LIQNET PreICO Has Started
Originally published on: CoinSpeaker
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May 17, 2018
The first round of fundraising will run in parallel with the open testing of the new exchange that will enable all LIQNET users to personally see the advantages of the exchange’s innovative multi-exchange liquidity collection mechanism based on the proprietary Liquid Exchange Network (LEN) technology.
LEN aggregates orders from the exchange and other platforms into a single order book and makes them available to all LIQNET customers. Thank to that, traders can buy and sell at the best prices and with a minimum spread.
For the purpose of expanding the business, LIQNET is releasing LEN tokens. Their holders enjoy the following benefits:
- Discount on commission – each token entitles its holder to a 0.5% discount on the total commission amount. The discount is activated for 24 hours in the user account immediately after tokens are written off or by a particular time. The step of the discount is 0.5% and the maximum commission is 90%. The discount period can manually set in the user account.
- Access to the voting on the following topics:
- Selection of new currency pairs;
- Selection of commission spending methods.
Until May 27, 2018, LEN tokens can be purchased with a bonus of up to 100%:
- For purchases up to $10,000 — 60% bonus;
- For purchases of $10,001 to $49,999 — 80% bonus;
- For purchases of $50,000 and more — 100% bonus.
The ICO will take place from May 28 until August 28, 2018. The target amount for the ICO is 20-50 mln USD. Tokens can be purchased with Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Zcash (ZEC), Litecoin (LTC), Ripple (XRP) and Waves.
During the first three days of the ICO, investors will also get an additional 40% bonus to their tokens, 20% during the following three days, and 10% during the following four days. Going forward, tokens will be sold without bonuses.
The number of tokens is limited. Investors will get their LEN tokens within 5 days after the completion of the ICO and will be able to withdraw them to their private wallets.
Roman Shirokov, CEO and Co-Founder of LIQNET:
“We created an integrated trading platform to improve the trading experience and liquidity for the purpose or raising our users’ profits. Our product is the first of its kind. The team found it it be very important that the investment community and token holders value our openness, transparency and willingness to work on the platform in the best interests or its users.”
Vyacheslav Kasatkin, LIQNET Co-Founder:
“The cryptocurrency market is under a lot of stress. It begs for a uniting hand, and a new stage of eliminating boundaries between asset holders. The LEN mechanism with its advanced security and a single trading interface for multiple exchanges make LIQNET one of the growth drivers for the industry.”
About the Company
LIQNET was founded in 2015 by Roman Shirokov and Vyacheslav Kasatkin, two specialists in traditional markets and owners of companies in the field of investments and finance, and Evgeny Tarasenko, director of an IT company. The project became the result of the detailed analysis of the existing issues on the exchange market.
LIQNET’s goal is the creation of a unique, reliable exchange capable of merging liquidity from competing platforms and solving the problem of industry fragmentation.
At the final stage of its development, the LIQNET platform was presented to blockchain- and crypto-related community at the Invest WEEKEND event in Hong Kong and Dubai’s International World Blockchain Forum, where it received favorable reviews. LIQNET’s operates under Singapore jurisdiction.