LIQNET is a service that brings together cryptocurrency exchanges to increase liquidity

ivanleon (30)in #ico • 6 years ago

For any cryptocurrency exchange or coin, it is very important to have high liquidity, that is, the ability for any financial asset to be immediately sold at a market price. Here the same problems arise, since the coins left on the exchange, may be sold in various places, but the total market capitalization of trading a variety of sources may vary. Often on the exchange with the best price you will not sell your asset, as it is not sold in the right amount. The problem is exacerbated by the emergence of new trading platforms, with the difference in the glasses of buying and selling begins to vary greatly, the price range of different exchanges differs significantly. The user may not understand what exchange is best to trade, is confused in commissions, the registration of the data, and if necessary to carry out the transaction you have to put the order with the delay or divide into several pieces for sale in different places.

As a result, it became necessary to address the issue of raising the liquidity of various cryptocurrency assets, as the lack of liquidity is a significant obstacle to the evolution of the cryptocurrency market and attract a new audience. LIQNET is a cryptocurrency trading service that allows you to combine liquidity from different platforms and provide users with a universal tool that creates a common stack of orders with the best depth of the market and the lowest spreads, that is, the minimum difference between orders for sale and purchase. At the same time, the LIQNET platform puts the most favorable prices on all currency pairs and automatically executes orders in terms of priority for incoming orders.

To realize its vision of the authors of the project LIQNET have created advanced algorithm LEN (Liquidity Exchange Network), which collects and sorts the orders of users of the platform with third-party exchanges into a single collection of orders and provides the ability to conduct commercial transactions between users of the platform LIQNET. Joining to trading on external platforms is carried out by connecting to them using API instruments of the exchanges themselves in the form of trading robots. Transactions with LEN are carried out according to the same rules that are provided for an ordinary trader, that is, payment of all commissions when trading and transactions. That is, the use of LIQNET will be very beneficial for all exchanges, especially for small platforms, as it allows to significantly increase their liquidity, and this will increase their income and attractiveness for new users.

A very important fact in favor of the LIQNET project is the presence of a fully working beta version of its trading platform, which currently makes transactions only in the form of cryptocurrency funds. The platform does not support working with Fiat funds (dollar, Euro, ruble), but in the third quarter of 2018 it is planned to connect to the platform of payment systems Visa, PayPal, Union Pay to replenish the balance of your wallet. LIQNET offers desktop applications for PC of its own development with support for trading, charts and technical analysis (Multisharts, TradingView, MT5), running applications for iOS and Android, by the end of 2018, a full wallet tied to a personal account that will accept, store and instantly convert funds into various currencies, including Fiat.

The economy of the LIQNET platform is a specialized token LEN of the ERC20 standard on the Ethereum platform, which opens up additional opportunities for its holders. The presence of this coin provides discounts on commissions when making transactions, as well as provides access to the voting system, through which len holders choose currency pairs for trading and how to spend 50% of the funds raised (additional marketing for the exchange, additional sources of liquidity, redemption of tokens to increase liquidity, etc.). The price of the token LEN at the stage of ICO excluding bonuses equal to 1$.

In the end, I would like to note that LIQNET currently provides a unique solution to increase the liquidity of foreign exchange assets, has a strong team of professionals and a functional beta version of the platform. The project has potential for development.