QASH Token – All Details at a Glance

 6. November 2018      
 QASH Token   

The QASH Token is the crypto currency of the QUOINE LIQUID platform. The development is intended to create a global, decentralized platform that solves the liquidity problems of the crypto currencies and simplifies the purchase and exchange of coins.

QASH Token – What is this Bitcoin profit good for?

The QASH crypto currency is an ERC20 token, so it is based on the Ethereum blockchain tested by the review of the Bitcoin profit. The primary function of the token is to serve as a means of payment within the platform for different services. In addition, holding tokens on the QASH wallet should also be rewarded with benefits and give the opportunity to invest in initial Bitcoin profit coin offerings that take place on the QASH platform. According to the developers, the token has the potential to replace Bitcoin as a means of payment.

The main goal of the development is the QUOINE LIQUID platform. This platform aims to bring liquidity to the crypto currency business. Many traders face the problem that most crypto currencies are tradable on a small number of exchanges. If one would like to exchange between the different coins, this project usually includes several accounts on different stock exchanges, several conversions to Bitcoin/Ether or the purchase with Fiat money. Or in short: It can be extremely cumbersome. In addition, there are multiple fees involved. The QUOINE LIQUID platform connects these exchange exchanges with each other.

QASH Token – Who is the Bitcoin trader behind the crypto currency?

This is done, among other things, by the World Book. This collects all prices of the Bitcoin trader exchanges and makes them available in a clear list. Thus the Bitcoin trader sees immediately the cheapest price of the desired crypto currency. At the same time, this system also gives unknown and small exchange exchanges the chance to be discovered. With two “books”, the Internal Order Book and the External Aggregate Order Book, the platform is supposed to create exchange pairs between two currencies, which otherwise would not exist, because the crypto currencies are distributed on different exchange exchanges.

In most cases, an alternative coin can only be exchanged for Bitcoin or Ether, but this should make it possible to create completely new exchange pairs. Several technologies make these transactions possible: Matching Engine is able to process several million transactions per second. The Cross Currency Conversion Engine automates and makes possible the conversion of crypto currencies. Finally, there is Smart Order Routing, which monitors and lists the exchange exchanges. Prime Brokerage is like the user interface of the platform. This gives you access to the exchanges as if you had an account there. This is what makes trading possible in the first place.

QUOINE was founded in 2014 by Mike Kayamori (CEO) and Mario Gomez Lozada (CTO). Kayamori was previously Senior Vice President of SoftBank Group and Chief Investment Officer of Gungho Asia. Lozada was CTO of Merrill Lynch in Japan for 11 years, after which he became Information Manager at Credit Suisse Japan. The team also includes other financial specialists, often with an Asian background, as well as other software developers who take care of the technical side of token development. QUOINE is the first crypto currency company to be officially licensed by the Japanese Financial Services Agency. The developers already maintain the exchange platforms QUOINEX and QRYPTOS, which will be integrated into the network of the QASH token.