QURREX: THE UNIQUE HYBRID EXCHANGE

thaddaeus (41)in #blockchain • 6 years ago

Since the invention of cryptocurrency exchange, it has only been dealt with on a Centralized Exchange Platform.
A Centralized Exchange is an online platform and most common way to trade cryptocurrencies. This includes buying/selling cryptocurrencies with fiat (fiat/crypto paring) as well as buying/selling cryptocurrencies with other cryptocurrencies (crypto/crypto pairing). They can be viewed as an online marketplace for the entire cryptocurrency network. To be Centralized simply means to trust somebody else to handle your money therefore for a cryptocurrency exchange to be centralized it requires a trusted middleman to handle whatever asset maybe in a trade. In a bank, for example, a customer gives their money over to the bank to hold for them. This one institution is now in complete control of the customer’s money. In many cases, this is much safer than a person finding some way to manage themselves. Banks have many securities and a team to watch over their customers’ money. The bank can also offer a variety of services, such as loans, because the bank has a large amount of money and has created a trust relationship with the customer.

At first, this centralized exchange platform seemed to be working well but as time went on and more advanced cutting-edge technologies came into view, users of this platform started to experience some issues.
The emanating issues were;
. Not meeting up with the demands of users.
. Low security performance.
. Slow multilingual user support service, and in a fast world today "slow" is really not cool.
Now, this is where QURREX comes into view....

          WHAT IS QURREX

QURREX is a first of a kind type of compound (Hybrid) cryptocurrency exchange incorporating industrial infrastructure of common stock exchanges with Decentralized network.

  WHAT IS A DECENTRALIZED NETWORK?

In simple terms, a Decentralized cryptocurrency exchange (DEX) cuts out the middleman by creating a highly intelligent “trustless environment.” Deals are made through smart contracts and atomic swaps so that currency never passes through the hands of an escrow service, it’s just peer-to-peer.

 WHAT DOES QURREX DO?

Decentralization describes the design of a network that isn’t managed by a central party. Instead, peer-to-peer interaction drives the network, as no third party is needed. The cryptoexchange platform is a centralized mess, and decentralization may be the answer, and that is why the QURREX Team created the first multipurpose compound (Hybrid) cryptocurrency exchange by merging the centralized platform with a decentralized blockchain policy. With the invention of this type of compound exchange (Centralized and Decentralized) it will bring about a huge positive difference in the cryptocurrency exchange environs as the issues seen in the centralized platform were dissolved by the merging of the two platforms.

ECOSYSTEM

This project will be a relevant component of the crytpo-economy as it not only meets the demand and solves the issues of users of old exchange platforms but also conceives good requirements for a new wave of users who are not yet into the crypto world.

QURREX ECOSYSTEM

The Qurrex multipurpose crypto-exchange platform holds lots of great potentials, some of which are;
. It meets up with the demand of users
. Due to it been a blockchain network, it dissolves the issue of security and votes off middlemen.
. It provides it's users with total liquidity from all networks including the centralized platform.
. It has within it a centralized node which can be compared in it's performance to current, cutting-edge/common technologies and exchanges.

. Qurrex is much faster than any existing crytpoexchange platform.

    THE QURREX TOKEN (QRX)

This is an Ethereum based token designed by Team Qurrex to function both on the Centralized and Decentralized platforms.

    FEATURES OF QRX TOKEN

. This token can be used on the Centralized exchange by a user to pay services and as fees with other currencies.
. A customer can use it for paying commission changes amassed for organizing trade.
. It features as a crypto-exchange commodity.
. The QRX token will increase liquidity and the trade volume of the Qurrex ecosystem.

 TOKEN INFORMATION.

Token Standard: Erc20 based
Token Name: Qurrex
Token Symbol: QRX
Token Total Supply: 70 000 000
Total Tokens Available For ICO: 55 000 000

TOKEN DISTRIBUTION CHART

CROWDSALE FUNDS DISTRIBUTION CHART

The QRX token presale is over but the ICO is ongoing, so endeavour to participate. Don't miss out on this wonderful opportunity of joining to create something bigger.