QUOINE - A Solution to Low Liquidity in Global Digital Assets Markets

pangoli (69)in #quoine • 5 years ago (edited)

The blockchain technology is poised to decentralize the rights to mainstream products and services being controlled by the elite few. One of the ways this is possible is through meaningful tokenization and scalable mainstream distributive ledgers to display details of transactions with speed and transparency.

Blockchain technology and cryptocurrency are yet in its early years and there are a lot of innovative ideas being thrown around the space, all of them utilizing the blockchain tech in order to find the perfect solution to world industry problems.

Crypto-enthusiasts await the next innovation that will serve to tip the scales in favour of a worldwide crypto acceptance. The blockchain technology continues to break new frontiers in the finance, entertainment and travel industries (to mention a few) radicalising things as they were and introducing various digital tokens for the optimal utility of these systems.

In regards to management and control of digital assets, the Fintech industry seems to be working very hard to establish the best method yet for procuring, transacting and controlling our cryptocurrencies. However, there are just a few financial services out there with innovative ideas in this space.

Currently, just about 70% of all the cryptocurrency exchanges operate in the same way. Investors and traders face a lot of challenges simply because most of these platforms provide services that are below par. They put traders and investors money at risk with low security and non-compliance to state, federal or international laws. Also, there are high fees and very little liquidity for traders and speculators to trade on.

Question: How do we solve these problems from the roots?

Meet Quoine

Quoine is a global cryptocurrency firm that provides financial services and products that solves liquidity problems related to the Fintech industry and the cryptocurrency markets.

At QUOINE, we have identified ONE fundamental element to address. It’s an element so large it often gets overlooked... yet it’s vital to the health and growth of the worldwide Crypto economy. That element is LIQUIDITY. Liquidity is the lifeblood of any industry, any economy and any individual business.^src

By rolling out a set of smart, innovative platforms and methods for easy interoperability and transactions between world assets and currencies, Quoine will encourage and ensure premium, fast and secure financial solutions to liquidity in large and small volumes, not just in the cryptocurrency markets, but also in Fiat and stocks!

They will be doing this by implementing the following products/services:

Liquid.
The World book.
Prime Brokerage services.
The Qash token.

Liquid.

In the past, Quoine created 2 separate exchange platforms that had distinct case-uses. Namely, Quoinex and Qryptos. While Quoinex facilitated transactions between fiat and cryptocurrencies only, Qryptos allowed for investments and trades between cryptocurrencies.

Over time, the company realised the importance of liquidity and interoperability between digital assets, and how much traders and investors would love to have and control all of their assets in a single place without stress. Hence, these two platforms have been integrated to complement and expand upon both capacities for a better and more efficient world choice cryptocurrency exchange.

Liquid is the newest trading platform developed by the company (Quoine). It is a simple and unique exchange for cryptocurrencies and fiats!

QUOINE's Liquid is built to connect world assets together in a single place. It is built with the ease of use, versatility, liquidity, and the security of investors funds in mind. Liquid comes with state-of-the-art security protocols and conforms to all international regulatory laws.

Since most cryptocurrency exchanges lack the liquidity they need, Liquid improves the overall liquidity of several exchanges by connecting them together, and then comparing and pooling together the best orders from each of them in real time! This instantly opens up exchanges to a larger market beyond their reach, reduces the problems associated with price manipulations and fake volumes on in top centralized exchanges, and ultimately increases liquidity!

The Liquid platform will be using an official ERC20-based token called Qash, for the exchange service fees. Upon the platform's main net launch, Qash will be migrated to the new blockchain proper. Investors who use Qash on the platform will enjoy discount deals as well as other benefits such as airdrops and investment packages.

World Book.

World book is one of the core features on Liquid. It offers a multi-market order book that aggregates the orders/prices on world’s various liquidity sources into a single highly liquid tradable order book, allowing orders to be placed in the currency of one’s choice^src

World Book basically lists all prices and orders from different exchanges around the world into a single order list. This directly enhances the liquidity on these multiple exchanges by allowing anyone to transact digital currencies between digital currencies and between fiats currency pairs. Thus, creating previously unavailable trading pairs by simply utilising the foreign exchange market.

World Book is made up of 3 intrinsic systems:

A matching engine to pair orders across platforms and exchanges.
A Cross-Currency Conversion Engine (name-descriptive)
A Smart Order Routing mechanism to monitor and provide a real-time feed of all included exchanges and their orders.

Prime Brokerage.

The LIQUID Platform’s Prime Brokerage is comprised by a suite of services that provide users with tools to reduce counterparty risk and increase ROI. Prime Brokerage includes so-called Direct Market Access, Fiat Management, and Credit Facility as its core offering.^src

With Liquid's Prime Brokerage services, individual investors and institutions do not need a broker to be able to process transaction orders on Liquid. It single-handedly grants users the ability to leverage on Liquid's Smart Order Routing systems to access the best prices of assets at any instant, and on any exchange without the need to signup for those exchanges themselves.

Conclusion.

Liquidity is a major force as far as trading goes, and the innovation behind World Book and the Prime Brokerage is truly a game changer. Not just for cryptocurrency exchanges alone, but for every financial market in general. with the prevailing downtrend of stocks and commodities, It is only a short period of time before mainstream industries and platforms take after this trend.

In this article, we were able to briefly review QUOINE and it's products and services. For a closer look and more information, you might be interested in viewing the links below this texts.