It’s easy and friendly.
Tokrex TLQ is a friendly and simple language that lets you quickly write cross-chain applications.
Typically, these are applications hold, exchange, auction, or trade values across various
blockchains. That's why it is called "trading language". TLQ's exceptional reading friendliness also
allows people without programming skills to easily create cross-chain contracts.
TLQ runs on a decentralized network infrastructure doing most of the heavy lifting for you. The core
of the technology is agnostic cryptography, which keeps and manages the values of all blockchains at
an
unprecedented level of security. Thanks to its agnostic nature, Tokrex just harmonizes wonderfully
with the decentralized and
disintermediary nature of the Distributed Ledger Technology.
Simply transcendentally.
It is not only the world's first agnostic crypto platform, but also unique in design. First, it is
holistic and covers all dimensions of cross-chain trade. Second, it is designed for the
inclusion of financial solutions and operates at its core as a global liquidity pool, called the
Agnostic Grid. Third, it is based on the most advanced distributed crypto custody technology, the
agnostic layer, that raises security to an unparalleled level that goes beyond today's standards.
So it's pretty innovative, not to say groundbreaking. And the best thing for you is that you can
build a sheer infinite variety of solutions on top of it. Do not worry, if you've never heard of the
idea
of agnostic systems, relax, because we'll upgrade you to the next level on this page quickly.
Limit Orders
Limit
orders are simply
one-liners. TLQ follows
the concept of offer
and acceptance.
TLQ
1
2
offer 1.3 BTC for 68.830 ETH
3
signed by account
0001233322
4
Offer and Acceptance
Each offer can be accepted by a contract. As you
can see
contracts can also refer to one or more offers, provided the original intentions are met.
PREV TX
offer dKYWwnRHc7Ck (seller)
2
offer 1.3 BTC for 68.830 ETH
3
1
contract
with
seller
on
offer
dKYWwnRHc7Ck
2
buyer gives 63.860
ETH to seller
3
buyer gets 1.3
BTC
from seller
5
signed by buyer with account
0001233322
TLQ
Cross-chain assets
In addition to native cryptocurrencies, you can easily define assets and tokens by simply
specifying a smart contract or issuer address. You can use your new symbols as usual in
contracts or offers.
It's that easy to use up to 200,000 crypto assets in Tokrex. Tokrex supports
Ethereum, Bitcoin,
Stellar,
Tron, Neo and soon Bitcoin Cash (SLP).
TLQ
1
offer 400 MRK for 8832 SLT
2
3
MRK is erc20 on
eth at
4
0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
5
6
SLT is default on
xlm at
8
GCKA6K5PCQ6PNF5...DYHDOI244V47XKQ4GP
9
signed by account
0001233322
Partial Execution
The liquidity provided by offers can be partially consumed. In this example contract, the
liquidity is
drawn from two offers. The second offer remains partially filled. This is perfectly fine as
the Tokrex chain tracks all executions and other market participants can absorb the
remaining liquidity.
In addition, the contract shows that liquidity can be drawn even from different markets
with a single contract transaction (here ETH and USDC).
PREV TX
offer dKYWwnRHc7Ck (seller1)
1
offer 0.5 BTC for 32.332 ETH
PREV TX
offer jF73PHhRCPSx (seller2)
1
offer 1 BTC for 8,726.62 USDC
2
USDC is erc20 on
eth at
3
0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
1
contract
2
with
seller1
on offer
dKYWwnRHc7Ck
3
with
seller2
on offer
jF73PHhRCPSx
4
buyer gives 32.332 ETH to seller1
5
buyer gives 4,363.31 USDC to seller2
6
buyer gets 0.5
BTC
from seller1
7
buyer gets 0.5
BTC
from seller2
8
signed by buyer with account
0001233322
TLQ
Liquidity
mining
TLQ becomes brilliant in a decentralized, competitive order matching setting. This called
liquidity
mining by TLQ experts.
Let's take an example. Below, you see three offers from three different dealers. Let's name
them Alice, Bob, and Clara. It does not matter if these offers already exist on-chain or are
just
arriving on the network.
PREV TX
offer dKNjrJmgeue8 (Alice)
1
2
offer 8 NEO for 336 ENG
PREV TX
offer e4Mzvs6MLk4Z (Bob)
1
2
offer 84 ENG for 2 NEO
PREV TX
offer eoMG1RR22aUz (Clara)
1
2
offer 42 ENG for 1 NEO
3
ENG is erc20 on
eth at
3
0xf0ee6b27b759...d28fd15a23e4
1
contract
2
with
Alice
on offer
dKNjrJmgeue8
3
with
Bob
on offer
e4Mzvs6MLk4Z
3
with
Clara
on offer
eoMG1RR22aUz
4
Bob gets 2
NEO from Alice
5
Alice gets 84
ENG from Bob
6
Alice gets 42
ENG
from Clara
6
Clara gets 1
NEO
from Alice
8
matched by Dave
9
Dave is account
0001233322
TLQ
However, it is significant that Dave, who can be anyone on the Tokrex network, can sign a
contract
that matches Alice's, Bob's, and Clara's offerings. The corresponding contract you find in the
example below.
