Qoin Cryptocurrency Explained

A 101 on the key aspects of the new Qoin cryptocurrency financial product and its core financial risks. Note: An aspect that was not clarified in the video is that proceeds from the purchase of Qoin from the vendor may not necessarily in any way contribute to the purchasing power of the Qoin. It appears the purchasing power is hoped to be implied, the new or existing merchants on the network may be anticipated to front goods and services to lend implied purchasing power to the vendor issued Qoins, or the vendor may or may not have financially compensated new or existing merchants for goods or services with the proceeds of the vendor sale Qoin. If an independent exchange exists the exchange rate would likely be either at, or at a discount to the vendor rate unless some circumstance applied