QURREX – The first multifunctional hybrid digital asset exchange ecosystem

semarm3sem (30)in #ico • 6 years ago (edited)

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.

What is QRX Qurrex?

Qurrex is the next generation benchmark platform which will win the trust of professional stock exchange player by substantially increasing the market’s liquidity and supplying a new standard set of exchange product. Qurrex platform is 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. Qurrex will become one of the first universal platforms that will be able to provide the full range of services to the client. By doing so, qurrex will significantly increase the level of customer loyalty.

The Qurrex platform was designed exclusively as a centralized cryptocurrency exchange system. The platform will become the first cryptocurrency exchange based on high-performance architecture from the leading international trading platforms, 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.

The optimal solution to the many problems with the existing cryptocurrency exchange platforms, qurrex turned out to the experience of classic exchange and broker companies, an area in which have great expertise. The characteristics of the Qurrex exchange that were previously absent from cryptocurrency platforms and one of benefit the qurrex project is Reliable operation of the system from the viewpoint of any class of client, Reliability of the exchange, The ability to give clients competitive instruments and services, The capability of increasing the liquidity of the instruments in the future, The possibility for clients to increase their trading activity and reduce the amount of reserved funds, etc.

How Does the Qurrex Work?

The company has been made by professionals for professionals. They are looking to share their unique and deep experiences in creating and running high-loaded platforms on the old school stock exchange for years.

There are some key features that make the Qurrex stand out from the crowd. When it comes to performance, the system can handle as many as 70,000 transactions per second. There is our 650 latency (99%). And there is also regular load testing with the participation of the clients.

In terms of social commerce, the community of Qurrex platform traders has demonstrated to provide effective management of each user's trading account and be evaluated and verified by strict standards. Any trader who enters his own trading account in the Qurrex ranking system can easily be confident that they will receive revenue through a trading signal. There are private markets as well as advanced training portals and databases containing complete knowledge with forums and messenger chat.

The company's liquidity has been compacted thanks to contributions and cooperation from major liquidity providers. With the Qurrex, there is also said to be a large liquidity fund for security. And they only use best practices to ensure the launch of newly developed instruments effectively.

The functionality of this system is also governed by an algorithm-based trading embedded within the GUI. This includes automatic copying of various trading signals for the company. And there are various tools and analysis charts. High-speed advanced APIs using fast binary built-in web sockets and fast and persistent REST software.

The company promises total transparency by revealing in complete detail to the client the maximum formalization process or the rule book. There will also be regular disclosure of annual financial and business audit accounts.

Companies will use blockchain technology to ensure safe storage and eliminate intermediate processes collected from all network nodes, and this includes centralized nodes as well. Centralized Node or Exchange (CEX), works for performance comparable to the modern stock exchange in functionality and speed.

The concept

QURREX is a potential concept with a lot of good selling points such as:

Hybrid infrastructure, integrating centralized and decentralized exchanges.
Payment portal for storing and pulling back fiat cash.
Broad functionality to support the demands of all types of traders.
Maximum straightforwardness by empowering consistent autonomous reviews and distribution of money related records.
Up to 70,000 transactions per second.
Availability of a social trading platform where people can rate trade strategies, use a transaction copying service, and find info on trading algorithms and embedded scripts.
Highly secure & high performance: Qurrex can offer rapid information availability, and quick, high-volume exchanging; in light of the fact that its decentralized trade and blockchain system should not have the intervention of the third party in the trading procedure. The framework is intended to serve experts with engineering that meets monetary industry guidelines.
The interface is highly customizable and comes with an advanced API.

Strategic partnership

Qurrex is in partnership with Andromeda Group. Through this partnership, Qurrex aims to expand and enhance market making, OTC desk operations, listing exchanges, and attract crypto investors. Andromeda Group intends to develop future fundraising strategies, assist with the fundraising process and with business development strategy and commercial partnerships.
Andromeda Group has announced that the total transaction amount of the deal exceeds 5 million US dollars.

Key features of qurrex

High-end performance, scalable and reliable core exchange module
Hybrid infrastructure
Next generation security level
Broad functionality
Liquidty Transparency

The featured functions of the hybrid exchange is formation of an aggregated order book based on quotes collected from all the system’s, dissemination of the aggregated order book to the blockchain nodes, choice of the blockchain nodes with the best instrument prices/quotes to place the order submitted by a client, sending the order to the selected system, entry of information on the order into the blockchain, receipt of execution confirmation.

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.

Who's behind the Qurrex?

The founder and CEO of the company is Mathhijs Johan LEK. And he has worked in finance for over twenty years. This includes investment banking, brokerage and business development.

Not only that, but he leads an excellent team of merchants and advisers with verified education and experience in the FX market. They are specialized in trading strategies, algorithms, and trading robots. Over the past few years, teams have devoted their time to study and work in the cryptocurrency industry.