In the blockchain world, it looks like many see creation of their own crypto exchange as a chance to get a grip on “the One Ring to rule them all”. Here we go: Qurrex, another crypto exchange promising to make trading more transparent and secure. This time the ambitious team bets on the hybrid infrastructure of their platform.
The Qurrex team claims that what they are building is the “first of its kind hybrid cryptocurrency exchange”. This solution is supposed to provide higher liquidity, more transparency, stronger security, and more efficient performance.
https://qurrex.com
Key Features
Hybrid infrastructure
Hybrid infrastructure, or hybrid architecture as the Qurrex team names it, is described as a synergy of blockchain and centralized node. Qurrex DEX blockchain ensures secure storage, eliminates intermediary, and provides aggregated liquidity from all network nodes, including the centralized node. Meanwhile, the centralized node acts as a centralized exchange (CEX) with performance comparable to modern, cutting edge stock exchanges.
Highly efficient core exchange module
Qurrex is working on a core exchange module that is expected to feature throughput of 70,000 transactions per second, latency of 650μs at 99%, capacity sufficing for millions of connections, and zero data loss.
Security level inherited from traditional exchange
The security infrastructure of Qurrex is claimed to take after the traditional exchange thus inheriting the respective security level. This implies providing secure cold storage and an insurance program for hot wallets. The system is also designed to be supervised by an IT security company.
High liquidity
Qurrex promises to enable higher liquidity through cooperating with major liquidity providers, their own liquidity fund, and using best practices in launching new instruments.
Rich functionality
Qurrex aims to build a wide range of instruments, tools, and other entities that will help users automate trading and make it more efficient. This includes algo trading functionality embedded in GUI, auto-copying of trading signals, various analytics tools & charts, information services and social trading and non-trading segments.
Financial transparency
As a legal body, Qurrex is planned to be the first crypto business acting as traditional public company. They promise to formalize all processes to the maximum, publish financial statements and reports on a regular basis, and be subject to annual audit by Big 4.
Roadmap
Background
The first record in the Qurrex roadmap is a period between 2001 and 2014. They specify the time until 2013 as a general period of development of the relevant technology. In 2013, the development team behind Qurrex built a trading and analytics platform, TradeSharp. This is when they began testing the technology and improving its features. The Qurrex team rolled out the prototype of the platform in November 2017.
2018
The Qurrex ICO is scheduled to go live on June 10th and close on June 30th.
2019
Qurrex plans to enable trading in June next year. This is expected to be followed by the introduction of social trading services in September and the launch of hybrid platform in December.
Team
According to their website, the Qurrex team is headquartered in Amsterdam Area, Netherlands, while the company is registered in Cayman Islands. The core team is comprised of:
Matthijs Johan Lek, founder and CEO. Matthijs features 20 years of experience in finance. He has managed teams in this field in the Netherlands, Switzerland, and UK.
Slava Baikalov, COO and co-founder. His LinkedIn profile features working in fintech as an advisor, consultant, and director of industry-specific companies since 2008.
Konstantin Sviridenko, Chief Business Development Officer and chairman at the Qurrex supervisory board. According to his LinkedIn profile, Konstantin holds the role of the CEO of an investment company, Voskhod, and a managing position at the Saint Petersburg Stock Exchange. He has been working in finance and software development since 2005.
Andrey Sitaev, CTO. The beginning of his career dates back to 2004 when he joined the first company as a C++ developer. From 2014 through 2017, Andrey worked as an application developer at an online brokerage firm, AMarkets.
Kirill Gotovtsev, CMO. Kirill is claimed to be one of the first digital advertising professionals in Russia. Since 2006 he has been directing the Maniaco advertising agency.
Markel Baykalov, director of corporate development and new projects. Since 2009, he has worked as a lawyer for several companies and organizations which include Krasnaya Polyana, Moscow Exchange, and ТЗ RTS Group.
Yury Panov, Head of Marketing Strategy. Yury’s LinkedIn profile features 13 years of experience in strategy and planning for companies like New Wave Group Russia, BBDO Branding, Secret Sauce, and ContrapuntoBBDO where he still holds the position of strategic planning director.
Karine Gabrielyan, Head of Sales. She has worked for several financial organizations as a business development specialist since 2002. The organizations featured on LinkedIn include RTS Stock Exchange, MICEX-RTS, RTS NP, and Otkrytie Bank and Financial Corporation.
Ismet Khayali, lead developer.
