Quoine raises 350 million QASH in significantly oversubscribed ICO

Crypto ICOs showing a comeback, after major drop off in 2018
Quoine is the first global cryptocurrency FinTech company to receive a license from Japan Financial Services Agency

Quoine’s ICO, also known as the QASH Token Sale, started on November 6th at 00:00AM SGT. The QASH Token Sale had 4,988 participants from 98 countries around the world. At the end of the sale on November 8th at 23:59PM SGT, Quoine informed that the allocation of 350 million QASH (the equivalent of 350,000 ETH or USD105 million) was oversubscribed.

The team at Quoine is comprised of banking and finance veterans from global investment banks. CEO and Co-founder Mike Kayamori has more than 20 years’ experience in investments, business management, IT and venture capital. Both CEO Mike Kayamori and Chief Financial Officer Katsuya Konno were from Softbank. Chief Technology Officer and Co-founder Mario Lozada came from Credit Suisse and Merrill Lynch. Chief Compliance Officer Ken Mazzio came from Merrill Lynch and Barclays. Chief Strategy Officer Ray Hennessey is a Goldman Sachs and Merrill Lynch veteran. Head of Operations Seth Melamed was also at Goldman Sachs for more than 10 years. Chief Trading Officer Andre Pemmelaar has experience in automated trading systems for more than 15 years.

The funds raised from the QASH Token Sale will strengthen the development of Quoine liquid platform. The Quoine liquid platform is a solution that will transform the crypto economy by providing liquidity, a much needed element across crypto markets.

Quoine liquid features the World Book, a globally sourced trading platform and Prime Brokerage, a suite offering direct market access, fiat management, crypto/fiat credit facilities and real-time reporting.

QASH will be listed on Quoinex, QRYPTOS and partnered exchanges by December 1st.

CEO and Co-founder Mike Kayamori commented:

I would like to thank everyone who participated in our QASH Token Sale. Our responsibilities are bigger now. We have a clear fiduciary responsibility now to our token holders. First, from the product development perspective, we have to deliver our product as promised. Quoine liquid already has the core development, and now we are moving into refining the user experience. Second, we have to provide liquidity by making sure that besides QUOINEX, QRYPTOS and Quoine liquid platforms, other exchanges will be listing our QASH tokens, that there will be price stability, and there is an upward appreciation to all token holders. I would like to thank everyone, including our team members for your commitment and continued support. And I would like to invite everybody to be a part of this exciting journey.

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Quoine raises 350 million QASH in significantly oversubscribed ICO

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