WorldBook .. Exchange Work Together

in #worldbook6 years ago (edited)

Have you ever had a liquidity problem?
Yes, which of us did not face this problem? , That is very unfortunate,
We have a huge project to solve this problem and provide liquidity and all platforms become partners and not competitors

First let's know what mean of WorldBook?

The World Book is built on top of QUOINE’s existing Matching Engine, Smart Order Routing, and Cross Currency Conversion Engine technologies , and it's will runs under the hood of the LIQUID platform
It becomes the ultimate resource for traders—a multi-market order book that combines every liquidity source in the world into a single highly liquid tradable order book, in any currency a user chooses.

Also,the World Book will compile orders and prices from exchanges around the world into one order book for you to use. This gives users, regardless of location, the ability to use their prefered fiat currency to buy or sell cryptocurrencies therefore removing the need to convert using multiple exchanges as aforementioned.

See image below :

that's mean the World Book will solve two issues limiting liquidity in the crypto economy.

  • First being liquidity silos, which exists because each exchange offers a crypto-fiat pair in its local currency.
    Moreover, these pairs can't access liquidity in a different exchanges, since they can only be bought and sold on one exchange. This effectively creates liquidity silos which results in different prices for the same token across the various exchanges.

  • Secondly, underserved markets are isolated because they're not financially large enough to support their own crypto token. A World Order book would give them access to the global pool of liquidity. This means even a small exchange in a remote country could theoretically gain access to massive amounts of liquidity immediately.

WorldBook Have Many Features Like :

See order book in your own currency

If a German trader wants trade $BTC with EUR, when they place an order, they see it enter the BTC/EUR market, while a Singaporean trader would see the order book in their own currency of choice, likely SGD

Smart Order Routing (SOR) :

When an order is placed on the World Book, and no match is available internally, theSmart Order Routing Technology checks to see if there is a match available on another exchange. If so, it automatically routes the order in the currency of the order on the other exchange.

Multi-Market Order Book :

The LIQUID Platform’s World Book offers a multi-market order book that aggregates the
[orders /prices] on world’s various liquidity sources into a single highly liquid tradable
order book, allowing orders to be placed in the currency of one’s choice

The beta version will come soon , and will come with limited currencies and be for limited users to test it .

Check More At : liquid.plus

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