By utilising payment hubs, Liquidity.Network allows multiple users to send cost efficient Ethereum micropayments for the very first time.
Liquidity.Network is the first ever off-chain payment system to have a working MVP that allows its users bi-directional transfers of Ethereum. The project has already been successfully deployed on Ethereum’s Testnet service.
Liquidity.Network’s novel technology allows any member of a payment hub to pay any other member of a payment hub, whilst integrating with REVIVE to allow rebalancing of payments off-chain without the need for costly on-chain refill transactions. By utilising off-chain payments, the network allows users to transfer their funds instantly with an enhanced level of privacy that is low cost and secured by the blockchain. This ‘trustless Paypal’ will upgrade the Ethereum network, and have far-reaching implications for the blockchain world as usage grows, enabling a higher number of users to use the Ethereum network without adding to congestion.
The Liquidity.Network is a practical blockchain micropayment system, supporting millions of users securely, reducing transaction costs significantly and enabling the mainstream adoption of blockchain.
Despite their potential, existing blockchains such as Bitcoin and Ethereum can only process ten’s of transactions per second - comparable mainstream payment systems process over thousand transactions per second. Off-chain payment channels have been proposed to substantially increase the blockchain’s transaction processing capabilities.
Typical off-chain channels, however, face several limitations: users need to keep substantial deposits locked up in rigid allocations, payment channel rebalancing is limited to on-chain transactions, complex routing structures needs to be set up, etc.
Liquidity.Network is the first practical, secure and scalable off-chain payment hub system for decentralized blockchains. The Liquidity.Network architecture stems from a symbiosis between our novel innovations: the Payment Hub and REVIVE. Liquidity.Network is scalable to multi millions of users, and does not require rigid funds to be locked up.
ICO Advisor | ICO Analyst | Blockchain Researcher Rated on 9 May 2018
4
5
5
22%
They provide off chain ETH payments. A major component for mass adoption will be off chain payments. The fact that they have a working prototype is a huge plus. Will update team rating once their team has been completed.
Liquidity.Network focuses on off-chain payment transactions. Due these transactions being off-chain they are not reliant on how congested the network might be at any given time.
The team is said to be consisting out of more than 10 excellent Liquids covering a wide range of areas, however only 2 team members are currently disclosed. Even though both Arthur and Rami have a very good and adequate background in the technology needed, it leaves doubt about the rest of their team. Not much is known about any advisers, but there has been some other information disclosed. Currently there is one partner; Hive Power and several VC's backed the project.
Liquidity.Network is not the first to take the step in the direction of off-chain payments, but they are one of the first to put into action. The prototype is ready for the Ethereum network and a full working product is scheduled to go live at the end of 2018 and if it's successful, they are looking to deploy their off-chain payment solutions on other blockchains as well.
If more information becomes known about the team and avisers I will be happy to update my rating.
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Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
September, 2017 Alpha Version of Liquidity.Network
Excited by REVIVE,
we developed the first
alpha version for Li
-
quidity.Network, and
launched a private
Liquidity.Network hub.
2
November, 2017 Public Announcement
Launch of the official Liquidity.Network web-site, FAQ, whitepaper, engage the community and public roadmap.
3
December, 2017 Foster development
Based on the community feedback we adopt improvement ideas and attract talent to join the Liquidity. Network development.
4
Q1 2018 Early Bird Access, Testing
Deploy Liquidity.Network hub MVP and give early bird access. Build a strong community. Optimize the hub.
5
Q2 2018 Public Liquidity.
Network Publish the official and stable Liquidity. Network version. Include web and mobile wallets. Enable inter-hub operability with REVIVE.
6
Q3 2018 First App, Decentralized Exchange
Enable the Liquidity. Network to perform exchanges of ERC-20 tokens. Faster and more cost efficient trading than other decentralized solutions.
7
February, 14th 2018
pre-sale Start
8
March, 8th 2018
pre-Sale Ends
9
April, 8th 2018 @ 4PM GMT - Whitelist starts
To join the main sale, every contributor must first join the whitelist through joining our telegram channel http://t.me/liquiditynetwork and registering an Ethereum address with our chat bot, @BIGwig_bot.
10
April, 16th 2018 @ 4 PM GMT - KYC starts
The KYC process starts under https://ico.liquidity.network. Limited seats available, first come first served!
Filling out the KYC documents requires an Authentication Code that you get from our friendly telegram bot @bigwig_bot after whitelisting.
Together with your Ethereum address, this allows you to upload the KYC documents. All contributors will need to go through KYC to be under strict compliance with Swiss law.
11
June, 11th 2018 @ 4PM - Dutch auction parameters
Dutch auction parameters for the main sale will be communicated
12
June, 14th 2018 @ 4PM GMT - ICO starts
The tokens will be sold in a Dutch auction to give participants a fair opportunity at an acceptable valuation. Dutch auctions are widely accepted as one of the best mechanisms for fair price discovery and have been the models for both crypto (e.g. Polkadot) and traditional companies (e.g. Google).
The token price in a dutch auction is initially very high (i.e. the cap is high) and goes down with time. The longer the auction lasts, the lower the cap becomes, and the lower the token price ends up. Participants can bid at their preferred moment during the auction. A dutch auction is avoiding a transaction-fee bidding contest and also avoids a blockchain congestion.
