About

Liquid (previously named Quoine and Quoinex using the Qash (QASH) token.) is a Singaporean online digital asset exchange platform.

History

Qash is the native token for a large suite of products that Quoine is hoping to develop. Quoine is a licensed crypto exchange based in Japan with operations dating back to 2014. The team developed QASH in attempt to increase liquidity in the token markets and create a more institutional focused platform. Quoine believes that their token can build a global network of liquidity by acting as a base asset and incentivizing external exchanges to participate by rewarding them with QASH. The token will also be used to pay for various services on the platform.

Quoine describes its target market for this product as “underserved markets”; small markets that in isolation are not yet big enough to support a liquid token. Using the platform’s Worldbook system, small exchanges can place an order which will then be exchanged and transferred across QUOINE’s network of order books. This will provide access to tokens that would previously have been unavailable to clients of small institutions due to capital requirements. In a sense, it functions as a cross-exchange exchange, in a similar way to how Polkadot is looking to be a cross-blockchain exchange.

A larger suite of financial products will be built through the Prime Brokerage, which will provide ancillary services to institutions. This platform is purported to provide value to users by reducing counterparty risk, increasing capital efficiency, and netting token positions. The exchange will assume all counterparty risk on the part of consumers, and the liquid platform will reduce fees and improve capital efficiency by allowing instant trade among parties. The alternative would be a roundabout process requiring multiple trades. This brokerage will also include direct market access to various exchanges and fiat money management for customers looking to make their first investments. In total, Quoine is looking to create a comprehensive suite of cryptocurrency financial services that will ultimately drive usage of its QASH token.