QURREX - THE FIRST HYBRID CRYPTO EXCHANGE

anov996 (28)in #ico • 6 years ago

The first hybrid crypto exchange integrating industrial infrastructure of traditional stock exchanges with decentralized network. Created by professionals for professionals. We would like to share with you our significant experience of creating and operating high-load systems at traditional stock exchanges, gained for many years.

The Qurrex team is developing the world's first multifunctional hybrid cryptocurrency exchange ecosystem project by combining a centralized industry platform with a decentralized blockchain protocol, in which centrally exchange will serve as one of the nodes

They are creating next-gen etalon platforms, which can be trusted by stock exchange users by substantially increasing market liquidity and supplying a set of new standards of exchange products.

The product’s key functional capabilities are as follows:

KEY FEATURE

PERFORMANCE
70.000 transactions per sec.
Latency: 650μs (99%)
Regular load testing with participation of clients.

SOCIAL TRADING
Within the Qurrex trader community, effective management of one’s own trading account is verified by rigid evaluations. A trader who includes his/her trading account in the Qurrex rating can count on income from the trade signals.

Own marketplace
Training portal & knowledge database
Forum & chat messenger.

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.

FUNCTIONALITY
Algo trading functionality embedded in GUI
Auto-copying of trading signals
Wide range of analytics tools & charts.

HIGH-SPEED API
Binary (native) and FIX/FAST
WebSocket and REST.

TRANSPARENCY
For the first time on the cryptocurrency market, the Qurrex exchange discloses information fully and in detail, providing clients with:

Max. formalization of all processes (rulebook etc.)
Regular disclosure of financial accounts
Annual business audit

Qurrex customers

Hybrid architecture

Each node of hybrid exchange will provide the best execution service to the user. in Qurrex this service is implemented by a special module-smart order router, which is part of all blockchain nodes and centralized nodes.

Qurrex DEX blockchain consists of two types of nodes; confirming nodes and user nodes. The dex protocol allows confirming nodes to fill other nodes as a commission for deals and transactions.

Qurrex creates a special cryptocurrency qBTC and qETH, which traders can redeem through DEX and their trades are not for separate blockchain transactions.

Qurrex solutions are aimed at a wider set of users, from investors, the big brokers and institutional investors.

INTRODUCTION

Today, in a growing crypto-economy, the paradoxical situation has grown more rapidly. on the other hand, total central exchange hegemony has been established, using minimal basic client functions and services - positions only strengthened by trading volume and cryptocurrency capitalization.
At the same time, institutional players in financial markets backed by hundreds of millions of clients and have large amounts of funds, find it hard to trust the cryptocurrency trade market due to lack of industry standards and transparency.
Vulnerability and backwardness of their trading platform technology become a big problem, other things like infrastructure compared to classically managed exchange systems.

Qurrex ecosystem

Centralized nodes, their effectiveness is comparable to a modern, cutting-edge traditional exchanges.
Client functionality that meets the demands of users of leading exchange and FX brokers
Blockchain network, which one side solves the problem of storage and eliminating intermediaries, while the other hand provides users with the aggregate liquidity of all network nodes, including centralized platforms

In fact, qurrex will set the crypto-economic industry standard for a universal currency exchange cryptocurrency.

The Qurrex Token

USING THE TOKEN ON THE CENTRALIZED EXCHANGE

Discount each person to pay the fees charged to arrange the trades;
As an intermediary to pay for services and expenses with other currencies;
a quoted exchange commodity, cryptotoken.

USING THE TOKEN ON THE DECENTRALIZED EXCHANGE

By creating a DEX, Qurrex seeks to improve security, comfort, enhance competitiveness, liquidity pools and trade. At the same time, Qurrex decides not to use the token as a utility, to avoid some systemic problems, such as;

Excessive inflation growth;

Limit the number of users or demand in the deposit model;
Decrease the availability and usefulness of services, caused by deteriorating DEX consumer properties;
a conflict of interest of DEX subjects: Confirmation Nodes tend to increase the size of the commission, while User Nodes reduce it.

Token Sale Structure

Token Distribution
CROWDSALE FUNDS DISTRIBUTION
QURREX Roadmap

PHASE 0. DEVELOPMENT OF A PRODUCT PROTOTYPE AND HOSTING OF A CROWDSALE
Reference point: November 2016 – February 2018

In November 2016, at our own expense, we began work on the project.
In November 2017, pre-ICO was successfully held, of which 17 investors believed in the Qurrex, and their investment of 1 million USD.
Before the end of February 2018, there will be a transaction or matching to be presented to include innovation-based testing systems.

PHASE 1. TESTING AND LAUNCH OF ORGANIZED TRADES ON THE CEX.
Reference pont: 1st half of 2019

Qurrex office will operate in the full EU and will receive a license for the payment system to conduct activities in the EU
Clients will easily gain access to classic stock market services, such as collocation and connections to high-performance protocols.
precisely at the end of the second half of this year after connecting the client, qurrex will conduct public testing, intends to provide the transfers with access to test sites and publish technical documentation about the high-speed protocol.

PHASE 2. EXPANSION OF THE FUNCTIONALITY OF THE EXCHANGE CORE AND THE DEVELOPMENT OF THE PLATFORM FOR SOCIAL TRADING AND LAUNCH OF A DECENTRALIZED NETWORK.
Reference point: 2nd half of 2019.

Perform stress testing on a decentralized trading platform as well as network integration tests with a central trading system.
After the launch of commercial operations, any customer connected to the hybrid exchange platform will be able to access aggregate liquidity of all network nodes as well as the liquidity provided by the centralized exchange.

QURREX TEAM