QASH (pronounced “cash”) is the utility token of the QUOINE (pronounced “coin”) LIQUID blockchain platform and is the fuel that powers all of the services provided on the platform. LIQUID is a product of QUOINE, a global crypto trading platform that wants to solve the liquidity problems associated with cryptocurrencies. At the moment, investing in cryptocurrencies involves going through multiple exchanges, making transfers, and then initiating trades between Bitcoin/Ethereum, fiat currencies, and the coin the investor desires. Cashing out into fiat is equally as complicated.
The QUOINE team believes liquidity is the lifeblood of any asset in the financial industry. QUOINE’s existing crypto trading platforms, QUOINEX and QRYPTOS, are some of the most advanced in the world with annual transactions of over $12 billion USD. LIQUID was designed to provide liquidity to the non-liquid crypto economy. The platform is built on top of QUOINE’s existing smart order routing, cross currency conversion engine, and matching engine technologies.
LIQUID’s defining feature is World Book; a multi-market order book that aggregates every liquidity source across the globe into a single highly liquid tradable order book, allowing orders to be placed in any currency a user wants. Their Prime Brokerage is made up of a suite of services that provide users with tools to increase ROI and reduce counterparty risk. It offers users fiat management, real-time reporting, direct market access, and crypto/fiat credit facility.
The platform combines its Prime Brokerage and World Book with services such as “crowd-sourced” AI-driven algorithms, system co-location, automated trading strategies, and QUOINE’s proprietary trading tools to efficiently serve all client requirements. QUOINE’s goal with LIQUID is to build a solid, global financial utility that can become a complete financial ecosystem for the crypto economy.
QASH Pricing, Market Cap and Volume
There is a maximum available supply of 1,000,000,000 QASH. The tokens are distributed as follows:
– 350,000,000 QASH (35%) was sold during the ICO
– 300,000,000 QASH (30%) is allocated to the community/ecosystem
– 200,000,000 QASH (20%) is held by the team and investors
– 150,000,000 QASH (15%) is held by strategic partners and institutional buyers
QASH is currently built on top of Ethereum’s ERC20 token standard. QUIONE expects to create its own blockchain (QASH blockchain) in Q2 2019 that will have specific financial industry requirements already built in. All QUIONE services will be migrated to the QASH blockchain and existing ERC20-based QASH tokens will be exchanged for a newly created token.
How QASH Works
QASH is used to pay for services on the LIQUID platform and QUIONE’s exchanges, QRYPTOS and QUOINEX. QASH is a utility token, and while it is tradable on the open market, it is not meant to be held as a security. The token doesn’t represent any equity in QUOINE and won’t entitle holders to voting rights or dividends from any QUOINE products. However, QASH holders will receive special promotional products, discounts, and ICO investment opportunities with coins the platform helps to launch.
QUOINE is reportedly having talks with a number of partners and financial institutions to make QASH the preferred payment token for new and existing financial services.
QUOINE LIQUID vs. Other Crypto Exchanges
There are several blockchain-based platforms that are attempting to fulfill LIQUID’s use case. Good examples include Kyber Network, 0x, and Blocknet. LIQUID is different because it is a completed product backed by QUOINE, an established crypto company with two existing crypto exchanges under its belt. LIQUID stands out because:
Connection to Exchanges – LIQUID’s World Book is already connected to over 15 cryptocurrency exchanges across the globe. The developers have performed extensive due diligence to assess counterparty risk and have implemented a tiered monitoring system.
Regulated by the Japanese Government – QUIONE’s parent company is licensed by the Japan Financial Services Agency. It is the first global exchange to be officially licensed and regulated at the country-level—bringing reliability, security, governance, and compliance across a range of products and services.
Compliance and Security – LIQUID and all other QUOINE products strictly comply with Financial Action Task Force (FATF) guidelines when they operate in jurisdictions where the crypto industry is not yet subject to specific anti-money laundering rules.
Improving Issues with Lending and Liquidity
QUOINE management team has a lot of experience in the finance and technology sector. They built QUOINEX and QRYPTOS, and now with the LIQUID platform, they can offer users a variety of services aimed at improving the current issues with lending and liquidity i nthe cryptocurrencu markets. The two main areas they are focused on include:
Crypto Lending – holders may lend their assets for a fee at QRYPTOS. This adds liquidity to the crypto market and provides traders who trade on a margin with the necessary inventory.
Token Liquidation – token holders can use the platform to liquidate large amounts of a specific crypto token without having to depend on third parties and without disrupting the token’s market value.
Buying, Storing and Selling QASH
QASH can be acquired directly from QUOINEX for Japanese yen (JPY) or U.S. dollars (USD). The token is also traded on QRYPTOS, Huobi, Ethfinex, Gate.io, and EXX. QUIONEX and Huobi have the highest trade volume.
As an ERC20 token, QASH can be stored on any Ethereum wallet that supports that standard, including Mist, MyEtherWallet, Parity, Jaxx, and MetaMask. For secure long-term storage, hardware wallets like Ledger Nano S and Trezor are your best bet.
Liquidity of QASH
QUOINE wants to bring liquidity to the crypto world using LIQUID’s World Book, Prime Brokerage services, and QASH token. By merging the order books of different exchanges around the world, LIQUID could ensure crypto investors can easily convert fiat currencies to any cryptocurrency and vice versa.
The success of QASH is directly tied to the LIQUID platform’s success. As the demand for the LIQUID platform grows, the utility of QASH will increase and its value will go up. LIQUID is scheduled to launch in Q2 2018.