Liquid is a global Liquidity platform that aims to provide liquidity to the non-liquid crypto-economy. The platform was created by a team at Quoine. Quoine is known for launching Qryptos and Quoinex cryptocurrency exchanges. Quoine is a regulated financial service authority in Japan. The company is building a global liquidity platform which is Liquid. Liquid can be used by token issuers, crypto investors and a new generation of financial services.
The problems Liquid seeks to solve
The Liquid.plus platform seeks to solve a number of problems in the cryptocurrency world. According to the website, Liquid claims that Liquidity is “the lifeblood of every industry”. It also claims that it is the single most important element lacking in the cryptocurrency economy. With that well understood, the platform seeks to be the only available source of liquidity that can be soloed across the developed and emerging markets. With that in mind, the team behind Liquid.plus plans to launch a platform that brings together a variety of cryptocurrency exchanges to create a pool of liquidity.
How does the platform work?
Liquid.plus aims to solve the problems in the cryptocurrency exchanges, including cryptocurrency exchanges for each country. Though some of the exchanges are siloed, the sources of Liquidity of these platforms are kept a secret. Liquid.plus want to launch a single sourced trading platform along with an associated suite of services to bring together the global network of cryptocurrency exchanges. The process will allow and enable the highest level of liquidity in the cryptocurrency industry.
Fiat management: Quoine as a network of relationships with banks across the United States, Japan, Philippines, Taiwan, Europe, Indonesia and much more. This enables them to successfully manage fiat currencies.
Matching Engine: The ME is built from scratch. It can process millions of transactions per second making it the most advanced matching engines in the industry according to the Liquid official website.
Smart Order Routing: Liquid.plus uses a smart order routing system to provide real-time, low latency feeds for major exchanges in the world, it also automatically orders routine to check for matches across exchanges.
Credit facilities: Liquid platform extend crypto/fiat credit facilities to customers using Prime brokerage. This allows the customer to leverage existing balances for enhanced trading opportunities.
The Liquid token
Liquid.plus use the QASH token as its primary token. The token envisions itself as the next WTH or BTC for financial services. QASH is the preferred payment token for financial services on the platform. The ICO is to take place on Qryptos.