QASH (QASH) – Everything You Need To Know

What is QASH?

QASH is the native currency of the QUOINE LIQUID platform which is a cryptocurrency firm that aims to solve the liquidity problem of digital assets. QUOINE LIQUID is planning on achieving this ambitious goal through the use of two mechanisms:

  • World Book: combines order books from different exchanges to one order book with added fiat-pairs. Consists of a matching engine, cross-currency conversion engine and a smart order routing system.
  • Prime Brokerage: direct access to the world book without the need of opening an account on any other cryptocurrency exchange, leveraged trading and lending as well as partnerships with banks for fiat-onboarding.

QASH is an ERC20 token that is used to pay for services on the QUOINE LIQUID platform. When QUOINE creates its own blockchain, all QASH tokens will be migrated to this chain.


History

The project was founded by Mike Kayamori and Mario Gomez Lozada in 2014. QUOINE is the first cryptocurrency firm to be officially licensed by the Japan Financial Services Agency (FSA). A token sale was held in November 2017 where 33% of the maximum supply was issued in exchange for 106,400,000 USD. The price of one QASH was 0.31 USD.

To find out insider news, before-the-public, I advise you to bookmark www.blockchainwhispers.com

Can it be mined?

No, it is a Utility token with the ERC20 token standard format. It cannot be mined or staked.


What differs it from other Cryptocurrencies?

QASH is offered by a cryptocurrency firm instead of a decentralized network. The goal is to unite all order books of different exchanges to one “world book.” This would allow users to have exposure to maximum liquidity without the need of creating several individual accounts on different exchanges.


How much is it worth today?


What is the total and the circulating supply?

The total supply is 1,000,000,000 and the circulating supply at the time of writing is 350,000,000 QASH.


You can buy QASH on several cryptocurrency exchanges, most notably Ethfinex and Huobi.


Can it be sold for cash?

You can sell QASH for cash on several cryptocurrency exchanges that have fiat-pairings, most notably Ethfinex.


Future Development

Prime Brokerage is scheduled to be available in Q4 2018. For 2019 it is planned to expand the service to Investment Banking and Asset Management. QUOINEs own blockchain is expected to be fully launched in Q2 2019, and it is aimed to get a full banking license shortly after.


Verdict and Rating

3/10 The team is very experienced and in the game for several years. Although I don’t see the need for a token to pay for their services. This is not a decentralized network but a for-profit company offering cryptocurrency trading services.

Blockchain Whispers, a well-respected crypto website, often talks about decentralized systems and tokenization. There I learned to spot if a project really needs a native token or not. This is one of my highest recommended secret resources for crypto investors, so make sure you follow their updates if you aren’t already. It’s free, and the link is: https://blockchainwhispers.com/about-2/
3 / 10.0
Page Score:

Disclaimer

The writer’s views are expressed as a personal opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Author

Contributor : Adolph Obasogie

Gb Adolph Obasogie is a Chartered Accountant, and he worked for several years as an Independent Consultant for World Bank projects in emerging markets. As an Emerging Markets Analyst, he has analyzed several portfolios for clients in the Middle East, North America, Europe, and Africa. He has a deep understanding and insight on the workings of Cryptocurrencies and their real-world applications. You can connect with him on Linkedin.

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