Legolas Exchange

LEGOLAS is a decentralized ledger platform that enables the users to neutralize front running and guarantee the unalterability and transparency of the order book. The unique model and partnership provided by the platform enables fair and secure trading environment in which every type of transaction are easily executed.

PROS:

• Security: The platform puts in place various measures  to curb any transaction  losses including 2FA protection  for authentication and advanced multi signatures to control the cold and cold storage
• Large deposits and withdrawals: The users are able to deposit and withdraw both fiat and crypto currencies with adequate reliability, and scalable system.
• Traceability and auditability: The partnership of Makor and block chain enables transaction deposits and withdrawals to be recorded for easy  references in case disputes arises
• Transaction fees: The platform  exchange doesn’t involve extra and unwanted charges on any transactions carried with the crypto currencies
• Simplicity: The users can withdraw and send money easily within the system  within different accounts involving the use of fiat and crypto currencies
• Transparency: The auditable trade history and books easily store the users records  hence providing real time proof of reserve and complete recording
• The management of the project is easy due to the expertise involved  where all the professionals have many years of experience in management of different projects

CONS:

• The LGO token is not easily available to the users via accessible applications
• The use of different currencies would make the users incur different costs
• The platform lacks users motivation once they acquire the token

SUGGESTIONS:

• The platform should be available to all the users through easy and accessible technology
• The platform should design its own crypto currency which is easily compatible with fiat and other crypto currencies

Release of the Legolas Exchange beta is scheduled for February 2018, while the full public release is scheduled in Q3-Q4 2018. The goal is to create a provably fair exchange that combines the best features of centralized and decentralized platforms.

This exchange is planning to launch their beta version in February 2018, (i.e. this month) with an absolute public release scheduled between Q3 and Q4 of 2018. They aim to create an honest and fair-trading platform that will further blend in the best traits of decentralized/centralized platforms.