The Rise of Legolas Exchange
Founded in France in 2017, the Legolas Project is preparing to disrupt the cryptocurrency market with the launch of its innovative exchange. Aiming for a release in Q3 2018, this new platform has already made headlines by raising over 1,500 BTC—approximately $15 million—during its private sale that wrapped up early this year.
A Strategic Alliance
In a bold move, Legolas Exchange partnered with the Makor Group in November 2017. This collaboration marks a significant step towards establishing a regulated environment tailored for institutional investors. With the steady growth of alternative investments, which are forecasted to reach $18.1 trillion by 2020 according to PriceWaterhouseCooper, it’s clear that the demand for secure trading platforms is skyrocketing.
Catering to Institutional Investors
The CEO of Legolas Exchange, Frederic Montagnon, clearly understands the challenges institutions face. He stated, “Institutional investors want to build crypto portfolios, but they struggle with unregulated exchanges and are uncomfortable with the complexity of holding tokens and rampant price manipulation.” His vision is to create a standardized environment that fosters trust and transparency.
Hybrid Protocol: The Future of Trading
Legolas is not just launching any ordinary exchange; they are working on a premium hybrid exchange that combines aspects of both decentralized and centralized trading. As Chief Product Officer Hugo Renaudin puts it, “The protocol itself is a semi-decentralized order matching protocol.” This means that while transactions will be recorded on the blockchain, the process of matching orders will occur off-chain. Such an approach promises enhanced scalability and efficiency while maintaining transparency and security.
The Road Ahead
All eyes are on Legolas Exchange as they prepare for their public sale on February 1 at 12 p.m. GMT. With a cap of 2,000 BTC, they are set to attract attention from various investors. The team’s timeline suggests that a beta version will emerge by the end of Q1 2018, aimed first at institutional heavyweights before rolling out to a wider user base.
In a nutshell, Legolas aims to blend the best of both worlds—regulation and innovation—to create a seamless trading experience for both traditional and digital assets. Whether you’re an institutional investor or just looking to dip your toes in the crypto waters, Legolas could soon be your go-to hub.
