‘LIQNET’ – Unique Liquidity Cryptocurrency Exchange Network

in #liqnet6 years ago

A CRYPTOCURRENCY EXCHANGE WITH THE UNIQUE LIQUIDITY POOLING TECHNOLOGY

032233e6abe282972d93afc134b1498b.png

WEBSITE : https://liqnet.io
WHITE PAPER : https://liqnet.io/static/docs/Liqnet_WhitePaper_en.pdf
liqnet_logo.png

By the end of the decade, global cryptocurrency trading found itself distributed among various platforms, which led to critical fragmentation of liquidity. The lower the liquidity, the lower the average volume of a trading position in comparison to stock and other classical markets. “LIQNET” is a crypto exchange, which enables uniting liquidity from different platforms and solving 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 several jurisdictions. What makes the LIQNET exchange unique is the LEN (Liquidity Exchange Network) tool, which allows 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 clients. The holders of the LEN tokens get privileged terms.

Other advantages of LIQNET:
Desktop apps (own desktop app, MultiСharts, Trading View, and MT5).
Fully functional mobile trading apps for Android and iOS.
An online-wallet project that provides the ability to exchange cryptocurrencies and fiat money by the press of a button. Additionally, it has the easy cryptocurrency investment service with free and paid built-in strategies.
Acquiring service for receiving payments in cryptocurrencies that provides seller switch many capabilities and protects from many risks.
Aims
To connect an API of a platform to the automated trading system
To sell or buy from many cryptocurrency exchanges located anywhere in the world and form a unified order book
How Does LIQNET Work?
LIQNET revolves around its limit order book, or LOB, and its LEN mechanism. The Liquidity Exchange Network or LEN, mechanism limits liquidity fragmentation by pooling bids and orders from different exchanges. Instead of accessing liquidity from a single cryptocurrency exchange, we can access liquidity from multiple exchanges using the same professional LIQNET dashboard. The main benefit of this higher liquidity is that traders can enjoy a lower bid/ask spread. LEN collects and pools orders from exchange consumers like us. Then, it connects those orders with orders from other platforms, creating a single depth of market panel. Orders are collected and then made accessible for trading to all LIQNET exchange customers. Using the public APIs of cryptocurrency exchanges, LEN polls them for purchase and sale bids, forming a single depth of market panel for its consumers and enabling traders to find the best prices at the minimal spread. We can access LIQNET through our desktop browser or a mobile app.

Features & Benefits
LIQNET highlights all of the following features and benefits:

No Slippage: High liquidity allows users to reduce or fully eliminate the costs of slippage.
Expenses Reduction: The higher the market liquidity is, the smaller the bid/ask spread will be, which thereby lowers the cost of trading.

Trust: LIQNET’s liquidity “reflects the presence of a mass of people whose actions are much easier to predict that the actions of a single person,” explains the official website, which means that a single entity can’t dominate the trading market.

Decentralization: LIQNET claims to be built on a decentralized system because their physical hardware is located in two different data centers, including centers in France and Canada. This isn’t what we typically mean by “decentralization”, although we understand what LIQNET is getting at.

Security: LIQNET holds customers’ funds in multiple locations, including hot wallets, multi-signature wallets, and cryptocurrency exchanges. This reduces the risk of theft.
Multiple Trading Options: LIQNET supports direct trading from the financial chart and scalping trades (including post limit and stop orders right from the order book).

Multiple Order Types: LIQNET supports stop order trades, stop limit trades, TP & SL trades, trailing stop trades, Iceberg, IFD, OCO, IFDOCO, valid till day/time trades, AON, IOC, and FOK trades.
Financial Charts: LIQNET provides a suite of analysis tools. Users can also customize their dashboard with 100+ different trading indicators.

Multiple Currency Pairs: Right now, LIQNET lists just four cryptocurrency pairs, including LTC/BTC, ETH/BTC, BCH/BTC, and PPC/BTC. However, they allow users to deposit more currencies, including Bitcoin, Litecoin, USD, Ethereum, Bitcoin Cash, DASH, and Peercoin (PPC).

