inative Posted June 9, 2017 Share Posted June 9, 2017 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). Link to comment Share on other sites More sharing options...
Dsimmo Posted June 9, 2017 Share Posted June 9, 2017 http://www.betashares.com.au/wp-content/uploads/2016/12/BetaShares-Gold-Bullion-ETF-Currency-Hedged-QAU-Product-Disclosure-Statement.pdf possibly Link to comment Share on other sites More sharing options...
inative Posted June 9, 2017 Author Share Posted June 9, 2017 (edited) I found something - quantumproject.org Price was $0.05 Edited June 9, 2017 by inative correction Link to comment Share on other sites More sharing options...
tulo Posted June 9, 2017 Share Posted June 9, 2017 QAU seems something related to gold... Link to comment Share on other sites More sharing options...
Guest Posted June 9, 2017 Share Posted June 9, 2017 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. Link to comment Share on other sites More sharing options...
cmbartley Posted June 12, 2017 Share Posted June 12, 2017 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... Rchopra, Mercury, JoelKatz and 1 other 4 Link to comment Share on other sites More sharing options...
Guest Posted June 12, 2017 Share Posted June 12, 2017 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 Link to comment Share on other sites More sharing options...
Ripcurldog Posted June 14, 2017 Share Posted June 14, 2017 On 6/9/2017 at 6:46 AM, Dsimmo said: http://www.betashares.com.au/wp-content/uploads/2016/12/BetaShares-Gold-Bullion-ETF-Currency-Hedged-QAU-Product-Disclosure-Statement.pdf possibly That is the wrong QAU. The correct QAU is quantumproject.org Price was $0.05 for ICO, but it is much higher now. Link to comment Share on other sites More sharing options...
Dsimmo Posted June 14, 2017 Share Posted June 14, 2017 25 minutes ago, Ripcurldog said: That is the wrong QAU. The correct QAU is quantumproject.org Price was $0.05 for ICO, but it is much higher now. Yes, I was guessing when I posted that. Link to comment Share on other sites More sharing options...
cmbartley Posted June 14, 2017 Share Posted June 14, 2017 There is literally no information about how this token works. Link to comment Share on other sites More sharing options...
T8493 Posted June 14, 2017 Share Posted June 14, 2017 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. Link to comment Share on other sites More sharing options...
cmbartley Posted June 14, 2017 Share Posted June 14, 2017 "Advanced risk management models", fancy words without any explanation. Moveover, models are based on historical data and finance has proven that are models are ineffective at predicting future events, hence ever crash of the past century. T8493 1 Link to comment Share on other sites More sharing options...
Tehol_Beddict Posted November 3, 2017 Share Posted November 3, 2017 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. Link to comment Share on other sites More sharing options...
cmbartley Posted November 4, 2017 Share Posted November 4, 2017 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. Link to comment Share on other sites More sharing options...
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