LIQNET.COM is a Singapore-based crypto exchange. But really it’s very different from any exchange you’ve seen before. More correctly would be to call LIQNET an exchange aggregator. LIQNET collects orders from other crypto exchanges into one single interface and allows users to trade at the best prices and large volumes. So why is liquidity important? It is very difficult to get liquidity in a bear crypto market and this why now is the best time for LIQNET to shine. For the user low liquidity basically means that you will not be able to buy or sell a significant amount of coins and miss out on profits or even lose money.
According to research conducted by the Blockchain Transparency Institute, more than 80% of the volume exchanges show is faked. Think about it – 80%. This is a huge percentage. These exchanges are trying very hard to show that they are active and they have users and liquidity. Well, LIQNET is thinking outside the box here and disrupting the market with their own liquidity pooling technology. So in effect, LIQNET is not trying to replace traditional exchanges, but rather to improve user experience through offering a better trading terminal and more options for users, as well as better prices. LIQNET allows for additional trading instruments some other exchanges don’t have, such as take profit, trailing stops, Iceberg, IFD, OCO, IFDOCO orders and more.
LIQNET is a meta-exchange that collects orders from other exchanges through open exchange APIs and allows them to be traded in one place. In addition to the obvious convenience, this functionality greatly increases liquidity for LIQNET clients, and this is an increase in trading speed and, as a result, traders’ profits. LIQNET uses public APIs of other crypto exchanges to collect purchase and sale bids into a single order book. This allows users to get the benefit of trading on several exchanges, eliminating traders’ nuisances such as slippage (the difference between the expected price of a trade and the price at which the trade is actually executed).
Considering that 2018 was the worst year for exchanges in terms of amount of crypto stolen, LIQNET pays special attention to its security. For the server part, they use a geo-distributed private cloud, while the client part consists of a web terminal. They cooperate only with experienced and reputable players, and each version of the exchange is subject to a strict independent security audit. There is a two-factor authentication, KYC through a reliable partner.
LIQNET issues their own utility token LEN. Token holders will receive a discount of up to 90% on exchange fees. Also, holding tokens grants you voting rights like choosing what trading pairs appear on the exchange and ways to spend collected commissions. Finally, LEN is a utility token, and exchange tokens with utility have good growth potential if the project has strong fundamentals and an experienced team.
In 2018 LIQNET took part in almost all major conferences in order to introduce the exchange to top industry participants: Crypto Valley Conference July in Zug, Switzerland, Amsterdam Blockchain Expo 2018 in June, Block Show Europe 2018 in Berlin and of course the Consensus 2018 in New York.
“We collected feedback from traders and based on their problems and pains we came up with LIQNET” – said Roman Shirokov, founder and CEO of LIQNET. “It was important for us to have a working product before we proceeded with our tokensale so potential investors could see we were legit and actually working hard to change the crypto industry”.
LIQNET was founded in 2015 by Roman Shirokov, Vyacheslav Kasatkin and Yevgeny Tarasenko. All of them have a proven track record in finance, stock and forex trading and information technologies. LIQNET holds the following EU financial services licenses: FVR000351 Providing services of exchanging a virtual currency against fiat currency, FRK000292 Providing a virtual currency wallet service, FFA000281 Operating as a financial institution.
ICO website: liqnet.io
Exchange website: liqnet.com