the aforementioned problems plagued by the abundance, Liqnet is been created.
Liqnet is a secure cryptocurrency exchange which unites liquidity from different platforms. It solves the problems of scattering and splitting of users, their assets, trading requests, and orders. It solves this problem by uniting liquidity streams from different platforms into one order book.
Liqnet uses Liquidity Exchange Network (LEN) technology to tackle liquidity fragmentation.
The LEN technology is made up of three services which are the data collector, the automated trading system providing protection of clients' deals at external platforms and automated funds allocating and accounting system.
Through Liquidity Exchange Network, Liqnet increases the level of liquidity and trading volumes in their markets by connecting API of external platforms to the automated trading
system. The technology collects exchange orders from clients and orders from third-party platforms and combines them into a single unified order book. This enables users to transact at a favorable price with minimal spread.
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To attract investors into cryptocurrency exchange market, Liqnet project will issue its own LEN token and holding an Initial Coin Offering (ICO). Once Liqnet collects ICO, tokens will be sold to intended
buyers and investors with bonus offers. It purports to offer a discount on the exchange fees of up to 90% depending on the number of tokens, the LEN token holder spends. With such agenda incorporated in Liqnet, investors are attracted. In as much as Liqnet seeks to solve the problem of liquidity fragmentation, it will not condone any errors associated with the wallet that one has chosen to receive and store LEN token. Every information needed to transact in the crypto exchange market should be exact to avoid blames. Liqnet will be responsible and accountable to the supply of wrong information.
Token Info
Token - LEN
Price - 1 LEN = 1 USD
Platform - Ethereum Based
Accepted - ETH, BTC, LTC, BCH, ZEC
Soft cap - 20,000,000 USD
Hard cap - 50,000,000 USD
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AUTHOR — Golden
Bounty Hunters’ ID — 21105