Xtrackers MSCI Philippines UCITS ETF 1C, XPHG:LSE:GBX ...

1300 Japanese telegram! 125! New High AMA in Jap HIGHLIGHTS of 2017 1. 1.Japan the 1st to regulate crypto

1. 1st Global exchange regulated and licensed by JFSA 1st April legislation and got it in September. 1 and a half years to become regulated in Japan!
   
2. 4980 participated in our ICO globally(98 countries). Largest ICO out of Asia.
   

1. Japanese government is the only government that has a guideline that crypto exchange needs regulation
2. possible 200+ by next year of employees
3. Exciting 2018 year, QRYPTOS going to be an ICO listing platform, self service. By Q1. A proper exchange that does proper KYC. Puts our name behind our product and service.
   
4. Liquid Q1. Prime brokerage a little later after that. QUOINEX regulated and QRYPTOS ICO listing platform and Liquid for professional traders.
   
5. QASH a liquidity token used on all our services. Blockchain will migrate our exchange. Best performance, low latency and reliable, tailored towards fintech services.
   
6. As user base increased, performance dropped. ME and database structure needed addressing. Complete rebuilt of our platform will improve our services. We are hiring!
   
7. All exchanges don't admit, but they have been hacked. We never had a single hack. Cold wallet and we are proud. Trading convenience with security. Finding the right balance between security and convenience.
   
8. Partnership with Gibraltar(Independent democracy). More progressive and increasing area for fintech. Identified cryptocurrency and blockchain as one of their core initiatives to lead the world. Passing legislation which means Japan is the 1st to pass and 2nd is Gibraltar. GSX is a national exchanged owned by the government. Under is GBX, we are going to provide the entire platform. We will provide QASH token as their payment token for their services. Rock token is going to be mandated by ICO companies to pay for their exchange. Agreement that QASH token to be used for all their services. One of the first step where QASH becomes a UTILITY. Rock token is going to be limited. The public sale is going to be $5m worth. Of the $2m, half to QRYPTOS and to QUOINEX. Mike says hi to Thomas Chao! 3m to their exchange, 2m will be handed to QUOINE. People KYCed on our exchanges will be able to buy. Pro rated once again. Possibly qualify for QRYPTOS that we need to sign up on GBX as well. We are going to ask Rock token buyers to open an account on GBX as well. This is to help their exchange and get the partnership going. Not pumping, merely stating the fact.
   
9. For 2018, many things going to launch. Q1 QRYPTOS self service ICO. World book beta 1 hopefully up. Q2 prime brokerage go live. Mid next year, initial version of QASH blockchain to be available for the public (test net).
   
10. Expanding the current team (90 people?) by a 100. A new office in Japan. [Mike is crazy with 1m people on telegram, I only have 2 hands. GG CMS]
    
11. Mike wants a big community, and he wants us to help him!
    
12. 2019, QASH token to be top 5 in the next couple of years. Exciting journey and everybody and enjoy and keep us humble! We want to grow and improve with you. We are cognasant. Benefits everyone.
    
13. Binance (honest answer) If you are a legitimate exchange, for example in Japan as a regulated licensed exchange, it is mandatory to have our shareholders, team, trading rules need to have front and center on our website. Any exchange that does not have that, what would that imply? Why do you need to hide that? An exchange needs to be transparent, open because they handle customer's assets/crypto. A financial service at the end of the day is a trust business. Why wouldn't an exchange disclose that?
    
14. In Oct, Binance approached (just before our ICO, they wanted to purchase millions of dollars worth of QASH with the ICO discount. They bought and mentioned they wanted to list).
    
15. Somewhere somehow that was no longer the case for them. They put a new condition, and the condition was them listing Binance token on our Japan exchange. But because they are not approved by JFSA, we can't list them. But their lack of disclosure and their lack of intention to cooperate with the requirement to be blessed in Japan, it will not work out). We cannot do it on our own disclosure, they need to be blessed by JFSA.
    
