QASH is a currency/utility token for the parent company Quoine which owns and operates the Japanese-regulated FIAT cryptocurrency exchange Quoinex & Qryptos, and like Coinbase/GDax, seeks to bring liquidity to closed-loop crypto ecosystems. Currently, lots of trading occurs within closed loops like Bitfinex and Bittrex where BTC>ALTS or BTC>USDT and with low liquidity, it either becomes a zero sum game in the long term or unfeasible for large institutional investors.
Quionex is a respectable fiat exchange and one of the largest in South East Asia (a central hub for crypto). One of the very few audited, regulated, licensed and approved exchanges in the world.
Unlike Binance and Bitfinex, with more AML 0.00% 0.00% , KYC and regulation than competition, comes more friction and slow growth, BUT, it's certain adoption over time (see Coinbase) and having two exchanges as a fundamental basis to their planned roadmap is fantastic.
Q1 2018 - LAUNCH QUOINE LIQUID WORLD BOOK (QUOINE is launching a single globally-sourced trading platform (World Book) with an associated suite of services (Prime Brokerage) that brings together the entire global network of cryptocurrency exchanges to enable the highest level of liquidity to all markets.)
Q1 2019 - Asset management & investment banking
Q3 2019 - Full crypto banking license
In traditional finance, companies such as Goldman Sachs and Merrill Lynch provide liquidity, but there is nobody providing liquidity at scale in the crypto world today. This is the problem Quoine is solving. Ultimately, QUOINE LIQUID is building a financial utility - a platform that the entire crypto economy will benefit from and where people can participate in as both users and token holders.
Quoine is clearly targeting institutional money with deeper pockets more so than Coinbase and Binance (both of which have liquidity issues when dealing with mega million traders) and I think a huge leap in the right direction and in the right environment with Japan being so open minded in accepting crypto currency trading and investing where over 75% of Japanese Forex brokers now dealing with cryptos to a certain extent.
As a currency/utility token, QASH prices is a reflection on the success of QUOINE and QUOINEX which is primed to ready and take on institutional money(>$100 Million USD). Being a first mover in this space will give QASH a great boost once the wins start rolling in.
BUY Recommendation: RISKY, LOW Portfolio % Allocation, <5% of portfolio.
BUY Price: 0.00004-0.00007 sats -0.08%
MINIMUM Holding Period: 6 Months
Expected Returns: Need more TA, potential Moonshot.
Blackwater - Strength in Numbers
Qash unaffected in this bear.
We have the long term holders and smart money in Qash still. I have been accumulating all the way up to .00012 sats.
Once Worldbook is announced, and partners like Goldman Sachs are announced, the FOMO will set in.