I was wondering if Liqnet has many competitors.
Today, the number of exchanges has grown so much that the market needs unification to be able to continue to develop as a single organism. Users and their assets are split; therefore, liquidity is split, too. Cryptocurrencies should unite people, companies, and financial streams, but the fragmentation of trading over several platforms leads to increased volatility of many cryptographic currencies and assets.
This scares traditional investors away from investing in cryptocurrencies. Low level of liquidity and considerable spreads don't help the development of the cryptocurrency industry. Naturally, exchanges should seek to get into a unified trading place to be able to use the combined liquidity to increase revenue.
The abundance of exchange and trade tools on the market should also be critically reviewed. At first glance, the market is filled with stock and cryptocurrency exchanges. However, when filtered by such parameters as reliability, accessibility for end users (many exchanges are selective in allowing residents of different countries and jurisdictions to trade), ability to trade with required tools (fiduciary currencies included), the choice is narrowed drastically, and the illusion of abundance goes away.
At the remaining optimal exchanges, liquidity will be limited. Therefore, during a market move or when buying or selling a significant amount of funds, a trader risks to fail to get the required amount or get it at an unacceptable price. We solved this problem by uniting liquidity streams from different platforms into one order book.
The basis of the LIQNET project is a secure cryptocurrency exchange. It collects liquidity using both classic methods and a standalone mechanism that uses the in-house LEN technology.
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.
I sincerely hope everything will work just fine. I’ve already participated in the PRE-ICO, also going to participate in the ICO a bit later. Already tried the desktop app, I have to say it’s pretty good.
I have a similar opinion, I have also done the things you’ve done already.
Thank you, guys, for believe in our project! We do our best to be much better for you
What services does LEN technology provide to it’s users?
LIQNET – exchange that gathers liquidity from other exchanges and makes the solution for splitting of users and dusting their volume and prices, featured by the united limit order book (LOB) providing the best deep and prices.
Where can I find an active chatroom of the project?
Join us!
https://t.me/liqnet_official We will be happy to answer any questions you might have
I sincerely hope everything will work just fine. I’ve already participated in the PRE-ICO, also going to participate in the ICO a bit later. Already tried the desktop app, I have to say it’s pretty good.
We do our best! Thank you for joining to LIQNET!
[moderator's note: consecutive posts merged]
