What is Liber Ltd? A Blockchain-Based Forex Trading Platform With Its Own Token

Liber Ltd, incorporated back in 2017, better known as Liber Forex, is a global forex platform that acts as a one stop shop for trading and investing. It’s authorized and regulated in Belize by the Belize Securities and Exchange Commission.

Getting Started

Signing up on Liber Ltd is easy. All you have to do is visit the official website and register a new account by providing your personal details like name, email address, phone number, residence address, and setting a strong password. You will also be required to verify your account by uploading a photo of your official ID and a utility bill that shows your name and residence address clearly. The documents will be reviewed, and if everything checks out, your account will be approved.

The next step involves funding your account, which can be done through crypto, i.e., BTC and ETH or fiat currencies via debit/credit cards. The minimum deposit allowed is $100, which is fair compared to most forex brokers, and once the funds hit your account, you are free to trade. Liber Ltd offers two types of accounts; a real account and a demo account. The demo account comes in handy for new beginners who can practice how to trade and get a general feel of how different aspects of the platform work. And it is essential to the experienced traders who can test different strategies here under normal market conditions without risking their capital.

Markets on Offer At Liber Ltd

Liber exchange employs a third party’s services for its trading; MetaTrader 5 an advanced trading system that allows users to customize different functions, including automating trades. It’s accessible via the web, a desktop program, and mobile for android and iOS users. Other available markets on the platform include stocks, cryptocurrencies, indices, and commodities on top of forex currencies.

What helps Liber Ltd stand out from the typical forex trading platforms is the technology behind it. This includes artificial intelligence incorporated in the trading system, allowing the platform to automatically analyze any issues and automatically offer a resolution. Big data helps archive the data of millions of users worldwide and offers valuable statistics, and finally, there is the blockchain, which guarantees security from bad actors.

The Libfx Token

To mobilize support within its community and expand its reach, Liber exchange launched Libfx token, which serves as the platform’s primary mode of payment. It’s an ERC20 token with a total supply of $35,000,000. On top of being used as a payment method on the trading floor, the Libfx token offers its users access to special promotions and discounts. Also, owners of the token have exclusive rights to purchase Liber Ltd stock once it’s listed on the stock exchange floor.

The token can be purchased on the official website of the exchange using ETH. Once purchased, Libfx is stored in your account for six months where you can’t withdraw or sell it. 

From the seventh month, you can take out 5% of the tokens purchased each month.

The plan to expand its market by offering a token seems to be working and as Libfx grows in popularity, so does the Liber exchange. The utility token was listed on coinmarketcap.com by the end of August, initially trading for $22 per token. It would peak a few months later, trading as high as $74, but there has been some consolidation since then, and it currently trades around $47.

Why Trade on Liber Exchange?

Liber exchange appears to offer several perks that make it a viable trading option for anyone looking for a platform that isn’t conventional. It takes less than five minutes to sign up, fund your account, and begin trading. Once signed in, you can access over 75 markets with high liquidity. 

The exchange can be trusted since various authorities regulate it around the globe. There are plenty of tools available to assess multiple markets and make informed trading decisions. And there is responsive customer support that will help out if you get stuck on the platform.

Additionally, you can trade from anywhere since the platform is supported on various devices without having to worry about the safety of your account since it’s highly secured through sophisticated cryptographic encryptions.

Liber Ltd has pioneered non-concentration technology to create the first forex platform where transactions are safe, private, and secure. The use of blockchain technology offers the platform a competitive advantage by increasing its transaction speeds and safety. Consequently, this has boosted the number of transactions taking place on the platform, and many users are excited to use the exchange.  

The Libfx token doesn’t only serve the exchange transactions but can become the most valuable and well-established tokens on forex platforms worldwide.

With things looking up, the exchange is working on expanding its territory, and it’s looking for talented managers and engineers to run its various offices around the world.

Angela Scott-Briggs: Editor, TechBullion.com | Interested in Innovations in Business, Finance, and Technology .
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