Quifas is developing a solution designed to solve the problems of modern cryptoexchanges, creating a new safe and ultra-fast ecosystem for trading. The platform is aimed at eliminating the shortcomings of existing trading cryptoexchange sites and is striving to create an exchange that improves interaction with users and is capable of processing millions of operations per second.
The mission of Quifas is to allow everyone from anywhere in the world to perform safe operations with cryptocurrencies in a few clicks.
Current problems of cryptoexchanges
When getting down to the development process, the creators analyzed and highlighted the current problems of cryptoinstruments, which users have to face:
Poor customer service
One of the main problems is user support. Most problems with withdrawals and deposits are resolved over several days or even weeks.
Poor infrastructure
Every day up to one hundred thousand users are registered on cryptoexchanges and most cryptoinstruments do not cope with system scalability. In December last year, large exchanges Bittrex and Bitfinex had to suspend the registration of new users, as this led to malfunctions.
Safety problems
Frequent attacks on stock exchanges and theft of deposit funds not only bring great losses to traders, investors and cryptoexchange owners, but also negatively affect the state of cryptomarket, thereby undermining the trust of the participants.
Low withdrawal limits
Bittrex demonstrated this problem well - in November many users could not register, and as a result a limit of output was limited to 0.4 BTC.
Verification delays
The process of registering users can be delayed for several weeks. Moreover, requests for technical support are ignored. Some users were tested for 1 to 2 months (according to a Bitcoin Core survey).
Low liquidity
Due to low liquidity, orders with some cryptocurrencies can be executed with a delay, which incurs losses for the trader due to high volatility.
Lack of multilanguage support
Not all users speak English. This limits the opportunities for many traders and investors, and the exchanges themselves lose their potential profit.
What solution does Quifas offer?
- Aiming at the needs of customers - solving problems within 24 hours and support in different languages.
- Increased security - the exchange will be placed in a cloud-safe system and constantly monitored by experts in the field of cybersecurity.
- Fast verification within 24 hours or less.
- Ease of restrictions on the withdrawal limits.
- The exchange is designed with the expectation of scalability of the infrastructure.
- Ultra-fast exchange engine - the ability to conduct 2.5 million transactions per second.
- Cross Platform - Quifas supports full-featured applications for iOS and Android.
- The ability to simultaneously establish stop-loss and take-profits. In addition, after the take-profit achievement, the stop-loss is automatically established, allowing you to maximize profits.
- Integration of the news section for obtaining up-to-date information on the favorite coins.
QFS tokens
The exchange will issue 200 million tokens of ERC 20 standard, supporting Ethereum-wallets. The main advantage of tokens is the absence of commissions when making transactions.
Information about crowdsale
The sale of tokens will take place in two stages:
Presale (9 - 23 March 2018) $ 300 thousand softcap $ 3 Million hardcap
ICO (April 6 - May 7) $ 3 million softcap $ 35 million hardcap
The minimum investment threshold is 0.1 ETH. Bitcoins and ethers are accepted for payment. Also bonuses are provided for early investors (see. White Paper).
For more information, please visit the Quifas project website.