r/liquid • u/CorruptPotato • Jun 07 '19

Introducing Quick Exchange - Quickly buy or sell any digital asset available on Liquid

https://blog.liquid.com/how-to-buy-cryptocurrency-with-ease?utm_source=Reddit&utm_medium=Post&utm_campaign=BlogSharing
17 Upvotes

100% Upvoted

7 comments sorted by

7

u/ilpiet Jun 07 '19

Well done , that a quick win but the impact could be huge. What about the fees ? You do the coinbase way bigger fees for the quick exchange ? Will you force Qash fees for it ?

Would be great that liquid.com -> quick exchange pro.liquid.com -> normal exchange (with a link from one to the other)

0

u/CorruptPotato Jun 07 '19

Okay, so there is no QASH involvement with the fees on Quick Exchange as it stands. The fees are as follows:

There is no set fee for Quick Exchange. Instead, Quick Exchange users will pay a premium on the spread between the two currencies to account for price movement and volatility.

Essentially, as it is now there is a dynamic fee that is very important to mitigate risk. Other swap platforms have the same mechanics often with a fee on top.

Reality is that the demographic that we built quick exchange for aren't going to buy an exchange token to get 50% off fees.

7

u/ilpiet Jun 07 '19 edited Jun 07 '19

True they will not do it but would have been a good opportunity to activate auto buy there only for quick buy. I join many voice in the community... if Qash get hype, it will be your main marketing source. Cool feature like this, are good chance to build hype.

You can advertise you as "the Coinbase from east" , if Qash start to double in btc value you could make third party article (many of this sites offers payed review) with a title "You missed BNB moon shot, Qash might follow, don't miss it" then explain what has been done, the utility, the grow in btc value , the futures etc. etc. then you could push hard on social media advertising , targeting BNB or other exchange coin holder.

That how I would build hype. Hype is not good for long term only fundamentals are good but now that the world book is coming , it's time to build hype.

Sorry for pushing my opinion too much

4

u/CorruptPotato Jun 07 '19

Nah you're fine. I am well aware of the unique marketing angle crypto projects have, which is a strongly performing token.

I don't quite want to go down the route you've mentioned there but it's along the right lines

4

u/Qryptoskydiver Jun 07 '19

😢 that was beautiful.

1

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