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INTRODUCTION
What is Liquid8?
What is Liquid8? Liquid8 is a decentralized peer-to-peer multi-functional platform, which enables the global tokenization of assets for exchange and loan between community members.
iquid8 makes real-world assets accessible and affordable to all, by leveraging the unique properties of Blockchain. We’re building a gateway to connect startups, consumers and financial service providers, via a decentralized peer-to-peer ecosystem – and you can be part of the revolution.
Advantages
Simple
We make the tokenization process user-friendly and accessible, for experienced and new users alike
Efficient
Making use of Smart Contracts to eliminate intermediary costs and inefficient administration.
Security
Our robust cybersecurity measures including biometric IDs, bug-bounty program and multiple levels of authentications, with 95% crypto assets deposited kept in cold storage.
Transparent
The tamper-evident architecture of blockchain is immutable and publicly available in real time
Compliant
Adhere to local and international ‘Know Your Customer’ & ‘Anti-Money Laundering’ regulations.
THE FEATURES
Multi Asset Wallet
Liquid8 presents a simple and convenient solutions for community members to obtain financial services, and to manage and store both crypto assets and tokenized assets directly within our intuitively designed Multi-Asset Wallet.
Multi Asset Wallet
Liquid8 presents a simple and convenient solutions for community members to obtain financial services, and to manage and store both crypto assets and tokenized assets directly within our intuitively designed Multi-Asset Wallet.
P2P Social Exchange
Liquid8 connects trading parties in any location within an efficient, secure, transparent and fair environment, allowing cryptoto-fiat or crypto-to-crypto transactions based on mutually agreed exchange terms, with any preferred payment method.
P2P Instant Exchange
Liquid8 is developing an Instant exchange protocol with proven technologies to enable smart price-optimizing and liquidity access to major centralized and decentralized exchanges for instant conversion between different crypto assets.
P2P Globalized Lending
Liquid8 offers a revolutionary lending platform that connects fiatbased lending with crypto-based lending via the utilization of blockchain technology and smart contracts; Creating an efficient, secure and flexible lending environment for both lenders and borrowers.
THE LIQUID8 P2P MARKETPLACE FOR TOKENIZED ASSETS
The Challenges - Global Assets & Their Limitations
1. Illiquidity: Real-world assets lack liquidity and fungibility, especially physical assets such as real estate, gold bars/bullions, and collectables. The global real estate market, for instance, holds a net value of over $217 trillion, locked away in illiquid assets. Considering an average transaction cost of roughly 10% for property inclusive of all the fees and closing costs, it would cost close to $21.7 trillion to liquidate the entire global real estate assets.
2. High minimum investment requirements: The average down-payment for a property is around 20% depending on jurisdiction, while for other alternative assets such as collectables and managed funds, it often requires investments in the millions if not hundreds of millions of dollars - indicating the need for high initial capital to invest in realworld assets.
3. Costly transaction fees: The purchase or sale of a real-world asset incurs steep transaction fees, as highlighted in the case of a real estate transaction being typically 10% or higher, while trading stocks, precious gems and artwork will also involves paying intermediary fees which often amount to double-digit percentages.
4. Lengthy transaction process: Another critical issue with real-world assets is the time they require in completing a transaction. Research indicates that it can take anywhere between 6 weeks to 6 months to close a real estate purchase. Even in the case of other asset classes, the involvement of third-parties such as fnancial institutions lengthen the transaction time considerably.
5. Overly-strict personal credit assessment: Credit assessment is among the most critical aspects of investing in a real-world asset. Any fnancial institution will run a thorough background checks on an investor before granting a loan or access to capital, which makes it diffcult for an investor with a less-than-ideal credit profle to get started. For instance, banks do not consider the crypto assets of an investor in their credit check, rendering these assets worthless in landing a traditional loan
6. Storage: For some assets such as precious metals and gems, ownership requires the costs of securely storing the item in question. Insured transportation costs will also have to be factored in if the asset needs to be moved between jurisdictions.
The Solutions – The Liquid8 Tokenization Protocol
Liquid8 will develop a tokenization protocol to simplify the process of digitizing real-world assets, with a combination of off-chain and on-chain proof-of-assets protocols, to ensure all assets submitted for tokenization or listing on Liquid8’s P2P marketplace are validated for their compliance, existence, ownership and value.
The off-chain protocol consists of two elements:
1. Online Off-chain module - Data feeds extracted by oracle or IoT devices, and due diligence that can completed online via smart contract digital signatures.
2. Offline Off-chain module - Data collected via relevant agencies/ institutions, and due diligence which can only be processed by signing of traditional paper-based agreements.
The Benefts of Tokenization
1. It allows the ownership rights of real-world assets to be transferred and traded on a digital platform.
2. As tokenized assets can be sub-divided, the threshold for investing is reduced signifcantly.
3. It allows existing crypto investors to directly purchase tokenized real-world assets with their crypto holdings, bypassing the need to convert their crypto assets into fat currency when they want to diversify their investment portfolio to include real-world assets which are less volatile.
4. It provides security, reliability and proof of ownership, thanks to blockchain’s distributed ledger technology.
THE LIQUID8 HYBRID EXCHANGE
The Challenges
One of the main obstacles that slows down the mass adoption of blockchain technology includes the diffculties and ineffciencies in buying and selling of crypto assets for fat currency. This has put the crypto community, especially newcomers and frst-time investors, at a signifcant disadvantage.
