LIQUID aims to provide liquidity to the non-liquid crypto-economy. Find out how the platform plans to do that today in our review.
What is LIQUID?
LIQUID is a global liquidity platform created by the team at Quoine. Quoine is best known for launching Quoinex and Qryptos, both of which are cryptocurrency exchanges. Quione is a registered and regulated financial services authority in Japan, one of the first exchanges to do so under Japan’s new cryptocurrency regulations (technically, they were the second company to do so).
With Liquid.plus, the company is building “a global liquidity platform for all crypto investors, token issuers and a new generation of financial services customers.”
The platform revolves around the use of QASH tokens.
What Problems Does Liquid.plus Seek to Solve?
The Liquid.plus website claims that liquidity is “the lifeblood of every industry”, yet it’s also “the single most important element lacking in the crypto economy today.”
The only available sources of liquidity are siloed across developed markets (where standalone exchanges operate in closed pools of liquidity only available to residents) and emerging markets (which are underserved with illiquid local currencies forced to interact with larger liquidity pools).
With that in mind, Liquid.plus plans to launch a platform that brings together multiple cryptocurrency exchanges to create a pool of liquidity.
How Does Liquid.plus Work?
Basically, the industry has a problem: there are lots of cryptocurrency exchanges, including cryptocurrency exchanges for each country. However, these exchanges are siloed, and their sources of liquidity are kept separate from one another.
Liquid.plus aims to solve that problem by launching a single globally-sourced trading platform (called “World Book”) along with an associated suite of services (Prime Brokerage) bringing together the entire global network of cryptocurrency exchanges to enable the highest level of liquidity to all markets.
Liquid.plus plans to emphasize all of the following features:
The World Book’s Matching Engine, or ME, is built from scratch. The engine can process several million transactions per second, “making it one of the most advanced matching engines in the industry, architected to be hyper-scalable”, according to the official website.
Quoine has built a network of relationships with banks over the past three years across the United States, Europe, Japan, Singapore, Philippines, Taiwan, Indonesia, and more.
Smart Order Routing:
Liquid.plus has a smart order routing (SOR) system that provides low latency, real-time feeds for major exchanges worldwide, and automatic order routing to check for matches across these exchanges.
Liquid Platform’s Prime Brokerage will extend crypto/fiat credit facilities to customers, allowing them to leverage their existing balances for enhanced trading opportunities. Credit facilities also allow users to borrow using either fiat or crypto as collateral.
How Do QASH Tokens Work?
The QASH ICO is taking place on Qryptos. You can only participate in the ICO using a secure Qryptos account.
The token sale begins on November 6, 2017. It will continue for a minimum of 1 week and a maximum of 1 month. A total of 500 million QASH tokens will be available at a rate of 1 QASH = 0.001 ETH, with a minimum purchase of 0.5 ETH (500 QASH).
50% of the total supply of QASH tokens will be available through the ICO. The remaining supply goes to the community/ecosystem (30%) and management/Quoine shareholders (20%).
Who’s Behind Liquid.plus?
Overall, Liquid.plus describes itself as “a successful, global fintech firm with an impeccable reputation and strong financial industry pedigree.”
The Liquid.plus project is being developed by Quoine, which was incorporated in Q1 2014. The company launched Quoinex in Q2 2014 and quickly expanded operations over the coming years. they launched the Quoinex mobile app in Q2 2015, for example, and moved their headquarters to Japan in Q1 2016.
Key members of the Quione team include Mike Kayamori (Co-Founder and CEO), Mario Gomez Lozada (Co-Founder, President, and CTO), Katsuya Konno (CFO), and Ray Hennessey (Chief Strategy Officer).
In Q3 2017, Quionex Japan received a Japan FSA license, allowing itself to be officially registered in Japan as a financial services authority. Quoine Corp became one of the first fully compliant and licensed cryptocurrency exchanges in the world (their license number is “00002”).
By Q3 2019, the company aims to have a full banking license.
Cryptocurrency exchanges around the world suffer from a similar problem: lack of liquidity. These exchanges all offer similar services and trading, but their sources of liquidity exist in siloed environments. That’s where Quione sees an opportunity with Liquid.plus. The company envisions a global pool of liquidity that works with multiple exchanges.
To learn more about Liquid.plus and how it works, visit the platform online today at Liquid.plus.