What is LiQNET?
This project is a cryptocurrency exchange, which gives leverage to work with orders from many cryptocurrency exchanges at once, combining their liquidity with the LEN technology (Liquidity Exchange Network).
LIQNET's technologies have potentials to aggregate requests into a single stream, so users can make transactions at the most favorable prices with a minimum spread. LEN has a blueprint to creates an improved model that provides additional liquidity at the meeting point of supply and demand.
Basically, the foundation of the LIQNET project is a secure cryptocurrency exchange that has the ability to collects liquidity using both classic methods and a standalone mechanism that uses the in-house LEN technology.
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.
How LIQNET Works
LIQNET circles around its limit order book (LOB) and its LEN mechanism. The LEN mechanism stops liquidity fragmentation from happening by pooling bids and orders from various exchanges.
Other than accessing liquidity one cryptocurrency exchange, you can access liquidity from various exchanges with similar professional LIQNET dashboard. The key benefit of the higher liquidity is traders have access to a lower bid/ask spread.
LEN takes and pools orders from exchangers like you and links those orders with orders from other platforms, forming a single depth of market panel. Orders are taken and then ready for trading to all LIQNET exchange customers.
Using the public APIs of the exchanges, LEN polls them for purchase and sale bids, creating a single depth of market panel for its customers and letting traders find the best prices at the smallest spread.
The LEN technology comprises three 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)
Benefits for the Token Holders
On the growing cryptocurrency market, LIQNET's ICO may be one of the few options for investors to enter the cryptocurrency services and exchanges market through a finished elaborated project.
Our ICO stands out from the majority of the others because it is not just an idea. It is a real product ready for launch. It will be able to increase its competitive advantages and allow us to develop exponentially with the help of tokenization.
A number of cryptocurrency exchanges aggregate liquidity from across different exchanges.
So what makes LIQNET special? What kind of fees can you expect to pay?
Here are some of the notable fees as listed on the LIQNET fees page:
Trading Fees: 0.2% taker fee, 0.1% maker fee
Deposit Fees: 0 (0% deposit fees on all deposit options, including Bitcoin, Litecoin, USD, Ethereum, Bitcoin Cash, DASH, and Peercoin).
Withdrawal Fees: 0.0001 BTC, 0.01 LTC, 0.01 USD, 0.01 ETH, 0.01 BCH, 0.01 DASH, and 0.01 PPC
LEN Token Description:
🔹Token ticker symbol: LEN
🔹Standard: ERC20
🔹Maximum number of tokens (given all tokens are distributed in the first three days): 63 746 032
🔹One LEN token price: $1
🔹Payment methods: ETH, BTC, BCH, ZEC, LTC, XRP, Waves
🔹During the ICO, the required amount of tokens will be generated automatically
🔹Link to the ICO website: https://liqnet.io/
🔹Tokens destruction mechanism: tokens used in the system are destroyed using the instruction given in the smart contract.
Roadmap
Team
Verdict
The aim of LIQNET is to lessen the bid/ask spread as it gives users the highest liquidity across several order types and markets. LIQNET is presently in the early stages of launch. It is not yet available online, but a desktop and mobile app a will be launched in the near future. Blockchain technologies and the increase of their legal status, and to the allowance of them as a payment tool on international and national markets, any positive information and any novelty positively affect the growth of popularity and acceptance of cryptocurrencies.
Useful information:
• Website: https://liqnet.io/
• Whitepaper: https://liqnet.io/static/docs/Liqnet_WhitePaper_en.pdf
• Telegram: https://t.me/liqnet_official
• Facebook: https://www.facebook.com/LiqNet.io
• Twitter: https://twitter.com/LIQNET_official
Author
@Lkcryptoman
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2062157;