I am eager to share with our community my high level vision for Liquid.

Regulators have taken up a lot of our time recently, but we are almost there, as you will have seen from Andre’s recent AMA. We are very excited about the future as we believe the work we do will make society a much better place.

If you have read our whitepaper, you will know that there is one element that we have been very quiet about: the QASH blockchain. We have been working on this blockchain under the hood for a while and now there are some exciting updates that I would like to share with you.

Step into Liquid

We will soon merge our exchanges and rebrand our entire service as Liquid. This means the blockchain and the QASH token are going to be renamed. Our aim is to create a truly unified platform and as such, we need to give QASH a new name.

The QASH token will become the Liquid token. I have hinted about this in the past, but now it has come to fruition. We are very excited to have consistent branding across the board. The timing for this to happen will be around the launch of the Liquid platform.

Additionally, the QASH blockchain will henceforth be known as the Liquid Distributed Ledger, or LDL for short.

Liquid Distributed Ledger

What’s important here is that it is distributed. Our competitive advantage is around financial services. Almost all of our management team comes from global banks. They have extensive experience of building financial services. We believe that the future is with distributed services that empower people -- that is why we are here. So the LDL will focus on financial services and fintech companies, providing the key tools that these companies need.

About 20-30% of the total global economy is financial services. That is the single biggest industry in the world. We aim to improve the pain points in our industry faced by banks and institutions who are still focused on the status quo. We are focusing our LDL on fintech startups.

Our core competency is financial services and we will grow our ecosystem together with fintech companies.

QUOINE will spearhead the development of the LDL and release an alpha and then a beta version. When the time is right, we will make this open source and decouple the LDL from QUOINE the company. The asset of the LDL is going to be owned by the developer community who are interested in fintech.

A wider vision

By decoupling from QUOINE, the Liquid token and LDL will outlive me and maybe even the company. The LDL will be a public asset managed by a foundation and the continued development will be overseen by that foundation.

The equity will live and die with QUOINE. Equity will be based on the value of the profit that we generate. The Liquid token will become a utility token for all of our services and the service of our partners who build products on the LDL. It could be used for settlements, it could be used for IOUs - many things. Then the Liquid token will be a pure cryptocurrency.

QUOINE will be the first customer of the LDL. The Liquid trading platform is going to migrate over to the LDL, making QUOINE the first proof of concept customer.

We are building an entire banking service on top of distributed ledger technology.

We want to reshape the future of finance and I am confident about our success.