Let’s talk about QUOINE’s competitiveness
Introduction
In the blockchain industry there are a lot of exchanges being developed and released on a constant basis, it seems a lot of teams want a piece of the pie, and are doing everything they can to position themselves in a market that for the last few years have been clearly the hottest one, with incredible returns for those who invested in it, and countless new projects and ideas that are slowly changing the world for the better.
One of the reasons why there is a strong competition when it comes to exchanges, is because people need to have fiat gateways to be part of the crypto ecosystem, this means there must be several ways for individuals to easily purchase their favorite cryptocurrencies, and vice versa, people also need to easily get out of the crypto ecosystem and back to the traditional fiat assets when they feel the risk is too high, and exchanges can satisfy this need.
Besides, given the fact that the blockchain revolution is just starting, and the future of the best crypto projects seems promising, it is to be expected that the amount of people participating in this industry, and in constant need of having gateways in and out of the crypto world, will only continue to increase, hence, providing a stable platform for thousands and hopefully, millions of people to manage their assets and trade with them in a secure way is an extremely valuable service, whose importance will continue to increase. The potential rewards could be mind-blowing, and the result of this is what we are seeing right now, a lot of innovation anywhere we look.
Regarding the people working at QUOINE, there are certain factors that make them one of the best team in the whole industry, which is why in the following sections I am going to discuss the qualities that make this project an extremely competitive one.
QUOINE’s outstanding team
In the previous articles I have been writing about QUOINE and, particularly about its latest development LIQUID, it has been left quite clear the incredibly advanced skills people in the team must have, they figured out how to provide liquidity for markets that would otherwise don’t have any liquidity, and achieving this by implementing a system that makes it possible to match orders across different exchanges is something undoubtedly astonishing.
What’s also very exciting about the team, is the experience they have accumulated over the years, together so far they have 250 years of experience across several related industries like “Forex IT, Forex Trading, Algos, Equity Trading Systems, and FICC (Fixed Income, Currencies, and Commodities)” Source and what’s more, they have also worked in important companies with worldwide fame and recognition for being among the very best of what they do, companies such as “Goldman Sachs, Bank of America Merrill Lynch, Credit Suisse, SoftBank Group Corp., SAMSUNG, SingTel, Mitsubishi Corporation, Anderson Consulting, AirAsia” Source among many others that are just as professional as these ones.
With this level of knowledge, expertise, and skills it should be no surprise to see why LIQUID is one of the best exchanges there are in the world.
LIQUID is already operating
One thing that happens a lot in the blockchain industry is to discover projects with amazing ideas and ambitious goals, but for any reason, they are unable to actually launch the platform they have been planning since the beginning. This is a risk that doesn’t apply to QUOINE because their LIQUID platform is already developed and working as it was designed to do, it is capable of matching orders with other exchanges across the world, their services are properly polished to provide the best experience for the users, and they are solving an actual problem that can add substantial value to the overall industry, specifically, they are solving the problem of markets in need of liquidity.
This is why QUOINE is in the phase of expanding their platform and services, and adding even more features to make LIQUID the best financial platforms for people with fiat and crypto assets. Below I added an image that shows the stage of development where LIQUID is right now, notice they already passed the most dangerous phase where more than 90% of companies end up failing:
Collaborations with other entities
Having a matching engine that can interact with third-party exchanges can only be done with productive relationships with said exchanges, the team at QUOINE understands that long-term success can only be achieved by working together with other entities and developing sophisticated solutions with them.
However, these collaborations go beyond other entities from the crypto space, because QUOINE has existent relationships with banks from several continents like America, Europe, and Asia. Given QUOINE’s long-term goals of having LIQUID as a platform where people could also manage their fiat currencies, it is crucial for them to develop and foster productive relationships with traditional financial entities, they even mention that “Our team has succeeded where most others have failed” Source, which means the extent of their collaborations goes far beyond what other teams are capable of reaching.
Strict security measures
Knowing QUOINE is the only cryptocurrency firm with an official license from Japan, makes it clear this team are all about acting in the most correct possible way, and they are all for taking the necessary safety measures to avoid having any issues in the future.
When a company provides financial services, the most important factor besides complying with any regulation, is for there to be rigorous security mechanisms to avoid attacks not only from malicious external users, but also from internal threats like employees going rogue, which is why QUOINE has “an independent internal auditor, a Big 4 firm as their external auditor, compliance training for all employees”, among other security measures Source
Conclusion
In this article I explained the most important elements that make QUOINE an extremely competitive company, it all comes down to the wisdom gathered by the team thanks to their experience in previous jobs, and their understanding of what it takes to succeed in the blockchain financial sector.
I also think it is very interesting the willingness of this team to collaborate with other institutions, this is probably the most productive way of approaching entities that operate on the same industry, and hopefully, in the future, there will be more collaborations and even better features being added to LIQUID.
For anyone interested in knowing more about this project, I will leave some informative links:
Project Website: https://quoine.com/#products
Products/Services: https://www.liquid.com
QASH token: https://coinmarketcap.com/currencies/qash/
Quoine Team: https://quoine.com/#mission
Facebook: https://www.facebook.com/QuoineGlobal/
Medium: https://medium.com/quoineglobal
Twitter: https://twitter.com/quoineglobal
Instagram: https://www.instagram.com/quoineglobal/
“DISCLAIMER: The information contained within this post shall not be taken as financial advice. I am not a financial advisor and none of your investments should be carried out based on any information presented here. You can lose all of your money by investing. The following information is for educational and entertainment purposes only.”