DAOstack announces new $GEN exchange listing on Liquid by Quoine

HONG KONG, CHINA -�Media OutReach - October 8, 2018 -  DAOstack’s native token
for collective attention, GEN, will be listed on Liquid,
(https://www.liquid.com/) the newly-launched cryptocurrency exchange by Quoine,
starting October 9th, 12:00 JST. GEN-ETH, GEN-BTC, and GEN-QASH trading
pairs will be available to start, with GEN-fiat trading pairs available in the
near future.

 

DAOstack is designed to be a kind of WordPress
for decentralized autonomous organizations (DAOs), a new type of Web3-native
organization that allows like-minded communities to act on shared goals or
values without depending on concentrated power centers. The GEN token will soon
link a network of DAOs built for a variety of purposes on the DAOstack
platform. DAOs using the GEN prediction network will be able to effectively
filter proposals by their predicted chance of passing. This allows DAOs to
remain values-aligned and efficient while scaling to potentially any size. GEN
lets individuals both inside and outside the DAO lend their expert attention in
exchange for a chance to profit and be rewarded for correct predictions.

 

GEN-based prediction is native within Alchemy,
DAOstack’s first application for decentralized governance, whose Alpha release
is currently live on the Ethereum mainnet. With a full release targeted for
2019, Alchemy will make it simple for DAOs of unlimited size to smartly
allocate resources and voting power. A community of predictors is already
active and growing, and its increasing size, expertise, and network effect will
benefit all DAOs using Alchemy. Since predictors must hold GEN to stake on
proposals, they have an additional incentive to help all GEN-connected DAOs
achieve their goals.

 

DAOstack’s strategy for GEN includes many of
the features that made Ethereum successful. For one, DAOstack is stimulating
product and community development by channeling funds from its token sale
through the Genesis DAO, the first DAO deployed using the DAOstack platform,
created as a proof of concept and an open-source foundation for DAO
development. Also, like Ether, GEN has a highly generalizable utility, as Matan
Field, DAOstack architect and CEO, has pointed out: “In the same way that ether
is gas for the collective attention of computers, the GEN token is gas for the
collective attention of human beings.”

 

With GEN’s listing on Liquid, DAOstack is
excited to be taking the next step toward an open, growing ecosystem of
decentralized organizations.

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ABOUT Quoine

Quoine is a leading global fintech
company that provides trading, exchange, and next generation financial services
powered by blockchain technology. With offices in Japan, Singapore and Vietnam,
Quoine combines a strong network of local partners with extensive team
experience in banking and financial products to deliver best in class financial
services for its customers. More information is available at www.quoine.com

In September 2017, Quoine
Corporation became the first global cryptocurrency exchange to be officially
licensed by the Japan Financial Services Agency.

In September 2018, the two exchanges
owned by Quoine, Quoinex and Qryptos, were merged and relaunched as Liquid.
Liquid will be powered by Quoine’s World Book, which provides customers
enhanced price matching and deeper liquidity for various fiat and
cryptocurrency pairs. More information can be found at: https://liquid.com