QURREX - First High Performance Cryptocurrency Exchanger of the International Trade Platform
But before joining ICO program we must know first what is QURREX project. Qurrex establishes an industry standard in crypto-economy for universal cryptocurrency exchange - which can ultimately be attained only by existing platforms after years of independent effort. This platform will be the first currency exchange cryptocurrency based on the high performance architecture of the leading international trading platform. Instead of responding to market demand "yesterday", it was designed for the future - for an impending growth boom in cryptocurrency trade.
In addition, the project will be an important factor in crypto-economic development, as it not only meets the demands and solves the current user problems of the existing exchange platform, but also creates favorable conditions for the new wave of participants. currently not represented in the crypto world. As a demo model, we have set up a test web version of the trading terminal that will serve as the interface for our exchange system.
The test version can reflect current quotes for key digital currency pairs, provide trade and analytical capabilities, and provide news feeds from multiple sources. Currently, the end of the client service - platform functionality for social and investment trades - is 60% operational. At the back of the exchange system, the concept of CEX and DEX delivery has been developed, and work has begun on a separate part of the system, for a readiness level of about 20%. In early February 2018, an order-matching module will be launched in test mode and presented for external load testing.
Initially, the Qurrex platform was designed exclusively as a centralized cryptocurrency exchange system. The reason for this is related to the team background: having worked for over 10 years on the creation of various exchange systems and brokers and products for traditional markets, we have inadvertently become adherents of this approach. However, research into distributed networks as part of the current project delivery leads us to new approaches and tools to solve many of the problems we have faced over the past few years. Here we are referring, first and foremost, the need to increase the liquidity of separate instruments, as well as to increase client trust in unregulated infrastructure providers.
The result of our investigation is the understanding that, to create an effective exchange system and meet the demands of various circles of users, what is needed is a harmonious harmonization of centralized and decentralized elements.
The main thing that we understand is the fact that, in infrastructure prepared to handle assets, the community potential behind the public blockchain network must be taken into account, because it is precisely this community that is
the basis of the future crypto-economy.
To provide a convenient tool for clients to execute operations and maximize liquidity, we formulate our approach in the following ways:
• Centralized exchange (CEX) will, in the long run, remain the most effective solution in creating maximum liquidity probability in most types of trading instruments;
• At present, only in a centralized infrastructure that makes some of the most effective pre-deposit funds possible (the function of ensuring transaction fulfillment is always done by a central link of infrastructure) and this technology, in our view, will eventually be introduced to the cryptocurrency market;
• Decentralized exchange (DEX) with high capacity remains, unfortunately, an objective that can not be achieved in the medium term, while clients need high quality services now.
With this, we believe that:
• Finally, the obstacles to creating high-capacity DEX will be overcome
• DEX is a natural protection of technical problems that must occur from time to time at the central node of a centralized system;
• DEX is the most understood and most transparent mechanism for reducing risk around the functionality of an infrastructure center connection, even at the expense of other product quality (processing time of operation, for example).
This approach lies at the heart of our system and inspires us to simultaneously create successful, advanced, and effective central projects, and to move forward, heed the call to build and utilize a decentralized system.
See the clarification and detail of the new DEX concept on page 56
Attempts by developers to solve the problem of speed, liquidity, collateral and algorithms for matching trade operations have led to the emergence of a decentralized trading platform dependent on centralized services, which solves the problem of keeping order books, keeping reserves for collateral, matching order entry and choosing technology for collective settlement . Such centralization raises questions to solve the global problem of vulnerable intermediary presence. From our perspective, most of the technical solutions in these projects are basically marketing innovations that aim to secure better product sales.
Main feature
HIGH PERFORMANCE, RESTRICTED AND RELIABLE CURRENT MODULE
- Throughput> = 70,000 trx / second.
