What Is Quoine?
Quoine (pronounced “coin”) is a cryptocurrency fintech firm that created the Liquid platform. This Ethereum-based blockchain makes it easier to cash out cryptocurrency coins to fiat cash by compiling orders and prices from multiple exchanges into one world book. Qash (QASH) is the proprietary ERC-20 token used by Quoine’s Liquid platform.
Cryptocurrency investment is still popular, with over $2.5 billion each worth of bitcoin and ether being traded on a daily basis at the end of 2018. But investing in crypto is easier said than done.
Downloading a wallet for a popular coin like Bitcoin or Litecoin often means spending weeks updating the digital ledger before you can even begin. We underestimate how much technical savvy is needed to manage crypto keys, much less the time it takes to buy or sell some cryptos.
You can’t just bring crypto to a bank and exchange it into a fiat currency like USD. You have to sell it on an exchange, and that transaction requires a buyer. If nobody buys, you can sit on a crypto investment for days, even months, and if the project crumbles in that timeframe, you could be stuck holding a dead coin.
This is the exact problem Jordan Belfort exacerbated to become the Wolf of Wall Street (and a thorn in the side of crypto).
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.
We’ll begin our look at Quoine’s Liquid platform by researching Qash (pronounced “cash”), the native ERC-20 cryptocurrency token used by the Liquid platform.
QASH Cryptocurrency Summary
As of June 6, 2019, the circulating supply of Qash is 350,000,000 out of a total supply of 1,000,000,000 QASH. The peak price of Qash so far was $2.33 on January 14, 2018.
The Singapore-based Quoine ICO token…