QUOINE was founded in 2014 by Mike Kayamori (CEO) and Mario Gomez Lozada (CTO). Kayamori was previously Senior Vice President at SoftBank Group and Chief Investment Officer of Gungho Asia. Lozada was the CTO of Merrill Lynch in Japan for 11 years, after which he became Information Manager at Credit Suisse Japan. The team also includes other specialists in the field of finance, often with a reference to Asia, as well as other software developers who take care of the technical side of token development. QUOINE is the first crypto currency company officially licensed by the Japanese Financial Services Agency. The developers already maintain the exchange platforms QUOINEX and QRYPTOS, which will be integrated into the network of the QASH token.
QASH Token advantages and disadvantages
Although the project took shape as early as 2014, further milestones still need to be taken on the way to the finished platform. For example, the developers still have to negotiate with the file-sharing services before the transactions can be processed via QUOINE. Will they even have an interest in it? The team is optimistic and emphasises that it is already connected to various online trading centres. The Korean swap meet Binance tries something similar by concentrating on small and rather unknown Altcoins. There is certainly no lack of competition. Gemini and Coinbase specialize in buying crypto currencies with Fiat money. Bancor’s blockchain can be used to freely convert ERC20 tokens (including the QASH crypto currency) and could become a serious threat.
A valid question is what incentive the developers want to provide to buy the QASH token. The crypto currency has only limited functions. On the page, developers describe how the crypto currency becomes the preferred coin for financial services, similar to Bitcoin. How they see it remains unclear. Later, the token is to become a general means of payment. There is no QASH Wallet of your own yet. Nevertheless, the share price has not developed badly so far. Probably you still have to give the development and the team some time. In any case, the idea has its advantages and the team is professional and already has a background in the area of trading with crypto currencies.
QASH Token Course with Bitcoin Code
The QASH crypto currency started with a value of 50 cents on the stock exchanges in late November 2017. At the end of the month, the Bitcoin Code price rose to over 1 euro per coin and then dropped to 50 cents in the first days of December. For a short time the value of the token reached 1 Euro in the middle of the month. The price remained at around 70 cents until the end of the year.
January 2018 was a particularly successful month for the crypto currency. For several days the price reached around 2 Euro per coin. At the end of the month the price fell again to 1 euro, in February even lower to below 1 euro.
With such a young crypto currency, it is difficult to make an accurate forecast. The token development has been running since 2014, but how the token will behave on the stock exchanges cannot be said yet. Before the platform is officially finished, the price will probably behave like most crypto currencies, lose value and gain value again.
Create QASH Wallet
There is no QASH Wallet of your own yet. Instead, you can use wallets that can hold ERC20 tokens. The MyEtherWallet is recommended in this respect. On the MyEtherWallet page, first enter a new password and then click on “Create New Wallet”. You get a keystore file and a private key, which you have to keep. You also get the address of the wallet. To unlock the MyEtherWallet you have to send a small amount of Ether to it.
Where can I buy the QASH Token?
There are a few exchanges where you can buy QASH tokens. The exchange against Bitcoin or Ethereum is possible on Huobi, Bitfinex, Qryptos or Gate. The purchase against Fiat currencies is possible on Quoine, Gate or Bitfinex.
Conclusion QASH Token
The idea of the QASH token definitely has something for itself and the team behind it is very confident. However, it will be a while before the full potential of QUOINE can be seen and at the same time you have to keep an eye on the competition. Other blockchain projects have also recognised the problem of lack of liquidity.
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