Qurrex the first hybrid crypto exchange
INTRODUCTION
The crypto market has exponentially grown over the years and crypto economy is expanding because of the evolution of crypto exchanges, yet a significant number of crypto exchanges are still centralized in nature leaving the traders many factors to consider when choosing crypto exchange, factors ranging from security, transparency and liquidity, the liquidity of any crypto exchange mostly depends on its ability to do marginal trading, transfer money, and provide a friendly GUI. A lot of niche products has been introduced into the crypto market to addressed a specific need. Still, no end-to-end robust solution that has surfaced to solve the crypto market challenges head-on. This creates the need for QURREX, as they have an interesting idea of creating a decentralized network on the base of existing traditional exchanges, a hybrid solution that will streamline the entry of institutional investors in the crypto economy. Qurrex aims to brings the most professional and secure crypto exchange to the world
WHY QURREX; professionally experienced team arm at combining industrial infrastructures of traditional stock exchanges with the advantages of decentralized network to create a hybrid crypto exchange
The system is supposed to handle up to 70,000 transactions per second with latency of 650 microseconds at 99%, placing it far ahead of its current competitors in terms of speed and efficiency. with regular load testing not only by the team but with participation from the clients as well
According to the team idea, the project proposed to cover the interests of a wide range of people and provide B2B and B2C financial services, offering private marketplace and an advanced training portal with a knowledge base, forum, and chat messenger.
The team ultimate arm is to develop and implement a hybrid exchange platform which meets all current market needs and will solve all problems related to the protection of confidential data, liquidity and efficiency of work.
The solutions
Liquidity;
For stimulating investment and attracting capital, this ecosystem will be providing impressive high liquidity, due to comprehensive cooperation with leading liquidity providers, the best part is that a major portion of the platform’s liquidity will be achieved by the adequate fund present within the ecosystem. The development team will follow best practices when it comes to rolling out fresh investment tools for gaining additional liquidity.
High-performance API;
This feature includes algorithm-based trading embedded into the GUI, enabling investors to automatically copy trading signals. The platform will provide a huge number of different analytical tools, allowing the user to get a complete picture of the market at the time of the transaction
Transaction speed;
The project will implement Web Socket, as well as RESTful, for the high-speed data transfer of the embedded API. According to the founders, it will help support ultra-high-speed trading operations on the platform.
The blockchain technology will be used to ensure secure storage, eliminate intermediary and provide aggregated liquidity from all network nodes, including the centralized node.
In addition to the technical development, the founders promise to implement the most transparent exchange platform in the crypto market, based on their document an, independent audit report will be prepared annually by one of the Big4 companies and financial disclosures will be published.
The Qurrex token (QRX)
Qurrex token is an ethereum complaint called QRX, is a utility token and will be used as a payment unit for any services within the platform, ranges from discounts off the exchange fees, and for the rights to create confirmation nodes. The total supply of the token is 70 million, 55 million are for the ICO, including 17 million for pre-sale.
ROADMAP
•NOV 2017
QURREX PROTOTYPE
An internal protocol for trade transactions was approved.A scalable, fault-tolerant architecture for a multi-user terminal was designed and built.
A prototype of the system’s central link was developed.
•FEB-APR 2018
Token-sale
Token symbol: QRXToken standard: ERC20
Token type: utility
Total token supply: 70m
Total token for sale: 55m
Total token for pre-sale: 17m
Country of incorporation - Cayman Islands
•JUN 2019
QURREX TRADING FUNCTIONAL
Obtaining CSSF license for providing broker services on the cryptocurrency marketIntegration with pay systems, a user dashboard, and acceptance of fiat currencies.
Marginal trading with cryptocurrency pairs, fiat currencies, and other assets
API connection for placing trade orders and receiving market data
Algorithm trading in the Qurrex web terminal
Analytical services and infographics on the Qurrex portal
•SEP 2019
Social trading services
Ratings of trade strategies in the Qurrex terminalTransaction copying service for managing traders
The Qurrex info portal, a base for trading algorithms and embedded scripts
Back-end services for Qurrex’s corporate clients and brokers
•DES 2019;
Hybrid platform
Opening of representative offices in additional jurisdictionsRegistration of Qurrex’s DEX nodes
Integration of the DEX trading segment into the web platform
Incorporation of DEX liquidity into the trade order register of the exchange
The founder and CEO of the company is Mathhijs Johan LEK. And he has worked in the area of finances for more than twenty years. This includes in the fields of investment banking, brokerage, and business development.
For further enquires please visit;
Website: https://qurrex.com/
Twitter: https://twitter.com/qurrex
Comments
Post a Comment