QASH is a token born out of LIQUID, a global trading platform (LIQUID is a financial utility that benefits the entire crypto economy. It’s a platform where token issuers, token holders, innovators, and users of next-generation financial services can all benefit from increased liquidity). QASH can be used in transactions worldwide and to pay for trades conducted on QUOINE, fully leveraging its utility.
QASH is a digital encrypted token issued by the Japanese company QUOINE, one of the first licensed Japanese "virtual currency exchanges" and a global fintech firm. As an ERC-20 token on the Ethereum network, QASH serves as payment for transaction fees on the QUOINE LIQUID platform.
Project Highlights
The team has significant strength, with a stable track record of operations. QUOINEX has processed over $12 billion in transactions annually over the past two years. The project has robust technical and financial backing, with a formidable advisory board. The QUOINEX trading platform was established by professionals with backgrounds in investment banking technology and risk management who place a strong emphasis on compliance and regulation, ensuring the platforms legitimacy.
The business logic is clear and reasonable, with innovative technological approaches. The development team is mature, and the roadmap is well-defined. Based on the teams historical performance, they have the capability to achieve their product goals.
The issuance of QASH standardizes and unifies service fees for cryptocurrency trading. Leveraging its large-scale trading platform provides assurance for the issuance and promotion of QASH, with its value proposition comparable to BNB (Binance Coin).
Qashs strength lies in the QUOINE platform, whose QUOINEX trading platform currently ranks among the top five globally in terms of trading volume. BNB (Binance Coin) serves as a good benchmark for Qash.
Use Cases
Qash is used to pay for service fees on the QUOINE LIQUID platform. Additionally, Qash can also be used to cover fees on other platforms.
Opportunities
Initiated by a top-tier global exchange, legally authorized in Japan.
Backed by a powerful investment team, including SoftBank, known for its solid investments.
Partnerships established with Binance and Dash.
Although the hard cap reaches $150 million, as explained by the CEO, the project focuses on liquidity, enhancing it across various exchanges. Compared to traditional financial institutions like Citibank and JPMorgan Chase, $150 million is insufficient for liquidity purposes. As the token appreciates, it ensures adequate liquidity funds.
Risks
Facing intense competition from numerous large exchanges.
Low community engagement and interest on social media platforms like Twitter and Telegram.
Summary
Cryptocurrency exchanges around the world face a common issue: lack of liquidity. These exchanges offer similar services and trading options but have isolated sources of liquidity. This presents an opportunity that QUOINE has identified. The company envisions a global liquidity pool that can collaborate with multiple exchanges. With a strong investment team, its evident that these investors have insightful perspectives.
Additional Resources:
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