Qurrex | ICO REVIEW

riann (46)in #ico • 6 years ago

Today crypto-currency exchange services face numerous issues and problems - mainly those regarding reliability and transparency. So far there's no universal crypto-exchange standard and numerous platforms are fighting for the leading position. There are some requirements though, that a trustable crypto-exchange service should meet:

Availability of marginal trading.
Effortless and quick money transactions.
Maximum security.
Intuitive,easy-to-grasp GUI.
Thoroughly documented exchange process.

Certain crypto-platforms do have some of the above-mentioned characteristics - COTI, Requitix, Poloniex and Blue Whale to name a few.

Nonetheless, currently there's no platform that could encompass all of these features. Qurrex boldly promises to do so.

Why Qurrex ?

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.

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.
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.
Security - "cold storage" feature will allow to keep the crypto-currency safely offline. Risk-management and insurance for "hot wallets" are also included.
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.
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.
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.
API - application programming interface is powered by FX/FAST and WebSocket protocols which guarantees high and stable operational speed.
Trading - this feature will comprise knowledge databases, intrinsic messengers and forums. Moreover every participant will have their own marketplace.
Real-life money - the platform allows almost instant fiat money withdrawal.
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.
Client support - rapid, responsive, round-the-clock. Furthermore it's available in the most widely spoken languages.

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).

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.

According to the project's website daily turnover of Qurrex will estimate 6 billion USD, with the total capitalization of 80 billion USD.

The team

The Qurrex team includes a number of professionals with impressive portfolios:

Matthijs Johan Lek - CEO and author of the project's idea. He has 20 years of work experience in the financial sector (brokerage, investments, bank sector etc.)
Slava Baikalov - Co-founder/Chief-operating officer. He specializes in financial analytics, corporate finances, banking investments etc. He worked in that field for more than 10 years. Currently he's an enthusiastic crypto-trader.
Konstantin Sviridenko - Chief Business Development Officer. He specializes in creating financial and exchange systems and instruments. His primary role in the project is providing guidance and advice on building the actual platform.
Andrey Sitaev - Chief Technology Officer. Andrey has been creating and integrating margin trading algorithms for the past ten years. Previously he has provided his services to the TradeSharp platform.

Advisors for Qurrex include:

José Luis Coirolo - President of Sapient Venture Partners. His previous expertise includes the position of Managing Director at NYSE Euronext.
Stephen Drew - an investment advisor. He's an experienced Wall Street broker and investor, who amassed $1 billion in funding for his various clients.
Stas Oskin - a blockchain advisor. Currently Stas works for the WINGS Foundation - a non-profit organization that researches decentralized finance systems. He's been involved into designing blockchain, video-streaming, cloud storage services etc. for 15 years.
Dmitry Lavrov - asset manager

Partners of the platform: Andromeda Group, KYC Legal, Bancor, WINGS, Coin Genius and others.

Token Sale

Conclusions

In truth, Qurrex is a groundbreaking project that promises a lot of alluring features to the potential investors/users. Its ease of use, security, transparency and, most importantly, transaction speed of 70 000/sec have a chance to attract a "horde" of new crypto-players. First of all some of the conservative investors. Its a great project, good team and vision. I look forward to seeing the platform!