World Book is the engine behind the global LIQUIDITY platform that brings together the entire global network of cryptocurrency exchanges, making them accessible to all. As QUOINE’s QASH Token Sale will start on November 6th at 00:00:01 (Singapore time/ UTC +8 hours) and the event is drawing near, the QUOINE team are seeking to address investors’ burning questions around World Book.

Below is the excerpt of a conversation on QUOINE’S ICO telegram group between Andre Pemmelaar, Chief Trading Officer at QUOINE and investors on this topic.

“Good morning from Japan! My name is Andre Pemmelaar. I’m leading the team building World Book, the cryptocurrency world’s next generation algorithm liquidity provision engine. I will be checking in throughout the day. If you have any questions about World Book, let me know.”

A question was raised: “So to be clear, the world book is going to get market prices from other crypto exchanges? I’m not exactly sure I understand how it’s going to work.” To that, Andre responded:

“The World Book is really two Order Books: Internal and external. The internal Book is quote currency agnostic. This means that you will see the entire Order Book denominated in your CCYs of choice.

For example, if you place an order in SGD it goes in at your price and from your perspective it does not fluctuate. But for a user looking at your order in JPY, he will see your order's price move with FX rates changes. This all happens under the hood. This allows all the order in various currencies to find a match against each other creating a much larger pool of liquidity in the internal Book.

At the same time we maintain an external Order Book of all the major exchanges. If your order cannot be matched internally the SOR will constantly look to match it with an external source. And these matches can also happen across pairs. So we might be able to match your BTCSGD order against an ETHJPY order by combining it with an ETHBTC and SGDJPY transaction under the hood.”

Andre went on to offer an example:

“There are some really great additional gains here. Let's say that you are using a minor currency like PHP or the Canadian dollar, or whatever. Chances are there isn't enough liquidity in your home currency to justify its own exchange. But with the currency agnostic world order book all we have to do is to enable the FX transaction components and voila fully liquid exchange is now available in PHP or Canadian dollars.

There's all this potential liquidity tied up in the minor currencies that doesn't have an on ramp into the virtual currency world. We're building those on ramps from the Fiat world to the crypto world.

And another really important point here is that all those minor currencies may be small in terms of their individual liquidity but together they are huge.”

To participate in QUOINE’s QASH Token Sale, please register for a QRYPTOS account and fund your account at https://www.qryptos.com/

ABOUT WORLD BOOK

The LIQUID Platform’s World Book is built on top of QUOINE’s existing Matching Engine, Smart Order Routing, and Cross Currency Conversion Engine technologies. It becomes the ultimate resource for traders—a multi-market order book that combines every liquidity source in the world into a single highly liquid tradable order book, in any currency a user chooses.

For more information on World Book, please check our LIQUID page: https://liquid.plus

---

QASH Token Sale Website (and registration): https://liquid.plus
Whitepaper download: https://liquid.plus/quoine-liquid_v1.6.pdf
Join our Community's Telegram: https://t.me/QUOINE

ABOUT THE COMPANY

QUOINE is a leading global fintech company that provides trading, exchange, and next generation financial services powered by blockchain technology. With offices in Japan, Singapore and Vietnam, QUOINE combines a strong network of local partners with extensive team experienced in banking and financial products to deliver best in class financial services for its customers. More information is available at www.quoine.com

In 2014, QUOINE launched Quoine Exchange, now known as QUOINEX, which became one of the largest bitcoin exchanges in the world by transaction volume. QUOINE offers powerful trading features, a sophisticated user dashboard, and secure regulatory compliance to individual and corporate customers. QUOINEX provides trading services for bitcoin and fiat currency pairs in Japanese yen, US dollar, Euro, HK dollar, Indonesian rupiah, Singapore dollar, Philippine peso, Indian rupee, Australian dollar, and Chinese Renminbi. QUOINE has exceeded USD 12billion in transactions in the past two years. In September 2017, QUOINE Corporation became the first global cryptocurrency exchange to be officially licensed by the Japan FSA. More information can be found at www.quoinex.com.

In June 2017, QUOINE launched a fully digital cryptocurrency exchange and trading platform called QRYPTOS, exclusively for cryptocurrency trading in desktop version at www.qryptos.com.