Quoine - Increasing Liquidity in Cryptocurrencies

Quoine

Quoine Pte. Ltd is a Tokyo based FinTech company. It was incorporated in 2014 by individuals with substantial expertise in the “traditional” business world "Mike Kayamori" and "Mario Gomez-Lozada".

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Quoine is the first crypto company to be regulated by JPFA (Japan Financial Services Agency) in Sept. 2017 which additionally makes the project an ideal one.

Quoine had launched two exceptional exchange platforms (Quoinex and Qryptos) that had been among the finest platforms in the markets which later merged to breed Liquid in 2018.

Quoine which was later known as Quoinex (pronounced as coin exchange) was the first product that Quoine created in 2014.

Qryptos was another digital cryptocurrency exchange launched by Quoine in June 15, 2017.

Quoine developed Crypto exchange platforms with the goal of solving constrained liquidity in crypto investments by propagating access to exchange digital assets with fiat currencies. Qash (pronounced as cash) is the native token of Quoine.

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Traders or investors find it difficult to trade or invest in digital currencies that are not in the coinmarketcap top 10.

Traders or Investors have to sign-up on different exchange platforms, convert fiat to an asset with bigger market cap (BTC, ETH) after which exchange it to the desired altcoin. It takes an equivalent process when traders or investors want to cash out altcoins.

These strategies make it intricate for investors to put money in altcoins. In addition to that more fees are additionally taken when making use of those tactics which results in illiquid digital assets and makes digital assets stay undervalued.

Liquidity is among the major concerns for a token to rise up in price. "Liquidity simply means the ability of an asset to be easily converted into cash at an instance or when it is ready on demand". High liquidity implies that a token will get a wider view and more investors can invest in it.

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Quoine's Vision

Quoine aims to solve digital assets illiquidity by innovating a platform (Liquid) where investors can buy and sell altcoins easily with chosen fiat currencies.

Quoine is a Tokyo-based fintech company that makes financial services available to all by providing trading, exchange, and next-gen services powered by blockchain technology. source

Quoine Pte. Ltd is the first global crypto firm to actually be licensed by the Japan Financial Services Agency with offices in Japan, Singapore, and Vietnam.

There are a lot of exchanges at this time within the crypto world, however, Quoine is a great competitor with the intention to revolutionize how traders and investors trade or invest in digital assets with fiat currencies. Buying and selling crypto with fiat is a high-quality liquidity compared to pairing cryptocurrency collectively.

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Liquid is an excellent crypto exchange platform where traders or investors can trade or invest in digital assets with fiat currencies. On Liquid exchange, users have access to a global network of many different crypto exchanges.

Liquid by Quoine is a new cutting-edge cryptocurrency platform that offers top security and liquidity. Easily buy and sell digital assets using Bitcoin, Ethereum, QASH, and multiple fiat currencies. source

This gives users the most liquidity as they can use the platform to match trades across many different decentralized platforms and find trades by encompassing two main techniques: World Book and Prime Brokerage.

Word Book is a technique on the Liquid exchange platform that gives anyone the potential to buy or sell digital currencies with fiat currencies by listing all prices and orders from exchanges worldwide. It's primarily based on three systems (Matching Engine, Cross-Currency Conversion Engine, and Smart Order Routing)

Prime Brokerage is a technique on the Liquid exchange for users to access the features provided through the World Book.

It is basically an interface for direct market access to any exchange listed in the World Book without the need to actually go and create an account for each one. source

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Qash token

Quoine is fueled by the Qash token.

Qash is an ERC-20 token built on Etherium network, It is used to pay for services on Quoine and comprises of additional benefits for holders.

Qash can be kept on any ERC-20 supported wallets like myetherwallet, coinomi...

Qash token was raised through an ICO last year 2017 organized by Quoine.

After the ICO, Qash surged up to $1.48. Qash highest price till date is $2.47 [14-Jan-2018]. Due to the dips in crypto markets, Qash present price is $0.22 [25-Sept-2018].

Qash raised 105M USD during the ICO with the estimated price of 0.24 USD per token within two days [06 Nov 2017 - 08 Nov 2017].

Qash can be bought or traded on several exchanges mentioned below.

• Liquid
• Huobi
• Hotbit
• Gate.io
• IDEX
• GOPAX
• LATOKEN

Quoine is presently built on Ethereum but plans to move to its own chain within the second quarter of 2019 and migrate all of the QASH tokens to it.

Inference

With the roadmap of Quoine, been the first global crypto firm to be licensed by JPFA and developed by well-skilled co-founders in the traditional business world, Liquid is indeed an excellent crypto exchange competitor that looks promising.