Liquidity.network
Hype / Difficulty:
Team: 2 members, know they can get testnet up, and plan to grow full time team after pre-sale. The core team is Rami and me (Arthur), we however have a whole legal, marketing and designer team, with and supporting us. We're currently hiring business people to start right after the *pre-sale*, please let me know if you know someone who is interested. I'm myself advising ICO projects (e.g., www.nimiq.com), and co-founded www.securify.ch for formal verifiaction of smart contract security. If you PM me, I can send you well known names that can give you a reference.
Project: https://www.youtube.com/watch?v=4yw7ZGWHZto
Gave talk at Stanford pBase (Rami Khalil, Arthur Gervais; Liquidity.Network and REVIVE: Secure Payment Hubs supporting Off-Blockchain Rebalancing) https://www.youtube.com/watch?v=emZTtmiR-AY
Latest blog post: https://medium.com/@liquidity.network/n-party-payment-hubs-f78476025b4a
Code: https://github.com/liquidity-network
Demo video of internal MVP in Nov 2017: https://www.youtube.com/watch?v=jM9VWRBbqtU
Similar Projects
Lightning and Raiden as being complementary technology. Raiden et al. are building 2-party payment channels. We are building n-party payment hubs. Building n-party payment hubs with 2-party payment technology is expensive, inefficient and won't scale. Payment channel networks however, will naturally want to be build around well connected nodes (as you can see on the Lightning testnet: https://twitter.com/lopp/status/932726696364650498).For the longer version, I would refer you to our CryptoValley meetup in Zug https://www.youtube.com/watch?v=asbSKdP7mFs, or as Rami pointed out our blog post https://medium.com/@liquidity.network/n-party-payment-hubs-f78476025b4a
We believe 2-party payment channels are great, but hubs will be needed to reduce scaling costs and payment routing complexity. So the Liquidity.Network and Raiden can complement each other. We believe 2-party payment channels are great, but hubs will be needed to reduce scaling costs and payment routing complexity. So the Liquidity.Network and Raiden can complement each other.
Roadmap
Testnet released in march, public sale Q2 following mainnet release
We currently have not invested in marketing or advertising for the pre-sale. After the pre-sale we will invest heavily. We currently have not released a functioning prototype. We will release our MVP in March, before the main sale, such that the community will be able to fully grasp the potential of our hubs. We expect that these fundamental differences will allow us to reach a broader audience of users for the main sale.
Sure.The roadmap is as follows:
- after the pre-sale, we invest in marketing and advertising (watch out for our update tonight).
- March 2018 we release a minimum viable product (MVP).
- Main sale happens in Q2 2018.
- Q3 2018 we provide a decentralized exchange.
- We're constantly looking for partners, the KYC video call already has proven to help significantly to better connect with our contributors 😃
Team communication:
“we're currently writing the technical paper for the hub specifications. We're planning a release of the Liquidity.Network hubs on the testnet for March.”
Question: . before we use the hub to conduct transaction, we will need to transfer tokens to the liquidity smart contract(aka. hub), is it right? so how did hub solve the problem of substantial amount of locked funds in state channels. can i have some more details, much thanks:)
Answer: Users can transfer ether or tokens over the hub. There are 2 cases, (i) user receives (and can then forward) off-chain ether, (ii) user deposits on-chain ether to get off-chain ether to spend.
1) A user does not need to perform any on-chain transaction to register with the hub and to be able to receive off-chain ether. That means the hub supports off-chain registration that allows directly to receive and forward off-chain funds, without the need for on-chain transactions or deposit.
Imagine for example that you can buy off-chain ether with your credit card :-)
2) A user can deposit ether to the hub, similar to traditional 2-party payment channels, correct. If you build a hub with 2-party payment channels, managing the deposit for each user will be very expensive and complicated. This is where we provide our innovation, we make the hub management efficient and flexible. We've blogged about this here: https://medium.com/@liquidity.network/payment-channel-networks-b65bc006cd1b
Question: does it only work for ETH?
First step is deployment on Ethereum, allowing Ether and ERC-20 token payments. Then Ether and ERC-20 token exchange. Then cross-blockchain support (e.g. a Bitcoin ERC-20 token in Ethereum that we can exchange off-chain).
We're already talking to different blockchains where we can implement the Liquidity.Network for to grow the network.
Token Metrics:
15% sold in pre-sale, 50% remain for public sale
Dutch auction presale and public sale. The parameters of the main sale are yet to be set and will likely be influenced by the pre-sale. Both auctions are Dutch auctions. This means the final price is determined in each by the amount of funds received over the duration of the auction. We believe that the price of the pre-sale will be more attractive because: (1) we are not investing in advertisements for the pre-sale, (2) we will release the Liquidity Network testnet in March, boosting our reach and (3) the pre-sale has a whitelist restricting the number of possible participants.
https://kyc.liquidity.network/tos
https://medium.com/@liquidity.network/liquidity-network-token-model-d22861ab9faa
https://medium.com/@liquidity.network/liquidity-network-token-auction-d93ef274163
https://medium.com/@liquidity.network/liquidity-network-update-22bd9e0275ab


Can whitelist and do KYC from telegram, only 500 people right now