This generation is lucky to have or witness the advent of cryptocurrency and the opportunities it has provided. Lately, cryptocurrencies have been the limelight on all social media and every news channels globally as a result of its strict restrictions and setbacks some countries like China has imposed on them. But nevertheless, cryptocurrencies have never taken a No for an answer as it still stands firm in terms of investment and the distribution of currencies.
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What is a token
Basically, when we speak of cryptocurrencies, we make no mention other than "assets". To some extent serves as money, but in the crypto space its a whole different thing entirely. Take for instance Bitcoin (BTC), its the initial token in cryptocurrency. It has maintained the number 1 spot since inception, this is because its the oldest, most valuable and ultimately the most used. 1
In other words, a token is a unit of value or worth that has been proclaimed by a project or start-up intended to draw the attention of the public to a new project or initiative. Blockchains are the backbone of tokens, in fact, the majority of the tokens we have today are based on the ERC20 compact implemented by Ethereum.
Tokens are different from bitcoins and altcoins in that they are not mined by their owners nor primarily meant to be traded (although they may be traded on exchanges if the company that issued them becomes valuable enough in the eyes of the public), but to be sold for fiat or cryptocurrency in order to fund the start-up's tech project. source
Background of Quoine
Quoine is a decentralized and lucrative company that provides its users with crypto trading and exchange. This innovative technology is powered by the blockchain technology. Unlike other cryptocurrencies, Quoine is the first global cryptocurrency platform to be officially licensed by the Japan FSA as of 29th September 2017. The platform has the capacity to accommodate over $12 Billion transactions.
Furthermore, Quoine is a decentralized encrypt trading platform that makes it easier for its user to trade virtual currencies as a substitute for Fiat currencies. That's not all, Quoine also expedites the deposits of fiat currencies at conventional banks ranging from diverse Asian and international currencies which include USD, JPY, EUR, SGD AUD etc. Quoine users can also trade with its marginal traders that'll ultimately earn them more interests and profits every day. source
Reviewing the Qash token
The word Qash might sound strange to most of us who don't trade with either one of the Quoine owned exchanges. Qash (pronounced Cash) is a coin that was fabricated by the Quoine platform that will ultimately be used to carry out exchange services on the platform as well as an avenue to boost the platform's liquidity.
Quoine has one goal which is, Uniting all cryptocurrency exchanges and create one, single world order book. source To be more prompt and specific, the same technique XRP implements with Ripple, Qash, on the other hand, applies that same technique with Quoine. To a large extent, Qash is more preferable because of its benefits and the services it renders.
Below are some of the reasons why the Qash token remains outstanding:
- The Qash token will serve as a game changer in the cryptospace - Just as I asserted above, the platform will ultimately bring a much-needed liquidity policy in the crypto-economy. Most crypto exchange platform barely has the time to address the issues concerning liquidity and how a firm can liquidate any of its assets. Quoine will be addressing these issues by providing two strategic products: the world book, and the prime brokerage. These two products will doubtlessly deliver the best liquidity to their users.
- The Qash token has attracted some serious partners - Because of the exceptional qualities the token posses, it has attracted some serious relationships with many of the world's top financial organizations. Recently, they announced their partnership with world-leading exchange Bitfinex, for this reason, the Qash token will be listed on Bitfinex exchange platform where it cant be traded. In times to come, more partnership and contracts will continue to line up as the ICO draws nearer. source
Conclusion:
With all the qualities and exceptionalism Quoine posses, the platform absolutely sounds like a game changer in the crypto-economy and also in reality. No doubts, cryptocurrencies are changing our mentality towards money and how to gain control over them.
DISCLAIMER
I am not a financial adviser, hence this article entails researched words and forward-looking statements. I sincerely recommend my readers to do their own research.
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