QURREX- THE FIRST HYBRID CRYPTOCURRENCY EXCHANGE INTEGRATING INDUSTRIAL INFRASTRUCTURE OF TRADITIONAL STOCK EXCHANGES WITH DECENTRALIZED NETWORK

sergeypyshkin (25)in #bitcoin • 7 years ago

Qurrex is the world's first hybrid crypto-exchange using blockchain technology in conjunction with centralized nodes. The project is being created with an ambitious goal-to solve the problem of limited liquidity on decentralized trading platforms and to provide a speed of operation comparable to traditional stock exchanges.

At the heart of Qurrex is the idea of using the blockchain to record information about all orders sent through both centralized and independent network segments. According to the logic of the developers, this scheme will help sellers and buyers to quickly find the most profitable counter bids.

ABSTRACT
Our team is developing the first multifunctional hybrid cryptocurrency exchange ecosystem by combining a centralized industry platform with a decentralized blockchain protocol in which the centralized exchange will serve as one of the nodes.
We are creating the next-generation Etalon platform, which will win the trust of professional stock exchange players by substantially increasing the market’s liquidity and supplying a new standard set of exchange products. By 2020, these should be at the disposal of all our market colleagues.

The product’s key functional capabilities are as follows:

• A highly secure, high-performance hybrid architecture supported by an independent technical audit
• A broad functionality that satisfies the demands of users of any level
• Maximum transparency for users: an independent audit, publication of financial accounts, maximum formalization of all processes
• Payment gateways for depositing and withdrawing fiat money
• An advanced interface that is highly customizable and comes with an advanced API
• A platform for social trading and investing with its own marketplace
• Fast and responsive multilingual user support operating 24/7.
Thanks to its unique set of features, our project will become one of the leading gateways for the mass entry of professional institutional stock exchange players into he crypto-economy. At the same time, we will providing a high-quality exchange and trading service to current members of the crypto- community who are currently experiencing difficulties with existing solutions.

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.

SECURITY:

Security is particularly important in the financial services sector. The Qurrex project guarantees the safety of each participant's funds.

First, for security reasons, Qurrex will use cold wallets. They will store 98% of the total funds of all participants of the platform. Multisig-wallet technology will give an additional guarantee of safety.

Secondly, the security system itself will be under the control of third-party specialists involved in the project. Reports on annual security audits will be publicly available.

MAIN PRINCIPLES AND TECHNICAL SPECIFICATIONS OF QURREX
• Reliability, scalability, modularity, high accessibility;
• The capability of fast/straightforward integration with the technological solutions of existing financial market players, and with settlement and blockchain systems;
• Functioning of the platform, settlements and clearing in real time;
• Capacity for > 70,000 transactions per second, operation execution speed of < 800 ms;
• Trading interface formats recognized by the financial community.

Trading platform
We are proud to present you the prototype of our trading terminal.
You can try the basic features, including robotrading.
Don’t miss the opportunity to touch the future of cryptotrading.

Advantages

QURREX is much faster
than any existing cryptoexchange

Project Road Map

The development road map of our project includes several phases.
PHASE 0. DEVELOPMENT OF A PRODUCT PROTOTYPE AND HOSTING OF A CROWDSALE
Reference point: November 2016 – February 2018
In November 2016, at our own expense, we began work on the project. By now we have developed a minimally viable version of our trading terminal, which will be the main interface of our exchange system. In the current version, the interface allows for the user to display current quotes of key currency pairs, conclude deals, view news feeds from various sources, and apply technical analysis tools. In the future, we will develop a trading terminal
as a platform for social trading and investing; we estimate it to be 60% complete.
Aside from our work on the trading terminal, we have also developed the core architecture of the exchange system with the integrated ability to execute requests in the CEX and DEX. We’ve also begun work on individual system modules. We estimate the completeness of the exchange system to be at 30%.
In November 2017, a closed pre-ICO was successfully held, during which 17 investors believed in the project, and their investments amounted to 1 million USD.
Before the end of February 2018, the innovative system for holding transactions (matching) will be presented for loading testing.

Token Sale Structure

TOKEN DISTRIBUTION