Qurrex claims to be the first hybrid cryptocurrency exchange, merging the fundamentals of a centralised stock exchange with the ideals of a decentralised market. This hybrid exchange aims to be the best of both worlds, made by professional traders to be used by professional traders.
The aims of this exchange include becoming one of the most secure, institutionally sound, and professional exchanges in the cryptocurrency space. They hope to achieve this by setting the highest standards for performance in areas such as transaction speed, structure in terms of centralised nodes and passive income incentives, and operations by merging the positives of the centralised and decentralised platform and covering their respective weaknesses.
The tokens (QRX) being offered at the ICO will have various functions and utility throughout the ecosystem, making them one of the most valuable tokens to be released on the market yet. With a QRX token, a user has access to discounts on the centralised exchange and can also be used as a payment unit for services being offered by the exchange which will include “cold storage” among others. Besides obviously being an exchange asset that is likely to gain value and can be traded, it will also serve as a unit of payment for creating confirmation nodes for the decentralised exchange. Qurrex also offers the incentive to lease your QRX tokens for an added stream of passive income, the details of which are stated in their website which can either be accessed directly with the link https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view or from their website at https://qurrex.com/where a host of other information and resources can be viewed and any eligible investors can take part in their token offering.
Qurrex is also providing its own marketplace for “social trading”, which is a platform where knowledge and training will be offered to users and traders of various skill levels, and will include a forum chat feature. In addition, the hybrid exchange promises to be capable of enabling algorithmic trading functionality and the centralised node is expected to house the cold storage, settlement systems and fiat gateways for ease of use and peace of mind.
The CEO Matthijs Johan Lek is a Swiss investment trader and analyst as is his co-founder and COO Slava Baikalov from Russia and they both have over 30 years of experience in the trading business between them. Their hope is for the team of developers and advisors they have assembled to build an exchange that meets all the needs of a professional trader. The have made efforts to ensure the project is KYC legal and have already begun establishing partnerships with Bancor Protocol and the like for utilities that should be implemented on their hybrid exchange in the coming months.
The QRX token is a standard ERC20 token with a total supply of 70 million tokens, 55 million of which will be offered publicly for sale at a fixed rate of 500QRX = 1ETH. BTC and LTC are also accepted forms of payment at their equivalent prices and the hard cap of the exchange project according to the team will ultimately depend on the number of QRX tokens sold due to the discounts and referral bonuses currently on offer. In their roadmap, Qurrex promises trading functionality by June of 2019, with the social trading platforms ready for release by September of the same year and the completed hybrid platform running by December of 2019.
Qurrex has some fresh ideas for a new type of exchange that offers the best of both worlds without the burdens that come with either one. The central exchange promises to be the dominant part of the architecture to ensure the best performance with order executions and such, but will still be supported by a decentralised exchange that will add a layer of protection from probable technical issues with the central node that occurs with most current centralised exchanges. At its current price, and with the large success of many exchange tokens, Qurrex comes highly recommended as a project to look into, and by being the pioneers of the hybrid exchange idea, it will be interesting to see how traders utilise its services in the not too distant future.
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