1. The LEN Mechanism (Liquidity Exchange Network)

LEN (Liquidity Exchange Network) is what makes our exchange unique. This mechanism allows collecting and aggregating buy/sell orders through APIs of 1,2...n exchanges located anywhere in the world and forming a unified order book.

Особенности

Thus, orders are combined and users can now make deals with best prices and minimal spread.

Особенности

As a result, our users get access to the single order book, in which they see both the orders of our exchange and orders relayed from other platforms. Due to the platform aggregating sufficient amount of liquidity of various tools, it is planned to implement trading of deliverable futures and options for those that have the highest liquidity.

Особенности

LEN allows the LIQNET system to get an improved model from the standard model of market depth that offers added liquidity at the intersection of supply and demand

Особенности

2. ICO with a finished product

https://liqnet.com/ — test our product right now

The trading is accessed through a unique professional web terminal that comprises:

A graph with a multitude of tools for technical analysis
All types of orders and their execution policies
Tools for scalping trading, marketmaking, etc.

The finished product already contains the core with the LEN technology

Q2 — Q3 2018

Connection of MetaTrader 5 and its customization for our service

3. High level of security

The security of the server side has been thoroughly tested.

Q2 — Q3 2018

Desktop apps (own desktop app, MultiСharts, TradingView and MetaTrader 5)

Q4 2018

Fully functional iOS and Android trading apps.

Q3 — Q4 2018

Online wallet with the investor’s personal account that allows to receive, store, send, and automatically convert funds.

Q1 2019

Secure service that allows to receive payments in cryptocurrencies — maximum capabilities, minimum risks

  • Ability to execute a big order at the best price (large market depth)
  • Minimal spreads
  • Ability to trade large volumes without the risk of shifting the market
  • Best prices, minimal spreads, and the biggest volumes all in one place
Traditional Exchange
  • Minimal volumes at the best price
  • Larger spread
  • When trading large volumes, there’s a chance to shift the prices on a particular platform
  • The need to monitor several platforms

Benefits of the token holders:

On the growing cryptocurrency market, our ICO may be one of the few options for investors to enter the cryptocurrency services and exchanges market through a finished elaborated project.

NAME LEN
NUMBER OF TOKENS 63 746 032 LEN tokens
TOKEN PRICE 1 LEN = $1

The token allows to:

Tokens accepted as a payment for the fees discounts and bought out by the platform to avoid excess demand will be destroyed and won't participate in voting.

  • Purchase a discount on fees: one token gives a 0,5% discount on the sum of fees for one day. The discount if activated for 24 hours in the personal account immediately after the withdrawal of tokens or at a particular time. Increment size is 0,5%, the highest possible discount is 90%. The timing of the discount can be chosen in the personal account.
  • Get access to the voting service to make decisions on the following matters:
    • Choice of the trading pairs offered at the exchange: at first, one or two pairs will be available in the system, the token holders choose the first 20 pairs that will be added to the system after the ICO;
    • Choice of the ways of spending 50% of attracted funds;
      • Choice of trading pairs to be added in the future in addition to the pairs that will be added by the LIQNET developers;
      • Increase of the exchange’s marketing budget;
      • Increase of deposits on other exchanges to provide better liquidity for the LIQNET platform;
      • Choice of additional sources of liquidity for LIQNET in addition to the ones added by the LIQNET developers;
      • Buy-out of the tokens on our platform at current prices to support the demand for them thus evading low price token sales and, therefore, the access of users to ultra-high discounts in large volumes, which can lead to a drastic decrease of the volume of the exchange’s fees.

Токены, которые будут приняты в оплату дисконтов комиссий и выкупленные платформой для устранения избыточного предложения, будут уничтожены и не будут в дальнейшем участвовать в голосовании.

Особенности

The infographic is shown for 100% of Hard cap

2015-2016

Development of the trading core, elaboration of the detailed concept of the exchange. MVP has been upgraded to the service, beginning of the tests of the information security model at high continuous loads

2017

Development of a professional trading terminal, preparation for the launch of the project, the idea of an ICO

DECEMBER — 2017

The trading core that aggregates liquidity from at least three sources, a web-based trading platform.

JANUARY — 2018

Rework of the platform’s site

Pre-sale May — 2018

Testing the core under high load, the number of sources of liquidity is greater than 10, the number of orders is more than 500 per second.

ICO May — 2018

Testing the core under high load, the number of sources of liquidity is greater than 10, the number of orders is more than 500 per second.

Q2-Q3 — 2018

Purchase of the MT5 license and its customization for our service.

