Liqnet: The Unique Liquidity Pooling Technology

in #liqnet6 years ago (edited)

The basis of the LIQNET project is a secure crypto exchange. Liquidity for the exchange is collected both by classical methods and by a separate mechanism based on the LEN technology of own design. LEN is a mechanism that allows you to collect and aggregate through the API data on buy/sell requests from a variety of crypto exchanges located anywhere in the world and form a single order book.

Before starting this let me just commend the brains behind this, this is a great idea and great innovation by the team.

Cryptocurrency exchange is vast and requires a lot of know-how before someone can just jump into trading. This is mostly because there are a lot of crypto exchange website and they are designed in different ways and they all have different policies. This most times cause problems for newbie at exchange, it’s a big hassle for someone to know where the price is great and where the price is low. Everyone wants to maximize profit and we all try to find the highest prices at exchanges so it's very hard to find if there are different order books and different exchange policy you need to consider.

With vast exchange platform, it is hard to easily decide liquidity. Liquidity of platform A is different from B. This main problem scares away traditional investors, different liquidity from different exchanges seems like its unsettled. Cryptocurrencies should unite people, companies, and financial streams, but the fragmentation of trading over several platforms leads to increased volatility of many cryptographic currencies and assets.

Imagine having all crypto exchange order book in one place and you don’t have to go through different site policies and restrictions to trade. This will be great as there won’t be restrictions and traders won't have to keep records on many exchange platform as they will be able to find it all in one place. Also, traders won’t need to rely on different sites for data as all data can be found in one place
HOW IS THIS POSSIBLE?

LIQNET

LIQNET is a crypto exchange, which allows to unite liquidity from different platforms and solve the problem of scattering of users, their trading requests, and orders, thus forming a unified order book with better market depth and better prices for private persons and legal entities from various jurisdictions.

With liqnet traders don’t have to rely on other site for data and statistic as they will be able to find everything in one unified order book. LEN (Liquidity Exchange Network) tool will allow the platform to collect 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 client.

LEN

LEN is a mechanism that through an API allows to collect and combine data on requests to sell/buy from many cryptocurrency exchanges located anywhere in the world and to form a unified order book. LEN will be able to aggregate requests from various exchange all over the world and make it available for traders on the Liqnet platform so that they will be able to trade at the most favorable price that suits them.

LIQNET PLATFORM

For easy access Liqnet will be able to run on both PC as a PC application and also be available on iOS and Android. The platform will also provide online wallet for traders to manage their asset. One of the most amazing feature of the platform is that it will provide easy swap from fiat to cryptocurrency.

LEN technology will offer three essential services:

  1. It will serve as Data collector to easily merge and create unified order book
  2. It will serve as an automated trading system because it will be able to merge request from different exchanges to create a unified order book.
  3. 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)

LIQNET TOKEN

TokenLEN
Price1 LEN = 1 USD
BonusAvailable
MVP/PrototypeAvailable
PlatformEthereum
AcceptingETH, BTC, LTC, BCH, ZEC
Soft cap20 000 000 USD
Hard cap50 000 000 USD

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