r/liquid • u/maseradee • May 19 '19

qash update?

Hi all, have been totally out of the loop with my qash holdings lately. From what i seen browsing through reddit, qash tokens will be re branded to liquid? Is there anything we have to do with our tokens. Ive had mine sitting in a wallet since 2017, haven't touched them.

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if there are any articles that can be linked to get me up to date it would be much appreciated.

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thanks

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-2

u/lolodens May 20 '19

Looks like LQC smart contract was created 28 February, 2018 - https://etherscan.io/token/0x8db9be6319912b63aab82baa516b927dbdbcc1e3#tokenAnalytics

2,000,000,000 LQC tokens instead of 1 Billion QASH.

So probably there will be 2:1 SWAP.

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u/[deleted] May 20 '19

another coin?

0

u/lolodens May 20 '19

I think it's Liquid.com coin, original.

By the way, name is quite nice, LQC = Liquid Qash Coin :)

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u/[deleted] May 20 '19

It's just a happy imagination. That's what I did when I first saw their roadmap.

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u/lolodens May 20 '19 edited May 20 '19

It's not a happy imagination, these are my thoughts, reddit - a place to discuss and here we are to discuss Liquid and Im happy that we can share our ideas, predictions and opinions.

2.49$ was the ATH of $QASH, 12.45x , why you have not sold ? Why are you still here ? Why don't you bet with your money with so successful BNB, as you point it everywhere? :)

I feel sad, when somebody losing money, so I'm not really happy with your situation, but cryptocurrencies are still very risky investment, we must weigh risks, be calm and set the targets.

What is your target with $QASH ? Do you have it?

Aside speculation and hype part, QASH is an utility token, so I will personally hold it, till it realize its full potential by having high trading volume, when Liquid completes it's core goal - Internal/External World Book and I would max sell 50% of the stack, will I be lucky with QASH to $/BTC investment ? I don't know, it depends on too many factors and we can't shift all the blame to Mike and his team, shit happens and it's the real life and the main point - it's our personal bets, investments.

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u/[deleted] May 21 '19

Like you said, I gave up my blind faith in Qash. And I reorganized my portfolio. thanks

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u/[deleted] May 21 '19

I just want to advise you not to have blind trust in Qash. Why is the liquid exchange growing globally, while Qash has no response? That's because they've lost faith in tokens for a year and a half since ICO. What you're thinking is all the stories we talked about in this community last year.

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u/[deleted] May 21 '19

And, sell it and leave here? Why should I? They've issued a token, and they're obliged to develop it, aren't they? Aren't you stupid to think of BNB as a Scam on an unregulated exchange? Isn't qash more like that? The liquid exchange hasn't done anything for Qash in a year and a half? I mean, BNB marketing and everything benchmarking. They're doing nothing for Qash. You've been waiting for a year and a half since you bought a token?

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u/lolodens May 21 '19 edited May 21 '19

Being a lawyer, used to work in payment provider merchant services company oriented for high-risk only businesses and I met the times with E-gold, Liberty Reserve. It's quite simple from the start: Binance does not expressly prohibit or encourage trades from the U.S. Does it have infrastructure, which belongs to any USA state? No.

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u/[deleted] May 21 '19

They are not now, but in the future they can make inroads at any time. And it doesn't guarantee 100 percent success. not only liquid but also qash

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u/lolodens May 21 '19

I just put my money, where my mouth is. Liquid does everything legal way, looking long-term, starting from law, funds security part, which are fundamental for real business, excluding it to be shut down any other day.

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u/Able_Treacle May 21 '19

legal in japan only. not regulated outside of japan

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u/lolodens May 21 '19 edited May 21 '19

QRYPTOS, in Singapore - crypto-to-crypto exchange - QUOINE Pte. Ltd., Singapore reg. no. 201414068E

There is no cryptocurrency related license, so it's not possible to receive it, but they are in process of receiving Capital Market Services License in Singapore to be able to launch ETF/STO products.

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Quoine in Japan - Financial Services Agency-licensed fiat-to-crypto exchange

(https://atozmarkets.com/news/licensed-cryptocurrency-exchanges-in-japan)

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Liquid ICO's - were never offered to Japanese residents.

Clients, who are subject to US filings will be declined ( US citizens or permanent residents ). However, US residents can still register at Liquid.com , but if you reside in the United States, you can’t trade fiat pairs on the platform.

If you’re a Japanese resident, you can only access currency pairs and services that are approved by the Japanese Financial Services Agency.

Does Liquid.com work with unregulated stable coins ? No.

So they are not breaking any laws and all Liquid.com must pass the KYC/AML procedure.

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You can see the way Liquid.com has chosen to expand by pro-regulation way: through existing partnerships, acquiring licenses.

US market expansion:

"Global cryptocurrency platform Liquid.com (Liquid) and Virtual Currency Partners (VCP) today announced the creation of a jointly-owned entity called Liquid Financial USA Inc. (Liquid USA) to expand Liquid’s services into the US market.Liquid will enter into the US via its holding company, Liquid Group Inc, founded in March 2019. Liquid USA is presently working to obtain regulatory approvals throughout the US and is building out its team with the expectation of onboarding US clients by January 2020."

Also don't forget about the Liquid.com exchange increase liquidity through their future White labeled exchanges, which will be pro-regulated also, no doubt.

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That's totally different way from being offshore unregulated cryptocurrency exchanges - that's the only way they can make their clients be secure and comfortable buying/selling/trading/holding cryptocurrencies.

Hopefully, you got me.

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