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. Liquidity for the exchange is collected both by classical methods and by a separate mechanism based on the LEN technology of own design. This approach will provide users with the best market depth, competitive transaction fees, and low spreads. LIQNET product is already functional, while the funds raised during ICO will be used to enhance it with new features and ensure exponential growth.
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. LIQNET is a cryptocurrency exchange that aggregates liquidity from different exchanges across the internet. For example a sell order for a certain cryptocurrency may be placed on one exchange and a buy order may be placed on another exchange.Its main goal is to reduce the bid/ask spread, while provide the highest liquidity across multiple order types and markets.
The existing crypto exchanges do not solve the problem of dividing liquidity between platforms. The problem is pressing and discourages traditional traders from participation in the crypto trading, so the LIQNET solution is important for the development of the cryptocurrency industry. Another advantage of the project is the working beta version of the trading platform (Liqnet Trading Platform). The project is developing a cryptocurrency exchange that pools liquidity from different platforms into a single order book with better pricing.
The project has few direct competitors. LEN is not an exchange in the established sense as it connects the trading platforms into a single network via APIs and pays them a commission for processing transactions. All trades go through the respective exchanges and increase their trading volumes. The operating company does not have state licenses for the provision of financial services, which deprives the project of the opportunity to carry out operations with fiat and financial instruments.
The inspection also flagged several security issues. Clients’ money is not stored in a single place (it is spread across hot, conditionally hot, and cold wallets and multi-sig addresses for every cryptocurrency), but the team did not provide auditors with server test results. The audit of smart contracts was not conducted either. The total monthly trading volume of the top-10 exchanges is more than $ 500 billion. Binance is number one in terms of trading volume of $ 130 billion, HitBTC is the 10th with a volume of $ 19.5 billion. LIQNET plans to cooperate with classic crypto exchanges with the help of the LEN mechanism, turning competitors into partners. LEN connects to exchanges using their open APIs, and trades through them, increasing the turnover of the exchange and paying a commission for each transaction.
Business Model LIQNET
The LIQNET platform collects orders from other exchanges and offers the user a large orders selection. The LIQNET commission is added to the commission of the exchange, the order of which is being executed. However, profitable exchange rates with a minimum spread, discounts on commissions and high liquidity will cover increased commissions.
Roman Shirokov, LIQNET CEO:
“The exchange pools liquidity using both conventional methods and a dedicated mechanism based on proprietary LEN technology. LEN enables the LIQNET system to improve the standard depth-of-market model to source additional liquidity where demand meets supply.”
Yevgeny Tarasenko, chief technology officer at LIQNET:
“We are all united and inspired by a single common cause, with the team members being on the same page about how to further it. Each project stakeholder is not just a professional but part of a team, which is why we are moving forward in a concerted and swift manner.”About the Company LIQNET
LIQNET was incorporated in 2015 by financiers and entrepreneurs Roman Shirokov, Vyacheslav Kasatkin and Yevgeny Tarasenko as a result of a detailed analysis of the problems of the exchange market. The project’s aim is to set up a unique and reliable exchange, which can pool liquidity from competing platforms and solve the problem of market fragmentation.
At an early stage of development, the LIQNET exchange was presented to the blockchain and crypto community at the investment forum in Hong Kong “Invest WEEKEND” and at the “World Blockchain Forum” in Dubai, where it received a positive response.
For more information, please click the link below :
Website : https://liqnet.io/
Whitepaper : https://liqnet.io/static/docs/Liqnet_WhitePaper_en.pdf
Telegram : https://t.me/liqnet_official
Twitter : https://twitter.com/LIQNET_official
Facebook : https://www.facebook.com/LiqNet.io
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