LIQUID8
UPIK05INTRODUCTION
Liquid8 is a blockchain-based peer-to-peer multi-functional platform that aims to revolutionize the digital economy, by bridging the gap between real-world assets and the emerging digital economy.Liquid8 will introduce a peer-to-peer digital services platform, where owners of real-world assets: traditional assets and alternative assets, are able to “tokenize” their asset, allowing the asset to be represented by digital tokens within the blockchain ecosystem.
Tokenized assets can then be exchanged and loaned between platform users within Liquid8’s Multi-Asset Wallet, making obtaining financial services and managing tokenized assets and crypto assets simple and convinient.The Liquid8 platform will revolve around the use of smart contracts. This ensures that assets transacted within the platform can be accurately accounted for, without the need of intermediaries.
Liquid8 makes real world assets accessible and accessible to all, using the unique properties of Blockchain. We create a gateway to connect startups, consumers and financial service providers through a decentralized “peer-to-peer” ecosystem, and you can be part of the revolution.
Liquid8’s Multi-Functional Platform will offers 3 main features:
Tokenization – The platform presents a tokenization protocol that allows ownership rights of real-world assets to be digitized, so that they can be traded digitally, creating a vast array of opportunities for peer-to-peer financial services.Traditional illiquid assets will gain better liquidity, while start-ups will have the opportunity to connect with potential funders without geographical restrictions.
Exchange – The platform offers a marketplace where tokenized assets and crypto assets can be exchanged between platform users in a peer-topeer environment. The peer-to-peer nature of exchanges guarantees costeffectiveness and flexibility,when compared with transactions through traditional exchanges.
Lending – The platform offers a lending marketplace that directly matches borrowers to lenders. The peer-to-peer nature of Liquid8’s lending platform,underpinned by reputation rating based on AI and machine learning, will present borrowers with the chance to obtain the most advantageous rates,while at the same time providing lenders access to wide range of loan opportunities to diversify their portfolios.
Liquid8’s ultimate intent is to create a peer-to-peer digital ecosystem that is accessible and afforable to all individuals globally, by creating a real sharing economy through leveraging the benefit of Tokenization, Exchange and Lending.
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:
» Online Off-chain module – Data feeds extracted by oracle or IoT devices, and due diligence that can completed online via smart contract digital signatures.
» 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 on-chain protocol involves the development of tokenization smart contracts and smart asset tokens: blockchain-based digital tokens that are pegged to real-world assets.
Liquid8 Tokenization Protocol
Liquid8 will leverage the logic behind the proof-of-asset protocol to develop a tokenization platform that is built with blockchain technology to benefit from blockchain’s infrastructural advantages. All the data collected will also be recorded on blockchain, by utilizing Inter Planetary File System (IPFS): IPFS is a decentralized peer-to-peer filesharing system that provides high throughput, low latency data distribution.It can be used to deliver content to websites, globally store files with automatic versioning and backups, facilitate secure filesharing and encrypted communication.This will enable the creation of a real-world assetbacked token which has the combined qualities of both real-world assets – stability and reduced volatility – and blockchain-based digital assets – efficiency,transparency and security.
We will be working closely with regulatory authorities from different regions, making sure all the listed tokenized assets are legally compliant with local and international AML (AntiMoney Laundering) and KYC (Know Your Customer) procedures, to prevent opportunists fromtaking advantage of Liquid8’s platform for money laundering activities. We also believe that emergent regulations will be playing a major role within the blockchain ecosystem in the near future, therefore we will be building our platform based on legal and compliance.
Flowchart for Pre-Tokenized Real-world Assets
Flowchart for Post-Tokenized Real-world Assets
Advantages Liquid8
- 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.
ICO Details
General Information
Token: LQ8
Platform: Ethereum
Standard: ERC20
Quantity: 700 million LQ8
Price: 1 LQ8 = 0.10 USD
Payment: ETH
Soft cap: 3 million USD
Hard Cap: 35 million USD
Pre ICO
Start: 25.08.2018
Completion: 08.10.2018
ICO
Quantity: 350 million LQ8
Start: 09.10.2018
Completion: 11.11.2018
Token Sale Details
Softcap: $3 Million
Target: $30 Million
Hardcap: $35 Million
Total Token Supply: 700 Million Tokens.
Token for Public Sale: 50% (350 Million Tokens)
Private/Pre-Sale Bonus Token: 15% (105 Million Tokens
Token Price: $0.10
The Liquid8 lending protocol will further improve the current lending ecosystem by creating a globally applicable and inclusive reputation rating profile, reducing the need for traditional banking infrastructure and rigid,proprietary credit scoring systems.
Other benefits will include:
Benefits for borrowers
>> No “middlemen” means more flexibility and lower fees. Borrowers will be able to negotiate with prospective lenders and agree on individual terms of the loan. Instead of being forced to accept certain conditions, they will get to choose with whom to transact, and on which terms.
>>Additionally, Liquid8’s risk profiling does not rely on an overly-strict credit score from an external bureau, and standardized categories when it comes to a borrower’s eligibility for a loan – so borrowers will have much higher chances of getting a loan with reasonable interest rates, based on a dynamic credit risk profile.
