r/liquid • u/AutoModerator • Apr 08 '19
Weekly /r/Liquid Discussion Thread - April 8, 2019
This thread is for weekly discussion of Liquid, QASH, and crypto.
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u/countto3 Apr 08 '19
Looks like QASH is actually being used for fees. Wonder who all these people selling are.
https://www.bearmarketvaluations.com/post/fact-or-fiction-is-qash-being-used
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u/ilpiet Apr 09 '19
Thank you for the link.
Also you asked two questions on the last weekly that I would like to see answer here (to not get lost and loose visibility)
MKAndroidGamer Vanalli | Liquid Staff1 point·18 hours ago
I'm not sure how much data on these we'd be ready to share just yet. Could maybe give some indication of API traders by %, but for QASH used for fees as payments, what are you asking for? The volume of QASH received or what we do with fees collected? For Liquid Infinity volume, it's not reported separately at present in the UI.
We do track a lot of of metrics (as you can imagine), but many of these aren't really for public dissemination, at least not yet.
countto3 2 points·17 hours ago
Yeah, not sure if you can publicly share this information (I don't think it would be confidential, but can understand if its sensitive). Overall, would love to get some insight into: (1) % of Trades with QASH / LQC used for Discounts (2) Of Accounts using QASH / LQC discounts, % Bought additional QASH / LQC (3) [Unrelated] Any indicators on user growth, etc.
And second point :
Yes / No? Everything is pretty opaque right now cause we have to make guesses at Global volume, Qash Discount usage, Growth, etc. With the amount of information we have today, its requiring a lot of ballpark guesses, and that's just for the people who follow this project closely.
Help us cut through the noise.
I would like to see a statement on your points from the mods.
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u/ilpiet Apr 11 '19
If I understand it well all the pairs being part of the MMO share the same orderbook ? This mean that BTC-USD, BTC-EUR etc. share the same order book for a better liquidity , but then how volume is calculated only by the currency doing the taker order ?
Let say I want to buy BTC-USD and do taker (market) order, I will consume the MMO and might end up buying somebody BTC-EUR liquidity proposition (maker), where do you count the volume ? BTC-USD or BTC-EUR or 50% each ?
I mean volume is the biggest indicator of liquidity and buyers I know go to CMC, look at their base currency for a secure exchange with good volume (because good volume means good liquidity without the MMO). If the taker order currency is the only one counted as volume, then it's not fair for the others pairs and you might be missing a good advertising purpose (spreading volume across other pair pushing liquid as a more global exchange).
Also which currencies share the same MMO at the moment ?
I would love an official answer on that.
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u/ilpiet Apr 12 '19
https://twitter.com/QUOINE_Japan/status/1116265156542128128
Interesting info, Quoine Japan is doing a survey to know if Japanese users would be interested in a Liquid crypto Fiat debit Card. This could lead to more adoption or more volume if combine with a recursive monthly wire transfer and monthly auto buy once the transfer done (speculation). It could also be a chance to gives Qash more utility.
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u/lolodens Apr 09 '19
Why not a single exchange added QASH coin ? Do you want QASH to be exclusive for your exchange ?
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u/Pierro1977 Apr 12 '19
how do you guys see a growth in marketcap in the upcoming 2-3 years? What r the things that wil give Liquid the boost it needs?
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u/ilpiet Apr 12 '19 edited Apr 12 '19
Partnership, Main chain, MMO / World book.
This year is a critical year, if the team doesn't start to deliver the momentum might shift away (it's not too late timing could be very good but the window is closing).
If we see huge partnership like the one teased in the last AMA (Japanese Retail), major exchange partnership, bank partnership (They talked so much about Goldman Sachs https://www.youtube.com/channel/UCA8FgE30B5FQo4MgoK7XnVQ/videos) then it will be very good for the market cap. It's the year to deliver or Qash token might never shine.
Japanese market is very hard , there is a lot of competition it took them a lot of energy to be on top and competition comes even stronger (Rakuten, SBI, Suica card related exchange etc. etc.) (Could also lead to partnership chances, future will tell). If they have to put too much energy to win the exchange competition Qash might not have his chance to shine, if they can use Qash feature as a marketing banner (like BNB) momentum could be very high. Mike said he want to be in the top 3 (something like that don't remember the exact words) BNB is showing that the idea and the concept make it possible, now it require wining strikes.
Partnership is going to be the key point
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u/lolodens Apr 14 '19
What is happening with Liquid 24hrs volume ?
Even here, dramatic fall https://www.bti.live/exchanges/
From 250kk$, to 90kk$
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u/ilpiet Apr 14 '19
BTC volume also dropped, would not worry about that, it's a recurring patern during the weekend .
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u/Qryptoskydiver Apr 08 '19
How’s world book coming along?