Q3 — 2018

Connection of additional payment systems allowing you to replenish the balance from MC, Visa, Union Pay plastic cards, possibly, connection of PayPal and other payment systems.

Q3-Q4 — 2018

Launch of an online wallet with the investor’s personal account and the functions of receiving, storing, sending funds, automatic convertion.

Q4 — 2018

Improvement and bugfixing of the iOS and Android apps.

Q1 — 2019

Launch of the Internet acquiring service, actualization in the part of interaction with various cryptocurrencies on the current date.

Q2 — 2019

Launch of the merchant acquiring service.

Q2 — 2019

Start of the margin trading/shipment futures trading.

Q2 — 2019

Launch of the platform used to trade third-party tokens during ICOs (in a separate jurisdiction).

Roman Shirokov Project Manager
Vyacheslav Kasatkin Co-founder of the project
Evgeniy Tarasenko Co-founder and technical manager of the project
Andrey Aydishev Developer
Andrey Lazarev Developer
Ksenia Shirokova System analyst
Stanislav Elishev Business analyst
Maxim Bezmen PR-specialist
Anton Schneider Lawyer
Roman Shirokov

Project Manager. He has 9 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.

Vyacheslav Kasatkin

Co-founder of the project. 9 years of business experience in finance, management of international projects. Experience in the field of cryptocurrency projects since 2013. Higher economic education.

Evgeniy Tarasenko

Co-founder and technical manager of the project. 11 years of experience in the field of information technology. Head of an IT company. 9 years of experience in management positions in public and private organizations. He began his career as an information security engineer. Head of various projects on the integration of state organizations (Federal Tax Service of the Russian Federation with the TSIIP), projects on the integration of different soſtware and hardware complexes (one example is the queue management system for Sberbank of the Russian Federation), projects on the development of automated systems for private and public companies, security, automated trading systems and so on. Managed the development of MVP in many startups. Higher technical education.

Andrey Aydishev

Developer. Experience in the field of information technology - 5 years. Five years of experience working with projects for the West Ural Bank of Sberbank of Russia, Nomos-Bank, the Social Security Fund of the Russian Federation, the Pension Fund of the Russian Federation, chain stores Eldorado, M.Video, Pepsi, SunInBev, RGS-Life. Participation in the development of MVP for various startups, organization of teamwork on projects. Higher technical education.

Andrey Lazarev

Developer. Experience in the field of information technology - 7 years. Participated as a developer in many significant projects of the "Technologies of road safety" LLC. Also has experience in administration of application servers within projects, administration of database servers, administration of Linux servers (Ubuntu, OpenSuse, Astra Linux). Participation in the development of MVP for several projects in the field of cryptocurrencies. Higher technical education.

Ksenia Shirokova

Is an expert in innovative development; she is the system analyst of the project. Experience in IT projects - 4 years as a developer, including databases, four years worked as a business and system analyst. Participation in projects for the CBR, Sberbank, DIA, Federal Customs Service. Within the framework of her projects, she collected, analyzed and coordinated requirements, participated in the design of data warehouses and data marts. She also has experience in writing project and technical documentation, setting tasks for development, in drafting recommendations and monitoring testing and commissioning. 2 years of experience in the field of cryptocurrencies. Higher technical and higher economic education.

Stanislav Elishev

Is a business analyst, he analyzes the dynamics of asset prices, analyzes the effectiveness of the market, and also participates in the study of the economic and financial component of the project. He has experience in developing trading strategies, calculating economic models for real sector projects, calculating models for assessing credit risk (for the PJSC "Inter RAO" energy company), experience in the field of cryptocurrencies in the developmen of a trading algorithm on the basis of which a mechanical trading system is implemented, which is trading simultaneously on several platforms. Higher economic education (master's).

Maxim Bezmen

PR-specialist. He has 5 years of experience in conducting and developing the advertising and PR activities of Internet projects. Within the framework of the project, he designs and leads PR campaigns, develops corporate styles, POS materials, printing products, mock-ups for outdoor advertising, analysis of competitors, including monitoring of their advertising manifestations. Higher education.

Anton Schneider

Is a lawyer who is involved in the legal support of the project concerning analyzing the legislation of different jurisdictions, developing documentation, creating subsidiaries and connecting payment systems. Has four years of experience in support of international projects. Higher legal education.

