ِAn overview of the World Book
Through this we will learn about what the project and what the advantages of the project that will develop the process of trading in digital currencies.
We should admit that there is a problem that exists in some digital currencies and is the problem of liquidity,
Simply , Liquidity describes the degree to which an currency can be quickly bought or sold in the market without affecting the currency's price so we can called it ' buy and sell quckly without any barriers '
:: World Book idea ::
The idea enables all trading platforms to be partners and not competitors in order to assist the investor and develop the trading process, meaning that all the sales and purchase ( Book Order ) offers are collected from these platforms and placed in the world book and it will be in liquid.plus?
This will provide a very high liquidity for all currencies Both, so the World Book brings together the network of cryptocurrency exchanges to enable the highest level of liquidity to all market
:: Components of World Book ::
The world book is Consists of two order book :
Internal Order Book: An order book that contains FX-adjusted orders for all orders placed by users of the World Book.
External Aggregated Order Book: An order book that contains all currencys adjusted that exist throughout the world other than those placed in Internal Order Book
See The image below :
:: World Book Features ::
Multi-Market Order Book
As mentioned above, the sales and purchase offers will be collected from different platforms , so the LIQUID Platform’s World Book offers a multi-market order book that aggregates the [orders /prices] on world’s various liquidity sources into a single highly liquid tradable order book
Trading in the quote currency of your choice
Some traders suffer from the inability to calculate the price of the currency for their country's currency,
or the Singapore residents are need to trading Bitcoin against the Singapore currency, which is difficult, but with the WorldBook this problem has been solved , so you can choose the Quote Currency as you want
Example :
A German trader (A) wishing to sell BTC (Base Currency) can choose to see the World Book for BTC in EUR (their Quote Currency).
When they place an order in the World Book, they see their order enter the BTC/EUR market, and the order’s price is reflected in their orderbook in EUR. While, a Singapore trader, using the World book,will see the entire order book in their own currency of choice, likely SGD .
See the image below :
Smart Order Routing (SOR)
It means the ability to automatically search for your order on any trading platform.
Example :When an order is placed on the World Book, and no match is available internally, the Smart Order Routing Technology checks to see if there is a match available on another exchange. If so, it automatically routes the order in the currency of the order on the other exchange.
:: Problems Solved ::
As we know above, that the WorldBook will solve the liquidity problems and will also solve the problem of Underserved Markets .
it will be easy to access all the order book of trading exchange in a much less time than we are now , What is happening now is that mobility between platforms costs money and time, for example : someone get liquidity at one exchange in one currency pair (e.g. BTC/USD at exchange A) cannot easily access the opposite liquidity if it exists on another exchange (e.g. BTC/EUR at exchange B).
Underserved Markets are smaller markets that, in isolation, are not yet big enough to support their own liquid Crypto Token.
So the two problems are solved by connecting the orderbook of exchange into a single point of liquidity, and by allowing the order book to be priced in any of the major currencies and many minor currencies.
See more At : liquid.plus?
WorldBook Will Be Good For All
This is an overview of the project, and i believe that a huge project will provide excellent solutions for trading in the world of crypto currencies, and I think we will see this year a huge success of the project, which will be admired by many people and will develop a great development in the world of trading ..
you can know more by visiting the official website:
liquid.plus?