QURREX: The Next Generation Exchange

Introduction

The cryptocurrency market is growing on a daily basis and the number of cryptocurrencies in the market is over 1500. All these coin are traded on one exchange or the other, be it a Centralized Exchange (CEX) or a Decentralized Exchange (DEX). A lot of companies has come up with a CEX or a DEX to meet up with the market demand but no one has tried combining both under the same umbrella.

I present to you QURREX. It is an exchange platform designed for the future.

What is Qurrex

Qurrex is the next generation cryptocurrency exchange that has a hybrid infrastructure which integrates the industrial infrastructure of a decentralized exchange with a traditional stock exchange like NYSE, NASDAQ, LSE etc. The Qurrex platform is not only for traditional cryptocurrency exchange users, but it has been designed to accommodate new players from the stock exchange market who are not presently in the cryptocurrency world.
You will agree with me that the success of any crypto exchange no matter the features it has depends on the level of liquidity. Qurrex aims to increase the confidence of the clients by increasing the degree of liquidity of separate instrument on their platform. To meet this demand of increased liquidity and create and effective exchange platform, there is a need to merge both centralized and decentralized features.

Key features of Qurrex solution

Transparency

The current crop of crypto exchanges doesn’t disclose much to their users. There is a low level of openness towards them as regards issues like what the funds deposited on their exchange are being used for, whether they are being audited or not, if there is a balance between fiat and crypto assets in the system, how much is charged as trading fees on their operations etc.
This situation has led to a low level of trust between the users and the exchange and this has been the bane of old and new exchanges especially the centralized ones.
Qurrex plans to squash this by being open to its users and this will be achieved by;

1. Reporting the exchange activities on a quarterly basis
2. Having one of the big 4 auditing companies carry out an independent audit of the exchange activities.
3. Having an exchange management board and a community representative
4. Giving adequate information to users as regards the state of their account.

Security

The importance of security in any cryptocurrency exchange cannot be overemphasized. Qurrex is devoting a lot of time to make sure they have the most secured exchange in the market. Some of their plans includes;

1. Using the best software and hardware solutions with constant update as more advanced version is released.
2. A secured cold wallet will be used and up to 98% of the funds will be stored in an offline wallet.
3. An audit will be conducted yearly to ascertain the level of security.
4. A DEX will be launched which will be part of Qurrex hybrid exchange.

Liquidity.

Liquidity of the exchange will be boosted by providing access to the trading system to bidders who are currently not fully represented in the crypto market. Bidders like liquidity providers, institutional investors, brokers, arbitrageurs, and algotraders (HFTs)
The company plans to achieve this by;

1. Incentivizing large market operators.
2. Attract arbitrageurs by having a high speed core and protocols and a co-location zone.

ICO funds that exceeds the soft cap will be used to drive liquidity.

Interface

Qurrex web interface will be;

1. An expanded, easy to learn with advanced cryptocurrency functionality.
2. High speed access
3. API availability

Token

The QRX token will be an Ethereum blockchain based (ERC 20) which will be the official token of the Qurrex ecosystem. The functions of the token include;

1. Will serve as discount for paying trading fees
2. An exchange commodity
3. As a means of payment for services and as fees for other currencies.

ICO Details

Token symbol: QRX
Total tokens: 70 million tokens
ICO supply (private & public): 55 million tokens
Price/Conversion rate: 1 QRX = 1 USD
Projected crowd sale date: June 10th to June 30th.

Conclusion

As cryptocurrency grows, the need for a reliable, secured and a trusted exchange is paramount and with the features and idea Qurrex has brought, I think it is what the market needs. The team behind the project is also solid.
For anyone looking for a viable crypto investment, the QRX token will be proof to be a good choice as good exchange token has proved overtime.

To learn more, visit;

Website: https://qurrex.com/
Whitepaper: https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view