How Does Quoine provide High Liquidity Through its Liquid Platform?
Quoine is a blockchain based financial company focused on solving liquidity constraints in the cryptocurrency field in an easy way for everyone. They do this by providing a platform where everyone can easily buy cryptocurrency with fiat and also cash out with fiat.
This is very important because there are thousands of cryptocurrencies available and investing or trading any cryptocurrency outside the top ten is a challenge, especially when you want to invest with fiat currency. Investors are forced to convert fiat to bitcoin (or any of the major cryptocurrencies) first, then purchase their desired cryptocurrency. The process is the same when cashing out, investors convert their crypto to any of the top cryptocurrencies and then to fiat.
Quoine cuts this process short using its LIQUID platform.
Liquid is a unified globally-sourced trading platform which bridges the gap between fiat and cryptocurrency.
Quoinex - a crypto-fiat exchange and Qryptos - a crypto only exchange, both owned by Quoine have been merged into one platform - LIQUID. Deposits and withdrawals have been frozen on both exchanges and all information has been transferred to the new Liquid platform. Old users can access their accounts using their usual login details.
Quoine is one of the top fintech companies in Japan and is the first cryptocurrency exchange to receive a license from the Financial Services Agency (FSA) in Japan. Quoine believes that blockchain technology and cryptocurrency will reshape the way financial services are handled worldwide. Therefore, Quoine has taken a strategic position by providing a solution to the liquidity problem facing crypto investors. Providing easy liquidity will eventually bring in more investors which would mean growth in the crypto industry.
Quoine Liquid Platform
Different cryptocurrency exchanges have various liquidity levels in terms of trading pairs. Quoine Liquid platform is a crypto trading platform that links these different exchange platforms together to provide the largest available liquidity. The Liquid platform makes this possible through two major services:
World Book
Prime Brokerage
World Book:
World book is a highly innovative feature that connects decentralized platforms all over the world by compiling orders and prices from these exchanges and presenting it to users. This enables traders to cut across national borders and use fiat currency to buy or sell their cryptocurrencies. This strategy also boosts the trading power of undervalued coins while giving traders plenty of options.
The World book is like a combination of an external aggregate order book and an internal order book. Liquid creates trading pairs for fiat currencies using the forex market. The world book is able to provide massive liquidity by using:
1. A highly Scalable order matching engine that is able to process millions of transactions per second. The matching engine supports major crypto pairs and is built to easily add new pairs that enter the market.
2. A cross currency conversion engine for automated conversions of trading pairs that the trader desires. This feature allows traders to trade with anyone from anywhere. For instance, the cross currency conversion engine will pair a trader looking to sell Ethereum for USD (ETH/USD) with another trader who wants to buy bitcoin with Euro (BTC/EUR). When both traders place their order, the currency conversion engine recognizes a possible match between ETH/USD and BTC/EUR forex rates. An order will be sent to the forex market to sell EUR and buy USD while another will be sent to the crypto market to sell ETH and buy BTC, all within seconds. Talk about true decentralization! This matching system will become more efficient with time.
3. A smart order routing system for low latency real-time connection between exchanges in order to execute orders that are not filled internally from the world book.
Prime Brokerage:
The prime brokerage service gives users access to the features of the world book by providing an interface or direct market access to all exchanges available on the world book without owning an account on each of these exchanges. Quoine has also built partnerships with various banks to facilitate quick transfer of users' funds. With the Prime Brokerage service, users can also extend their credit line and leverage trades using their current balances.
Quoine Liquid platform also has an ICO platform that enables users take part in different ICOs. Their ICO platform makes things easier for both investors and token issuers. Quoine lends their successful ICO experience to new blockchain projects. They provide expert guidance, takes the stress off the new team and leaves the new project team members to focus on the most important things - delivering their technological promises. Providing an interface for users to participate in different ICOs also gives users a seamless experience.
The Qash Token
Qash is the native cryptocurrency of the Quoine Liquid platform. It is an Erc-20 token built on the ethereum blockchain. With the Qash token users pay for services on the liquid platform. There are also benefits to using the Qash token for transactions as well as holding the token. Qash holders get discounts, promotional products and investment opportunities from projects sponsored by Quoine up to ICO level.
Qash has a total supply of one billion and a current circulating supply of 350Million+ with a market cap of over $75million USD. The price of Qash rose to $2.28 during the first quarter of 2018 and like other altcoins, is down to $0.22 right now. An in-dept study into Quoine financial services shows that Quoine is really innovative and its license from Japan's FSA is a plus for the Liquid exchange. Investing in Qash right now at the current low price is a really good idea. Quoine is solving a huge limitation and that would put the Qash token in constant demand.
The Quoine Team
Quoine was founded in 2014 by Mario Gomez Lozada (president and CTO) and Mike Kayamori (CEO). Mike Kayamori was a Senior Vice President at SoftBank Group and worked as the Chief Investment Officer of Gungho Asia while Mario Gomez Lozada worked as the CTO of Merrill Lynch in Japan for 11 years before taking the role of Chief Information Officer at Credit Suisse Japan. Other key members include Mike Mullins, Vincent Moreau, Jason Wagner and Rei Tanaka.The rest of the team is made up of people with good background knowledge and expertise in banking and finance, product development and risks and assets management. The Quoine team has professional experts that will enable them achieve their mission within a good time-frame.
For more information about Quoine, please visit the official website or any of the following social handles:
· Website: https://quoine.com/#products
· Products & Services: https://www.liquid.com and https://coinmarketcap.com/currencies/qash/
· Quoine Team: https://quoine.com/#mission
· Quoine Story: https://www.youtube.com/watch?v=reYjxnjLLZA
· Facebook: https://www.facebook.com/QuoineGlobal/
· Medium: https://medium.com/quoineglobal
· Twitter: https://twitter.com/quoineglobal
· Instagram: https://www.instagram.com/quoineglobal/