16. We brought Rock token with transparency and JFSA blessed it and hence Rock token can be sold in Japan but not BNB.
    
17. Backbone and infrastructure of Liquid structure for withdrawal process. Providing liquidity means buying a certain token and crypto without manipulating the market. Different compared to withdrawals. It is our responsibility that we make it clear on our security policies on our platforms to stop confusion.
    
18. Regarding hot wallet, 90% gets hacked. Most people do not disclose hack. Only until their tokens are GGed. We do 100% cold wallet and done once a day. It is our responsibility to explain that. Hopefully by end of Q1 and maybe Q2, done 2 times a day then 3x. But we need to be aware that we do not want to delicate withdrawal too far down. Only CEO CTO and CFO does the multi sig. If 2-3 times, they need to start delegating and that needs more detailed discussion. Weekends are considered and if hot wallets should be considered. 5-10% used to be hot wallet, but security comes first, then convenience.
    
19. Regarding sign ups, affected performance. More resources towards Liquid platform and by the end of Q1, the beta of Liquid platform will be up. Liquid features released and be of high performance.
    
20. Goldman Sachs and CME? GS offering cryptocurrency trading to their clients. Will white label with them a possibility? Anything is a possibility. When you look at the CXOs. SETH is from Goldman. We cannot disclose much. These things take time, but we will be the first one who know. When Mike puts his shoes in GS and where their websites don't disclose transparency, chances are they would not work with these exchanges. Main stream finance are going to jump into the new token economy. Are they going to build it themselves? Some will. Partner? Some will. Regarding CME, previously invited to talk on one of their panels. We would love to offer CME futures to our customers. First crypto exchange to offer futures. CME doesn't on board customers themselves. They need us to apply and be approved and based on location. eg CME japan and if Singapore, go through Singapore. We are probably the first exchange if approved, to offer CME Bitcoin Futures to customers but they take time and something beyond our control. We have a lot of interesting partnerships, but as a start up that only has 90 people, it is important to focus. Current focus that the current initiatives contribute to liquidity. We need to focus on doing our business well.
    
21. Back to Gilbatrar, we need to do the best so they are successful. And their success helps liquidity.
    
22. Once we lose focus, it becomes a kiss of death. We need to be careful on what and what not to do.
    
23. Why does QASH need our own blockchain. We want to create all our exchanges on our blockchain. Because non of the existing has the performance and latency and throughput to build a high performing platform. It is not available. Even using phython and programming languages, you cannot. With all these decentralizing exchanges, the performance is not there. Compared to traditional finance, they need to be high performance low latency and that is not achievable. But we believe our blockchain (nodes and database distribution, smart contract, virtual machines) so we can build a high performance and a low latency on top .
    
24. We believe that at QUOINE we can do that. If we can achieve that, all fintech services, they can build it on top of our blockchain.
    
25. Any financial service is going to be regulated, we mind as well embrace it. To those who are against, are ultimately going to lose. Tax authorities are going to come. Embrace it and become pro regulated. 1st Japan, 2nd Gibraltar, Singapore, Philippines and Korea are coming up. When that happens, there are going to be exchanges which comply and those that don’t. These will help make crypto tokens legitimate. Free society still needs a framework/rules/guideline and that is a problem,. Banks do not know which exchange to work with because of the gray area of operation. So they have zero toleration. But once regulated and licensed, it becomes easier to build an alliance and platform to work on.
    
26. Pre ICO is 5x. where can you find a 5x return 2 months or a month a half after listing. When you compare Cardano, ADA, these momentum tokens is not something Mike embrace. Prefers a price appreciation linked to performance, product launch, new services/partnerships rather than being the flavor of the day (pump and dump/manipulation). Just because some token goes up 200% does not justify. Mike looks at fundamentals and it is good thing that the token is stable. 100% one day and 90% down the next is not the preferred case. Eg, BTC took 9 years aside from the sudden movements. But Mike does not believe that QASH is sluggish and hope community does share that view.
    
27. It is a journey and takes a couple of years. Cash out but new people will come in. Mike wants us to understand that we are building a business, platform, fintech enabled ledger(the blockchain) that grows as business and utility of the token grows. Mike cannot predict what is going up and down and performance of other tokens. It is good that if it stables. Gradual appreciation.
    

