QASH
Crypto Overview
Based on the most recent available information, QASH was a cryptocurrency token originally created by the QUOINE platform (now Liquid) to serve as a utility token within their cryptocurrency exchange ecosystem. The project appears to be defunct as of 2022.
The intended utility of QASH was to serve as a payment token for services within the Liquid exchange platform, including trading fee discounts and access to certain features. It was meant to facilitate transactions across multiple cryptocurrency exchanges through a unified liquidity pool.
Key findings on the actual utility and implementation:
- The token showed minimal real-world adoption outside of the Liquid exchange ecosystem
- Development activity ceased after Liquid was acquired by FTX in 2022
- The token's primary use case remained limited to trading fee discounts
- No significant partnerships or implementations materialized beyond the original exchange platform
Regarding token distribution and founder enrichment concerns:
- The initial token distribution included a significant allocation to the founding team and company reserves
- The project's marketing efforts were substantial compared to actual technological development
- The acquisition by FTX and subsequent FTX collapse has left the project effectively abandoned
Crypto Impact
To assign a comfort level investing in QASH from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to QASH.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.