Oxygen is fundamental to life in the world’s oceans. In much the same way, QASH, soon to be the Liquid Token (LQD), will transform our Liquid platform into a vibrant, flourishing cryptocurrency ecosystem.
QASH will grant access to a range of exclusive benefits and services that will make the token a highly sought-after resource.
There will be many advantages to both holding and spending QASH.
Use cases for QASH will evolve over time along with the Liquid platform. The features outlined in this post serve as a guide to Quoine’s immediate plans for the utility of QASH. Utility in the future will not be limited to what is outlined in this blog.
Quoine reserves the right to make changes to these features at any time. We will update this post with new information as it becomes available.
QASH will be renamed as the Liquid Token (LQD) after Liquid platform launch.
QASH has fundamental use cases on Liquid
The QASH Market
On Liquid, you will be able to trade QASH against fiat currencies such as USD, SGD, JPY and EURO, as well as dozens of digital assets. This list is expected to grow, creating new and unique opportunities for portfolio diversification.
ICO Participation
QASH will be a payment method on the Liquid ICO platform.
Margin Trading
QASH will be a funding method for traders to use in margin trading of fiat and crypto currencies. You will receive 5bps (0.05%) of margin fee back in QASH tokens.
Lending (initially for global users excluding Japan)
The Liquid platform’s lending app will give traders the opportunity to lend their crypto, including QASH, which can be used as collateral for lending to margin traders to earn daily interest.
The utility of QASH will evolve
Trading Fees
Where applicable, traders using QASH to pay for their trading fees will be given a 50% discount on those fees. Traders who do not hold any QASH or those who do not wish to use their own QASH holdings can enable automatic QASH purchases on the Liquid platform. If this option is selected, we will deduct the fees incurred and then use these funds to purchase QASH in the open market.
Voting Rights
Holding the QASH Token allows access to community votes on matters such as projects to be onboarded on our platforms.
ICO Bonus Participation
As demand for ICOs and Private Sales increases, QASH holders will receive benefits such as an additional bonus for participating in ICOs and Private Sales using QASH as the preferred payment method.
QASH will be used to reward our loyal community members
Airdrops (initially for global users excluding Japan)
QASH holders will have exclusive access to airdrops through the Liquid platform. These may come from our ICO partners, new listed tokens or other surprise sources. We will reward our QASH holders who have put their faith into our vision and joined us on this journey.
Proof of HODL
We will offer periodic rewards that will only be unlocked by QASH holders who hold their tokens over prolonged periods. These rewards could take the form of special airdrops, extra discounts or other benefits now under consideration.
Exclusive Campaigns and Events
A central feature of Liquid will be campaigns, contests and events. Many of our campaigns will only be offered to holders of QASH, with QASH playing a central role in these campaigns.
Partner Perks
As we grow our network and establish new and exciting partnerships, we will offer QASH holders exciting opportunities through our partners and their range of services and platforms.
Liquid Rewards
Users of our platform will have the opportunity to contribute written articles or take part in other assignments in order to receive additional QASH.
