QURREX ICO VERVIEW

in #qurrex8 years ago

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What is Qurrex?
Qurrex aims to be the hybrid crypto exchange. It wants to integrate industrial infrastructure of traditional stock exchanges with a decentralized network.

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Potential Qurrex Customers

What are Qurrex key features?
HIGH-END PERFORMANCE, SCALABLE AND RELIABLE CORE EXCHANGE M­OD­ULE.
Throughput >=70,000 trx/sec.
Latency: <= 650μs at 99%
Capacity >= millions of connections
Zero loss of data

HYBRID INFRASTRUCTURE.
Integration of CEX and DEX with the Single Order Book.

CEX with high-end performance for algo- and HFT-traders
DEX with high liquidity of Single Order Book

NEXT-GEN SECURITY LEVEL.
Security System Infrastructure of Traditional Exchanges
Secure «cold» storage
«Hot» wallets’ insurance programs
Supervision by recognized IT Security Company

BROAD FUNCTIONALITY.
Algo trading functionality embedded in GUI
Auto-copying of trading signals
Wide range of analytics tools & charts
Social Trading Segment
Information Services (Real-Time Market Data Sources and Analytics)
Non-Trading Segment (Corporate Services, Market Technology, Trade Management Services)

LIQUIDITY.
We plan to provide Qurrex with high liquidity thanks to:

Cooperation with major liquidity providers
Qurrex’s sufficient liquidity fund
Best practice in launching new instruments

TRANSPARENCY
We will be the first at cryptomarket acting as traditional public company

Maximum formalization of all processes (rulebook etc.)
Regular disclosure of financial statements and reports
Annual audit by Big 4

Who is Qurrex for? Who are the potential customers?
Below is an initial list of potential customers:

Active clients of crypto-exchanges
Algorithmic and arbitrage traders, HFT
Other crypto exchanges and exchanges that need high liquidity
Classic and FX traders
Institutional and corporate investors, cryptocurrency funds

Qurrex Hybrid Architecture
Qurrex architucture will be built in synergy of:

Blockchain technology - ensures secure storage, eliminates intermediary and provides aggregated liquidity from all network nodes, including the centralized node

Centralized node - centralized exhange (CEX) with performance comparable to modern, cutting edge stock exchanges

Featured functions of the hybrid exchange
formation of an aggregated order book based on quotes collected from all the system’s nodes (both the centralized and decentralized nodes);
dissemination of the aggregated order book to the blockchain nodes;
choice of the blockchain nodes with the best instrument prices/quotes to place the order submitted by a client (if the order is not marketable, it is entered in the order book of the original system node);
sending the order to the selected system node (for marketable order); entry of information on the order into the blockchain (for queuing order);
receipt of execution confirmation.

Qurrex execution logic
Each node of the hybrid exchange provides the Best Execution service to the user. Broker companies operating in countries with a developed financial market are obliged to provide the Best Execution service. In Qurrex this service is implemented by a special module – Smart Order Router, which is part of all the blockchain nodes, incluing the centralized (CEX) node.

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Execution logic

Qurrex DEX blockchain is built of two types of nodes: confirming nodes and user nodes. The DEX protocol allows confirming nodes to charge other nodes a commission for the deals and transactions. The commission is charged in the deals's (transaction's) cryptocurrency.

There is a special kind of trading orders: DEX Cross-Chain cross-platform atomic orders (transactions). Cross-platform orders are charged just once, when being placed on decentralized nodes. Such orders are included in blocks as DEX transactions, while the confirming nodes charge their commission.

Qurrex founds special cryptocurrencies (qBTC, qETH). A trader can exchange these cryptocurrencies through DEX and his trades are to be charged for the deals theirselves, not for separate blockchain transactions.

Qurrex roadmap
2001 - 2014 - Legacy product
Nov 2017 - Qurrex prototype
Feb-Apr 2018 - Token sale
Jun 2019 - Qurrex trading functional
Sep 2019 - Social trading services
Dec 2019 - Launch hybrid platform

Qurrex token sale structure
Token distribution

78.6% Crowdsale
4.3% Bounty fund
6.4% Loyalty program
3.6% Pre ICO Investors
7.1% Team

Crowdsale Funds distribution

13% Team
4% Legal
11.1% Operation costs
10.3% Marketing
29.5% CEX
7.7% DEX
12.9% Liquidity program
11.5% Interface

Qurrex Core Team
MATTHIJS JOHAN LEK (Founder & CEO) - https://www.linkedin.com/in/baykalov-vyacheslav-02819b155/
SLAVA BAIKALOV (Co-founder & head of east european office) - https://www.linkedin.com/in/baykalov-vyacheslav-02819b155/
ANDREY SITAEV (CTO) - https://www.linkedin.com/in/andrey-sitaev-0a6291b9/
ALEXANDER BOBRYSHEV (Product Manager) - https://www.linkedin.com/in/alexbobryshev/
More team members

IVAN SERIKOV (BACK OFFICE ARCHITECT) - https://www.linkedin.com/in/iserikov/
VLADIMIR TSARKOV (IT PROJECT MANAGER) - https://www.linkedin.com/in/vladimir-tsarkov-3a6987158/
KARINE GABRIELYAN (BUSINESS DEVELOPER) - https://www.linkedin.com/in/karine-gabrielyan-2bb9743/
OLEKSANDR DUBYNA (R&D TEAM LEAD) - https://www.linkedin.com/in/struggleendlessly/
KIRILL GOTOVTSEV (CMO) - https://www.linkedin.com/in/kirillgotovtsev
YURY PANOV (HEAD OF MARKETING STRATEGY) - https://www.linkedin.com/in/yurijpanov/
MAKSIM RODIONOV (WEB DEVELOPER) - https://www.linkedin.com/in/maksim-rodionov-a4bb847b/
Site Info:

Website: https://qurrex.com/

BCT: https://bitcointalk.org/index.php?topic=3903980

Twitter: https://twitter.com/qurrex

Fb: https://www.facebook.com/qurrex/

Author Info:

BCT User: adifx

BCT Profile URL: https://bitcointalk.org/index.php?action=profile;u=1502350

ETH : 0x71123E62201060fC3155AF4E4c752AC3659DDECA

https://twitter.com/Soaib_sohag

Telegram url: https://t.me/soaib_hossain_sohag

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