Theodosis Mourouzis
Is a Research Fellow at the University College London Centre of Blockchain Technologies and Program Director of Business Analytics at the Cyprus International Institute of Management.
Krystelle Galano
A bachelor of the University of Manila, an expert on SMM, has many years of experience working with cryptocurrency and blockchain projects.
Dr. Stylianos Kampakis
Dr. Stylianos Kampakis is an expert data scientist, member of the Royal Statistical Society, honorary research fellow at the UCL Centre for Blockchain Technologies and startup consultant living and working in London. A natural polymath, with degrees in Psychology, Artificial Intelligence, Statistics, Economics and a PhD in Computer Science he loves using his broad skillset to solve difficult problems. Dr. Kampakis blog: http://www.skampakis.com/.
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Registration/login guide

Open the registration/login form. Enter your email and password to log in. To register, enter the real passport data into the form, the email and come up with a password.

Please do not use a simple password. You will keep your funds on this account, so it is very important to choose a reliable and long password.

After the registration, a letter with a link to activate the account will be sent to the e-mail address provided.

Email from LIQNET is not arriving

Contact the customer support service at https://liqnet.freshdesk.com or describe the problem in a letter to [email protected].

How to start trading

From the point of view of the logic of use, trading on the LIQNET exchange does not differ in principle from that on other cryptoexchanges. Register on the site https://liqnet.com, top up the balance and start earning!

Balance replenishment

You can top-up the balance in your personal account at https://liqnet.com.

Where to see your balance

At the top of the screen, the balance for the current pair is displayed:

If you click on it, a form with balances will open for all accounts of the user. More detailed information can be found in your personal account.

What should I do if my account is hacked?

Contact the customer support service at https://liqnet.freshdesk.com or describe the problem in a letter to [email protected].

How LIQNET differs from other exchanges

Liquidity for the LIQNET exchange is collected both by classical methods and by a separate mechanism based on the LEN technology of our own design. The LEN mechanism (Liquidity Exchange Network) collects and consolidates LIQNET exchange clients orders and orders from third-party platforms into a single order book and makes them available for trading to all LIQNET clients.

Will there be an opportunity to trade for fiat currencies?

Yes, there will be.

What is the LEN technology?

LEN is a mechanism that allows you to collect and aggregate data on buy/sell requests through an API from a variety of cryptoexchanges located anywhere in the world and form a single order book.

LEN aggregates orders into a single stream, so users can make deals at the best prices with a minimum spread.

LEN allows the LIQNET system to obtain from the standard depth model an improved model with additional liquidity at the meeting point of supply and demand.

As a result, LIQNET users work with a single order book, in which both the orders of the clients of this exchange are presented, as well as retranslated orders from other sites.

Where to buy the LEN tokens

During the ICO period, the LEN tokens can be purchased in the LIQNET User Account. To do this, create an account or log in to the already created user account at http://liqnet.io.

Prospects for the growth of the exchange value of the LEN token

The exchange value of the LEN token will be determined in accordance with the demand and supply for it. The more users of the LIQNET platform, the more participants need the LEN tokens. The company does not give any forecasts and does not participate in the formation of the value of the tokens. For more information, see the White Paper.

When and where it will be possible to trade the LEN tokens

Trading tokens will be possible at LIQNET after the ICO.

Technical information on the LEN tokens
  • - 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.
How to connect an exchange or other project to LIQNET

LIQNET independently chooses and connects other exchanges or projects to itself. The choice is influenced by the holders of the tokens through voting.

I am a major investor / journalist / representative of the exchange / potential partner. How do I contact LIQNET?

You can contact the LIQNET team by e-mail [email protected]. Describe your question, and it will be answered by an appropriate specialist.

Links to the main documets
How to participate in the LIQNET's ICO

To participate in the LIQNET's ICO, register at https://liqnet.io, go to your personal account https://my.liqnet.io/login and follow the instructions.

Strategy if insufficient funds are raised at the ICO

Soft cap — $20 million. Hard cap — $50 million.

If 95% of Hard cap is collected, the development of the acquiring service will be postponed until the moment when the necessary funds are earned on the commissions of the exchange.

If 90% of Hard cap is collected, the development of online wallet will also be postponed until the moment the necessary funds on the commissions of the exchange are earned.

If 40-90% of Hard cap is collected, the working capital will be proportionally reduced from 65% to 50%, while the proportion of other RM items will be proportionally increased.

