Liquidity.Network ICO and Token Sale Review
The Liquidity Network is a practical and adaptable off-chain micropayment system. It aspires to help the blockchain to speed up its transaction processing time and allow users of the Liquidity Network to send micropayments back and forth between other users. This project is very unique in many ways as an off-chain payment system.
About the Project
It is quite common knowledge that, for all the huge benefits brought to the decentralized currency movement as a whole, major cryptocurrencies such as Bitcoin and Ethereum simply can’t handle the same large volume of transactions which traditional fiat payment methods can.
The aim of projects like the liquidity network is to invariably increase the processing capability and decrease transaction time by facilitating off-chain payments. The Liquidity Network differs from its competitors in a few key ways.
- It is the first to facilitate bi-directional transfers of Ethereum.
- It can rebalance its transactions totally off-chain. Unlike many others, this will save both time and money.
- Users no longer need to lock-up large deposit amounts in the system and can be assured of instant and totally secure transactions.
- The system has already been successfully tested on the Ethereum Test Network.
The project could have far reaching implications, especially in reducing congestion, increasing speed and making cryptocurrency more accessible for daily payment use.
The ICO pre-Sale has concluded and managed to raise a total of 10,497ETH. The ICO will run from June 14th to July 28th. The reported starting price of the ICO places the value at 1LQD per 0.0007ETH with a projected hardcap of $27,000,000USD. The company plans that the liquidity network will be fully operational and engaging in the exchange of ERC20 coins without issue by the third quarter of 2018.
The ICO is based in Switzerland and will be accepting Ethereum as the only form of investment during the ICO period.
The Token will be an ERC20 based token on the Ethereum network. It will be known as LQD on exchanges. There is set to be a total of 100,000,000 LQD tokens. 65% of these will be available for purchase during the ICO phase.
The company hopes to be fully operational and have their first app launched by the end of 2018.
- Start Date2018-06-14
- End Date2018-07-28
- Payment MethodETH
- Total Supply100000000