Qurrex development of stock exchange infrastructure, and business development.
hello everyone, here I will explain about Qurrex project development of stock exchange infrastructure, and business development.
What is Qurrex ?
Qurrex, initiated in November 2016, has integrated industrial-grade infrastructure of traditional stock exchanges with a decentralized blockchain network. The team behind Qurrex includes seasoned professionals with expertise in investment banking, stock exchange infrastructure development, and business development. Netherlands-based CEO Matthijs Johan Lek leads it. Matthijs Johan Lek has had over twenty years of experience in finance and investment banking and leading financial institutions. His team includes knowledgeable traders and consultants with significant roles in the cryptocurrency community as well as accomplished architects and experts of traditional stock exchanges from various countries.
Qurrex is designed to meet the dramatic appreciation challenges of cryptocurrency resulting in increased demand from brokers and institutional investors. The platform offers new decentralized solutions to provide high performing and secure trading that will leverage the accumulated knowledge of traditional exchange and blockchain platforms. Although the new trading terminal is currently being prepared for service and undergoing renewal and expansion of its function, the broader public will be able to familiarize itself with the trading terminal and test it in March 2018.
Qurrex’s new generation platform integrates the industrial centralized infrastructure of traditional stock exchanges (CEX*) like NASDAQ, NYSE, LSE with a decentralized blockchain-based exchange (DEX*). The platform will substantially increase the market’s liquidity and set a new standard for crypto-exchange products. Its reliability, security and speed are game changers for the crypto industry and professional traders alike.
Qrx Issue
There are currently a number of projects to set up decentralized cryptocurrency exchanges, some of which have been launched and some are still under development. Initially this can be divided into projects that have a set of token destinations between blockchain, such as Bitshare, Waves DEX, nvo.io or exchange protocols in one network such as EtherDelta, OasisDex, Ox, Bancor and others.
All of these projects are trying to overcome the following challenges:
- Safe deposit of funds or cryptoassets
- Central connection or intermediary vulnerability
- Counter-counter searches are interested in bidding
- Full operational transparency
- Cross exchanges eg Bitcoin for Monero
- Volume of supply or demand with the same requirements for all market participants.
Each project is capable in one way or another to be able to resolve the issues indicated but the new ones appear in their place as follows:
- Speed Issues: The speed of execution operations in various projects may depend on the speed of the blockchain network and at the speed of matching incoming orders or confirmation of agreement by a second party.
- Liquidity Problems: A strong interest in DEX, liquidity in these products is still very low.
- Warranty Issues: If execution is required quickly, participants are required to guarantee assurance of the transaction and as in Bancor and Kyber projects some of the funds are frozen and access is granted to third parties.
- Matching Algorithm Problems: If a direct transaction occurs through a message, significant time is required to complete the transaction. With automated systems, delays occur in the process of reaching consensus on price options.
- Automatic Operation Issues as a link there is no API or protocol for connecting algorithmic systems.
Hybrid architecture
Synergy of :
- Blockchain technology - ensures secure storage, eliminates intermediary and provides aggregated liquidity from all network nodes, including the centralized node.
- Centralized node - centralized exhange (CEX) with performance comparable to modern, cutting edge stock exchanges.
The featured functions of the hybrid exchange :
- Formation of an aggregated order book based on quotes collected from all the system’s nodes (both the centralized and decentralized nodes);
- dissemination of the aggregated order book to the blockchain nodes;
- Choice of the blockchain nodes with the best instrument prices/quotes to place the order submitted by a client (if the order is not marketable, it is entered in the order book of the original system node);
- Sending the order to the selected system node (for marketable order);
- Entry of information on the order into the blockchain (for queuing order);
- Receipt of execution confirmation.
Best Execution Logic :
Each node of the hybrid exchange provides the Best Execution service to the user. Broker companies operating in countries with a developed financial market are obliged to provide the Best Execution service. In Qurrex this service is implemented by a special module Smart Order Router, which is part of all the blockchain nodes, incluing the centralized (CEX) node.
Qurrex DEX blockchain is built of two types of nodes: confirming nodes and user nodes. The DEX protocol allows confirming nodes to charge other nodes a commission for the deals and transactions. The commission is charged in the deals's (transaction's) cryptocurrency.
There is a special kind of trading orders: DEX Cross-Chain cross-platform atomic orders (transactions). Cross-platform orders are charged just once, when being placed on decentralized nodes. Such orders are included in blocks as DEX transactions, while the confirming nodes charge their commission.
Qurrex founds special cryptocurrencies (qBTC, qETH). A trader can exchange these cryptocurrencies through DEX and his trades are to be charged for the deals theirselves, not for separate blockchain transactions.
Qrx Schema
Qrx Software
Software for network operation will include
Master node software that contains :
- Software for network access between nearest network nodes
- Software for the operation of the blockchain network
- Software for choosing the best execution path
Liquidity pool node software that contains :
- Matching of internal pool for storing and sharing customer requests
- Multicurrency wallet for storing the necessary amount of coins and receiving fees
- Order router for sending orders to another network node and receiving external requests
- API - connection protocol for encoding an inner order book
Client node software which contains :
- Trading platform
- Multicurrency wallet
Qrx Networks Members
- Master node is a node that maintains the network by generating blocks and carrying out in-chain transactions. The number of transactions is directly limited by the required network performance and the current level of development of the Qrx network. These nodes do not have their own pool of liquidity and area engaged in servicing the liqiudity pool node and routing client requests.
- Liqiudity pool node is a network node that supplies Qrx network with quotes. Their number is limited only by the current level of development. At its core, each node is a mini exchange with its OrderBook, Matching, OrderRouter, QuoteAPI modules.
- Client node is a software for a mobile phone or a computer interacting with the Qrx network.
Token sale:
QRX is the only official token of the project. The maximum total number of released token is 70.000.000 QRX tokens and no more tokens will be issued. There will be 55 million tokens allocated for sale.
Investors can buy the token in ETH, BTC or LTC
ICO (main crowdsale): will happen until April 30, 2018. The estimated price of the token will be: 1 ETH = 500 QRX Investors can buy the token in ETH, BTC or LTC. More details about all bonuses on different stages catch in their whitepaper.
Conclusion
To sum it up, аs а pаrt of our review, we see strong potentiаl in this ICO. The concept of the project is very useful and potentiаlly very profitаble. The Qurrex exchange has been founded to meet the demand of the dramatic growth of cryptocurrency trading. Qurrex helps to solve the main problems experienced by current users of existing cryptocurrency platforms including but not limited to security, performance, and liquidity issues. Qurrex creates favorable conditions for a new wave of participants (including brokers and institutional investors) in the cryptocurrency world.
The site's design looks good and all of the information are provided transparently and with many details. Going by their strong team and extensive roadmap on the website, Qurrex exchange definitely does not seem like a short term project, it is worth investing both from short аnd long-term perspectives
The sooner you will support the project by buying its tokens, the better price you mаy expect аlong with bonuses. So far, the platform looks promising with all the required areas covered. However, we advise you to invest carefully as there is no 100% guarantee on success. Also, the security market may sound a bit risky for some new investors.
Team
To find out more information, you can visit our site as follows:
- Website : https://qurrex.com/
- Whitepaper : https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view
- Facebook : https://facebook.com/profile.php?id=138158276942774
- Twitter : https://twitter.com/qurrex
- Telegram : https://t.me/Qurrex_bounty_chat
- ANN Thread : https://bitcointalk.org/index.php?topic=2899211.0
By : klvn24
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