Market Agenda

Nowadays, the number of exchanges has increased so much that the market needs unification in order to continue to develop as a single body. Users and their resources are divided; therefore, liquidity is also divided. Cryptocurrencies it must unite people, businesses, and financial flows, but the fragmentation of trading on various platforms leads to greater volatility of many cryptographic and active currencies. This scares traditional investors to invest in cryptocurrencies. The low level of liquidity and the considerable spreads do not help the development of the cryptocurrency industry. Naturally, trades should try to enter a unified market in order to use combined liquidity to increase revenues. The abundance of trade instruments and trade in the market should also be subject to critical review. At first glance, the market is full of stock markets and cryptocurrency markets. However, when filtered by parameters such as reliability, accessibility for end users (many scholarships are selective to allow exchanges of residents of different countries and jurisdictions), the possibility to trade with the necessary tools (including trust currencies), the choice is drastically reduced, and the illusion of abundance disappears. In the remaining optimal trade, liquidity will be limited. Therefore, during a market movement or the purchase or sale of a significant amount of funds, an operator risks not obtaining the requested amount or obtaining it at an unacceptable price. We solve this problem by joining liquidity streams from different platforms in a single order book.

LIQNET Solutions

The foundation of the LIQNET project is a secure cryptocurrency exchange. It collects liquidity using both classic methods and a standalone mechanism that uses the in-house LEN technology. LEN is a mechanism that through an API permits to collect and combine data on requests to sell/buy from many cryptocurrency exchanges located anywhere in the world (Picture 1) and to form a unified order book.
1-11.png

LEN aggregates requests into a single stream, and because of that users can make deals at the most favorable price with a minimal spread. LEN enables the LIQNET system to get an improved model from the standard model of market depth. The new model offers added liquidity at the intersection of supply and demand. As a result, LIQNET users work with a unified order book, which combines both orders of clients of this exchange and orders relayed from other platforms.

Differences between LIQNET and Traditional Exchange
2-11.png

LIQNET Fees

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: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:0001 BTC, 0.01 LTC, 0.01 USD, 0.01 ETH, 0.01 BCH, 0.01 DASH, and 0.01 PPC.

About The Project

The server side of LIQNET platform is on the private cloud. It is formed of physical servers in several locations and client terminals. The security of server side is thoroughly tested. LIQNET produces unique professional web trading terminal, particularly for cryptocurrencies. The LIQNET technology has three services. They are the data collector, automated trading system and automated system for fund allocation and account. To connect a cryptocurrency exchange to LEN, the user should register an account, deposit money and implement a particular LEN module. In this database, all financial data is saved on various servers and replicated between locations.

Project’s Economics

LIQNET team has done calculations of competitors’ profits. They utilized this data to create a profits model of the exchange with three scenarios. Nine largest exchanges were taken for calculations (See below table). Average monthly trading volume was calculated, which was equal to $46 228 934 670.
3-11.png

ICO and PreICO Strategies

LIQNET is expecting to launch a crowdsale in May / June 2018. That crowdsale will consist of a closed pre-sale and an open ICO. Additional details of the token sale have not yet been published. LIQNET has partnered with Como Capital to launch their ICO. It’s unclear how LIQNET tokens will work. However, tokens launched by other cryptocurrency exchanges typically provide a discount on trading fees. We might only pay 0.1% or 0.5% trading fees when paying with LIQNET’s tokens, for example.

The target amount attracted during the ICO is from $20 to $50 million. The tokens can be obtained with Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Zcash (ZEC), Litecoin (LTC), Ripple (XRP), or Waves. Aſter registering an account, each new user receives a dedicated Ethereum wallet. All currencies are converted to Ethereum. Depending on the size of collected investments, the tokens will be distributed as follows:

93, 56% — ICO investors;
0, 94% — private offering;
2% — bounty campaign;
3, 5% — advisor;
The sum of the funds received during the ICO will influence the timeline of the improvement of the project’s elements.

