ICOREVIEW Liqnet! The Unique Liquidity Pooling Technology
Summary
- Project name: LIQNET
- Token symbol: LEN
- Website: https://liqnet.io/
- White paper: https://liqnet.io/static/docs/Liqnet_WhitePaper_en.pdf
- Hard cap: 50 000 000 USD
- Countries excluded: USA,
Project Overview
What does the company/project do?
- 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.
- The basis 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 allows to collect and combine data on requests to sell/buy from many
cryptocurrency exchanges located any where in the world and to form a unified orderbook. - The system revolves around the united limit order book, or LOB. You access this order book through the professional LIQNET interface.
- LEN (Liquidity Exchange Network) is what makes our exchange unique. This mechanism allows collecting and aggregating buy/sell orders through APIs of 1,2...n exchanges located anywhere in the world and forming a unified order book.
Using the public APIs of cryptocurrency exchanges, LEN polls them for purchase and sale bids, forming a single depth of market panel for its customers and allowing traders to find the best prices at minimal spread.
What are the tokens used for and how can token value appreciate?
- Purchase a discount on fees: one token gives a 0,5% discount on the sum of fees for one day. The discount is activated for 24 hours in the personal account immediately after the withdrawal of tokens or at a particular time. Increment size is 0,5%, the highest possible discount is 90%. The timing of the discount can be chosen in the personal account.
*Get access to the voting service to make decisions on the following matters:
- Choosing the trading pairs offered at the exchange: at first, one or two pairs will be available in the system, the token holders choose the first 20 pairs that will be added to the system after the ICO;
- Choosing the ways of spending 50% of attracted funds;
- Choosing trading pairs to be added in the future in addition to the pairs that will be added by the LIQNET developers;
Increase of the exchange’s marketing budget;
Increase of deposits on other exchanges to provide better liquidity for the LIQNET platform; - Choosing additional sources of liquidity for LIQNET in addition to the ones added by the LIQNET developers;
Buy-out of the tokens on our platform at current prices to support the demand for them thus evading low price token sales and, therefore, the access of users to ultra-high discounts in large volumes, which can lead to a drastic decrease of the volume of the exchange’s fees.
How advanced is the project?
- LEN creates an improved model that provides additional liquidity at the meeting point of supply and demand. As a result, LIQNET users work with a single order book, in which both orders of the clients of this exchange are presented, as well as retranslated orders from other sites.
- The server side of the LIQNET platform is a private cloud, which consists of physical servers in several locations and client terminals. All of them have undergone lengthy and thorough testing in the field of security. In the growing cryptocurrency market, LIQNET's ICO is one of the few options for investors to enter the cryptoexchange market and services through a ready-made project.
Team
ROMAN SHIROKOV:
Co-founder and CEO. Roman has 9 years of experience in financial and investment consulting on stock and currency markets, 7 years of independent trading experience in the stock and derivatives market. He has been active in the cryptocurrency project field since 2013. Roman is also a co-owner of an investment company, which he actively managed until 2017. Subsequently, he became completely immersed in LIQNET
Advisors
Daniil Morozov
Daniil is an expert of ICOBench (TOP 10), People of blockchain ICOBench (TOP 40) and an active participant of the crypto community with extensive contacts network in this field.
Over 10 years in financial consulting, winner of "100 best products of Russia", "Financial Russia 2007", "Financial Russia 2008".
Business Angel, 15 startups in the portfolio (such areas as construction, financial consulting, real estate, IT, high-tech).
Co-Founder of Node - a revolutionary high-tech start-up, which disrupts a market niche of wireless transmission devices for both private and commercial use. Node’s innovative developments, research activities in the field of storage and transmission of electricity, allow to offer solutions that are characterized by high quality and efficiency of use.
Highlights roadmap
- Q3 — 2018
Connection of additional payment systems allowing you to replenish the balance from MC, Visa, Union Pay plastic cards, possibly, connection of PayPal and other payment systems. - Q4 — 2018
Improvement and bugfixing of the iOS and Android apps. - Q2 — 2019
Start of the margin trading/shipment futures trading.
Launch of the platform used to trade third-party tokens during ICOs (in a separate jurisdiction).
Opportunities
Strong team from a technical perspective with expertise in open source technology, cloud computing, containers, virtualization and blockchain technology.
Opportunities
Strong team from a technical perspective with expertise in open source technology, cloud computing, containers, virtualization and blockchain technology.
For more information about the ICO, please visit the following links:
Website: https://liqnet.io/
Whitepaper: https://liqnet.io/static/docs/Liqnet_WhitePaper_en.pdf
Telegram: https://t.me/liqnet_official
GitHub:
Twitter: https://twitter.com/LIQNET_official
Medium: https://medium.com/@liqnet.io
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