You may wonder why Dave should do that? Simply because he is rewarded by the network for
creating
liquidity with a share of the transaction fees. Does that sound like block mining for you? Maybe
you
already get an idea of why they call it "liquidity mining".
Competitive intelligence..
Let's replace Dave with a node and imagine a large-scale, decentralized network in which each node
competes in creating liquidity as shown. This is a decentralized order matching system with
the
ability
to compute orders in parallel. That makes TLQ very special in terms of
innovation.
..and collective speed.
Incidentally, these nodes are called App Nodes. App Nodes collect transactions from users and
applications for the network and can run linear, multidimensional and customized matching
strategies. A
rapid flow of liquidity is driven by the economic interests of the nodes and leads to a high
degree
of
specialization in the application of matching strategies. Voila, you've just discovered one of the
most
serious designs for a decentralized, competitive order matching system that can compete in
high-frequency settings.
Market penetration
It's no secret that the scaling of consensus methods continues to challenging the blockchain
industry. Of course, this also affects the Tokrex Chain and is critical when you want to publish
on-chain
offers
in high frequency. Similar to Tokrex, the Stellar chain also offers on-chain offers. Although
Stellar
uses like Tokrex a remarkably fast consensus method, this remains a bottleneck in a high-speed
setting.
The creators of Tokrex have therefore given TLQ the opportunity to store and match offers off-chain.
The example shows how you can embed offers in contracts. Depending on whether you are using the
Agnostic Layer as a custody solution or exchange, offers must be signed by either your users or your
service.
In this way, you can use your own HFT engine and the agnostic layer as a custody and settlement
platform.
1
contract
2
with
Alice
on
'offer 8 NEO for 336 ENG
ENG is
erc20 on
eth at
0xf0ee6b27b759...d28fd15a23e4
signed by
...
'
3
with
Bob
on
'offer 126 ENG for 3 NEO
ENG is
erc20 on
eth at
0xf0ee6b27b759...d28fd15a23e4
signed by
...
'
4
Alice gives 3
NEO to Bob
5
Bob gets 126
ENG from Alice
6
matched by HTFEngine
7
HTFEngine is account
0001233322
TLQ
Specialized matching
Multi-Market Matching is a highly specialized matching strategy that aims to balance liquidity
across markets. TLQ enables you to master this supreme discipline of matching with ease.
The example shows three offers in three different markets. The associated TLQ contract balances the
liquidity in a single transaction. It is not surprising that TLQ experts often use this example to
demonstrate the beauty and simplicity of TLQ for completing complex tasks.
PREV TX
offer dKNjrJmgeue8 (Alice)
1
offer 1 BTC for 60 ETH
PREV TX
offer e4Mzvs6MLk4Z (Bob)
1
offer 674 NEO for 1 BTC
PREV TX
offer eoMG1RR22aUz (Clara)
1
offer 60 ETH for 674 NEO
1
contract
2
with
Alice
on offer
dKNjrJmgeue8
3
with
Bob
on offer
e4Mzvs6MLk4Z
4
with
Clara
on offer
eoMG1RR22aUz
5
Alice gives 1
BTC to Bob
6
Alice gets 60
ETH
from Clara
7
Bob gives 674
NEO
to Clara
8
Bob gets 1
BTC
from Alice
9
Clara gives 60
ETH
to Alice
10
Clara gets 674
NEO
from Bob
11
matched by SupremeMatch
12
SupremeMatch is account
0001233322
TLQ
AEX compared to CEX and DEX
Well, if you look at the collateral damage caused by CEX, then you quickly realize that CEX has a
big problem with the centralization of private key security. It is and will be always a magnet for
bad guys because it conflicts with the true nature of blockchains - decentralization.
DEX is much better because it puts the private key security back in the user's hands. However, DEX
has not prevailed because it only allows trading of platform-specific tokens and assets. The success
of CEX has clearly shown that the market demands exchanges that are capable of delivering the
liquidity of many blockchains.
AEX solves this dilemma. It's fair to say that an agnostic layer offers a more advanced security
model than DEX, but you can see it as a decentralized exchange capable of delivering cross-chain
liquidity in real-time. At the same level of comfort as a CEX is doing today, but light
years safer.