LIQNET's ICO dates

PRE-ICO — 07.05.2018 — 27.05.2018

ICO — 28.05.2018 — 28.08.2018

Distribution of the investments

LIQNET's specialists are interested in creating the most profitable product, effectively using all the resources. Of particular importance is the development of a financial strategy and openness to investors. This schedule reflects the distribution of funds from ICO investors and is fair for fees of one hundred and more percent of Soft cap:

1. Circulating capital, because to supply the execution of orders, assets must be placed on platforms that generate liquidity. 65%
2. Registration of subsidiaries to have access to cryptocurrency platforms in closed jurisdictions. 5%
3. Connection of currency gateways. 0,5%
4. Connection of additional payment systems that allow to accept payments made with MasterCard, Visa, and Union Pay. It is also possible to add PayPal and other similar systems. 3%
5. Equipment — purchase of spaces in data centers, equipment, and required software and subscription to its technical support, visits of the company's specialists to data centers to set up the systems safely. 2%
6. Connection and customization of professional trading apps — own desktop app, MultiCharts, МТ4, МТ5, and others. 2%
7. iOS and Android apps with a full personal account and with extensive trading capabilities. 1%
8. Online wallet with the ability to exchange cryptocurrencies and fiat money with a push of a button and with the integration of the simplified service of cryptocurrency investing using paid and free built-in strategies, development of mobile apps. 5%
9. Acquiring service — development, connection of maps, improvement of the payments receiving app, payment terminal, etc., development of iOS and Android acquiring apps (the app is installed on a smartphone, it can scan QR codes and allows to accept payments for goods and services in cryptocurrencies). 5%
10. Team expansion. 4%
11. Participation of the team in international conferences on specific subjects (fintech, the blockchain, Bitcoin, information security, engineering development). 0,5%
12. Improvement of speed, quality control, and information security of development processes of existing and additional components of the service by purchasing products of third-party companies, hiring design studios and testing teams. 2%
13. Marketing and advertising — to reach target audiences, widen the presence and increase popularity in various regions, study regional specifics, get formal independent assessments of trust for and stability of the company. 5%
Total: 100%
Bounty

Read the terms and conditions of the bounty program here:

About the company and employees

The company LIQNET is registered in Singapore - a jurisdiction with one of the most stringent and advanced legislations in the field of ICOs. Compliance with the requirements of Singaporean regulators ensures the company's reliable work not only on the local, but also on the international markets. Our global strategy is strict adherence to the laws of the most stringent jurisdictions. This is the best protection for LIQNET's customers, regardless of where they are located.

The legal address of the main office of the company: 10 Maxwell Road, # 09-17 Maxwell House, Singapore (069113).

You can learn more about the main members of the LIQNET team in the corresponding section of White Paper.

Rules and policies
Information for residents of the United States, Singapore and other jurisdictions with the regulation of the turnover of tokens/cryptocurrencies

To purchase the tokens, if required under the laws of your country, you must confirm that you are not an affiliated person or representative of the United States, Singapore, Canada, China, South Korea, or any other related jurisdiction, and provide all necessary documents for the KYC procedure at the request of the company, as described in paragraph 8 of Token Sales Agreement.

IMPORTANT! This information applies to citizens, residents and tax residents of the United States. In accordance with the requirements of US regulators, including the SEC, registration in our system is only possible for qualified investors. After getting a confirmation through the link https://adviserinfo.sec.gov, we ask you to enter your ID in the SEC system so that you can go through the registration.

Glossary

Arbitrage is multiple logically related transactions aimed at extracting profit from the difference in prices for identical or related assets at the same time in different markets (spatial arbitration) or in the same market at different times (temporary arbitration, ordinary exchange speculation).

Order book is a table of limit orders for the purchase and sale of assets on the stock or cryptocurrencies market. Each application contains the price (quotation) and the number of units of the asset.

Volatility is a statistical and financial indicator that characterizes the variance of a price.

Market depth is an assessment of the volume of transactions on a particular market, conducting which does not cause a change in prices.

Derivative is an agreement between two parties under which they assume an obligation or acquire the right to transfer a particular asset or amount of money within a specified time (or before its occurrence) at an agreed price. "Derivative" is a general name for a class of derivative financial instruments (examples of derivatives: futures, options).

Closed jurisdiction is any territory whose current legislation, in one way or another, creates restrictions on the activities of companies and individuals from other jurisdictions, in particular in the financial sphere, and in particular in the field of turnover of cryptocurrencies and related services. Closed jurisdictions may also include regions, access to which is limited due to the specifics of the market and the positions of those already operating in such a domain.

Clearing is an activity to define and set off mutual obligations of participants in the stock or cryptocurrency market.

Cryptocurrency acquiring is a technology that is a sort of acquiring and allows you to accept cryptocurrencies in online stores or real outlets.

Liquidity is the ability of assets to be quickly sold at a price close to the market price.

Volume of a trading position is the size of an order to buy or sell an asset.

