In one of my previous posts I mentioned Qash as a possible good buy (read on Steemit or Busy.org). Since then, I have done a bit more research, and am growing more impressed with Qash and, more importantly, with QUOINE, the team behind them.

Technicals

QASH has recently had a small pump (January 9th, 2017) from a dollar to 2, and is currently hovering around 1.7$.

600$ mln makes it not too small to be easily pumped but not too large to preclude from an explosive growth. It is already trading on Bitfinex, but is yet to be listed on Binance and Bittrex.

QASH is showing a decent distribution of interest across the world for the "qash coin" keyword in Google Trends, with its peaking in December but going back up at this very moment.

A search for "Qash qsh" on Socialmention.com shows a very positive sentiment with a growing number of people talking about it ("reach").

In terms of price and volume, it seems to be consolidating for another move up. Regardless of the next move, however, here are a few things to consider that make QASH a great long-term investment at these levels in my opinion.

What is QASH

QASH is an asset that doubles as a currency. One use case for QASH is like that of Binance Coin and KuCoin - to provide lower fee transactions on the crypto exchanges belonging to QUOINE (QOUINEX/Qryptos).

The second use case is probably the main selling point. QUOINE aims to establish a sort of an interconnected exchange where QASH can be used a means of exchange. In one of the examples they give, you should be able to make an order on one exchange, and have it executed on another (participating) exchange. More so, using QASH as an intermediary, it is possible to match buyers and sellers regardless of what they buy and sell. For example, if a buyer leaves an order for 1 ether at, say, 1000 dollars, it can be matched to a sell order in a different currency on a different or same exchange (e.g., somebody's order to sell a certain amount of bitcoin for yen). In other words, it doesn't matter who is buying what as orders are matched based on their market value rather than the currency pairing. In this way, QASH performs a function similar to those many investors expect XRP to perform, but in this case it is not between banks, but between exchanges.

The above is based on the information from here and here. More about the aspirations driving the team and their goals can be found here.
More information about the project, the team with an impressive lineup of current investors can be found here.

My personal experience with one of QUOINE's products

It must be mentioned that QOUINE also has exchanges that support crypto only (Qryptos) and Fiat (QUOINEX). I have experience with QOUINEX (unfortunately, Qryptos is not available where I live) which became my main platform for moving money back to fiat. QUOINEX has no fees for your "home" currency (of where you live) and under 1% fees for a number of other, non-"home" fiat currencies, if you choose to use them instead. Not only that, but at least in my country, I was able to deposit fiat money without paying a fee to either my bank or QUOINEX, and I could, most surprisingly, send some of my Ether to Binance completely free. It is, however, unclear to me whether these generous conditions are temporary or permanent. QUOINEX supports a completely customizable workspace and some exotic, yet very much needed in my opinion on crypto exchanges order types such as trailing. This, however, comes at the expense of user-friendliness - it is really difficult to find your way around when you first join the exchange. It doesn't help, either, that there is a fairly limited number of tutorials and FAQs, that are also somewhat hard to navigate or find, and are mainly in Japanese. To those of you used to fast withdrawals, QUOINEX's policy on keeping everything in cold storage for security may be inconvenient - it has taken 1-3 business days in my experience to get withdrawal requests processed.

Competition

QUOINE position themselves against such projects as Bancor and SALT.

It is also impossible not to notice similarities with Binance and KuCoin. Judging by their aims, however, QASH seems more likely to supplement KuCoin and Binance by incorporating them in the network of liquid exchanges rather than compete with them directly.

Investing

Considering the current market sentiment and unpredictability of Bitcoin's next move, it may be safer to invest in QASH using fiat currency (on their own QUOINEX exchange or Bitfinex) to avoid losing money in case BTC chooses to go for another run.

Conclusion

Overall, QASH seems to be one of those projects with a clear goal, a solid team to execute it, and a decent yet not too large market cap flying under the radar at the moment.

If you find any factual mistakes, please leave a comment below. Thanks for reading.

Disclaimer: This post is not financial advice. Please do your own research before you invest.