QUOINE was founded in 2014 by Mike Kayamori (CEO) and Mario Gomez Lozada (CTO). Kayamori previously served as Senior Vice President of SoftBank Group and was the Chief Investment Officer of Gungho Asia. Lozada was CTO of Merrill Lynch in Japan for 11 years, after which he became Information Manager at Credit Suisse Japan. The team also includes other financial specialists, often with an Asian background, as well as other software developers who take care of the technical side of token development. QUOINE is the first crypto currency company to be officially licensed by the Japanese Financial Services Agency. The developers already maintain the exchange platforms QUOINEX and QRYPTOS, which are integrated into the network of the QASH token.
QASH Token Advantages and Disadvantages
Although the project took shape as early as 2014, further milestones have yet to be reached on the way to the finished platform. For example, the developers still have to negotiate with the exchange exchanges to make it possible to process the transactions via QUOINE. Will they have any interest in it at all? The team is optimistic and emphasizes that it is already connected to various online trading centers. The Korean swap exchange Binance is trying something similar by concentrating on small and rather unknown old coins. There is certainly no lack of competition. Gemini and Coinbase specialize in the purchase of crypto currencies with fiat money. Bancor’s blockchain can be used to freely convert ERC20 tokens (including the QASH crypto currency) and could become a serious threat.
A legitimate question is what incentive the developers want to provide to buy the QASH token. The crypto currency has only limited functions. On the page the developers describe how the crypto currency becomes the preferred coin for financial services, similar to Bitcoin. How they imagine this remains unclear. Later, the token is to become a general means of payment. An own QASH Wallet does not exist yet. Nevertheless, the course has not developed badly so far. Probably one must still give some time to the development and the team. The idea has its advantages and the team looks professional and already has a background in the field of trading crypto currencies.
QASH Token Course – Development – Forecast
The QASH crypto currency started with a value of 50 cents in late November 2017 on the stock markets. At the end of the month, the QASH token price rose to over 1 euro per coin and then fell to 50 cents in the first few days of December. For a short time, the value of the token reached 1 euro again in the middle of the month. Until the end of the year, the price remained at around 70 cents.
January 2018 was a particularly successful month for the crypto currency. For several days, the exchange rate reached around 2 euros per coin. Towards the end of the month, the price sank again to 1 euro, in February even lower to below 1 euro.
With such a young crypto currency, it is difficult to make an exact forecast. The token development has been running since 2014, but it is not yet possible to say how the token will behave on the stock markets. Until the platform is officially finished, the price will probably behave like most crypto currencies, lose value and gain value again.
Create QASH Wallet
There is no own QASH wallet yet. Instead one can fall back on wallets which can store ERC20 tokens. The MyEtherWallet is recommended in this respect. On the MyEtherWallet page you first have to enter a new password and then click on “Create New Wallet”. You will get a keystore file and a private key, which you have to keep. You also get the address of the wallet. You have to send a small amount of ether to this address to unlock the MyEtherWallet.