They advent of blockchain technology and cryptocurrencies in general has led to the massive growth of centralised exchanges in the last five years. According to statistics, there are about 6.7 million cryptocurrency traders and more than 500 cryptocurrency exchanges, one would think that proliferation of number of exchanges would translate to more efficiency and effectiveness in trading of crypto assets but that has not entirely true based on identified bottlenecks listed below:
FRAGMENTATION OF LIQUIDITY
Widespread of exchanges means capital are spread across different exchanges and as a result poses a liquidity challenge. With lower liquidity in these exchanges comes with lower average volume of a trading position and moreover, in the event of rapid market movement, liquidity might be insufficient for trading low volumes of cryptocurrencies.
INCREASE VOLATILITY
Volatility of cryptocurrencies asset is another major concerns with numerous crypto exchanges. It is a common phenomenon to witness an outrageous increase or decrease in the price of an asset in little time. This has hindered onboarding of more investors as they are scared of losing their funds. Consequently, a more reliable order management is needed.
It is based on this background that a team of experts with requisite knowledge of cryptocurrency have come with an innovative project to unite liquidity streams of cryptocurrency exchanges into one order book. This project is tagged LIQNET
LIQNET PROJECT
The goal of Liqnet project is to facilitate a better and more secured cryptocurrency exchanges. Liqnet does this by aggregating liquidity using both classic methods and standalone mechanism that relies on inbuilt LEN technology.
Liqnet provide a unified order book after taking into consideration ordering and selling price across various exchanges across the globe. As a result of this, users get the opportunity to deal at a fairly reasonable price with minimal spread.
Furthermore, the Liqnet system offers a better improved model from the traditional standard model of market depth. LEN offers a more liquid system at the intersection of demand and supply. Users of Liqnet platform therefore get a general overview of orders in Liqnet exchange as well as those from other exchange, this is made possible by the unified order book.
Security of Liqnet system is assured as the server is a private cloud with several physical servers spread in different parts of the world and client terminals.
The three essential services of LEN are:
- Data collector
- Automated Trading System
- Automated system that allocates and accounts for funds.
Liqnet would be no doubt a welcome development to cryptocurrency exchanges as they aim to achieve more liquidity and trading volumes in their exchange. Also, since most exchanges provides API, LEN would enjoy seamless integration to these exchanges as an automated trading system facilities numerous transactions. LEN also pay charges on these transactions thereby generating profits for these exchanges.
Since LEN technology relied on existing public API, individual investors only need link their registered account on an exchange to any module that interest them on the Liqnet platform while Liqnet performs the remaining opposition. This would particularly ease the burden of funds manager and everyday cryptocurrency investor with several accounts across multiple cryptocurrency exchanges.
TOKEN SALE
Investors have the opportunity of partaking in this Investment opportunity by buying LEN tokens. It is a standard ERC-20 token with a total Supply of 63 746 032.
Investors in the private phase will get additional 100% bonus for being pioneers of the community and first subscriber to Liqnet.
Specific Information about Token Sales
Token Symbol LEN
Total supply 63 746 032
Price per token $1
Acceptable cryptocurrencies and fiat ETH,BTC,BCH,ZEC,LTC,XRP,WAVES,USD
Available token for private sale 600,000 LEN (equivalent of 300,000 USD)
Bonus for Private Sale 100%
Maximum contribution per investor
( private sale) $50,000
PROJECT TIMELINE
MEET THE PROJECT TEAM
CONCLUSION
Liqnet is a wonderful project which would attract institutional investors and others alike into cryptocurrency currency trading as it address the number challenge affecting cryptocurrency trading which is price volatility. Moreover, the team is a perfect blend of professionals in cryptocurrency and technology, definitely they have what it takes to ensure project success.
Useful Links
Social Media
Facebook https://www.facebook.com/LiqNet.io
Twitter https://www.twitter.com/liqnet
Telegram http://t.me/liqnet
LinkedIn https://www.linkedin.com/groups/13591344/profile
Official Site https://liqnet.com
Support https://liqnet.freshdesk.com; [email protected]
ICO Site https://liqnet.io
White Paper https://liqnet.io/static/docs/Liqnet_WhitePaper_en.pdf
Token Sale Agreement https://liqnet.io/static/docs/token_sales_agreement_en.pdf
International User Agreement
https://liqnet.com/pdf/international_user_agreement.pdf
Privacy Privacy Policy https://liqnet.io/static/docs/international_privacy_policy.pdf
User Data Collection and Storage Policy
https://liqnet.io/static/docs/cookie_policy.pdf
AML Policy
https://liqnet.io/static/docs/aml_policy.pdf
Rules for Working with Electronic Signatures
https://liqnet.io/static/docs/e_sign.pdf
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