What is QASH QASH?

what is qash

Along with that, financial institutions will have means to build DApps on top of the Liquid Distributed Ledger (LDL). If this idea becomes a reality, the QASH token will be used to power an entire ecosystem of financial services. QASH is a native cryptocurrency of the Quoine Liquid exchange and liquidity platform. It is made to become the token of choice for the financial services‘ industry, including institutions, fintech startups, and other finance companies. QUOINE is a global cryptocurrency firm trying to solve liquidity problems with crypto investments.

All these features make it one of the most advanced cryptocurrency trading platforms. It was also one of the first exchanges regulated by the Japan Financial Services Agency. In addition to Quoinex, there is a crypto-only exchange called Qryptos which supports nearly 100 different cryptocurrencies and has recently added an ICO market as well. Emerging markets which are underserved with illiquid local currencies that must interact with bigger liquidity pools to utilize crypto tokens in their home currencies. If the team continues to accomplish their milestones at the same rate that they have, QUOINE will easily change the cryptocurrency industry for the better. The increased liquidity will be good for currencies, great for investors, and amazing for the blockchain industry as a whole.

How Will QASH Solve Liquidity Problems

QUOINE offers a suite of services that provide users with tools to increase ROI and reduce counterparty risk. However, it appears this golden period may be coming to an end as financial institutions and governments finally realized they better get in on the action. https://www.tokenexus.com/beam/ That’s considerably below comparable coin Ripple, which ranks #3 in market cap. QASH has similar capabilities to XRP, but has generated far more partnerships. It’s always encouraging when you see a project whose team has significant experience in the fintech realm.

  • The CCCE powers automated and almost instantaneous conversions between currencies.
  • This is the method behind seemingly impossible trades between users.
  • Through Prime Brokerage, you have direct access to the markets of all the exchanges in the World Book without the need to create an account on each individual exchange.
  • Asides from that, the World Book uses three compartments to source and transfer liquidity.
  • Cryptocurrencies are speculative and investing in them involves significant risks – they’re highly volatile, vulnerable to hacking and sensitive to secondary activity.

This white paper is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. By Q2 2019, QUOINE will create its own blockchain and what is qash migrate all QASH tokens to the new blockchain. CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses.

QASH Breakdown

Increasing adoption of the Quoine network services by fintech companies, financial institutions and other partners will give QASH greater utility. The Matching Engine is based on decades of financial services knowledge and will be designed to process millions of transactions per second. This will give the Liquid Platform immense scalability and will make it the most advanced cryptocurrency platform on the planet. Deposits are typically transferred from one ETH address to another without proper KYC checks, often using a single publicly announced address for purchasers to send their funds. Hackers and scammers take advantage of this by posting fake ETH addresses on forums, and unsuspecting token purchasers end up transferring crypto to the hackers‘ addresses. 15% of the tokens are allocated to strategic partners/institutional buyers.

what is qash

Liquid has a good chance of becoming the institutional platform of choice which would make the QASH token increasingly valuable. In the traditional finance world, the big banks (Goldman, Citibank, etc) provide the vast majority of liquidity. QUOINE is trying to play the same role (offering liquidity) to the entire crypto market.

How to trade, convert or sell QASH

Mike was a SVP at SoftBank group, the chief investment officer of Gungho Asia, and has held senior position in SIlicon Valley VC funds. He’s a capable leader with a likable personality who keeps the community up to date with weekly updates. Liquidity is the lifeblood of any enterprise, market, and our global economy. In fact, the 2008 financial crisis was initially triggered when BNP Paribas suspended liquidation of three of its money market funds citing illiquid markets. This lead to a run on Bear Stearns and Lehman Brothers ending in their demise.

what is qash

Because QUOINE enters a few different financial sectors, the company has quite a few competitors. On the exchange side, there are numerous other businesses like Binance specializing in alternative coins or Gemini and Coinbase focusing on fiat to crypto conversions. QUOINE is the first cryptocurrency firm in the world to be officially licensed by the Japan Financial Services Agency (FSA). The QUOINEX and QRYPTOS trading platforms perform over $12 billion of transactions each year. With Prime Brokerage, you have direct market access to all exchanges in the World Book without having to create an account on each individual exchange.