I know quite well that the importance of exchanges cannot be overemphasized and as such several projects are rising daily all in the name of exchange platform but all of them end up being disappointing. I still wonder what on earth makes some traders go ahead trading on incompetent exchanges despite knowing fully well that they stand the chance of losing their hard earned funds. Maybe because the tokens they prefer trading with are not available on the big exchanges or probably because they feel the big exchanges are too complex for their liking.
Well, maybe a good survey will do justice to this but the fact still remains that a lot of cryptocurrency exchanges in circulation are not worthy of being called exchange platform at all, I have once had an awful experience on a particular exchange where I transferred a newly listed token to my exchange account only for me to discovered that my tokens were gone without even a competent support system to attend to my complaints.
Several other traders complained about the same issue and then I asked myself, why are people still feeling so comfortable trading on this platform despite all these scam accusations?
Several traders have their own awful experiences that they have been faced with on exchanges; in fact, some have quit crypto generally as a result of the bad experiences. Quickly I’ll like to highlight some of these challenges that are being faced daily by traders on exchanges which are;
- Lack of liquidity
- Extremely high transaction charges
- Incompetent and porous security protocols
- Unreliable support system to assist users with problems
- Fake trading volume that misleads traders
- Vague order books
- Complex user interface that makes trading difficult for newbies
- Delayed deposit and withdrawals and
- Long and unannounced maintenance updates that affects trading activities.
If you could recall, binance that claims to be the world’s largest exchange platform was hit sometimes last year by cyber hackers which resulted in the loss of thousands of dollars, this got a lot of people amazed and shocked because a lot of funds were at stake which was even the source of livelihood of some individual. This point to no other fact that even the big exchanges have their own weakness in which security is an important part of it.
Having studied the industry carefully with its pros and cons, the Liqio exchange has decided to rise up against all odds to develop its own exchange platform which will eventually be to the exact satisfaction of all traders.
Introducing Liqio Exchange
Liqio is an exchange platform that has been registered in Estonia and subjected to European regulations.
This exchange is a result of the innovative idea of well experienced professionals in the cryptocurrency industry.
With the availability of an excellent trading interface for all traders, then it’s of no doubt that cryptocurrency trading experience is just about to move on to the next level on this exchange.
On this exchange, there are three types of orders that can be used for trading. They include market order, limit order and also stop limit order.
An exciting feature of this exchange is its social trading. With this feature, an expert trader can have his/her position being checked by other exchange users (if the expert decides to put his/her profile on public mode). At the end of each trading sessions, scores are being awarded to these expert traders which will be constantly used to put them into ranks.
Based on these rankings, a newbie or non-expert traders can therefore select the user he/she wants to follow based on the past results, and in the long run, the expert trader may decide to monetize his/her positions in trading sessions.
What other features are available to be enjoyed on the platform?
- Availability of launchpad platform which allows you to participate in ICO’s that will be thoroughly analysed and scrutinized by the team. This tokens can be traded immediately after being distributed without having to wait for end of ICO.
- Availability of crypto purchase with FIAT payment gateway with no charges
- Availability of support services 24/7 in all languages
- Ability of certain decision makings by the community such as trading fees and other development ideas.
This exchange platform is organizing a Security token offering (STO) for 2months which already started on December 21 and lasts till February 21, 2020.
The team is offering for sale 70million tokens out of the 100million total supply with a soft cap of $550,000 and hardcap of $1,820,000.
Holders of this token (LQO tokens) will have the opportunity of enjoying a monthly dividend of 50% of fees collected by the exchange which will be shared among the holders based on their amount of LQO tokens they hold.
Also, holders of the token have the right to vote for any project of their choice to be listed on the platform. This voting program shall be done on telegram through a telegram bot and 1token shall be equivalent to 1vote, hence the more tokens you have, the more influential your voting is.
Each participants of the STO must undergo a compulsory KYC exercise before being allowed to participate.
Also, the platform has future plans of developing an iOS and android application which will make way for easy access to the platform. There are also future plans of developing a decentralized exchange by the platform which will result in the expansion of the platform.
The platform has several revenue generating medium which includes; Revenues from trading fees, Listing fees, service fees, withdrawal fees and also payment gateway.
Conclusively, Liqio exchange has proven beyond all reasonable doubt that it is capable of transforming the cryptocurrency exchange industry through its innovative exchange platform. Not only is the exchange made up of competent professional team members but it also has a very excellent modus operandi which makes trading of cryptocurrency easy and exciting for its users. In my own personal opinion, this is a project you shouldn’t miss out for anything.
For more information and enquiries about Liqio exchange, kindly check the links below;
|Whitepaper|Twitter](https://twitter.com/LiqioExchange)|Facebook|Linkedln|Telegram|ANN Thread|
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