- Latency: <= 650μs and 99%
- Capacity> = millions of connections
- No data missing
HIBRID INFRASTRUCTURE
Integration of CEX and DEX with Single Order Book
CEX with high-end performance for algo traders and HFT
DEX with high liquidity from the Single Booking Book
NEXT GENERATION SECURITY LEVELS
- Traditional Exchange System Security Infrastructure
- Safe «cold storage»
- «Hot» wallet insurance program
- Supervision by a recognized IT Security Company
WIDE FUNCTIONS
- The Algo trading function is embedded in the GUI
- Automatic copy trading signals
- Various analytical tools & charts
- Social Trade Segment
- Information Services (Market Resources and Real Time Analysis)
- Non-Trade Segments (Corporate Services, Market Technology, Trade Management Services)
LIQUIDITY
We plan to provide the Qurrex with high liquidity thanks to:
Cooperation with large liquidity providers
The liquidity fund of Qurrex is sufficient
Best practice in launching new instruments
TRANSPARENCY
We will be the first in the cryptomarket to act as a traditional public company
Maximum formalization of all processes (rule book, etc.)
Regular disclosure of financial statements and reports
Annual audit by Big 4
HYBRID EXCHANGE BUYING FUNCTIONS:
the establishment of an aggregate order book based on citations collected from all system nodes (both centralized and decentralized nodes);
distribution of aggregated order books to blockchain nodes;
choice of blockchain node with the best instrument / quotation price to place an order sent by the client (if the order can not be marketed, it is included in the order book of the original system node);
sending orders to selected system nodes (for marketable orders); entry of information on the order into blockchain (for order queue);
confirmation of acceptance of implementation.
BEST LOGICS IMPLEMENTATION:
Each node of the hybrid exchange provides the Best Execution service to the user. Brokerage firms operating in countries with emerging financial markets are required to provide the Best Execution service. In Qurrex this service is implemented by a special module - Smart Order Router, which is part of all blockchain nodes, including centralized nodes (CEX).
There is a special type of trading command: DEX Cross-Chain cross-platform atomic orders (transactions). Cross platform commands are only charged once, when placed in a decentralized node. Orders are included in blocks as DEX transactions, while nodes confirm their commission fees.
Qurrex creates special cryptocurrency (qBTC, qETH). Merchants may redeem this crypto currency via DEX and the transaction will be charged for the transaction itself, not for separate blockchain transactions.
ICO QURREX Detail
Public pre-sale period: 27 February - 27 March
Fixed selling price: 800 QRX = 1 ETH or equivalent in BTC / LTC
Volume min: 15 ETH or equivalent in BTC / LTC
Maximum volume: 17 m QRX
Bonus policy for public pre-sale:
For contributions from 15 to 30 ETH, we will credit 5% additional tokens;
For contributions from 30 to 150 ETH, we will credit 15% additional tokens;
For contributions from 150 to 750 ETH, we will credit 25% additional tokens;
For contributions from 750 and over ETH, we will credit 40% additional tokens.
For each interval, the upper limit is not included.
TOKEN-SALES
- Token Symbol: QRX
- Standard token: ERC20
- Token type: utility
- Total token supply: 70m
- Total tokens on sale: 55m
- Total token for pre-sale: 17m
- Public pre-sale period: 27 February - 27 March
- Sales period: April 02 - April 16th
- State joined - Cayman Islands
Token Sales Structure
- 2001-2014: Legacy Products
- NOV 2017: Prototype Qurrex
- FEB-APR 2018: Sales Token
- JUNE 2019: The functional Qurrex trade
- SEP 2019: Social trading services
- December 2019: Hybrid platform
For More Information:
- WEBSITE: https://qurrex.com/
- WHITEPAPE: https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view
- FACEBOOK: https://www.facebook.com/qurrex/
- TWITTER: https://twitter.com/qurrex
- TELEGRAM: https://t.me/qurrex
Author By: Nanknink boy
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1711766
ETH wallet: 0x0a6df15F096df7EAeC35C1952EeDfD9213Ebb45C
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