The Japan-based subsidiary of Quoine has cautioned against over-reliance on unregulated stablecoins in the past.
Customers of Japan-based Quoine subsidiary crypto exchange Liquid can now trade buy and sell Maker’s Dai, a decentralized, ERC20-based Stablecoin, according to a blog post from the exchange.
Dai is an algorithmic stablecoin that controls is value by creating and burning tokens in accordance with supply and demand. It is collateralized with ETH, the native token of the Ethereum network. When the price of DAI exceeds USD$1, it can be sold for more than it’s worth, which increases the coin’s supply and causes it to fall back to USD$1; when it is below USD$1, users can use it to pay off debt within the system, which increases demand and raises the price.
While DAI isn’t regulated, its decentralized governance and transparency model have caused some to believe that it is more secure than its centralized stablecoin counterparts, such as Tether dollars (USDT).
However, another blog post from Liquid posted in November warned traders against becoming overly dependence on unregulated stablecoins: “the problem begins as dependence on these stablecoins grows. Trading with unregulated stablecoins could be extremely dangerous to crypto as a whole. If unregulated stablecoins fail, the effects can be catastrophic,” the post explained.
But the post also said that “stablecoins can and should be an excellent resource for traders, which is why exchanges have been quick to jump at the chance to list them, especially in absence of having the necessary regulatory approval to list fiat.”
Liquid Will Host a Sale of Telegra’s GRAM Tokens
Liquid made headlines earlier this month when it was announced that a sale of Telegram’s highly-anticipated GRAM tokens would be hosted on the exchange. However, only USD and USDC can be used to buy GRAM tokens.
The Gram Token Sale is coming to Liquid.
For the first time, members of the public will be able to buy Telegram's sought-after $Gram tokens. $QASH holder benefits included.
Get the inside scoop.https://t.co/atHGHUP32v
— Liquid (@Liquid_Global) June 11, 2019
But the tokens being sold on Liquid are not actually being sold by Telegram itself, but by Gram Asia, the largest holder of Telegram tokens.
“We are excited to be partnering with Gram Asia to launch the Gram token sale, which is wonderful news to our community who are native users of Telegram,” said Mike Kayamori, co-founder and CEO of Liquid. “We share the vision for a more secure and open value transfer system in order to enable the mainstream adoption of Cryptocurrencies.”
Finance Magnates interviewed Quoine's Nick Chong earlier this year. To hear that interview, click here.
Customers of Japan-based Quoine subsidiary crypto exchange Liquid can now trade buy and sell Maker’s Dai, a decentralized, ERC20-based Stablecoin, according to a blog post from the exchange.
Dai is an algorithmic stablecoin that controls is value by creating and burning tokens in accordance with supply and demand. It is collateralized with ETH, the native token of the Ethereum network. When the price of DAI exceeds USD$1, it can be sold for more than it’s worth, which increases the coin’s supply and causes it to fall back to USD$1; when it is below USD$1, users can use it to pay off debt within the system, which increases demand and raises the price.
While DAI isn’t regulated, its decentralized governance and transparency model have caused some to believe that it is more secure than its centralized stablecoin counterparts, such as Tether dollars (USDT).
However, another blog post from Liquid posted in November warned traders against becoming overly dependence on unregulated stablecoins: “the problem begins as dependence on these stablecoins grows. Trading with unregulated stablecoins could be extremely dangerous to crypto as a whole. If unregulated stablecoins fail, the effects can be catastrophic,” the post explained.
But the post also said that “stablecoins can and should be an excellent resource for traders, which is why exchanges have been quick to jump at the chance to list them, especially in absence of having the necessary regulatory approval to list fiat.”
Liquid Will Host a Sale of Telegra’s GRAM Tokens
Liquid made headlines earlier this month when it was announced that a sale of Telegram’s highly-anticipated GRAM tokens would be hosted on the exchange. However, only USD and USDC can be used to buy GRAM tokens.
The Gram Token Sale is coming to Liquid.
For the first time, members of the public will be able to buy Telegram's sought-after $Gram tokens. $QASH holder benefits included.
Get the inside scoop.https://t.co/atHGHUP32v
— Liquid (@Liquid_Global) June 11, 2019
But the tokens being sold on Liquid are not actually being sold by Telegram itself, but by Gram Asia, the largest holder of Telegram tokens.
“We are excited to be partnering with Gram Asia to launch the Gram token sale, which is wonderful news to our community who are native users of Telegram,” said Mike Kayamori, co-founder and CEO of Liquid. “We share the vision for a more secure and open value transfer system in order to enable the mainstream adoption of Cryptocurrencies.”
Finance Magnates interviewed Quoine's Nick Chong earlier this year. To hear that interview, click here.
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Crypto Mining Company Argo Reduced Losses by 85% in 2023
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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