Exciting facts about LIQUID exchange platform.
Cryptocurrency has taken the world by storm. It has become a worldwide phenomenon with both positive and negative feedbacks coming from the different business sectors. The large activity that goes into the cryptocurrency scape is focused on Trading. Trading holds a huge percentage of the reason why people are into cryptocurrency. Along with trading comes the crypto exchange market which has become a booming Industry for big companies.
One company that I want to focus on is QUOINE. It has become a household name for crypto trading. QUOINE boasts 3 trading platforms which have revolutionized the way people trade their cryptocurrency tokens. QUOINEX and CRYPTOS are the first two successful platforms that QUOINE has released in the market.
What excites me the most is the launching of its latest platform which will solve the LIQUIDITY problem of the crypto markets. This platform is called LIQUID. Before we talk more about LIQUID, let's try to know what is LIQUIDITY.
If you're a newbie about cryptocurrency, there will be a lot of terms that you will encounter. When I started, I did my research on the basics. I really had to start from scratch and I stumble upon one important term in cryptocurrency which is LIQUIDITY. For us to define LIQUIDITY, here are 5 exciting facts that we should know about LIQUID.
LIQUID is the answer to Liquidity problems.
Liquidity is known as the high volume of activity in the market. It is also known as the free flow buying and selling of goods and services which means that you can get cash anytime and anywhere you want. If we talk about cryptocurrency, this is what makes the crypto world go round.
Have you ever tried investing in an ICO or received a token from a bounty program and you've been anticipating when it will be listed on an exchange? After a couple of weeks, you hear a news that it's been listed on a reputable exchange but when you started trading, it shows zero volume.
This would definitely be a nightmare for investors and traders. Well, LIQUID has a way to solve that problem. LIQUID uses these to main ingredients:
World Book
The LIQUID Platform’s World Book is a multi-market order book that sums up the world’s various liquidity sources into a single highly liquid tradable order book, allowing orders to be placed in the currency of one’s choice.Prime Brokerage
The LIQUID Platform’s Prime Brokerage is composed of different services that provide users with tools to reduce counterparty risk and increase ROI. Prime Brokerage includes so-called Direct Market Access, Fiat Management, and Credit Facility as its main functions.
Connecting worldwide trading Platforms using LIQUID'S WORLD BOOK.
When we trade our coins in exchanges the only assets that we can use for both buying and selling are the assets found in the internal order book of an exchange. The problem occurs when there is no flow or volume. to put it in simple term, there are not a lot of people trading in that specific exchange. So the value of the coin freezes or gets stuck. LIQUID has a solution to this. It will use the world order book as a source of liquidity. This means that world order book can tap into different the worlds liquidity sources or other exchanges' order book all over the world. To sum it up it doesn't rely on its internal order book but can get liquidity from other exchanges which is a big advantage to investors and user because they can trade any coin anytime they want.
For example, you are trading in Singapore and you want to see the other token pairings in Europe than with the world order book, all pairing and currencies found in Europe will be shown on the dashboard. In other words, you gain access to the worldwide crypto markets.
QASH is a universal token.
As we all know, a lot of tokens have been released in the crypto market but nothing compares to QASH. QASH is the currency of LIQUID which works both as a utility token and tradeable token. It will be used for all transaction made inside the LIQUID platform. But not just that, it can also be used universally in all trading platforms of QUOINE like QRYPTOS and QUOINEX. The demand for QASH will be high once the LIQUID PLATFORM is up and running which in turn helps build it value as a tradeable token.
I can't wait for the release of LIQUID and the integration of world book which will be a game-changer in the cryptocurrency world. It will definitely change the way people trade their assets because of the worldwide access that we can take advantage. This will be a great trading platform. Can't wait to start trading with LIQUID!
for more information about LIQUID and QOUINE:
https://goo.gl/HUqLsL - quoine
https://goo.gl/Dh2Gz7 - liquid
https://goo.gl/heVmqP - quoinex
Please send comment and upvote my blog!!!
https://www.youtube.com/paulbegley34
Resteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
Thank you for the info