Coincheck Co. Ltd., a crypto exchange based in Tokyo, Japan, has announced today that it will be handling Qtum (QTUM) soon. Qtum will be the twelfth virtual currency project for this company. By far, the platform has not revealed the exact date when it will start handling Qtum.
What’s unique with CoinCheck’s QTUM-handling?
Coincheck already handles a variety of virtual currencies in terms of selling, trading, purchasing services. But what separates QTUM from the remaining eleven is that along with the already established services, Coincheck will offer ‘lending services’ for QTUM.
The lending services allow the users to lend cryptos in lieu of adhering to a set of terms and conditions of a contract. The contract comes with a fixed time frame, post which the platform returns the cryptocurrency. A 12-month percentage rate also accompanies this. Reports reveal that this rate is up to 5 percent.
Qtum Foundation developed Qtum in 2016. This cryptocurrency allows the implementation of the smart contract of Ethereum. Simultaneously it allows a high standard ‘secure balance check method,’ which is also used in Bitcoin and Ethereum. It can work both as a decentralized application (dApp) platform as well as a payment platform.
Launching nodes to become easier with a partnership with Google and Amazon Web Services:
Recently, the platform has also formed a partnership with Google and Amazon Web Services (AWS), with the aim of creating a thriving dApps development environment. The CIO of the platform- Miguel Palencia shone a light on the platform features in the following way:
Where launching a node was once an intensive and complex process, Qtum’s new developer suite introduces helpful shortcuts and tools to make it faster and easier. […] With a more accessible technology, we hope to open up and expand the Qtum community to include people with a broader range of experience — from experts to the everyday user.
The probable instability in QTUM’s prices:
In addition, the official announcement from Coincheck notified all its platform’s users that there are chances of the price of the crypto (QTUM) to become unstable, soon after the handling begins. The company points at the ‘concentration of transaction’ to be the reason behind this probable instability.