Qurrex A New Standard For Cryptocurrency Trading

ICO or Initial Coin Offering lately more incessant progress. a lot of developers are using this method to raise funds for the sake of developing their projects. The funds collected can reach millions of US dollars.

They collect funds from their Project by selling their ICO Coins, exchanged with Ethereum coin or Bitcoin in a very different ratio.

And if you want to buy Coin from their Project you must have Ethereum / Bitcoin balance and must have ID or Passport.

Today there are so many Investors from around the world who invest their money into a Project that they think Project is very good and useful for now and in the future.

Well on this occasion the Markas Coin IND will give you information on the Qurrex ICO Project.

Projects and Team of Projects ICO Qurrex are very great. And after I'm the analysis of this Project is very useful in the Future. I have also invested in this project.

If you want to find out about the Qurrex project. You can search for them by reading their whitepapers, roadmaps, and websites. And if you want to ask you can join their Telegram Group.

Okay before you visit the official site or read their whitepaper, it would be nice if you read a little article Markas Coin IND about the Qurrex Project. Let's talk about Qurrex Project together.

INTRODUCTION

Today, in the expanding crypto-economy, a paradoxical situation has developed. On the one hand, a total hegemony of the centralized exchanges has been established, with minimal basic client functionality and service – a position only strengthened by the growth in the volume of cryptocurrency trade and capitalization. On the other hand, the “teething troubles” of the centralized platforms, and the successful running of ICO projects linked to cryptocurrency trading, have led to consistent demands by the community for both an improvement in the quality of service of the centralized model of trading platforms and for the creation of effective decentralized cryptocurrency systems.

When an average customer chooses from cryptocurrency markets he pays attention to security and transparrency, but first and foremost, to liquidity. The liquidity is not a virtue in itself. The liquidity depends on the ability of marginal trading, transferring fiat money, providing friendly GUI.

There are a number of niche products on crypto market. Each of these projects does well in addressing one or two specific concerns. Still there is no universal solution to all the cryptocurrency market challenges.

These projects boast striking serviceability in one area or another. Such platforms, as a rule rarely possess the characteristics they boast, and have primitive key indicators, such as KPI, unsuitable for the “mature” markets.

At the same time, institutional players on the financial market, backed by hundreds of millions of clients and funds amounting into the trillions of dollars, understandably lack faith in the cryptocurrency trading market due to its lack of industry standards and transparency, its vulnerabilities, as well as the technological backwardness of trading platforms and their infrastructure when compared with the classic, regulated exchange systems.

The cryptomarket will reach the next stage of maturity only by adopting institutional traders.

In November 2016, a group of like-minded people began work on the first hybrid cryptocurrency exchange with an innovative platform for social trading and investing.

This group brought together experts with many years of experience in working on the currency markets, developers of trade terminals allowing both manual and automatic trading, and founders of successfully operating stock and futures exchanges – all of whom saw the significant potential in applying the best practices and industry standards of the traditional sector to realizing projects in the cryptocurrency sphere

Qurrex ecosystem

The Qurrex multifunctional trading platform is a hybrid system that consists of:

• a centralized node, which is comparable in its effectiveness to modern, cutting edge traditional exchanges;

• client functionality that meets the demands of users of leading exchange and FX brokers;

• a blockchain network which, on the one hand resolves problems of secure storage and eliminates middlemen, and, on the other, provides the user with aggregated liquidity from all network nodes, including the centralized platform.

In reality, Qurrex is setting the industry standard in the crypto-economy for a universal cryptocurrency exchange – one which existing platforms will eventually achieve only after years of independent effort.

The platform will become the first cryptocurrency exchange based on high-performance architecture from the leading international trading platforms. Rather than respond to the market demand of “yesterday”, it is designed for the future – for the coming growth explosion in cryptocurrency trading.

Moreover, the project will become an important factor in the development of the crypto-economy, as it not only satisfies the demands and solves the problems of current users of existing exchange platforms, but also creates favorable conditions for a new wave of participants, those not currently represented in the crypto world.

As a demo-model, we’ve prepared a test web version of the trade terminal which will serve as the interface for our exchange system.

The test version is able to reflect current quotations for key cryptocurrency pairs, provides trading and analytical capabilities, and supplies a newsfeed from various sources.

At present, the client end of the service – the platform’s functionality for social trading and investment – is 60% operational. At the back end of the exchange system, the concept of delivering the CEX and DEX has been developed, and work has begun on separate sections of the system, for a readiness level of around 20%.

