Qurrex first hybrid crypto currency exchange

Qurrex — the world's first hybrid crypto currency exchange that uses a blockchain technology in conjunction with the centralized node. The project is created with an ambitious goal — to solve the problem of limited liquidity in the decentralized market and to provide speed comparable to the traditional exchanges of shares. Based Qurrex is the idea of using the blockchain to record information about all orders that are sent via both centralized and through an independent network segments. According to the logic of the developers, this scheme will help buyers and sellers to quickly find the best counter orders.

Problems of traditional cryptocurrency exchanges Disadvantages of existing platforms for cryptocurrency trading has long been actively discussed in the community. The theme has not lost its relevance since the beginning of 2014, when the largest at the moment the crypto currency exchange MT.Gox declared bankruptcy after numerous hacker attacks and disappeared, along with tens of thousands of customer deposits. In 2017, the exchange btc-e having issues with the actions of the FBI investigation of laundering money using bitcoins. Within a few weeks, the charity was able to resume work on the new servers, but some custom tools have been irretrievably lost.

The decentralized crypto currency exchange is in theory free from such problems. Numerous nodes that support the operation of the network are operated separately from each other and record all transactions in the blockchain, which ensures high protection from any attacks. However, such exchanges are faced with two serious problems:

• high delay in confirmation of transactions (sometimes measured in seconds);
• low liquidity.

The developers Qurrex believe that the concept of a hybrid device of the trading platform is able to solve these problems.

The principle of operation of crypto currency exchange Qurrex

Based on the work Qurrex is a scheme in which the network is almost equal, there are two types of nodes: Central nodes and independent nodes.
According to the Whitepaper project, through the centralized node (CEX) is a part of the requests sent through the platform Qurrex. CEX is a so-called liquidity pool and reduce the load change in the network. As independent nodes, these nodes send information to the blockchain and actually work on the common law. In addition, centralized nodes are used for deposits and undertake the provision of additional features which are not related to trade.
Decentralized node (DEX) are independent pools of liquidity. They exchange with each other information from their books of requests and find the most attractive options for executing trades.
All information about trades is written to the blockchain. The developers claim that the throughput of hybrid crypto currency exchange will be 70 thousand transactions per second with a maximum delay of 650 µs. The platform can simultaneously support several million connections without performance degradation. Such characteristics place the platform on a par with NASDAQ, NYSE and other major exchanges, but keep in mind that while these numbers are only theoretical.
With trade assets, even after the independent nodes is not decentralized in the full sense of the word. Instead of real assets used in token replacement. A similar scheme is already used in the system of BitShares, where, for example, instead of the US dollar is used scriptactive bitUSD.

Opportunities Qurrex

The creators of the platform Qurrex lay in her rather wide functionality. In plans of developers — creating a complete ecosystem covering all aspects of cryptocurrencies:

• insurance of deposits held in the domestic wallets of users;
• algorithmic trading; graphical interface with extensive possibilities of technical analysis;
• private marketplace; social platform for capturadora; balance of Fiat money;
• round the clock technical support; API for third party developers.

To ensure sufficient liquidity, Qurrex plans to cooperate with other trading platforms, institutional investors and brokers. As a result, the exchange will be convenient not only for private traders but to big financial companies.

Road map

• February — April 2018. Krausel.
• The June 2019. The license Commission for the supervision of the financial sector of Luxembourg. Integration with payment systems, start trading platform on the basis of centralized nodes.
• The September 2019. The added features of copying other people's transactions and other elements of the social platform.
• Through December 2019. The beginning of the creation of decentralized nodes, opening of representative offices in other countries. The developers emphasize that the large time gap between krautsalat and run the project involves high technical complexity of the platform.
• According to them, the development of such large-scale decisions will require at least 12 months.

Team

The Company Qurrex Ltd. registered in the Cayman Islands. The strong side of the project — team consisting of 14 people with different competences, covering all aspects of the launch and promotion of such projects. Get acquainted with the profiles of the key members of a startup.

Matthijs Johan Lek — founder and CEO. More than 20 years working in the financial sector. Knows the inside working of brokerage companies, investment funds and algorithmic trading services.

Slava Baikalov operating officer and co-founder. Over 10 years of experience in the financial sector. The main areas of activity — investment and fundraising for startups.

Evgeny Shirokonosov is a leading developer. Participated in the creation of high-loaded systems, worked on anti-virus software "Kaspersky Lab". Fluent in C++.NET and Java.

Vladimir Tsarkov — project Manager, manages the process of development. Experience — more than 15 years. Participated in the creation of high-loaded systems for IBM, HP, Hitachi, Fujitsu, NEC, and several major mobile operators (AT&T, Orange and others).

Yury Panov, head of the marketing Department. In the industry since 2007. Developed effective strategy of promotion for companies such as PepsiCo, IKEA and VTB Bank.

For each team member on the website are the link to the LinkedIn profile.

Details ICO
To obtain funds for the development and promotion of the project team Qurrex holds krausel. Selling tokens will be held in 2 stages:

• Pre-ICO: February 27 — March 27, 2018.
• ICO: April 2 — April 16.

Tokens QRX created on the Ethereum platform standard ERC20.

They will later be used for payment of commissions on the hybrid exchange Qurrex.

The total issue will amount to 70 million QRX, which will be distributed as follows:

• 78,6% — sales in the course of the ICO;
• 7,1% — on payments to the team of creators and developers;
• 6,4% financing loyalty programmes (bonuses for the promotion of the project beyond the bounty-campaign);
• 4.3% — the bounty;
• 3,6% — sales during the Pre-ICO.

The cost of the token is fixed at 1 ETH 800 QRX (or 0,00125 ETH 1 QRX). Bonus up to 15% can get users, told about the project Qurrex in social networks and fill in the relevant form in Google Docs. Activities, which provided for the accrual of bonuses presented in the table. It is important that the total amount of bonuses may not exceed 15%.

The distribution of income from the ICO:

• 29,5% — development of a centralized platform.
• 13.0% of the team.
• 12,9% — maintain the liquidity after the launch of the exchange.
• 11,5% user interface design.
• 11,1% — operating expenses.
• 10.3% of the marketing.
• 7,7% — development of decentralized parts (DEX).
• 4.0% were legal expenses.

All information about the project you can find here:

Official website: https://qurrex.com/
Bitcointalk: https://bitcointalk.org/index.php?topic=2899211
Twitter: https://twitter.com/qurrex
Facebook: https://www.facebook.com/qurrex/
Telegram: https://t.me/qurrex_chat
Whitepaper: https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view