Option is an agreement whereby the buyer of the option (potential buyer or potential seller of the underlying asset: commodity, security, cryptocurrency) receives the right, but not the obligation, to buy or sell the asset at a predetermined price at a specified time or period. In this case, the seller of the option must sell the asset accordingly or buy it from the option buyer per its terms.

Order is an order to buy/sell an asset at a price that is specified in advance, or at a better price.

Spread is the difference between the best prices of requests for sale (ask) and purchase (bid) of some asset at the same time.

Cross-section is a copy of the data for a period or at a particular point in time.

Fiat, fiduciary currencies are money, the nominal value of which is established and guaranteed by the state, regardless of the value of the material from which it is made, or their provision with a particular resource.

Futures is a contract between the seller and the buyer which provides for the delivery of a specific product, shares, services or cryptocurrencies in the future at a price fixed at the time of the conclusion of the futures. The parties bear obligations to the stock exchange up to the execution of the futures.

CFD-contract (contract for the price difference) is an agreement between two parties - the seller and the buyer - on transferring the difference between the current value of the asset at the time of entering into the contract/opening the position and its value at the end of the contract/closing position. TradingView,

>Multicharts, MT5 (MetaTrader 5) are trading terminals from third-party developers.

LIQNET Security

To ensure the security of user data and tools, we implemented the following protective measures:

  • - two-step authentication;
  • - system of replicated geo-distributed servers with the possibility of scaling;
  • - geo-distributed array of hot, conditionally hot, cold wallets, as well as addresses with a multisignature for each cryptocurrency;
  • - a background clearing system that checks the correctness of current balances and I/Os between full cross-sections, and when a discrepancy registers a dangerous state, it transfers funds to cold wallets and multisignature addresses.
LIQNET accounts in instant messengers and social networks

Customer care is the main principle and reason for the existence of LIQNET.


LIQNET's clients can receive information about the project through the most convenient channels online. Join our groups, communicate with company representatives and other users:


How to profit from the LEN tokens if I do not trade on the exchange?

The LEN token holders receive a discount on the exchange's commission of up to 90% and gain access to the voting service to take part in making decisions on a number of key issues. The clear benefits of owning tokens provide the demand.

The exchange value of the LEN token will be determined in accordance with the demand and supply. The more users of the LIQNET platform, the more participants need LEN tokens.

Additionally, based on the results of votings of the token holders, it is possible that a buy-out of tokens at current prices at LIQNET will be done to ensure the demand in order to avoid sales at low prices and access to ultra-low discounts in huge volumes.

How will LIQNET make profits?

LIQNET's earnings are based on the commission for trading cryptocurrencies and own arbitration.

Does LIQNET have competitors?

We are the first. By the second quarter, LIQNET did not have a single efficient competitor on the global market. Exchanges-aggregators are being developed and sooner or later will open for traders, but by this time LIQNET will gain valuable experience and a large client base.

Has LIQNET already connected the largest exchanges?

LIQNET will connect to exchanges as their client. To connect, you must deposit funds and receive trading limits. This is exactly why the funds are being collected through the ICO.

Why will large exchanges connect to LIQNET?

LIQNET gives them an additional volume of transactions. It is beneficial to all.

Will LIQNET receive permission from the Singapore Securities Commission to issue securities?

This is not required, since LIQNET issues Utility Tokens (the company issues them to customers to finance their future purchases, utility tokens do not perform the function of securities).

Why is the mostly Russian team in Singapore?

In recent years, Singapore has done a great job of creating legislation that meets the most modern requirements of the cryptocurrency market. Strict laws of Singapore are primarily aimed at protecting traders, so LIQNET wants to meet the advanced requirements of local regulators, working ahead of time for most other jurisdictions. We are proud of this.

The office in Singapore allows LIQNET to respond quickly to changes in both the legislative and business landscapes, because there is a very high concentration of blockchain projects and specialists there. This is the best place to conduct a global business in cryptocurrency trading.

Does the office in Singapore function or was it created for the sake of a legal address?

At the moment, LIQNET has decided on the opening of a legal entity in Singapore. We are planning activities and recruiting specialists. Among their tasks will be marketing, strategic planning, investor search and technical support. The opening of the office is scheduled for the 4th quarter of 2018.

In the current active phase of preparation for entering the market, we decided to concentrate the entire team, including founders, developers, marketers and managers, in Russia. This allows us to minimize delays between decisions and their implementation. In the future, remote offices of LIQNET will be united by round-the-clock communication using advanced technologies of corporate interaction.