What is QASH?

Sep 14, 2018 at 22:39

QASH serves as the native currency of the QUOINE crypto firm that operates the LIQUID platform which aims to solve liquidity problems that is now becoming a major criticism against crypto related investments.

QASH is used in the platform as payment for services. Its holders are also provided with discounts, promotional products and ICO investment opportunities with coins that are being launched through QUOINE.

At present, Quoine’s primary goal is to unite all cryptocurrency exchanges and create a single order book to provide users with ease of transaction in buying cryptocurrencies even if it is via fiat currency. The platform connects different exchanges to offer the best liquidity possible.

Led by its chief executive officer, Mike Kayamori and president and chief technology officer, Mario Gomez Lozada, the company that was founded in 2014, works by compiling orders and prices from exchanges around the world into one order book to allow traders with the ability to use the fiat currency of their choice in purchasing or selling crypto.

It utilizes the foreign exchange market to create trading pairs for fiat currencies that may not have existed as it is equipped with a matching engine, cross currency conversion engine, smart order routing and prime brokerage.

The matching engine can process millions of transactions per second while including native support for major token pairings but also capable of scaling to add new pairing as they are created.

On the other hand, the cross currency conversion engine creates automated conversions between currencies which effectively increases the number of possible matches in order to create a completely fluid market.

Meanwhile, the smart order routing feature monitors all major exchanges to process orders that can’t be filled internally from the platform’s world book as the prime brokerage function grants users with direct market access to all exchanges without having to create separate accounts for each exchange.

Where to buy?
QASH is available directly from QUOINEX but the coin can also be purchased from other major exchanges including Huobi, Gate.io, Hotbit and Ethfinex, among others for fiat currency or other cryptocurrencies such as BTC and ETH.

Is it mineable?
QASH is not mineable with a total supply pegged at 1,000,000,000 units. At present, there are already 350,000,000 QASH in circulation.