A Malaysian trader willing to buy bitcoins would place his order in the world in his local currency pair RM/BTC. The worldbook would then currency adjust this RM/BTC order to local currency for the seller of the bitcoins. Thus an American would then be able to view the RM/BTC order as the regular USD/BTC order and both parties would be satisfied. In essence, neither party would be made aware of the matching going in the background and the wordbook would process all of this internally.

This entire process would be made possible by three distinct features of the wordbook as denoted by the infographic above.

Currency Conversion: This component of the world book would automatically convert all currencies to local pairs for the individual trader based on real time Forex Data.

Matching Engine: This proprietary engine custom built by the Quoine team is claimed to be able to match millions of transactions in seconds.

Smart Order Routing: This routing system would enable orders from various exchanges and markets internally and externally. Thus, an order would first be given priority on the internal world book and if no match is found on the internal system, then it would get routed to an external exchange.

In addition to the liquidity, another key feature of Quoine aims to provide with the liquid platform is Prime brokerage. Once again as seen in the infographic above, the prime brokerage service would enable an individual to trade on multiple exchanges without having to create trade accounts on each exchange. Similar to the functionality of the stock market, this would provide ease of access by:

Reducing Risk: By allowing liquid to settle trades and not having to store assets on multiple exchange, one does not need to face risks associated with security breaches on other exchanges

Full Capital Utility: The individual investor will not have to split their capital on exchanges, limiting their ability with certain trades. That is, one cannot make benefit from a good trade if half their capital is locked up on another exchange.

Referring back to the infographic, it can be seen that the Prime Brokerage is made up multiple component.

Direct Market Access: Smart Order Routing of the world book would allow access to multiple markets form a single point.

Asset Management: Splitting up capital amongst multiple exchanges would result in a lower potential of the same amount of capital than if it were to be at a single place.

Additionally, the liquid platform also intends to provide a self-service ICO platform. This would allow an individual or startups to issue their token via the liquid platform. The issuer would be able to utilize Quoine’s clients that are already KYC verified without going through the hassles of verified each individual once again for their own ICO. Additional services such as access on the exchange right away will make liquid the ideal partner for an ICO launch.

Qash Token and the Qash Blockchain

Total Supply : 1 Billion Tokens

Circulating Supply: 350 Million Token

Platform/ Token Type : ERC -20 Token

Future: Independent Qash Block chain

Referring to the Qash white paper, a detailed regarding the token distribution can be seen. The paper denotes that 35% of tokens were allocated towards the public sale. 20% were distributed to the internal management whilst 15% were set aside towards Strategic and institutional buyers. The remaining 30% token supply was allocated towards community and ecosystem development.

The Qash token in the current state resides upon the ethereum platform and functions as an ERC-20 token. However, proceeding the liquid platform launch and developments the Quoine team intends towards launching their own high throughput block chain. This block chain is intended to be developed for financial institutions who aim to utilize the decentralized nature of the block chain. Qash will function as a token of utility on the liquid platform with two essential functions. The first function will be attributed towards utilization of Qash token as a payment method. The token will allow users to pay for all of Quoine’s services with the token, similar to what is observed by the ETH and ICX platforms. The second intended function of this token is to provide pairs against all assets. This will enable the crypto markets to move away from bitcoin as the main pair and allow Qash to become akin to the USD of the crypto world.

Ideally the qash token will benefit the entire ecosystem, by reducing the market volatility and allow individuals to sell crypto assets at ease without jumping from exchange to exchange.

The Qash team has a very in depth and detailed road map which dates back all the way to 2014, when the Quoine was incorporated. This is infact, one of the most detailed roadmaps to exist in the crypto world and the team has managed to meet every single milestone thus far. This only serves to facilitate and increase confidence in not only the team but also their ability to deliver on what they say.

Quoine Team

The team has a combined total of 250 years of experience in the Financial and Technology space, with experiences in some of the world’s largest financial institutions. They have not only been able to acquire the experiences but to also display this by the success of their Quoinex Exchange which boasts an impressive $12 Billion dollars in transaction volume.

This impressive company is led by Mike Kayamori, the co-founder and CEO of Quoine. He has over 22 years in investments, banking and venture capital. He has served as the president of the Softbank group and also a senior director at Globespan Capital, a VC firm with over $1.2 Billion dollars under asset management. Last but not least Mike is also a Harvard Business School MBA grad.

Mike Kayamori

Mario the other Co-founder, Preside and CTO has served as the CIO of Fixed Income IT Asia. He was also credited for creating Fixed Income, Currencies and Commodities Global Development Centre in Singapore. He has also served as the CTO of Merrill Lynch branch in Japan for almost 13 years where he looked over the IT aspects for the banks.

In addition to these 2 co-founders, the Quoine team boost over 100 members as well as many advisors and board of directors.

Last but not Least Potential Return on Investment

The Qash token and Liquid platform aim to be the ideal liquidity provider in the crypto market. As of right now when assessing the market cap it can be seen the total near $400 Billion. However, near previously near the market high, the entire crypto market had reached a market capitalization of nearly $800 billion. Many analyst predict that the crypto market will not only realize the previous highs but rather hit the $1–2 Trllion mark by the end of 2018. The top 10 currencies as of right now, include many currencies that in many cases do not even have a single working product, whereas Quoine has an established an exchange with over $12 Billion in annual sales. Thus, it can be easily assumed that with the World book serving as a catalyst the Qash token can easily reach the top 10 if not the top 5 market caps. Conservatively estimating that Qash reaches the top 5 position would imply that Qash would realize a market cap of $10 Billion. Factoring in that if the total market size grows at least $1 Trillion, that would imply nearly a market cap of $25 Billion or nearly 100x of current market cap of the Qash Token.