LN Exchange is the first order book trading platform on BTC and the lightning network. Through the financial layer in the BTC ecosystem, it opens up a world full of opportunities for the Lightning Network and Nostr, allowing users to send/receive, issue, distribute, fundraise, stake, lock, gift, and trade Taproot assets via Nostr. The LN Exchange trading platform is also a new force in innovative solutions. Next, we will comprehensively introduce the features and advantages of LN Exchange's product functions.
First, it addresses the issue of high Bitcoin deposit and withdrawal fees.
The Lnfi Network platform effectively addresses the issue of high deposit and withdrawal fees for Bitcoin. When users recharge and withdraw through the lightning network feature of Lnfi Network, they can enjoy instant credit services without incurring any GAS fees. Furthermore, the design of the lightning network enables global real-time settlement, processing over 1,000,000 transactions per second, greatly enhancing trading efficiency.
Currently, the total number of addresses using the Lnfi Network lightning network has reached 362,868, with a total Bitcoin transaction volume of 1,759.18 BTC. This data fully reflects the platform's activity and user participation.
Second, it addresses the issue of data trust during the trading process.
LN.Exchange is the industry's first DEX with publicly transparent trading data. As the industry's first exchange with completely transparent trading data, the LN Exchange platform's self-developed Explorer browser feature allows users to view the submission and matching information of each trade order. Through the platform's browser functionality, users can transparently understand the entire transaction process, including the order initiation time, price, quantity, matching status, and transaction results, among all details. Data related to spot trading and contract trading can be viewed. This highly transparent data presentation provides users with a fair and just trading environment, avoiding information asymmetry and the possibility of market manipulation, thereby enhancing user trust in the platform.
Third, it addresses the issue of high trading fees.
The LN Exchange trading platform is favored by users for its low trading fees and is about to launch a promotional rate activity to further reduce users' trading costs and enhance the trading experience. The specific fee rates are as follows: in spot trading, the maker fee is 0.08%, and the taker fee is 0.1%. In contract trading, the maker fee is 0.02%, and the taker fee is 0.05%. In addition to low trading fees, users can also earn points through trading to exchange for platform tokens, making it more efficient for users to trade digital assets.
Four, users self-manage assets to ensure fund safety.
To address the challenges of asset management, LN Exchange introduces a hybrid custodial framework to enhance users' self-management capabilities and security of their assets. These measures effectively resolve users' issues in asset self-management, providing them with a safer and more efficient asset management experience.
In terms of custodial management, LN Exchange continues to provide current custodial services, with users' funds securely stored on LN Exchange's lightning nodes. In the future, the platform will introduce the Pocket Universe system, requiring both node operators and users to jointly approve any fund transfer requests, further enhancing security measures to ensure the safety of user assets.
In terms of user self-regulation, LN Exchange v1 allows users to withdraw assets after completing a transaction and store them independently with LN nodes. The platform is gradually realizing partial and complete self-custody transactions; after trading is completed, users' assets will be automatically settled on the lightning network, allowing users to manage their assets more flexibly.
LN Node, as a lightning node management solution, eliminates the complexities associated with setting up, managing, and providing liquidity on the lightning network. Users can easily manage their nodes through natural language commands or a web interface, achieving self-custody and interacting with Lnfi. Additionally, users can access node and account records, ensuring complete transparency.
Self-regulatory characteristics:
Allows users to withdraw assets after trading and store them independently.
Through automatic settlement via the lightning network, users can manage their assets more flexibly.
Five, advantages of contract trading.
1. Sufficient solvency.
LN Exchange allocates 10% of trading fees to a contract trading insurance fund to cover some excess losses (negative equity) caused by forced liquidation. This mechanism aims to effectively reduce the risk of automatic liquidation and enhance users' sense of security and confidence in contract trading.
2. Best trade execution.
To ensure optimal trade execution, LN Exchange offers a highly competitive fee structure. In contract trading, the maker fee is as low as 0.02%, while the taker fee remains at 0.05%. Additionally, users will receive extra LN point rewards.
The platform promises to provide the lowest slippage and minimum price difference for trading liquidity, with bid-ask spreads as low as 0.001%, and provides over $2 million in depth within a 0.05% price difference range, ensuring users enjoy an efficient and smooth trading experience.
3. Trading data is public and transparent.
As the industry's first exchange with completely transparent trading data, both spot trading and contract trading data are viewable. The Explorer browser feature developed by LN Exchange allows users to view the submission and matching information of each trade order. Through the platform's browser functionality, users can transparently understand the entire transaction process, including the order initiation time, price, quantity, matching status, and transaction results, among all details. This highly transparent data presentation provides users with a fair and just trading environment, avoiding information asymmetry and the possibility of market manipulation, thereby enhancing user trust in the platform.
4. No KYC.
LN Exchange is a decentralized trading platform that does not require KYC (identity verification), effectively eliminating regulatory risks. This design not only protects user privacy but also enhances trading freedom, allowing users to trade digital assets more conveniently.
Summary
LN Exchange is committed to creating a safe, transparent, and efficient trading environment for users. Through the above advantages and characteristics, LN Exchange not only addresses the pain points users face during the trading process but also brings new opportunities for digital asset trading.