Liqnet

LIQNET

This is a cryptocurrency exchange platform with a unique liquidity pooling system. It allows users to unite different platforms and solve the problems of scattering of users, trading request and orders thus forming a unified book with better market depth.

PROS:

• The platform ensures secure cryptocurrency exchange  as it collects liquidity using both classic  and a standalone mechanism that uses the in-house LEN technology
• The platform creates a unified book  through the LEN mechanism enabling the users to collect and combine data on request to sell or buy from many cryptocurrency exchange located anywhere in the globe
• The platform servers employed are private cloud  composed of physical servers in several locations and client terminals  guaranteeing the security of the user’s information
• The platform is user-friendly as the  use of LENS eliminates any negotiation with the competitors  by providing all the interactions through the existing public APIs
• The platform has a mobile application which is supported by Andriod and IOS  suited for desktop and smart phone users enabling them  to carry out easy  and efficient cryptocurrency  exchange
• The  platform team involved is adequate and has the skills and experience necessary for the project execution as  they have worked in most of the crypto currency projects right from the CEO Vyacheslav Kasatkin
• The platform white paper  is  well highlighted   and has all the necessary  information required by the users on the project  implications  in the crypto market

CONS:

• The  platform LEN token doesn’t incentivize the users by giving them more rights over the company
• The platform has fewer advisors involved
• The  users can easily lose their wallets in case they  lose the private keys

SUGGESTIONS:

• The platform should include more advisors to foresee the project progress
• The  use of LEN token should provide the users with more rights over the company by being involved in the project decisions and having a share of the overall profits generated
• The platform should  highlight the amount  of funds raised by the token during the pre-ICO stage with adequate security measures to prevent any loss

NOTE:

The platform use promotes the expansion of the cryptocurrency market enabling users to easily exchange different cryptocurrencies with the provision of liquidity pooling system. However I would not invest in this project as the value of the crypto currency highly depends on the market demands.

This is a challenging product to bring to market the market but the idea in itself is innovative. If executed flawlessly, this is a necessary element to crypto market on the whole.