LIQNET CRYPTOCURRENCIES CONNECTOR.
liqnet·@samken1·
0.000 HBDLIQNET CRYPTOCURRENCIES CONNECTOR.
tool, which allows to collect and combine orders of our exchanges clients and orders from third-party platforms into a single order package and make them available for trading by all LIQNET's client. 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 on 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 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 arrowed 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 orderbook. **LIQNET SOLUTIONS** Thebasis of the LIQNET project is a secure cryptocurrency exchange. It collects liquidity using both classic methods and a stand alone mechanism that uses the LEN 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 any where 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  LEN allows the LIQNET system to get an improved model from the standard model of marketdepth. The new model offers added liquidity at the intersection ofsupply and demand. Below diagram respectively  As a result, LIQNET users work with a unified order book, which contains both orders of clients of this exchange and orders relayed from other platforms.  The server side of the LIQNET platform is a private cloud, which is composed of physical servers in several locations and client terminals (currently, one terminal for web browsers).The security of the server side has been thoroughly tested.   The LEN technology comprises three essential services: 1. Data collector 2. itemAutomated trading system (provides hedging of clients deals at"external"platforms) 3. Automated system that allocates and accounts for funds (provides positive balances at"external"platforms, accounts for profitability as an additional control tool of an automated trading system) The server side of the system comprises several services (apps), which have different functions. The LIQNET platform uses cluster databases: all financial data is saved to several servers and can be replicated between locations.Thereby, the system is ready to be scaled. Cryptocurrency storage and accounting system are worth pointing out.They comprise the following sub-systems: *Platform's internal cryptocurrency storage system (a geographically spread out array of hot, conditionally hot, and cold wallets and multisig addresses for every cryptocurrency ) * Background clearing service (validates current balances and inputs and outputs between full cross-sections,and if there's an inconsistency,it registers the dangerous state and transfers the funds to cold wallets and multisig addresses) * External cryptocurrency storage system LEN Funds Manager (accounts for circulating capital distributed among exchanges, allows to transfer cryptocurrencies between exchanges and the platform) * Circulating capital, earned fees, storage locations,and transfer limits accounting system.  **ICO PROCEDURE** The LIQNET project attracts investments by issuing its own LEN token and holding an Initial Coin Offering (ICO). The emission of the token is limited and has zero inflation, itcomplies with the popular ERC20 standard, and is issued in partnership with Como Capital, the author of the exclusive smart contract SmartEscrow that shows data on the processor the tokens distribution. The target a mount attracted during the ICO is from $20 to $50 million. The tokens can be purchased with Ethereum(ETH), Bitcoin(BTC), Bitcoincash (BCH), Z cash (ZEC), Lite coin (LTC), Ripple (XRP), or Waves. Depending on the size of collected investments, the tokens will be distributed as follows: *93.56%— ICO investors * 0.94%— private offering * 2%— bounty campaign * 3.5%— advisors. **STRATEGY IN CASE OF INSUFFICIENTFUNDS ARE ATTRACTED DURING THE ICO** If 95%of the Hardcap is collected— development of the acquiring service will be postponed until enough money is earned on exchanges fees. If 90% of the Hardcap is collected— development of the online wallet will also be postponed until enough money is earned on exchanges fees. If 40%-90% of the Hardcap is collected— the share of the circulating capital will be proportionally decreased from 65% to 50%, and the share of the other RM items will be proportionally increased. **LEN TOKEN DESCRIPTION** Token Ticker symbol: LEN Standard: ERC20 Maximum number of tokens (given all tokens are distributed in the first three days ): 63746032 Price of one LEN token: $1 Payment methods:ETH, BTC, Bch, ZEC, LTC, XRP, Waves, USD During the ICO,the required amount of tokens will be generated automatically. **THE BLOCKCHAIN** The blockchain technology is based on the distributed computer network with cryptographic based security and a particular protocol of network nodes interactions— accumulation of information in a block and it's further verification by all nodes. **THE EXCHANGES** Today, the process of conversion of one cryptocurrency into another or into a national currency is done in two ways: 1. through payment systems wallets (an analog of traditional bank conversion operations) 2. through specialized platforms where these tools are traded— the exchanges. **ROADMAP** 2015-2016— development of the trading core,elaboration of the detailed concept of the exchange. MVP has been upgraded to service, beginning of the testing of the information security model at high continuous loads 2017— development of a professional trading terminal, preparation of the project for the launch, idea of holding an ICO December 2017— trading core that collects liquidity using both classic methods from atleast three sources, trading web platform **January 2017**— release of own desktop app **April 2018**— the end of the development of LIQNET **April–May 2018**— testing the kernel under highland, the number of sources of liquidity is greater than 10, the number of orders is more than 500 per second **PreSale** 07.05.2018–20.05.2018 **ICO** 21.05.2018–17.08.2018 Q2–Q3 2018— purchase of the МТ5/Multicharts license and its customization for our service. Q32018— connection of additional paymentsystemsthatallow making deposits from MC, Visa, Union Pay cards; possibly connection of PayPal and other systems Q3–Q4 2018— launchoftheonlinewallet with the investor's personal account and the funds receiving, storing, sending, and automated conversion functions Q4 2018— improvement and debugging of trading apps for Android and is (the prototypes of the solutions already exist) Q1 2019— launch of the Internet acquiring service, actualization in the part of interaction with various cryptocurrencies on the currentdate Q22019— release of the merchant acquiring service Q22019— start of the margintrading/shipment futures trading End of 2018–Beginningof2019— launch of the Internet acquiring service platform used to trade third-party tokens during ICOs (in a separate jurisdiction) **PROJECT TEAM**  RomanShirokov Project Manager. He has nine years of experience in finance, stock, and currency markets. Head of an investment company. Experience in the field of cryptocurrency projects since 2013. Higher technical education. RomanShirokov https://www.linkedin.com/in/roman-shirokov-a11586154/  Vyacheslav Kasatkin founder of the project. Nine years of business experience in finance, management of International projects. Experience in the field of cryptocurrency projects since 2013.Higher economic education.  Evgeniy Tarasenko EvgeniyTarasenko-co-founderand technical manager of the project.11years of experience in the field of information technology. Head of an ITcompany.Nine years of experience in management positions in public and private organizations Vyacheslav Kasatkin https://www.linkedin.com/in/viacheslav-kasatkin-6967a0156/  Andrey Aydishev Developer.Experience in the field of information technology-5years.Five years of experience working with projects for the West Ural Bank of Sberbank of Russia, Nomos-Bank. **ADVISORS**  Theodosis Mourouzis Isa researchers at the University College London Block Center and Program Director of the Graduate School of the Cyprus International Institute of Management, Managing Director of Cyprus Blockchain Technologies. Theodosis Mourouzis https://www.linkedin.com/in/theodosis-mourouzis-phd-58556a15/  Krystelle Galano A bachelor of the University ofManila,an expert on SMM, has many years of experience working with cryptocurrency and blockchain projects. KrystelleGalano https://www.linkedin.com/in/krystelle-galano-15940610b/ For more information Official Site: https://liqnet.com WhitePaper:https://liqnet.io/static/docs/Liqnet_WhitePaper_en.pdf ICO:https://liqnet.io Published by samken Bitcointalk profile ID: https://bitcointalk.org/index.php?action=profile;u=2024364