What is Qurrex project?

tinhkhuat (32)in #qurrex • 6 years ago

What is Qurrex project?
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.

Qurrex aims to brings the most professional and secure crypto exchange to the world. The platform is designed to be able to carry out an incredible 3.5 million transactions per second, placing it far ahead of its current rivals in terms of speed and efficiency.

It is described as a hybrid crypto exchange, as it combines the industrial infrastructure of a traditional stock exchange with the advantages of a decentralized network.

The public sale of tokens for this project was delayed from the planned date, and it is now scheduled to take place June 2018.

How does Qurrex work?
The Qurrex ecosystem is a trading platform that’ll perform different functions—it’ll be a centralized node whose effectiveness can be compared with cutting-edge, modern exchanges; it’ll include client functionality that’ll meet the demands of the users of different stock exchanges and even FX brokers; moreover, it’ll be a complete blockchain network that’ll eliminate middlemen, provide enhanced security, and give the users aggregated liquidity coming from different network nodes.

All in all, Qurrex is successfully setting the most rigorous industry standards in the whole crypto-economy landscape. This ecosystem plans to be the first-ever universal crypto exchange that’ll be based on the most high-performance architecture that’s taken from prominent global trading portals.

Additionally, this project will become a key factor in developing the crypto economy as a whole. That’s because the project will not only satisfy the needs of all the existing exchange users but also streamline new participants that aren’t represented in the crypto world.

The company has been created by professionals for professionals. They are looking to share their unique and profound experience of making and running a high-load platform at old-school stock exchanges for years.

There are some key features that are what make 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 latency of 650 us (99%). And there is also regular load testing with participation from the clients.

In terms of social trading, the Qurrex platform trader community has shown to provide effective management of each user’s trading account and is evaluated and verified with rigorous standards. Any trader who include his or her own trading account in the Qurrex ranking system can easily rest assured that they will receive income via the trade signals. There is a private marketplace as well as advanced training portal and knowledge filled database complete with a forum and chat messenger.

The liquidity of the company has been solidified thanks to the contribution and cooperation of major liquidity providers. With Qurrex, there is also said to be a substantial liquidity fund for security. And they only use the best practices to ensure the effective launch of newly developed instruments.

The functionality of the system is also set with algorithm-based trading that is embedded into the GUI. This includes auto-copying of different trading signals for the company. And there is wide range of analytics tools and charts. The high-speed advanced API uses a fixed, fast binary native web socket and REST software.

The company promises total transparency by disclosing in full detail with clients the maximum formalization process or rulebook. There will also be regular disclosure of financial accounts and an annual business audit.

The company will use blockchain technology to ensure secure storage and eliminate the intermediary process that is aggregated from all network nodes, and this includes the centralized node as well. The centralized node or exchange (CEX), works for performance that is comparable to modern day stock exchanges in functionality and speed.

Qurrex's Team
The founder and CEO of the company is Mathhijs Johan LEK. And he has worked in the area of finances for more than twenty years. This includes in the fields of investment banking, brokerage, and business development.

Not only that, but he is leading a superior team of traders and advisors with a wide range of verified education and experience on the FX market. They are specialists in trading strategies, algorithms and trading robots. Over the last few years, the team has been devoting their time to studying and working in the cryptocurrency industry.

Idea & Token
Qurrex is aiming to combine industrial infrastructures of traditional stock exchanges with the first decentralized network to create a hybrid crypto exchange. The team has excessive experience in creating and running high-loaded platforms at traditional stock exchanges. The system is supposed to handle up to 70,000 transactions per second with latency of 650 microseconds at 99%, and it’s regularly tested not only by the team, but by the clients as well.

Each user’s account is effectively managed, the processes are regulated with rigorous standards. Just include your trading account in the Qurrex ranking system and be sure you will receive income via the trade signals. The platform has a private marketplace and an advanced training portal with a knowledge base, forum, and chat messenger.

The team is planning to provide liquidity of the company by cooperation with major liquidity and a sufficient liquidity fund. The functionality of the system includes algorithm-based trading embedded into the GUI, auto-copying of different trading signals, variety of analytics tools and charts. The Qurrex API uses a fixed, fast binary native web socket and REST software. It’s important that the company stands for total transparency by disclosing with clients the maximum formalization processes, financial accounts, and an annual business audit.

The blockchain technology will be used to ensure secure storage, eliminate intermediary and provide aggregated liquidity from all network nodes, including the centralized node (centralized exchenge).

Qurrex’s native ERC-20 token called QRX is a utility token and will be used as a payment unit for any services, for discounts off the exchange fees, and for the rights to create confirmation nodes. The total supply of the token is 70 million, 55 million are for the ICO, including 17 million for pre-sale.