Qenetex team to create cutting-edge technologies and services that can be used in the real world
Introduction
It is the mission of the Qenetex team to create cutting-edge technologies and services that can be used in the real world. By using decentralization and global blockchains, we want to create a link between digital assets and the rest of the economy. Independent of political shifts or conservative economic paradigms, our goal is to safeguard and sustain free trade between individuals. Users should be able to access their assets at any time, from anywhere in the globe, so they can make their own choices about how to manage their assets.
We made the decision to work on non-custodial technology because of these principles. A non-custodial platform for bitcoin asset management is the first thing we're working on here at io. Allowing users to govern their cash on their own without any intervention, it is based on decentralization technology.
User money are meant to be linked to different crypto services via the Qenetex platform. Users don't have to transfer between several platforms to manage their Qenetex wallet money and use a number of aggregated services that are all available via a single interface. Inexperienced consumers will find it much easier to explore the world of cryptocurrency with such an approach. Inexperienced people might use it to streamline and grow their operations.
Features
- Security, non-custodial storing, sending/receiving functionalities, statistics and analytics built-in and HD-approach [1] to dealing with keys and addresses are all necessities for crypto asset administration.
- With our revolutionary and intelligent Exchange Search Engine (ESE), which searches for the best exchange rates across aggregated exchanges and liquidity providers, you may buy and sell cryptocurrencies while establishing exchange routes that go via many providers and decentralized exchanges alike.
- One platform for managing assets on many crypto exchanges, all from the same spot. Deposit and withdrawal of cryptocurrencies, traditional limit orders, stop-loss and take-profit orders, margin trading, and monitoring of activity on several exchanges are all included in this service's capability.
- Taking part in the liquidity pools of the platform's decentralized exchanges.
- DeFi services that may be accessed using the platform.
- In a single interface of the Qenetex platform, users may buy and sell things across aggregated NFT-marketplaces, even those on separate networks.
- In the early phases of a project's development, the Qenetex Launchpool service provides customers with access to farms.
It was necessary for the Qenetex team to create an internal utility token called Qenetex in order to manage their business model, as well as enable users to connect with platform-internal goods and take part in different Qenetex programs. The Binance Smart Chain technology [2] was used to build QEX, a full-fledged crypto asset.
It is used to facilitate the distribution of commissions and rewards for customers engaging in transaction processes in all Qenetex services.
The QEX Pool, the engine of the Qenetex ecosystem, is at the heart of the token distribution and circulation concept. The whole ecosystem is working in unison to build and sustain this pool. The development of the ecosystem and the activity and expansion of the community ensures that QEX's inherent organic relevance is maintained, guaranteeing a stable and sustainable model of pool operation.
This pool is refilled by :
- The buyback of tokens accumulated from constant inflow of commissions from users' operations;
- Circulation of tokens within the Qenetex ecosystem (resupply is done by sending commissions and internal payments for platform's services to the pool)
- Tax payments from users without a loyalty level (see "Token Usage Tax" section).
There are a variety of uses for the Qenetex token (QEX) on the Qenetex platform. There are a number of different types of situations that fall under this umbrella.
- Fees and payments on the platform
- Reward Program for Purchases
- Customer Reward Program
- Programs for the Production of Agriculture
- A Token Usage Tax - A Limit on Airdrops
- Pool
- Providing for Liquidity
- Participation in decision-making and the electoral process
An active user is required for each of these categories. Several Qenetex services are linked, which helps keep tokens moving both inside and outside of the network constantly.
You may get your pool up and running with the help of Qenetex's gasless pool providers program. There is a need for participating providers to transfer any quantity of BNB to the pool, which may dispose of them at its discretion. At any moment, users may seek to withdraw their cash.
Reserving cash for withdrawal, on the other hand, may need more time.
In exchange for supplying the pool with BNB, providers are rewarded with cash. BNB placed by a user is multiplied by the total BNB deposits made by all participants in the program.
The QEX charge is a component of the transactions that generate the cashback. Additional collection of the Qenetex token is feasible in circumstances when this charge is not given, when calculating the amount of QEX needed to pay the network commission.
If you don't need it, you don't have to. The Qenetex gasless system is an alternative. Using the Binance Smart Chain network's internal currency, they'll have to pay for gas (BNB). When using QEX, this option may be found under the advanced settings.
The Exchange Search Engine (ESE), a proprietary Qenetex creation, serves as the backbone of the exchange service. Using DEXes and central exchanges as search aggregators is how it does its job. A chain of exchanges across many providers may be necessary for ESE to identify the best lucrative path.
The ESE system uses a variety of sources to keep tabs on currency fluctuations. Using the obtained data, ESE creates a set of possible exchange routes and then recommends the best option to the user in each situation studied. Even more importantly, Qenetex handles all of its own processes and simply requires the user to confirm transactions.
Due to the fact that the Qenetex Wallet enables users to upload their own own tokens, the ESE system gains even more appeal. Even uncommon coins may be exchanged for any other token or currency by users. As long as there isn't a direct pool for your chosen pair (for whatever reason, such as novelty of the token), the algorithm will figure out what swaps you need to make.
There are no extra costs for utilizing the Qenetex ESE. However, the largest value will accrue to QEX holders and frequent users of this service.
In the exchange search engine, the Qenetex token is used as a cashback mechanism. A user's cashback is determined for all route activities, whether via centralized exchanges and decentralized exchanges (DEXes). As a result of advantageous exchange rates, some of the cashback may be saved by using it in future exchanges. The "Cashback Model" whitepaper's fourth part contains further information on how the cashback system works.
Cryptocurrency trading for fiat money is an area of growth that Qenetex intends to focus on. In order to do this, our team has developed a system that brings together buy/sell suppliers from all around the globe.
For this reason, Qenetex aims at providing consumers with the widest possible selection of service providers, including both well-known worldwide brands and more modestly-sized regional ones. The team carefully selects each new service provider that joins the system. After security, we place a high value on the quality of the end-user experience. To make the most of each transaction, Qenetex selects the most lucrative buy/sell offers from the pre-selected suppliers.
Except for sanctioned nations where cryptocurrencies are illegal, Qenetex intends to operate globally. Depending on the country's political or legal situation, certain fiat program services may be inaccessible. Visit the "Legal" area of qenetex.com for further information on current Qenetex legal papers.
Users will be paid with QEX when they utilize the Cashback Program to purchase or sell cryptocurrencies for fiat dollars. In the fourth part of the whitepaper "Cashback Model," users may learn more about how the cashback system works.
Website: https://www.qenetex.com/
Telegram: https://t.me/Qenetex
Facebook: https://www.facebook.com/Qenetex
Twitter: https://twitter.com/qenetex
Instagram: https://www.instagram.com/qenetex
Youtube: https://m.youtube.com/channel/UCl6pPa4KCqGxi8UZ6r1SMQQ/about
Reddit: https://www.reddit.com/u/QenetexWallet
Linkedin: https://www.linkedin.com/company/qenetex/
Medium: https://medium.com/@qenetex
White Paper: https://www.qenetex.com/token
Forum username: AF_Nill
Qenetex Wallet: 0x5ADa48f0C36357e47D6cf1154a7AB11dAd8dEA66