Liqnet is a cryptocurrency exchange that is aimed at uniting people, companies and financial streams together on a single platform also reducing the volatility of cryptographic currency and assets. Through the use of the LEN technology, Liqnet is able to secure the cryptocurrency exchange using both the classic method and the standalone mechanism.
The LEN mechanism make use of an API which allows the collections and combinations of data on a sell and buy request from many cryptocurrency exchange from different location all over the world uniting trades from different platform. The LEN also allows the Liqnet systems to get an improved model from the standard model of the market and also offering liquidity at the intersection of the supply and demand. As a result, the orders of clients on the exchange and from other platform uses a unified order book for keeping transaction records.
The liqnet project is issuing the LEN tokens to attract investors during the Initial Coin Offering (ICO) and the PREICO. The LEN token is an ERC20 based tokens which is issued in partnership with the Como capital. The LEN token is an ERC20 token built based on the ETHERUM network, therefore all users need to convert their tokens into the Etherum and also ETH to tokens by themselves and then transfer them from their wallet to other wallets.
The liqnet investors will make a real profit from their investment and also all token holders will benefit from the LEN tokens because this is not just an idea but a real product which is ready for launch. The LEN token holders will be able to get discounts over all transactions made on the Liqnet cryptoexchange platform, the discount will be offered in an exclusive way where each LEN token holders will get 90% discount on exchange fees depending on the number of tokens spend on it and also the LEN token holders also get access to the voting service.
The LEN technology comprises of three essential services
- Data Collector
- Automated Trading System
- Automated System that allocates and accounts for funds.
LEN is a symbiosis of cryptocurrency exchanges, so it had no problems with integration. The technology allows to skip negotiations with competitors because the services does all the interactions through their existing APIs.
Any cryptoexchange that LIQNET intends to connect to its platform should be checked by LIQNET's specialists of it has a license to work with cryptocurrency.
To connect a crypto exchange to LEN, a user shoukd register an account, deposit some money, and implement a particular LEN module that uses the exchange's Open API, LIQNET also does this operation.
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