Currently, each crypto exchange has its own level of liquidity that differs between the trading pairs it offers. This creates individual silos that may have great liquidity on one exchange but not on another. The Liquid platform connects these silos into one combined pool to give you the greatest liquidity possible. QUOINE sees QASH as being the preferred payment token for a range of financial services, in a way similar to Bitcoin but in the financial sector.
How Does LIQUID Work?
- Bringing together a global network of cryptocurrency exchanges to enable the highest level of market liquidity is the name of the game.
- The ME is an industry leader with the ability to process several million transactions per second.
- They are the first cryptocurrency firm in the world to be officially licensed by the Japanese FSA.
- The availability of a diverse selection of trading pairs makes QASH a versatile token for crypto enthusiasts.
- Just like Indeed coexisted for decades with sites like Monster, LinkedIn, and CareerBuilder, Liquid aims to strengthen the bond cryptocurrency exchanges have in 2019 and beyond.
- In the LIQUID platform that combines the World Book and Prime Brokerage, QUOINE uses multiple technologies and methods.
So far, this project has attracted a lot of positive attention, even though it remains to be seen how the rest of the world will respond. Liquid Prime Brokerage makes all the functionality of the World Book accessible to users through reports, charts, and a GUI. The Prime Brokerage lets you initiate trades and extend lines of credit using your cryptocurrency balances. QASH tokens are used to pay fees, collateralize credit, and perform transactions on Quoinex and Qryptos, which have been rolled into the Liquid platform. Quoine was founded in 2014 by CEO Mike Kayamori and CTO Mario Gomez Lozada to make it easier to cash out cryptos. It’s the first cryptocurrency firm to be officially licensed by the Japan Financial Services Agency (FSA), and its platform also combines the Quoinex and Qryptos cryptocurrency exchanges.
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It was designed to be used as a form of payment for services on the Liquid platform, and also to power the Liquid network. QASH is an ERC-20 token that runs on the Ethereum blockchain, and it can be used to purchase goods and services from merchants who accept it as payment. The goal of QASH is to make cryptocurrency payments more accessible and secure for everyone.
How Does QUOINE Resolve This?
If this is realized, the QASH token will be used by an entire ecosystem of financial services. QUIONE was founded by veterans of the banking industry, Mike Kayamori and Mario Gomez Lazada. Although the company was founded in early 2014, the QASH token sale wasn’t completed until Q4 2017. 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.
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- After thorough research, I believe the Liquid+ platform is a game-changer in the crypto space but requires significant effort to fully comprehend.
- Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.
- We will also take a look at the most important barriers that have to be overcome if the token is to reach new highs.
- Right now, those resources are sealed, which creates liquidity problems more often than not.
- The QUOINEX and QRYPTOS trading platforms perform over $12 billion of transactions each year.
- The team also emphasizes in their whitepaper that other organizations may use it for their own purposes similar to how some financial institutions use the Ripple XRP token.
The Quoine platform certainly sounds like a winner, but until there’s a functioning Liquid Platform that does what Quoine is claiming it will do there’s no way to know. The vast number of partnerships show there’s great backing for the coin from within the industry too. The Quoine platforms are not meant to be decentralized, so it shouldn’t come as a surprise to learn that the QASH token is currently quite centralized. One address holds nearly 65% of all the tokens, and the top four addresses hold over 80% of the available tokens. The World Book will be a part of the planned Liquid Platform, as will the Prime Brokerage, which will provide users with an advance selection of trading tools. The World Book works with a technology called the Matching Engine, which was built from scratch specifically for the Liquid Platform.
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QASH is currently an ERC-20 token which allows you to store it any way you would store another ERC-20 token. QASH is well positioned to take advantage of the growing trend of Institutional investors entering the space. I’m mildly concerned that they haven’t what is qash decided what technology they’re planning to build on. The CEO mentioned HashGraph because “no other blockchain can handle their demands.” While I don’t know if that is true, there is a lot riding on solving that problem and the clock is ticking.
Chateanos