QUOINE’s QASH Token Sale will start on October 21st at 00:00:01 (Singapore time/ UTC +8 hours). As the event is fast approaching, the QUOINE team have been receiving a lot of attention and questions from our customers and investors regarding the exciting new token - QASH.
On October 3rd, on QUOINE’s ICO telegram group, Mike Kayamori, founder and CEO of QUOINE has shared his vision for QASH token, addressing one of the most important questions for investors: “Why QASH?”
“As I shared with all of you, we are raising through an ICO as this will allow us to help the entire crypto token space by providing liquidity via our liquid platform. We want as many people to participate through our ICO. This is democratizing finance and empowering each and every one of us.”
On the benefits of QASH, Mike elaborated:
“There are many benefits in holding QASH.
First, you will be able to use it for LIQUID and all QUOINE services including QUOINEX and QRYPTOS. We are also talking with fintech startups to use QASH as their token of choice. We will work with them so that we can do joint promotions.
Also, QASH is going to be equivalent to Bitcoin/Ethereum but for financial services.
Many financial services are hesitant to accept bitcoin because:
- Nobody knows the issuer.
- Hashing power is concentrated in China.
This scares traditional financial services.
We are a token issuer, and we put our names and reputation out there. We are pro-regulation.”
A follower raised a question “If there is an issuer, then doesn’t it mean that it is going to be centralized rather than decentralized?” To that, Mike answered:
“Not at all. And we use the Ethereum ERC20 standard token. So from that perspective it is decentralized. And we will build our own QASH blockchain in the future. However, we do need to comply with regulatory bodies in the world.”
Another telegram follower also raised a good question: “What makes you believe that the regulators will accept it though? The underlying issue is that it’s still a crypto product which financial institutions shy away for compliance reasons?”
“That is not correct. For example in Japan, we became the first regulated exchange in the world (at a country level). Even in the US, it is state by state. We are federal. Many countries are trying to come out with their virtual currencies. This trend will not stop but will actually accelerate. So token issuers or crypto currency issuers will need to make a decision. Do they want to go the anonymous dark token route, or the more public and regulated route? Zcash and Monero will be the darker ones, government issued virtual currencies will be the whitest ones.”
“Does that go against the concept of decentralized cryptocurrency though?”
“Not at all. Cryptocurrencies will evolve and have many use cases. And also that depends on how you define decentralized. I look at distributed as another element of decentralized. Some kind of governance is also ok.
So again, when crypto tokens become mainstream, they will take many different routes. And government issues tokens will clearly be centralized. For example Japan recognized Bitcoin and requires exchanges to meet specific guidelines. That does not mean Bitcoin is centralized. I think they will nationalize (take full control of) crypto currency exchange. They will try to control what crypto tokens are available, and also create their own crypto token.
When you look at national currencies, the only stable ones are G3 or maybe G7 (USD, JPY, GBP, EUR, ummm not many others). For all other 170 national currencies, some crypto tokens will be more credible and trustworthy, and are not restrictive. Yes, QASH will also become a base currency where many other tokens will be quoted.”
BTC and other cryptos will become more stable when the following are met
- Market cap become larger
- The utility element expands (you can use it anywhere)
- And maybe most important, sophisticated features become available...i.e. options, futures, swaps, derivatives.
If I want to hedge future volatility, I can’t do it right now.
All other asset classes took decades if not centuries to become what they are. Bitcoin takes less than 10 years. We are right in the middle of a huge revolution of money. We are all fortunate to be a part of this.
Our vision of QASH is so much bigger. It is not only trading pairs for exchange. Imagine if you started a fintech company. In the past your market was only near you, or the country you registered your startup. Now, the addressable market is global. But you now have a problem to collect fees for your service. Are you going to ask your customers to pay credit card, international wire transfer? That would be extremely difficult and expensive. This is where QASH comes in, as long as you have a mobile phone with a crypto wallet and connect to a local exchange that you can exchange QASH, now you can pay for any service.
We envision that QASH will be the token of choice for both fintech companies and customers.”
QASH Token Sale Website (and registration): https://liquid.plus
Whitepaper download: https://liquid.plus/quoine-liquid_v1.3.pdf
QUOINE ICO Brand Reel:
QUOINE LIQUID Reel:
Join QUOINE's community channels at:
Telegram: https://t.me/QUOINE
Slack: https://goo.gl/Dzsvww
ABOUT THE COMPANY
QUOINE is a leading global fintech company that provides trading, exchange, and next generation financial services powered by blockchain technology. With offices in Japan, Singapore and Vietnam, QUOINE combines a strong network of local partners with extensive team experience in banking and financial products to deliver best in class financial services for its customers. More information is available at www.quoine.com
In 2014, QUOINE launched Quoine Exchange, now known as QUOINEX, which became one of the largest bitcoin exchanges in the world by transaction volume. QUOINE offers powerful trading features, a sophisticated user dashboard, and secure regulatory compliance to individual and corporate customers. QUOINEX provides trading services for bitcoin and fiat currency pairs in Japanese yen, US dollar, Euro, HK dollar, Indonesian rupiah, Singapore dollar, Philippine peso, Indian rupee, Australian dollar, and Chinese Renminbi. QUOINEX has exceeded USD12 billion in transactions in the past two years. In September 2017, QUOINE Corporation became the first global cryptocurrency exchange to be officially licensed by the Japan FSA. More information can be found at www.quoinex.com.
In June 2017, QUOINE launched a fully digital cryptocurrency exchange and trading platform called QRYPTOS, exclusively for cryptocurrency trading in desktop version at www.qryptos.com.