UPDATES:

• Christmas campaign concluded. Over 1000 participants joined. (announcing last week traders). More promotions and campaigns next year. Touched on Monaco campaign.
  
• Mike likes the term QUOINERs.
  
• Touch on Christmas campaign scam going. Our QUOINE marketing campaigns will only come from our official social media and platforms and not from anywhere els
  

Mike Kayamori (CEO of QUOINE): Dear QUOINERs
Good Saturday!!
I have decided to make Saturday my weekly update as it gives me time to reflect the past week and plan for the coming week.

• Market Volatility -

Once again, this week was a volatile week in terms of crypto token prices. The price of Bitcoin and other tokens have gone down 50% from its peak. (But to put this in perspective, when MT. Gox incident happened, the price went down 90% and stayed down for a couple of years)
Some people say the “Bubble has burst” or “Bitcoin is dead”. But during my 5 years in this industry, I’ve heard this story more than 100 times. I believe it is healthy when there are both positive and negative/skeptic opinions as bubbles are formed when there is a general euphoria where everyone believes that the price will only go up. That said, it is important that we cautious during these volatile times. You not take on high leverage positions (though it could be a wonderful opportunity to accumulate).

• Community Managers -

This week, our Community Managers visited our Vietnam office (They leave today). I was only able to spend a few hours (and a wonderful dinner) but was updated on the pain points of our community and discussed how we can improve (product, support, customer on-boarding, marketing, etc.). I am blessed to have such passionate and caring community managers. One thing they all mentioned was that our Telegram community is one of the best. Our community is constructive, passionate, and respectful.
Let’s keep it up…..I am so proud!!

• Meetup -

We had our first Meet-up event in Saigon office last tuesday. Over 100 joined the meet-up. We hope to continue these meet-ups not only in vietnam but in Japan and other parts of the world.
https://twitter.com/quoine_sg/status/953594159939534849

• Improvements -

1. Customer Support: We are building our extended customer support team in the Philippines and we hope to be up and running by end of Jan. We will start with 10-15 headcount and will gradually grow.
   
2. PW/2FA Reset: By end of the month, we hope to allow our customers to change/reset their password and 2FA (with some cool off period). As you know, most hacks and theft happen via social engineering and hackers stealing customer credentials. We need to have the right balance between safety and convenience.
   
3. Hot Wallet: We are developing our own hot wallet for small withdrawals. There is a tradeoff between convenience and safety but we will start with BTC and then gradually expand. I can not give a date but we are currently working on this.
   

In addition to the above, we are working to streamline all processes. Only after we have the above will we go full marketing.

• Important Notice on Crypto retrieval policy -

We recently published our policy regarding the retrieval of mis-placed tokens. (Minimum retrieval value must be USD5,000. Service fee is 10% charges + 500 QASH) New policy is from Jan 1st 2018.
I’ve mentioned in the past but retrieving mis-placed tokens from the Blockchain requires custom coding. It is time intensive and tedious but most importantly, we assign only our VP of Engineering to do this for security reasons. We do not allow just any engineer or staff member to retrieve it as that person can potentially retrieve other tokens as well.
Other exchanges do not entertain retrieval at all due to the above reasons and we offer this service because we care of our users. But given the effort involved, it cannot be free.
So most importantly, please do not send to the wrong address.

• New Token Listing -

Last week, we listed FDX (FidentiaX) and TPT (Neverdie Token- it’s for gamers). QRYPTOS was the first exchange to list them and we will try our best to be the first exchange to list up and coming tokens (we hope to list 3 new tokens this coming week).

• Gibraltar Blockchain Exchange and Rock Token ICO -

On thursday, we recorded our AMA with Nick Cowen, CEO of Gibraltar Blockchain Exchange. It will be uploaded tomorrow.
We encourage all QRYPTOS users to also sign up with GBX to increase your chances of buying the Rock Token as there will probably be a cap per buyer. https://gbx.gi/token-sales/
Finally, I will be in Tokyo and SF (Blockchain Connect Conference) If anyone is there, I look forward to meeting you. http://www.goblockchainconnect.com/
Once again, thank you for your support and have a wonderful weekend.
Mike K