The pre-sale round of Liqnet’s (LEN) Initial Coin Offering, launched earlier this month, will be live until May 27th, 2018. During the pre-sale period, the digital currency exchange’s users and investors will be able to test specific features. These features include the LEN – Liquid Exchange Network technology which makes the multi-exchange liquidity collection mechanism possible.
Traders using Liqnet will also have access to the best prices both when buying and selling. They will be provided with the lowest spread. This is due to the Liquid Exchange Network technology developing deep liquidity by aggregating orders from multiple platforms into one order book. According to the co-founder and CEO of Liqnet, Roman Shirokov, this will ensure additional liquidity will be available whenever there is demand and thus helping to improve overall trading conditions.
Liqnet tokens will help finance business development. They will also come with various benefits. These include a lower commission with token holders receiving a 0.5% discount. Another benefit will be a voting right on currency pair choices listed on the exchange. Additionally, holders will be able to vote on how to spend commission generated revenue.
Starting May 28th, 2018, the main stage Initial Coin Offering is expected to run until late August or until $50 million in hard cap is attained. The soft cap target has been set at $20 million. To obtain tokens, purchasers can use digital currencies including: Waves (WAVES), Ripple (XRP), Litecoin (LTC), Zcash (ZEC), Bitcoin Cash (BCH), Bitcoin (BTC) and Ethereum (ETH).
Bonuses given to token buyers will depend on the amount spent. There will be a bonus of 60% on token purchases under $10,000. Tokens purchases between $10,001 and $49,999 will earn buyers an 80% bonus. Purchasing tokens worth $50,000 or more will see a buyer receive a 100% bonus. Investors can expect to get their tokens within a five day period following the ICO. At that point, they can withdraw the tokens to their private wallets.
According to Liqnet co-founder, Vyacheslav Kasatkin, the digital currency market requires a uniting hand in order to rid boundaries existing between holders of digital assets. He believes the single trading interface and advanced security will help achieve this goal.