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GateHub Fifth issues QAU. Any idea what it is?


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So today I got new notification in my Gatehub wallet to set trust to QAU:GatehubFifth. Do you happen to know what it is? Their page or blogs don't mention anything so far. Listing it on Fifth suggest it could be a crypto token. According to market the price is around 1 XRP (I guess those are just random offers guessing just like me).

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We will provide more information soon. Gist of it is we will be adding support for QAU. Reasons for this move will be explained soon on our blog and here.

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This project does not inspire confidence. There is almost no information about it. The whitepaper is 8 pages, 3 of which are the cover and table of contents essentially. The other 5 are double-spaced and vague. I guess it's an ERC20 asset? Doesn't even clearly states that. There is no clear description of how the liquidity pool works or what creates demand for the tokens. The a vague sense that the tokens might be desireable to an exchange but not to an individual investor. I wouldn't align myself with this token too closely I were Gatehub... Looking forward to Dash and more established tokens...

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15 hours ago, cmbartley said:

This project does not inspire confidence. There is almost no information about it. The whitepaper is 8 pages, 3 of which are the cover and table of contents essentially. The other 5 are double-spaced and vague. I guess it's an ERC20 asset? Doesn't even clearly states that. There is no clear description of how the liquidity pool works or what creates demand for the tokens. The a vague sense that the tokens might be desireable to an exchange but not to an individual investor. I wouldn't align myself with this token too closely I were Gatehub... Looking forward to Dash and more established tokens...

I understand your considerations. You don't need to have to buy the token or support it, we have implemented the project in order to provide liquidity. Read more about it at our blog here: http://blog.gatehub.net/post/161749683192/gatehub-fifth-launches-quantum-deposits

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9 minutes ago, cmbartley said:

There is literally no information about how this token works.

The problem is also that they're selling the token as if the loss cannot occur:

Quote

 

What if there is a loss in the liquidity pool?

We will use advanced risk management models to mitigate any potential loss of funds in the liquidity pool. All models have been back-tested since the inception of bitcoin and will be modified to meet all risk profiles of any currency or digital asset that will start trading on open markets. Liquidity pool funds will be diversified among different currency pairs and different marketplaces. This will prevent material loss in an unlikely event of bankruptcy on an exchange or any other market event that might occur in the future.

 

 

http://www.quantumproject.org/faq/#section3

They've completely avoided explaining what happens when there is a loss.

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  • 4 months later...
15 hours ago, Tehol_Beddict said:

Many market and finance related news items are pointing to the central role ERC20 tokens, specifically XRP ERC20 tokens like QASH and QAU (I suppose?), will play in the world of crypto liquidity for FIs. Just thought I’d bring this back.

I think QAU was in part a proof of principle experiment for Merlak. A related idea is being implemented for his project tokens.net. There a lot going on in Slovenia.

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