Qurrex - first hybrid cryptocurrency exchange
It’s no secret that cryptocurrency (and blockchain) is one of the hottest topics in 2017–2018. Today, the process of moving money across businesses, customers, governments works through a number of intermediaries and middlemen. In this article, I will discuss one of these projects, which is called Qurrex. You will also find the topics of Qurrex, Qurrex working system, advantage , ICO and Token Sales Process, Why Qurrex? I will try to keep you informed about the Project and review the Qurrex Project in this framework.
What is Qurrex?
The Qurrex team is first hybrid cryptocurrency exchange integrating industrial infrastructure of traditional stock exchanges with decentralized networks. This product is capable to resolve issues arose in today’s centralized and decentralized exchanges in cryptocurrency economy thanks to its’ key functional capabilities. Some of these issues are lack of transparency and unsatisfactory on the side of the users. For now, these issues are not yet being recognized resulting in multiple complaints.The Qurrex platform has a solution to these. The users first time or not in investing to crypto-economy will be provided user-friendly tools in order to have transparent transaction and effective liquidation on their part. Here is the video about Qurrex below:
Qurrex Solution
Qurrex is a crypto-currency exchange platform that promises its clients the highest security, liquidity, transaction speed and also the most comfortable user experience.
Additionally, Qurrex boldly intends to attract "serious" players to the world of crypto-investments: monstrous financial organizations, conservative brokers and so on. In other words this platform will make both new and old investing models merge into something unified.
i) Maximal transparency - to evoke trust Qurrex will make all the participants go through the formalization process of all exchange deals. Annual audit performed by one of the "Big 4" independent companies is an additional plus.
ii) Forefront technologies - speed of approximately 70000 transactions per second will be available for the users. To avoid any technical issues and malfunctions a renowned third party IT security company will provide supervision.
iii) Security - "cold storage" feature will allow to keep the crypto-currency safely offline. Risk-management and insurance for "hot wallets" are also included.
iv) Formalized interaction - users will have to follow certain "deal-making" rules to make the transactions. This is necessary to exclude conflicts and secure 100% predictability.
v) Liquidity - only the most liquid (e.g. high in demand) crypto-currencies will be available in Qurrex. Another way to secure the high liquidity is by attracting those conventional investors who are so far reluctant to join the crypto-market: brokers, HTFs, MMs, large financial institutions etc.
vi) Interface - intuitive, clear, ergonomic and easy-to-master. It includes quick-to-access history of deals, automatic trading algorithms and trading signal auto-copying function.
vi) API - application programming interface is powered by FX/FAST and WebSocket protocols which guarantees high and stable operational speed.
vii) Trading - this feature will comprise knowledge databases, intrinsic messengers and forums. Moreover every participant will have their own marketplace.
viii) Real-life money - the platform allows almost instant fiat money withdrawal.
ix) Licensing - in order to meet the requirements of the Know-Your-Customer and Anti-Money-Laundering standards, Qurrex aspires to obtain European, American and Japanese licenses.
x) Client support - rapid, responsive, round-the-clock. Furthermore it's available in the most widely spoken languages.
xi) According to the Qurrex team's vision, this project will be a hybrid crypto-platform that will combine centralized/decentralized trading elements. Blockchain technology will counter-balance the centralized exchange (CEX).
xii) That will make Qurrex look similar to the respectable and highly-trusted stock exchanges - NASDAQ, TSE, NYSE, Eronext etc.
Advantages of using Qurrex
Because of its hybrid nature Qurrex, as an exchange eco-system, can boast of certain strong sides:
Absence of intermediaries - the system literally "cuts out the middleman" allowing users making deal without an additional fee (except for platform's commission).
Rule of law - all participant will have to strictly abide the rulebook of the platform, neglect of which will cause a permanent ban. It will exclude the possible fraud.
Transparency - Qurrex strives to be as formal as possible through obtaining official licenses, collaboration with the authorities, annual business audit conducted by a Big 4 company and also the regular publication of financial reporting.
Ease of use - Qurrex doesn't want the clients to waste time on mastering a complicated, brain-twisting user-interface. Instead it offers an intuitive GUI. The simplicity, in turn, will attract a wave of new users who have quite an obscure understanding of how crypto-currencies work.
Security - the platform will prevent any data-leakage due to partnership with a pro IT security company. All "hot wallets" can be insured. All users must go through the formalized identification stage.
Speed - 70 000 transactions/sec. is an unprecedented achievement on the crypto-market as of now.
Money - real cash can be withdrawn anytime. Digital coins can be kept in a safe off-line storage.
Roadmap
NOV 2017
QURREX PROTOTYPE
An internal protocol for trade transactions was approved.A scalable, fault-tolerant architecture for a multi-user terminal was designed and built.A prototype of the system’s central link was developed.
FEB-JUN 2018
Token-sale
JUN 2019
QURREX TRADING FUNCTIONAL
Obtaining CSSF license for providing broker services on the cryptocurrency market. Integration with pay systems, a user dashboard, and acceptance of fiat currencies.Marginal trading with cryptocurrency pairs, fiat currencies, and other assets.API connection for placing trade orders and receiving market data. Algorithm trading in the Qurrex web terminal
Analytical services and infographics on the Qurrex portal.
SEP 2019
SOCIAL TRADING SERVICES
Ratings of trade strategies in the Qurrex terminal. Transaction copying service for managing traders. The Qurrex info portal, a base for trading algorithms and embedded scripts. Back-end services for Qurrex’s corporate clients and brokers.