By the start of February 2018, the order-matching module will be launched in test mode and presented for external load testing

ROADMAP

  TERMS AND DEFINITIONS 

· Latency, Roundtrip Latency : waiting time, the time taken by the system to process  a request, usually calculated as the time elapsed from the moment the request is registered at the gateway until the moment information about the said request being processed is issued. 

· Capacity : the number of transactions that can be processed by the trading system module/node or the whole trading system in units of time, usually per second (tps - transactions per second). 

· Digital asset : a cryptocurrency, token, or coin of the blockchain network. HFT (High-Frequency Trading): a form of algorithmic trading on the financial markets characterized by minimal time for position holding (over fractions of a second) taken by up-to-date equipment and special algorithms. This abbreviation also refers to a trader using such trading strategies(High-Frequency Trader).  

· DVP (Delivery Versus Payment): an order of settlements that implies the presence of a sold/alienable asset (whether cryptocurrency or fiat) with the client when requesting a purchase or sale. After successful verification of the asset’s availability, the application may be submitted (if the required asset is absent, the application will be rejected). After this transaction occurs, simultaneous settlements between the parties take place.  

· CEX: the centralized exchange  

· DEX: the decentralized exchange Fiat.  

· Fiat Currency: traditional cash or non-cash money of centralized issue and recognized by the global community.  

The Qurrex Token

USING THE TOKEN ON THE CENTRALIZED EXCHANGE

The functions of the token on the centralized exchange are as follows:

• an individual discount for paying commission fees accrued for organizing trades;

• a medium for paying for services and fees with other currencies;

• a quoted exchange commodity, cryptotoken.

A medium for paying for services and fees. The cost of the platform’s services and fees will be denominated in the established coin of account (USD, euros, or another national currency). The owner of the token can pay for any of the exchange’s services or fees at the highest of the two values of the Qurrex token: the current exchange or determinate nominal value.

A quoted exchange commodity, cryptocurrency. The Qurrex token will be traded on the exchange No restrictions are imposed on its circulation outside the exchange, and individuals and companies can use it as a cryptocurrency as well as Bitcoin or Ethereum for the purposes of settlement, savings, etc. We will provide margin trading on funds lent by other bidders. A trading section will be organized on the Qurrex exchange, which will allow authorized users of the exchange to borrow and transfer Qurrex tokens for temporary use for market-established remuneration in the most liquid crypto and fiat currencies.

The system will limit the use of a transmitted token by the host party to realization of the accrued value discount for the reporting period. The code will also automatically clear the payment/fee accrual and consume the object of the transaction at the termination time.

The function of exchanging commodities with the ability of margin trading will generate speculative demand for the Qurrex token, and the ability to instantly convert to highly liquid currencies will create demand for the tokens as a cryptocurrency for a wide range of consumers

SECURITY  

The exponential expansion of the cryptocurrency sphere and the rise in demand for services in converting fiat currencies into cryptoassets has aided the development of centralized exchanges. As a result, members of the blockchain community have started to transfer control over ownership of decentralized currency to centralized exchanges. For ease of access to the conversion functionality 9 QURREX WHITE PAPER and speculative trading, many have begun using exchanges to store their fiat and cryptocurrency funds.   

The spread and popularization of using centralized exchanges has opened a “window of opportunity” for unscrupulous behavior not only by operators on the exchanges but also from external criminals for whom the exchanges have become a kind of magnet. Unscrupulous activities on the exchanges have led to cumulative losses to the cryptocommunity in the amount of 980,000 bitcoins – more than $5 billion, at current market evaluation. The theft of users’ money has been observed on virtually every one of the currency exchanges. Thus, people with crypto assets on the exchanges are suffering from one of the very problems that Satoshi Nakamoto tried to resolve by inventing the Bitcoin.    

The security issue has given rise to the need to develop decentralized exchanges which, in the long run, may replace centralized exchanges and become the main trading and currency exchanging infrastructure for the cryptocurrency market. Until then, centralized exchanges will have to investigate newer ways of defending themselves against the inventiveness of criminals, something which will remain one of the fundamental and critically important aspects of their operation and, at the same time, one of the competitive advantages of our product, which effectively solves the issues of protecting client funds and maintaining confidentiality.  

Okay, you can visit their WEBSITE and WHITEPAPER to get more information. And for those of you who have Social Media, you can visit their social media on FACEBOOK and TWITTER. And for those of you who want to ask something about this Project, you can join their TELEGRAM Group, Thank you.

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