Is Liqnet going to combine different orders so the price is lower and the speed is faster.
Sure) LEN is a mechanism that through an API allows to collect and combine data on requests to sell/buy from many cryptocurrency exchanges located anywhere in the world and to form a unified order book. LEN aggregates requests into a single stream, and because of that users can make deals at the most favorable price with a minimal spread.
What does LEN token stand for? I mean, the name.
Letter code of the token on the exchange: LEN
- Standard: ERC20
- The maximum number of tokens (provided that all tokens will be sold in the first three days): 63,746,032. After the PreICO, the number of tokens issued can be recalculated depending on bonuses and fees.
- The price of one LEN token is $1
- Payment options: ETH, BTC, BCH, ZEC, LTC, XRP, Waves
- During the ICO, the required number of tokens will be created automatically.
- Link to the ICO website:
http://liqnet.com/. After registration, the participants will have the address of the smart contract.
- The mechanism for destroying tokens: the unused tokens are destroyed using the mechanism described in the smart contract.
[moderator's note: consecutive posts merged]