The Decentralized P2P Multi-Functional Platform Is Launching Their TGE Next Wednesday
The start of private sale round for Liquid8 (LQ8) is set for Wednesday, 27th June 2018, and it will run for 45 days. The token generation event will aim to allow further development of Liquid8’s decentralized peer-to-peer multi-functional platform that offers a protocol to digitize real-world assets, a peer-to-peer social exchange marketplace and a peer-to-peer decentralized lending marketplace.
Please Note: This is a Press Release
All mentioned features are meant to improve the current financial ecosystem by adding better liquidity, fungibility, and cost-effectiveness to real-world assets. The company announced that contributors are welcome to purchase LQ8 tokens at a price of $0.10 per token with 20% bonus between the 1st to 20th day, and 15% bonus between the 21st to 45th day. The private sale is open to residents globally except USA, China and Singapore citizens, with a minimum contribution of US$10,000.
To clarify the overall idea of the project, Liquid8’s CEO May Sukumpeeranont made a statement saying that “Liquid8 looks forward to becoming a gateway to unite quality start-ups, consumers and financial service providers within a secure, transparent and fair ecosystem by utilizing proven technologies that are currently available and our main mission is to promote financial inclusion by making real-world assets and financial services more accessible and affordable to general consumers and crypto community”. According to the documentation, the team planned to achieve their goals with three major points. First is the offering a tokenization protocol to digitize real-world assets and allows it to be tradable and transferable on a digital platform, making owning or purchasing real-world assets simple and seamless. The second point is the development of a p2p social exchange marketplace where trading parties from any location will be directly connected with each other through a transparent and secure environment, with any payment method they preferred, to enable the exchange of crypto assets and tokenized assets without the needs of intermediaries. The third and final point will be the development of a decentralized lending platform to connect fiat-based lending with crypto-based lending by creating an opportunity for borrowers to use their crypto assets or tokenized assets as collateral to borrow Ethereum or fiat currencies from lenders who are willing to lend their Ethereum or fiat currencies with terms and conditions that are more flexible.
In fact, the change driven by Liquid8 is long expected and necessary for the financial world to keep moving forward. The most important benefits of the above-explained project are enhancing the current system and will allow:
- Better liquidity of crypto and real-world assets;
- Opportunity to own/purchase real-world assets with lower initial capital;
- Faster transaction processes with lower cost by removing intermediaries;
- Higher chance to obtain a loan with lower interest rates and better terms.
About the company: Liquid8 is a decentralized p2p multi-functional platform, co-founded by May Sukumpeeranont and another 6 team members in 2017. Liquid8 will utilize blockchain technology and smart contracts to create a real sharing economy in the form of a peer-to-peer digital ecosystem that connects individuals globally and allows them to leverage from the benefits of Tokenization, Exchange, and Lending. The company describes all advantages in detail within their whitepaper which can be found on their website. For more information about the private sale event, please contact Liquid8 at askme@lq8.io.