LEN Token Description
4-11-1024x714.png

Distribution of Funds Attracted During the ICO
5-11.png

Strategy in Case Insufficient Funds Are Attracted During the ICO
If 95% of the Hard cap is collected — development of the acquiring service will be postponed until enough money is earned on exchange’s fees.
If 90% of the Hard cap is collected — development of the online wallet will also be postponed until enough money is earned on exchange’s fees.
If 40% – 90% of the Hard cap is collected — the share of the circulating capital will be proportionally decreased from 65% to 50%, and the share of the other RM items will be proportionally increased.

Benefits For The Token Holders
On the developing cryptocurrencies market, the LIQNET’s ICO may be one of the several options for investors to enter the cryptocurrency services and exchanges market through a complete elaborated project. Their 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 improve its competitive advantages and allow us to develop exponentially with the help of tokenization.

The Exchanges
Today, the method of conversion of one cryptocurrency into another or into a national currency is done in two ways:

through payment systems wallets (an analog of traditional bank conversion operations);
through specialized platforms where these tools are traded — the exchanges.

Percentage of exchanges that support national currencies trading
6-11.png

According to the research by Cambridge University, the geography of exchanges variates around the world.

Geographical Spread Of Exchanges
7-11.png

Market Prospects
8-11.png

Among reputable global organizations, which at the time of this review have publications in the field of cryptocurrencies, are:

Cambridge University — «Global Cryptocurrency Benchmarking Study 2017»
Gartner — research and consulting company specializing in the IT markets. Gartner has released many articles on the blockchain, the main of which are: «Practical Blockchain: A Gartner Trend Insight Report» and «Blockchain: Managing Business Expectations».
The Blockchain
The blockchain is the core of all cryptocurrencies, so the prospects of its advancement directly influence the future of the whole market. In its research, Gartner has conducted a SWOT analysis that was pointed at defining the possibilities of the technology’s development:

SWOT analysis
9-11.png

The Mining
One of the significant components of the cryptocurrency market is mining. Miners are the ones who are doing the verification of blocks, in other words, verify the correctness of transactions that are included in them. Mining is actively obtaining momentum while taking new forms and reaching new scales (cloud mining, mining hotels, modernization of old facilities into large mining farms).

10-12.png

Top 9 Crypto Exchanges
11-11.png

Who’s Behind LIQNET?
LIQNET was founded by a team of finance, law, and technology professionals with a proven track record in traditional investments and forex trading. Key members of the team include Roman Shirokov (CEO), Evgeny Tarasenko (CTO), and Vyacheslav Kasatkin. LIQNET was incorporated in 2015. The company is registered to an address in Singapore (10 Maxwell Road, Singapore).

Conclusion
LIQNET is a cryptocurrency exchange that aggregates liquidity from a number of different exchanges over the internet. The goal is to reduce the bid/ask spread while proposing users the highest liquidity across multiple order types and markets.

Right now, LIQNET is in the beginning stages of launch. The exchange is not yet accessible online, although a desktop and mobile app are preparing to launch in the near future.

Roadmap
12-11.png

Team
13-8.png

Advisors
14-6.png

Rating
15-6.png

More Information Follow The On Social Media

Telegram https://t.me/liqnet
Website https://liqnet.io/
Twitter: https://twitter.com/LIQNET_official
Facebook: https://web.facebook.com/LiqNet.io/?_rdc=1&_rdr

Not all the website. which listed on top list are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you are not prepared to lose. Make sure to research the website. So please take care of your investments and be on the safe websites and avoid much losing online. High expensive slow implementation, low revenue, and no growth.key problems of e-commerce for retailers and manufacturers.

MY INFORMATION
NAME SOCIAL LINK
ETHEREUM WALLET 0x3B0127DC229d9Ab979B327Fa97FdB65bc40551E5
BITCOINTALK PROFILE https://bitcointalk.org/index.php?action=profile;u=1926381
FACEBOOK https://www.facebook.com/kazi.info
TWITTER https://twitter.com/kazid2k
LINKEDIN https://www.linkedin.com/in/kaziashrafulislam
YOUTUBE https://www.youtube.com/user/kazi0099

Coin Marketplace

STEEM 0.28
TRX 0.13
JST 0.032
BTC 61060.27
ETH 2927.58
USDT 1.00
SBD 3.55