Let's shake up the OTC
and multilateral trading industry!
Liquidity unchained and unrisked.
TLQ eliminates transaction costs and counterparty risks. Counterparty
risks became obsolete since the agnostic layer is the utmost secure disintermediary. Enables direct
and riskless
liquidity exchange across chains in the secondary market. This lowers costs, as
intermediaries are needless.
1
contract
2
CryptoFund gives 100
BTC to InvestmentBank
3
InvestmentBank gives 865,312 USDC
to CryptoFund
4
fee is 1.5
BTC
5
Broker gets fee
from CryptoFund
6
Broker gets fee
from InvestmentBank
7
signed by CryptoFund with
account 0001233322
8
signed by InvestmentBank with
account 0001233322
9
signed by Broker with
account 0001233322
TLQ
The sample contract shows you how well TLQ runs even sophisticated multiparty trades.
You are in the broker setting? You need to facilitate your trades with dealer-to-dealer liquidity or
give your customers sped up liquidity?
TLQ runs your deals with cross-chain liquidity at an unprecedented degree of security.
However, one
fact is non-negotiable: we designed TLQ for high readability to ensure your customers see all
aspects of trading immediately.
The inter-exchange market serves as a liquidity provider for exchanges and financial services. Tokrex is attractive to the mid-market because it allows real-time cross-matching of liquidity. Equally important the agnostic layer eliminates counterparty risks and settles in cash.
This results in a variety of new applications. Such as...
☯
collateral-free exchange of liquidity between crypto exchanges.
☯
just-in-time liquidity supply by security dealers and OTC desks
☯
barrier-free access to fresh liquidity for new and cash-hungry crypto
services
Regardless of which asset a crypto asset securitizes, it always behaves like cash. Everyone can transfer it quickly, barrier-free and cost-effective. As a result, using collaterals to avoid credit risks in the mid-market is needless. Its characteristics qualify for an immediate cash settlement.
Agnostic portfolios are like crypto wallets. Compared to wallets, they can keep over 200,000 crypto-assets across blockchains. Agnostic portfolios serve to secure deposits and enable cash settlement. Ergo, players of the inter-exchange market keep their reserves in agnostic portfolios. This guarantees that every trade is asset-backed. As well as it introduces an immediate cash settlement in the inter-exchange market.
Tokrex assures fast executions because it separates clearing and settlement. It carries out clearing through the agnostic ledger. The ledger files all portfolio transactions. Based on the ledger information, one can get an immediate on-chain settlement.
TLQ gives various order matching strategies. Amongst other decentralized, competitive order matching and HFT settings.
Liquidity gets settled once an exchange or its users withdraw. Supply comes from the agnostic
liquidity reserves. Settlement takes place on-chain.
That's Tokrex's agnostic grid.
Liquidity gets settled once an exchange or its users withdraw. Supply comes from the agnostic
liquidity reserves. Settlement takes place on-chain.
That's Tokrex's agnostic grid.
It’s transcendentally.
Tokrex opens up a new world for you, based on advanced agnostic crypto technology. It enables
you to
create unprecedented innovations and powerful blockchain apps. You will hold an easy and
powerful
coding experience in your hands - the TLQ
language. A supreme simple language that enables you to build single, bi- and multilateral
cross-chain apps in matter of minutes. Do you want to transfer Bitcoins or other cryptos in just
a
single second? Then TLQ is fine. Do you want to develop truly multi-cross-crypto decentralized
exchanges without the heavy lifting? Then the agnostic portfolio grid (APG) is your best friend.
Do
want to run apps serving the needs of the OTC and multilateral trading industry? Then you will
evangelize TLQ. Do you want to receive multi-asset payments without any intermediates? Then
Tokrex
is your disintermediary platform.
#upgrade --yourself --beyond-main-line
Do you want to dominate the custody and crypto wallet service industry with utmost secure
innovations? Then the agnostic layer is your daily prophesies. Do you want crypto exchanges
sharing
liquidity across markets and provide inter-exchange services? Then you’ll finally understand
that
Tokrex was designed foremost as global liquidity pool serving inclusion for finical services. Do
you
want to drive the collectibles market (f.e. ERC721) to new highs? Then TLQ becomes your
swiss-army
knife. Do you want to tokenize liquidity-backed ETF or crypto funds? Then Tokrex runs your
business.
Whatever your app wants to do, trade, auction or exchange, TLQ – the trading language - pushes
your
business forward with the support of over 200,000 programmable crypto cross-chain assets, unique
cross-chain experience and the capacity to handle all dimensions of crypto trade.
