Ever since the emergence of blockchain technology in 2008, there's been a massive appreciation of cryptocurrencies. Due to this, several blockchain companies have since launched different cryptocurrency exchanges to cater to the need of cryptocurrency investors. Currently, there are several centralized exchanges and decentralized exchanges in the cryptocurrency market. Even though this seems more like a great feat for the crypto ecosystem, there are still some major defects with the current exchanges.
The cryptocurrency ecosystem has been witnessing the influx of new participants coupled with an increase in the number of digital assets. However, it has been observed that the key institutional players who are market movers, are yet to fully participate in the cryptocurrency market. The reason for this is not far-fetched; the quality of services provided by most exchanges is below par, there's deficiency of liquidity, interfaces not user-friendly, API integration takes long and they lack the technical capability when compared with traditional exchanges like NASDAQ and NYSE, to attract these institutional investors.
In addition, transparency and security of asset and funds is another major concern for the big players. Over the years, there have been repeated cases of cyber-attacks on existing crypto exchanges, thus carting away with the asset and funds of investors. Despite this recurrence, there's still not a single platform today that guarantees the security of investor's funds and asset.
As it stands, hardly will you find any platform that wholly caters for clients who intends to invest in a variety of cryptocurrencies, partake in ICOs of prospective projects, and also desire sustainable liquidity conditions. This leaves the clients with no choice but to make use of several exchanges.
Having realized the current challenges in the cryptocurrency ecosystem, Qurrex aims to provide a universal platform that will not only address the current challenges but also meet the growing demand of the cryptocurrency market. Qurrex aims to combine the industrial architecture of conventional stocks exchanges with the decentralized network in order to provide the first hybrid cryptocurrency exchange.
This will be the very first of its kind in the cryptocurrency ecosystem, as it will provide participants with a full range of services that are not typically available in other exchanges.
WHAT MAKES QURREX DIFFERENT FROM OTHER EXCHANGES
The Qurrex platform integrates both Centralized nodes and DEX features to provide the hybrid exchange. It will build its foundation by combining the most successful features of centralized exchanges (CEX) and decentralized systems (DEX). The combination of the CEX and DEX will provide a high-end performance for algo- and HFT-traders and high liquidity single order book.
The utilization of the DEX blockchain will help to make sure that assets are duly protected. Also, it will supply the platform with aggregated liquidity from all the network nodes. The DEX blockchain consists of confirming nodes and user nodes, and it allows the confirming nodes to charge other nodes for a commission whenever a user consummates a transaction. On the other hand, the centralized node provides the high-end performance centralized exchange (CEX) of the hybrid exchange.
The Qurrex exchange has been built in such a way that every node on the platform helps to supply the finest execution service to users.
Below are some unique features which distinguish Qurrex from other exchanges.
Transparency: One of the major flaws of the typically centralized exchanges is non-transparency. Participants truly have no idea about the activities of funds such as how it's been managed, where it's been stored, the audit rating of the platform's balance sheet etc. However, Qurrex aims to change this model by making sure that the exchange is audited periodically and the report publicized, processes on the platform are formalized, and users are provided with a comprehensive report with respect to their accounts.
Security: In order to further guarantee the security of assets, Qurrex aims to utilize cold storage wallets as over 95% of the funds will be stored in offline wallets using a fusion of multi-signature and hardware security module protection.
High-end Performance: The Qurrex platform has been built to meet up with the growing demand of the cryptocurrency ecosystem. Due to the rich experience of the team in writing high-load systems used for trading, they are able to provide a high-end performance platform that can process about 70,000 transactions per sec with a very low latency rate (99%).
Liquidity: This is one of the major defects of the typical exchanges in the cryptocurrency ecosystem. Majority of the current exchanges do not provision for liquidity, and this has further limited the entry of the big players, brokers, liquidity providers etc., into the cryptocurrency ecosystem. This is one of the advantages Qurrex has over existing exchanges because it will enable bidders (brokers, liquidity providers, institutional investors, HFTs etc.) have access to the trading system. In addition, Qurrex will further liaise with key liquidity providers to further increase the platform's liquidity.
Social Trading Platform: Majority of the current exchanges are devoid of innovation, as much of what is currently present in the crypto ecosystem is platform duplication. In order to make trading easy and personalized, Qurrex decided to incorporate social trading into its platform. For example, experienced traders can monetize their trading expertise by doling out trading signals. In addition, the social platform also features a training portal, knowledge database, chat messenger, and forum.
APIs: The Qurrex platform prides itself on having a wide range of high-performing protocols (Binary, REST, WS, FIX, FAST) that other existing platforms do not have. This gives Qurrex an edge over its contenders in the cryptocurrency ecosystem.
ADVANTAGES OF QURREX
- User-friendly interface
- No middleman intervention
- Users stand to benefit from a wide range of analytics tools, charts and auto-copying of trading signals
- Smart routing and aggregated order book for easy execution of entries.
TOKEN
The Qurrex token (QRX) will be issued in the form of an ERC20 token. It will function as a multi-utility token that will be used to fuel the Qurrex platform.
Total token Supply: 70 million
Platform: ETH
Current token price: 1 ETH = 320 QRX
The Qurrex public token sale is currently on and will end on the 30th of June, 2018.
CONCLUSION
The Qurrex project has been rated high by top cryptocurrency investors. This can be attributed to solid nature of the project and what it has to deliver. The Qurrex project will undoubtedly be a game changer and is set to disrupt the cryptocurrency ecosystem.
Kindly visit https: https://qurrex.com/ for more information.
Whitepaper: https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view
Twitter: https://twitter.com/qurrex
Telegram: https://t.me/qurrex
Medium: https://medium.com/qurrex
Author's profile link: https://bitcointalk.org/index.php?action=profile;u=1820055;sa=summary