Besides that, most of the existing exchanges are more suitable for experienced users, as the user interfaces are complicated and non-intuitive. There are many sources of arbitrage and ineffciency with infrastructure that is not transparent, thus fnding opportunities for optimal deals requires a great deal of experience and research that is often not feasible for a newcomer. Furthermore, some of the present cryptocurrency exchanges charge a hefty commission on top of their regular transaction charges, making it harder to book profts through trading.
The Solutions and Benefts
1. Liquid8 P2P Social Exchange
The Liquid8 P2P Social Exchange is a peer-to-peer social exchange marketplace that utilizes a smart price-optimizing engine to connect two parties locally or globally within our exchange marketplace, enabling both parties to exchange their crypto assets with fat currencies or exchange from one crypto asset to another based on mutually-agreed exchange terms – eliminating the need for intermediaries, along with all the costs associated with them. Both parties will enjoy not only lower transaction fees, but also better exchange rates compared to those offered through intermediaries.
2. Liquid8 P2P Instant Exchange
3. Personalized Escrow Service
Liquid8 will provide a personalized escrow service to govern the exchange of assets between individuals who have marked each other as ‘Favorites’ in the P2P Social Exchange Platform. To establish a safe transfer between their assets and to avoid any disputes, they can use the personalized escrow service to govern the exchange of their assets, while enjoying cheaper fees compared with other platforms
4. Dispute Resolution
If a dispute over a transaction occurs, Liquid8 will act as an arbitrator. The arbitrator will conduct a review of the dispute by requesting specifc sets of data from both parties to determined which party was at fault. When an outcome has been determined, the crypto assets that are locked in the smart contract during the investigation will be returned or released to the rightful party.
THE LIQUID8 P2P GLOBALIZED LENDING MARKETPLACE
The Challenges
1. High processing fees:
A personal loan from any of the major fnancial institutions comes with a slew of processing fees, including application fees, origination fees, document preparation fees, processing fees, underwriting fees, electronic payment processing fees, prepayment fees, closing fees, and at least a dozen similar charges.
2. Slow centralized processes:
The traditional lending industry follows an antiquated pathway with multiple layers of management and processing, which extends the overall loan disbursement timeline further
3. Inflexible terms of lending:
Recent research by LendEDU, indicates that nearly 76% of their target group members had their loan applications denied for one reason or another. In fact, out of the approved loan applicants, only 34.86% proceeded to complete the funding process.
4. Overly-strict credit scoring requirements
The reliance of the traditional lending businesses on credit score is another major problem for loan applicants.
The Solutions
With P2P lending market predicted to rise from US$26.16 bn in 2015 to US$897.85bn by 2024 according to a report published by Transparency Market Research, combined with the exponential growth of the cryptocurrency user-base as reported by major exchanges, this indicates a massive opportunity for P2P lending platforms within the crypto markets. Despite this huge potential, there aren’t many P2P lending platforms which accept cryptocurrencies as collateral.
Liquid8 will capitalize on this massive opportunity by introducing a revolutionary P2P Globalized Lending Marketplace, to connect fat-based lending with crypto-based lending via the utilization of smart contracts as escrow. This will provide crypto asset holders a chance to use their crypto assets or tokenized assets as collateral to borrow Ethereum or *fat currencies, and at the end of the loan term, they will be able to get their crypto asset or tokenized asset returned to them.
THE LIQUID8 MULTIASSET WALLET AND DEBIT CARD
The Liquid8 Multi-Asset Wallet
Liquid8 will develop a user-friendly and state-of-the-art Multi-Asset Wallet for the storage of crypto assets from multiple blockchains, which will include Ethereum, selected ERC-20 tokens, NEO, selected NEP-5 tokens, Bitcoin and tokenized assets issued via Liquid8’s tokenization platform. We will proceed to add further varieties of crypto assets into the Multi-Asset Wallet as we progress.
The Multi-Asset Wallet will adhere to the highest level of cybersecurity standards. Private keys will be encrypted and will only be made available to the account owner. Recovery functions (with seed wording) will be available to enable users to restore their wallet on a new computer or mobile device. Apart from that, the Liquid8 Multi-Asset Wallet will also implement two crucial security functions for both desktop and mobile version of the Multi-Asset Wallet:
The Liquid8 Debit Card
Liquid8 will be launching a crypto debit card for the convenience of all community members after the token sale. The debit card will enable Liquid8 members to spend their crypto assets stored in their Liquid8 Multi-Asset Wallets with any merchant who accepts card payments. They will also be able to convert their crypto holdings into fat currencies and make withdrawals at ATMs around the globe.
LIQUID8 PROJECT ECONOMICS AND TOKENOMICS
TOKEN DISTRIBUTION
So join now and invest at https://lq8.io/
Source- https://lq8.io/
MORE INFORMATION :
BTT ANN THREAD : https://bitcointalk.org/index.php?topic=4790180.0WEBSITE: https://lq8.io/WHITEPAPER: https://lq8.io/assets/docs/whitepaper_4.pdfTWITTER: https://twitter.com/LQ8_Liquid8TELEGRAM: https://t.me/lq8en
BOUNTY THREAD :
Authorized By:
My Bitcointalk account : jagadlangit
My ETH address : 0xA2BFa48A6AfEFaBF498B6541f609E6cef4700D91