DEC 2019
HYBRID PLATFORM
Opening of representative offices in additional jurisdictions.Registration of Qurrex’s DEX nodes.Integration of the DEX trading segment into the web platform.Incorporation of DEX liquidity into the trade order register of the exchange.
TOKEN - SALE
TOKEN-SALE Token symbol: QRX
Token standard: ERC20
Token type: utility
Total token supply: 70m
Total token for sale: 55m
Total token for pre-sale: 17m
Country of incorporation - Cayman Islands
TEAM AND ADVISOR
MATTHIJS JOHAN LEK
FOUNDER AND CEO
Mathijs Johan has worked in finance for 20 years, including investment banking, brokerage, and business
development.Under his lead there is a team of traders and advisors with wide experience on FX market, development of trading strategies, algorithms, trading robots. Over the recent years, the team has been actively trading on the cryptocurrency market.
Linkedin Link : https://www.linkedin.com/in/matthijs-j-lek-8671822/
SLAVA BAIKALOV
CHIEF OPERATING OFFICER AND CO-FOUNDER
Slava for 10+ years specializes in corporate finance, investment banking, investment analysis, M&A and fundraising. Few years ago he became the crypto-enthusiast and crypto trader.
Linkedin Link : https://www.linkedin.com/in/baykalov-vyacheslav-02819b155/
KONSTANTIN SVIRIDENKO
CHIEF BUSINESS DEVELOPMENT OFFICER, CHAIRMAN OF QURREX’S SUPERVISORY BOARD
Konstantin and his team have a proven track record in development of trading & clearing systems and creation of financial instruments at stock and derivatives exchanges across Eastern Europe(RTS,St. Petersburg Stock Exchange,Investment System Voskhod,Ukrainian Exchange). Qurrex will hire Konstantin as a consultanton creating the platform and building all operational, IT and business processes from scratch.
Linkedin Link : https://www.linkedin.com/in/konstantin-sviridenko-55a032154/
ANDREY SITAEV
CTO
Andrey’s team comprises 17 frontend and backend developers with a remarkable software development background.Andrey and his team focus on .NET framework and have been successfully implementing margin trading algorithms since 2008. Andrey has led development of a Forex analytical / trading platform TradeSharp.
Linkedin Link : https://www.linkedin.com/in/andrey-sitaev-0a6291b9/
DMITRY LAVROV
ASSET MANAGER
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.
Linkedin Link : https://www.linkedin.com/in/dmitriy-lavrov-764937118/
JOSÉ LUIS COIROLO
TRADING SERVIСES ADVISOR
José Luis Coirolo is the Founder and President at Sapient Venture Partners, an advisory services firm with deep domain expertise across multiple layers of the technology stack, from trading applications and platforms, core infrastructure in Market Data Services, Data Management, and Order Execution. Previously, Mr. Coirolo was the Managing Director at NYSE Euronext and InterContinental Exchange responsible for overall Data Management Services (DMS) business strategy and Advisory Services within NYSE Euronext's Global Market Data function. Prior to that, he was the Head of Market Data Services at Caxton Associates LLC and previously with Donaldson, Lufkin & Jenrette.
Linkedin Link : https://www.linkedin.com/in/jose-luis-coirolo-4602057/
STAS OSKIN
BLOCKCHAIN ADVISOR
Stas Oskin leads the technology strategy and partnerships effort for the WINGS Foundation, a Swiss non-profit focused on decentralized finance and governance systems. Stas has over 15 years of extensive experience in engineering, development and management of software, cloud services, healthcare, video streaming, blockchain, and social products and services. Stas describes himself as an entrepreneur, Crypto enthusiast and a Life hacker.
STEPHEN DREW
INVESTORS RELATIONSHIP ADVISOR
20 years’ experience in investment banking, fintech, & real estate. Last 3 years investing and trading crypto currencies. Worked on Wall Street for 10+ years in trading and investment banking. Stephen has raised over $1 billion in financing for his clients, ranging from small to medium size companies. With CGC Stephen oversees the day to day operation of the fund from analyzing investments to speaking with high net worth individuals and family offices. Member Yale Club NYC.
Linkedin Link : https://www.linkedin.com/in/stephen-drew-240a4046/
CONCLUSION
To conclude, Qurrex is a hybrid solution that’ll streamline the entry of institutional investors in the crypto economy—it’s solving one real-world problem by creating a platform which will provide seamless connectivity to the cryptocurrency traders. The stability of stock exchanges can be easily ensured as well. As a result, trades can be executed seamlessly. This will mean that most of the cryptocurrency traders will actually flock to this platform rather than using any other platform. This is an added advantage of this platform.The team is also solid and designing a platform that will help improve cryptocurrency trading. For anyone into trading already, or who is looking to learn from a verified team of experts, Qurrex is a company you are likely going to appreciate and get started with. It’s a long-term project to watch for sure.
Please Visit the link for more information:
• Website: https://qurrex.com/
• Whitepaper: https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view
• Telegram: https://t.me/qurrex_chat
• Facebook: https://www.facebook.com/qurrex/
• Twitter: https://twitter.com/qurrex
My Info :
• Bitcointalk Username: Rayed
• Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1944534
• My ETH Wallet: 0x41Ff03242821147337b04c2a62067Cb4fC9945E7
qurrex is awesome project.nice post
A great project indeed. Thank you brother for supporting Qurrex.
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