Quoine: QASH Token Review And Reports

Cryptocurrency industry started operation about 9 years ago with the inception of the strongest digital asset out there, Bitcoin. Following Bitcoin are countless Altcoins that have also been heavily accepted by the crypto industry and are having massive market capitalization. Blockchain technology has continued to grow and many different industries have built their ecosystems on this revolutionary technology.

As new companies join the crypto world, many of them build their own protocol tokens either on a standalone, independent Blockchain or like many that we know, on Ethereum ERC 20; which is where the Quoine Liquid token, QASH is built on. The Blockchain technology has given room for any enterprise founded on it to create their own protocol token. Such tokens are created and distributed by ICO managers to the people who supported their projects, to hold onto as a form of a liquid for their money which they invested in the projects and also as a means of rewarding them for investing and believing in the projects.

QASH token

QASH is the protocol token of Quoine’s Liquid platform which can be used to gain access to a range of services available on the platform for crypto traders. Liquid provides liquidity in the crypto market by making all top exchanges available to all crypto traders without the need of being their (these top exchanges) clients. The Liquid was able to achieve this by connecting these exchanges in a World Book network and to a single liquidity. And to power this exchange, Quoine created a protocol token, QASH which is created on Ethereum ERC 20. This QASH token can then be used by traders to gain access to the services rendered on the Liquid platform as well as other Quoine exchanges; QUOINEX and QRYPTOS.

Application of QASH token

QASH token is created to be used for two different purposes. One is what we have mentioned before; to pay for services available on all the three Quoine’s platforms – Liquid platform, and QUOINEX and QRYPTOS exchanges. The other usage of QASH token is that it can be traded on open markets. So, while many will buy the QASH tokens to use them to pay for services that they get on Liquid platforms, some people will buy them to hold them for a while, and then sell them when the value rises in the market.

Naturally, traders get to hold QASH tokens in return for enjoying Prime Brokerage (which is the suite of tools that reduce counterparty risks which comes along with trading on multiple exchanges on the Liquid platform) and other services such as system co-location, automated trading strategies, and trading tools.

QASH token sale process

One of the major challenges facing the cryptocurrency industry today is the security concerns. Several millions of USD has been lost to hacking attacks and other forms of theft. To make matters worse, these exchanges that suffered hacking attacks and other forms of theft do not provide any compensation to the crypto traders who fall victims. Exchanges are being attacked through weak spots left by their security systems. To counter this problem, there is a need for ICO platforms to have strong security systems that can resist any attack that comes their way. That is why Quoine has placed tough preventive measures to ensure that the tokens being sold out are safe and that their systems do not leave weak spots through which attacks can come in.

All participants buying QASH tokens will have to pass through some stages of preventive measures to ensure that they do not lose their tokens to hacking attacks or careless and forged transfers.

Reasons why QASH will rise in value in no time

The QASH has several usages and one of them is to be used to pay for services available on the Liquid platform. Since Liquid will boost the liquidity of crypto market in general, there will be a huge need and demand for this token very soon. When a token has such a great potential and usage, it is only a matter of time before its demand increases massively. As the demand increases, the price (value) of any commodity rises as well.

Quoine does not want to limit the usability of QASH token to Liquid and their other exchanges; QUOINEX and QRYPTO. That is why Quoine has already commenced discussions with many Fintech enterprises and the new startups to establish a relationship where these companies can use the QASH token in giving out their services to the people. That means the QASH token's usability will not be limited to Quoine platforms. If this becomes the case, and the financial industries accept the QASH token totally, this token has a very high potential and its liquid attribute will make it rise in value in no time.

QASH Blockchain

As at the press time, QASH token is not built on an independent QASH Blockchain but it is instead on Ethereum ERC 20 token standard. However, by the second quarter of 2019, QASH Blockchain will be built and the QASH tokens will be moved to this new Blockchain. As soon as this Blockchain is built, not just the QASH token but all Quoine services will be moved to the new Blockchain – the QASH Blockchain.

The QASH Blockchain will be architected to offer sophisticated tools that will allow other Blockchain enterprises, especially those in the financial sector to be able to build scalable financial services on the Blockchain. This will increase the potential of QASH token and will make it more valuable.

QASH token report

As at the press time, QASH token is ranked 86 in the world and is traded at $0.213996 USD which signifies -0.51% drop in value in 24 hours. It is currently traded at 0.00003404 BTC which represents -0.33% drop in value and 0.00108955 ETH showing a 0.31% drop in value all in 24 hours. QASH token is currently having a market cap of $74,898,517 USD, 11,913 BTC, and 381,343 ETH. Exactly 350,000,000 QASH tokens are circulating in the market from the total supply of 1,000,000,000 QASH.

QASH is a token of high potential and usage. It is only a matter of time before this token feels the power of the liquid and rise I value massively.You can watch and track the QASH token on Coinmarketcap.

Get more information about Quoine from the links provided below:

Project Website
Products & Services: Liquid and QASH
Quoine Team
Quoine Story

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Disclaimer

The information contained here shall not be used as a guide in your next crypto trade. The writer is not a financial advisor but a crypto trader just like you. Information presented in this post is for educational use only.