What is QASH?
QASH [pronounced as 'cash'] is the payment currency for the QUOINE LIQUID project.
QASH wants to enable the highest level of liquidity by bringing together all cryptocurrency exchanges.
So what is liquidity?
According to Investopedia.com,
Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.
Market liquidity refers to the extent to which a market, such as a country's stock market or a city's real estate market, allows assets to be bought and sold at stable prices.
What Problem does QASH plan to solve?
Say you want to buy and/or invest in the top few coins. This is usually a headache. Right now, you'd need to buy BTC, Ethereum, Litecoin, NEO or any other top listing coin using fiat and then convert this cryptocurrency to the new cryproasset you want to buy using pairings like BTC/QASH or ETH/EOS. You might even need to transfer the top currency to a new exchange before being able to buy the cryto outside the top cryptos. Changing back to fiat is not any easier as you have to follow the outlined process in reverse.
Because a majority of people treat cryptocurrencies as investments, its liquidity problems is a big drawback to the appreciation of the entire cryto market.
Enter QASH World Book. QASH Worldbook intends to solve this problem
The QASH LIQUID World Book will compile orders and prices from exchanges around the world into one order book for you to use. This gives users, regardless of location, the ability to use their prefered fiat currency to buy or sell cryptocurrencies therefore removing the need to convert using multiple exchanges as aforementioned.
QASH Prime Brokerage is another feature that QASH posses. It's the assorted suite of services that QASH World Book offers.
It will give users direct market access to all exchanges in the World Book without having to create an account on each and every exchange.
Credit line and leverage trades can also be extended using Prime Brokage's existing balances.
Why buy and HODL QASH?
QASH is an ERC20 token you use to pay for services on the QUOINE LIQUID platform.
QASH can be used as a utility token for the following:
- QASH HODLers will get discount fees
- Preferential access to new products/services as a bonus
- QASH will be used for ICOs
Where to buy QASH
QASH can be gotten on the following exchanges right now
BitFinex
Gate.io
Huobi
Quoine
It is listed on CMC at $0.85 as at time of writing
Where to store QASH
Since QASH is an ERC-20 token built upon the Ethereum blockchain, it can be stored using any good ERC-20 wallet that you have control of the private keys like MyEtherWallet.
QASH has a blockchain planned (Q2 2019) so the QASH tokens will be moved or swapped in the QASH blockchain whenever the blockchian goes live and therefore a change in storage wallet options since the blockchain wont be able to store ERc-20 tokens again but till then, any good ERC-20 wallet will do.
For extra security, consider using a hardware wallet
Conclusion
Even though this is a very ambitious project, the team seems to have the experience to excel. The team has over 50 staff and they have been around since Q1 2014 (When the released the Quoinex Exchange).
The plan to launch Q2 2018 and this year will prove to be vital for the project.
The service they aim to offer- more liquidity- will be good for cryptocurrencies and it's investors it will help push cryptos more main stream and introduce more new investors.
Further QASH Reading
Official Site
Facebook
Twitter
Qash Telegram
Qash Reddit
THANK YOU FOR READING