>>Borrowers will be able to borrow Ethereum or *fiat currency against the crypto asset they hold during a market downturn, to pay for their daily expenses or to gain margin for investing in more crypto assets.
>> Once an interest rate is agreed between a borrower and a lender, it will be fixed for the term of the loan enabling borrowers to plan and manage their cash flows and optimize compliance.
Benefits for lenders
>>In contrast to banks, Liquid8 will not decide for lenders how much interest they are going to earn, or to whom they should lend their money. Interest rates and amounts are agreed upon directly between borrowers and lenders.
>>A steady source of passive income, in the form of the loan interest paid, creates the possibility for lenders to generate a stable income on a regular basis without ongoing work, which the lender may choose to re-invest, save, or take as profit.
>>Lenders will be able to hedge the crypto assets they hold against market volatility and earn interest in the process.
>> Some of the borrowers will be people who have run out of options or cannot access traditional credit sources – but they have real needs to address. In addition to income generation, lenders will be contributing to improvements in the real lives and communities of disadvantaged borrowers, while being protected by the LQ8 Compensation Pool.
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
> Two Factor Authentication Function (2FA): To log in to the wallet or make a transfer request, users will need to verify themselves with an authentication app.
> Multi-Sync Authentication Function: Wallet users will be able to sync their wallet with a wallet of someone they trust (family or close friend). When a transfer request is made the synced wallet owner will be notified, and he/she will have to confirm the transaction for the transaction to go through.
Meanwhile, so as to simplify the mobile login functions of the Multi-Asset Wallet while maintaining maximum security, Liquid8 will enable the use of Biometric Identification: TouchID and FaceID for iOS devices; and Security PINs for Android devices.
The advantage of having a Liquid8 Multi-Asset Wallet will not be limited to the storage of different types of crypto and tokenized assets in a user-friendly manner – the Liquid8 MultiAsset Wallet will also be able to interact directly with the Liquid8 P2P Multi-Functional Platform, which will make storing and managing (spending, lending, transferring and exchanging), of crypto assets and tokenized assets much easier.
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 fiat currencies and make withdrawals at ATMs around the globe.
We are currently seeking to launch this service in collaboration with a reputable payment card provider, under the guidance of our legal compliance advisor – ensuring that the payment card solution that we offer is compliant with all applicable rules and regulations.
ROADMAP
2017
Research, POC, Team, White/Lite/Tech papers and registration in Singapore.
2018
TGE, application for licenses for financial services in the ASEAN region launch (desktop and mobile) Multi-Asset Wallet v. 10
2019
Apply for financial services licenses in the Asia Pacific region and Australia. Launch (desktop and mobile) market for Tokenized assets, P2P Social Exchange, P2P Instant Exchange (v. 10) Multi-Asset Wallet v. 20
2020
European Hub Setup: Management, R & D and application for licensing financial services launch (desktop and mobile) P2P credit (collateral lending) v. 10 Trading platform for Tokenized assets, P2P Social Exchange, P2P Instant Exchange (v. 20)
2021
Launch (desktop and mobile) P2P payment platform (collateral with credit line) v. 10 and V. 20 P2P Credit (collateral loans) v. 20
TEAM
May Sukumpeeranont
Co-Founder Chief Executive Officer
Michael Lim
Chief Operation Officer
Carl Kongka
Co-Founder Chief Technology Officer
Jirawan Prempee
Co-Founder Chief Commercial Officer
Leong Hon Chan
Co-Founder Chief Investment Officer
Sudarat Suttaloon
Co-Founder Chief Research Officer
Tionz Tay
Co-Founder Chief Strategy Officer
Tayri Tay
Co-Founder Chief Marketing Officer
Anthony Georgiades
Technical Development Lead
Stanislav Sahniuk
Blockchain Development Lead
Sergey Blazhko
Senior Mobile Apps Developer
Denys Yakovenko
Front-end developer
ADVISOR
Mykola Vdovychenko
Legal Advisor
Alexander Linenko
Tokenization Advisor
Rumen Slavchov
PR & Marketing Advisor
Andrey Korotkov
ICO Business Analyst
Prakash Pandey
ICO Advisor
Benoit Thimister
Investment Strategy Advisor
Harry Choong
Startup Advisor
Alexandre Orfevre
Community Development Advisor
More information contact :
Website : https://lq8.io/
Whitepaper : https://lq8.io/assets/docs/whitepaper_4.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=4507173.0
Bounty Thread : https://bitcointalk.org/index.php?topic=4790180.0
Facebook : https://www.facebook.com/LQ8io-Liquid8-152207538972474/
Medium : https://medium.com/@liquid8.lq8/what-is-liquid8-74ccf181c9dd
Twitter : https://twitter.com/LQ8_Liquid8
Telegram : http://t.me/lq8ru
Youtube : https://www.youtube.com/channel/UCLHu4TfBhLrGhGsPjazWd5w
Author : Upik05
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2205131
Address wallet
0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c4