Phoenixfund

Growth prospects, episode #1: QASH

BITFINEX:QSHUSD   None
The other day we launched a column in which we assess the investment attractiveness of the upcoming ICO's. Thanks to this column, you can understand whether to buy a particular token, as well as its prospects. We publish this column in Medium, Twitter and Telegram channel (links are available on our website).
In the future, we will add this section to our website.

We also decided to launch another column "Growth prospects", in which we will assess the prospects for the growth of tokens of projects that have completed ICO 0.00% . Let's start with an overview of the most interesting coins-top 100 according to Coinmarketcap. And first project: QASH.

Project's name: QASH
Ticker: QASH

ICO dates: 5 NOV – 8 NOV 2017
ICO funds: $106,400,000

Trading volume (24h): $745 287
Total capitalization: $ 76 393 557
Token price: $0.218267

About:
QUOINE LIQUID PLATFORM is a single globally-sourced trading platform with an associated suite of services. Combined, these produce the highest level of liquidity in the world—allowing any individual to access the opportunities and wealth the new Crypto economy offers.

Implementation: Behind on some of the roadmap items

Conclusion:
The product of the project: cryptocurrency exchange with a very common functionality, but ambitious goals. The exchange interface is no different from existing exchanges. The number of trading pairs with USD is small. Almost a year after the ICO, the daily trading volume is only $ 4.5 million. Where are $100,000,000 million raised through ICO is unclear. For a year of work the team failed to make a breakthrough with such capital, besides they lag behind the road map. The low trading volume indicates the lack of interest of traders to this token. Given all the factors, we can conclude that the project has no prospects, and therefore should not expect explosive growth. It is not a fact that with a new round of growth of the cryptocurrency market, QASH will reach the previous heights, because the ICO is held every day, some of which have a chance to get into the top-100, which means to push the porridge from its place.

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