In the crypto world, the exchange is a great part of it. The exchange is one of the mediums which gives people the power to exchange their currencies and provide liquidity. Liquidity is directly linked to attracting people. To attract people into crypto, what an exchange can do, how it will work, benefits these all need to be improved or changed to make crypto a better place.
Introduction to Liqnet
Liqnet is a crypto exchange project which has set out with a very different and unique goal. Liqnet has seen the evolution of crypto exchange and how it changed. There's still an idea which is yet to be made a reality. Liqnet is here with that idea with a goal of changing how the crypto exchange should be.
Liqnet is a crypto exchange with a unique idea of connecting various exchanges liquidity in place. They want to create an exchange that will show a currency's order book from various exchanges all in one place. They want to create a different kind of liquidity for crypto and make trading easier than ever. Not only the liquidity, Liqnet also aims to make this platform providing various benefits which can't be found in traditional exchanges.
Traditional Exchange
The traditional exchange is more complicated. To trade various currencies and to take the best profit, one has to register in different exchange site. The fee, charge and many things to do in various places. Sometimes the transfer fee takes away all the profit. Even after all these, there are still some problems left thus it might even lead to an extreme loss.
One of the common problem in traditional exchange is the lack of proper volume. A currency might be listed in various places. But there might not be enough volume, people who want to buy and so on. This hampers the experience of trading. Then there's the way too big spread in the order book. This is also one of the problems which many traders suffer.
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There are big players in crypto. They buy a lot of currencies at a different price. To make the highest profits out of their buying and selling, they always have to buy at the best price. And sometimes when there are huge buying or selling of currency, it changes the whole market of that currency. That's why there are people who are scared of investing too much as they believe it might lead to a loss. Also, there's also the work of always monitoring different sites for getting the best price. It's a lot of work to get profit from crypto trading.
Liqnet Exchange and its solution
Liqnet exchange is planning on connecting various exchanges all in one place. Liqnet will have the classic trading option but there will also be an extra mechanism of trading from various exchanges made with LEN technology. In simple words, they are going to take the API of various sites and connect them and make one single order book which is taken from those connected exchanges.
So what's so special about connecting various exchanges in one place. One cryptocurrency can be listed in various places. It's safe to say the prices on various exchanges will vary from each other. So to get the best price, one actually has to go through all the exchanges. In the middle, there will be fees and charges which no one wants to take. So if Liqnet connects all those various exchanges in one place, it will cut out extra fee and charges and the best thing is one gets the desired price.
Altering the market with trading isn't uncommon. However, the risk to this is unwanted. So to prevent this, Liqnet LEN technology or the connecting of various exchanges at one can prevent this from happening. As one will be buying from various exchanges the risk of market-altering is low and also the spread between the price will be a small one.
Liqnet exchange itself will have some unique benefits and services. These can help one trading and provide liquidity. Liqnet is combined the with power of LEN and this helps creating a unique ecosystem and great service. Combined with LEN, Liqnet essential part will be these:
• Collecting Data and use them to improve the Platform
• Autonomous and Flawless Trading for better trading experience
• Automated system to keep track of funds and transaction and prevent any kind of loss
These three are the core of Liqnet when combined with LEN. With these they will provide the ultimate experience in trading which will be flawless and profiting.
What's more Liqnet product is not only the exchange website itself. They plan on adding some more thing and make Liqnet not only the best platform for liquidity but also the best platform for trading. Except the website, some of their other products will be
• Fully functioning desktop Liqnet app for faster trading
• Liqnet exchange on android and iOS mobile app to help one exchange whenever they desire
• An online wallet with the unique feature of exchanging crypto direct to fiat with just a single click. This is for helping one obtain the fiat liquidity and to hold cryptocurrency.
• The power of receiving crypto as payment with for different work with a unique service with the aim to reduce the risk, fraud and fees.
This is how Liqnet wants to solve traditional market drawbacks and make it better and more efficient.
Services of Liqnet
Being an exchange platform, Liqnet will provide some interesting services. Those services are
• First thing, the classic exchange. The solid experience of trading and can be done with any exchanges.
• The service of Forex is inside Liqnet. One click to change one currency to another. Mainly it would be the pair of BTC/USD
• B2BX is somewhat connected to Liqnet. They are not a product or service but a potential in future.
Roadmap
This is their official roadmap however it might change based on the amount of raised fund on ICO.
Team
LEN Token and ICO
LEN is the token name of Liqnet exchange. LEN token can be used in some ways. A common way of using LEN would be to use as trading fees. With LEN, one can trigger a very small amount of trading. For hardcore traders, it's a good way to spend them. Other than that one can trade them in exchanges. LEN Holders can get some get some interesting perks. One of them is getting the power of voting for listing. The use of the token is very interesting.
Liqnet will hold an ICO for raising fund to make the platform even better. Liqnet ready have a product. But even so to make the product better and to add more services, it will be necessary. Here some details about their ICO
• Token Symbol: LEN
• Token Standard: ERC20
• Total Supply: 63,746,032
• Price of Token: $1
• Accepted Funds: BTC,LTC, ETH, XRP and more
• Soft Cap: $20,000,000(already have a product)
• Hard Cap: $50,000,000
Conclusion
To make trading more efficient, Liqnet has an excellent idea. Already having a product gives them an extra edge from other projects. It already has great potential. After the whole product is complete, there's no doubt it will attract many people to it.
Find out about Liqnet on these links
Website: https://liqnet.io
Facebook: https://www.facebook.com/LiqNet.io/
Twitter: https://twitter.com/LIQNET_official
Telegram: https://t.me/liqnet_official
ANN Thread: https://bitcointalk.org/index.php?topic=3736633.new#new
Whitepaper: https://liqnet.io/static/docs/Liqnet_WhitePaper_en.pdf
My Profile:
Name: Mohammad Sakib
BTT Username: Sakib0194
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1841935;sa=summary
Telegram Profile: https://t.me/Sakib0194
ETH Address: 0x8c26fD54c42B06593258b86b9D0F91CC9e5E64e5
That's a great. It has a nice concept though. Nobody haven't thought anything like this yet.
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Pretty good. I think it has good potential. Liquidity is important.
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