Oleksandr Dubyna, R&D team lead.
Maksim Rodionov, lead developer.
It is also mentioned that the featured team is backed by the development team.
https://qurrex.com
Advisory Board
The advisory and partnership board of Qurrex includes nine experts:
Dmitry Lavrov, asset manager. Dmitry features 10 years of experience in trading with focus on Forex, Commodity, and Cryptocurrency.
José Luis Coirolo, trading serviсes advisor. He is the Founder and President of Sapient Venture Partners, an advisory services firm focusing on fintech. Previously, he acted as Global Head of Data Management Services at New York Stock Exchange and occupied similar managing positions at several companies.
Stas Oskin, blockchain advisor. He is a technology strategist and partnership developer at WINGS Foundation, a Swiss non-profit organization focused on decentralized finance and governance systems. He is claimed to have 15 years of experience in engineering, development and management of software, cloud services, healthcare, video streaming, blockchain, and social products and services.
Stephen Drew, investors relationship advisor. Stephen advises to several ICOs like Auctus and its similars. His LinkedIn profile states that he has been a Managing Director of Greenwich Realty Capital since 2000.
Wilhelm Beller, institutional relationship advisor. He is claimed to have 20 years of experience in finance in various executive positions in London, Frankfurt and Moscow. According to the information on the website, Wilhelm has been heading departments for both equity and derivatives trading for major investment banks including names like Citigroup, Unicredit, and Sberbank CIB.
Alexander Troshin, B2IT financial advisor. His LinkedIn profile features managing positions in software development and digital marketing since 2005.
Darya Petrovskaya, B2IT exchange advisor. According to her LinkedIn profile, Darya has been working in banking software development since 1998.
Brian Konradi, legal advisor. CEO of Incremint.io, a blockchain escrow wallet, and co-founder of a boutique law firm, Danilov & Conradi. He has experience in law since 2003.
Ori Levy, marketing advisor. His experience in PR, SEO, and content marketing is claimed to be 10 year long. Since 2017 Ori has been advising to multiple blockchain projects.
Token Sale Summary
Project name: Qurrex
Token ticker: QRX
Type: ERC20
Website: https://qurrex.com/
Whitepaper: https://goo.gl/ZmucrR
Requirements: KYC
Pre-sale dates: now open for deposits
Public sale starts: June 10th
Public sale ends: June 20th
Minimum cap: 24,000,000 USD
Hard cap: 35,000,000 USD
Total token supply: 70,000,000 QRX
Tokens for sale: 55,000,000 QRX
Conversion rate at pre-sale: 1 ETH = 500 QRX
Conversion rate at public sale: 1 ETH = 400 QRX
Collected to date: N/A
QRX Token Allocation
Use of Proceeds
Following and Media Coverage
The Qurrex website features 12 publications on Huffington Post, Irish Tech News, and several outlets focusing on blockchain and crypto.
The Qurrex Twitter account has 1,841 followers, their Telegram group has 4,698 members (the welcome screen on their website claims that there are more than 5,000, though), and their Facebook page is followed by 2,858 users.
Competition
The Qurrex whitepaper represents the team’s vision of the competitive environment in a comparison chart featuring eleven active blockchain exchanges such as Bittrex, Bithumb, GDAX, etc. In addition, the team explains that they are going to achieve competitive advantage through using best practices, hiring best experts, using best technology, and the team’s extensive experience in finance, banking, and exchange.
Whitepaper and other documents
The Qurrex whitepaper is a 61-page presentation of the team’s vision of business with the project, market analysis, technology, team, roadmap, and risks. The document creates an impression of a deep, insightful research and planning.
Conclusion
In comparison to other attempts to create a revolutionary crypto exchange, Qurrex makes a very positive impression. The team and advisory include specialists in finance with impressive experience in fintech and, more particularly, exchange. Their whitepaper demonstrates their thorough approach inquiring the market, competitive environment, and technology, which not many direct competitors have provided so far. We believe that Qurrex is a project worth keeping a close eye on.
Website: https://qurrex.com/
Whitepaper: https://goo.gl/ZmucrR
Telegram: https://t.me/qurrex_chat
Twitter: https://twitter.com/qurrex
Facebook: https://www.facebook.com/qurrex/
Medium: https://medium.com/qurrex
ANN: https://bitcointalk.org/index.php?topic=2899211.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer:
This review by Bonanza Kreep is all opinion and analysis, not investment advice.