THE FIRST HYBRID CRYPTO EXCHANGE

@eenk0311

8 min readMar 31, 2018

INTEGRATING INDUSTRIAL INFRASTRUCTURE OF TRADITIONAL STOCK EXCHANGES WITH DECENTRALIZED NETWORK

News & Announcements

Public pre-sale terms:

Period of public pre-sale: 27 February — 27 March
Sale fixed price: 800 QRX = 1 ETH or equivalent in BTC/LTC
Min volume: 15 ETH or equivalent in BTC/LTC
Max volume: 17 m QRX

Bonus policy for public pre-sale:

for contribution from 15 to 30 ETH we will credit 5% additional tokens;
for contribution from 30 to 150 ETH we will credit 15% additional tokens;
for contribution from 150 to 750 ETH we will credit 25% additional tokens;
for contribution from 750 and more ETH we will credit 40% additional tokens.
For each of the intervals the upper limit is not included.
Full terms and conditions

QURREX Integrating Bancor Protocol to Provide Token Liquidity for Crypto Currency Buyers

We are now announcing the integration of the Bancor Protocol to provide continuous liquidity for Qurrex’s Hybrid D(C)EX platform.

Key features

HIGH-END PERFORMANCE, SCALABLE AND RELIABLE CORE EXCHANGE MODULE

Throughput >=70,000 trx/sec.
Latency: <= 650μs at 99%
Capacity >= millions of connections
Zero loss of data

HYBRID INFRASTRUCTURE

Integration of CEX and DEX with the Single Order Book

CEX with high-end performance for algo- and HFT-traders
DEX with high liquidity of Single Order Book

NEXT-GEN SECURITY LEVEL

Security System Infrastructure of Traditional Exchanges
Secure «cold» storage
«Hot» wallets’ insurance programs
Supervision by recognized IT Security Company

BROAD FUNCTIONALITY

Algo trading functionality embedded in GUI
Auto-copying of trading signals
Wide range of analytics tools & charts
Social Trading Segment
Information Services (Real-Time Market Data Sources and Analytics)
Non-Trading Segment (Corporate Services, Market Technology, Trade Management Services)

LIQUIDITY

We plan to provide Qurrex with high liquidity thanks to:

Cooperation with major liquidity providers
Qurrex’s sufficient liquidity fund
Best practice in launching new instruments

TRANSPARENCY

We will be the first at cryptomarket acting as traditional public company

Maximum formalization of all processes (rulebook etc.)
Regular disclosure of financial statements and reports
Annual audit by Big 4

Our customers

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.

Roadmap

2001–2014 : Legacy Product
NOV 2017 : Qurrex prototype
FEB-APR 2018 : Token-sale
JUN 2019 : Qurrex trading functional
SEP 2019 : Social trading services
DEC 2019 : Hybrid platform

TOKEN-SALE

Token symbol: QRX

Token standard: ERC20

Token type: utility

Total token supply: 70m

Total token for sale: 55m

Total token for pre-sale: 17m

Period of public pre-sale: 27 February — 27 March

Period of sale: 02 April — 16 April

Country of incorporation — Cayman Islands

Token Sale Structure

TOKEN DISTRIBUTION

CROWDSALE FUNDS DISTRIBUTION

Team leaders

MATTHIJS JOHAN LEK

FOUNDER AND CEO

Mathijs Johan has worked in finance for 20 years, including investment banking, brokerage, and business development.Under his lead there is a team of traders and advisors with wide experience on FX market, development of trading strategies, algorithms, trading robots. Over the recent years, the team has been actively trading on the cryptocurrency market.

SLAVA BAIKALOV

CHIEF OPERATING OFFICER AND CO-FOUNDER

Slava for 10+ years specializes in corporate finance, investment banking, investment analysis, M&A and fundraising. Few years ago he became the crypto-enthusiast and cryptotrader

KONSTANTIN SVIRIDENKO

CHIEF BUSINESS DEVELOPMENT OFFICER, CHAIRMAN OF QURREX’S SUPERVISORY BOARD

Konstantin and his team have a proven track record in development of trading & clearing systems and creation of financial instruments at stock and derivatives exchanges across Eastern Europe(RTS,St. Petersburg Stock Exchange,Investment System Voskhod,Ukrainian Exchange). Qurrex will hire Konstantin as a consultanton creating the platform and building all operational, IT and business processes from scratch.

ANDREY SITAEV

CTO

Andrey’s team comprises 17 frontend and backend developers with a remarkable software development background.Andrey and his team focus on .NET framework and have been successfully implementing margin trading algorithms since 2008. Andrey has led development of a Forex analytical / trading platform TradeSharp.

Advisors & Partners

DMITRY LAVROV

ASSET MANAGER

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

JOSÉ LUIS COIROLO

TRADING SERVIСES ADVISOR

José Luis Coirolo is the Founder and President at Sapient Venture Partners, an advisory services firm with deep domain expertise across multiple layers of the technology stack, from trading applications and platforms, core infrastructure in Market Data Services, Data Management, and Order Execution. Previously, Mr. Coirolo was the Managing Director at NYSE Euronext and InterContinental Exchange responsible for overall Data Management Services (DMS) business strategy and Advisory Services within NYSE Euronext’s Global Market Data function. Prior to that, he was the Head of Market Data Services at Caxton Associates LLC and previously with Donaldson, Lufkin & Jenrette.

STAS OSKIN

BLOCKCHAIN ADVISOR

Stas Oskin leads the technology strategy and partnerships effort for the WINGS Foundation, a Swiss non-profit focused on decentralized finance and governance systems. Stas has over 15 years of extensive experience in engineering, development and management of software, cloud services, healthcare, video streaming, blockchain, and social products and services. Stas describes himself as an entrepreneur, Crypto enthusiast and a Life hacker

WILHELM BELLER

INSTITUTIONAL RELATIONSHIP ADVISOR

Wilhelm has two decades of experience in finance, holding various executive positions in London, Frankfurt and Moscow. He has been heading departments for both equity and derivatives trading for major investment banks including names like Citigroup, Unicredit, and Sberbank CIB. His geographic trading focus has been emerging economies such as, Middle East, Africa, CEE countries and previously Western Europe. Since leaving the investment banking world has he gotten very actively involved in crypto currency markets, running managed accounts and providing ICO advisory to clients and corporations.

Telegram Chat : https://t.me/qurrex_chat

Telegram Channel : https://t.me/qurrex

Twitter : https://twitter.com/qurrex

Facebook : https://www.facebook.com/qurrex/

Line : https://line.me/ti/p/e51CxCM1wQ

Bitcointalk : https://bitcointalk.org/index.php?topic=2899211

Medium : https://medium.com/qurrex

YouTube : https://www.youtube.com/channel/UCYAsSGdCEHA96fUJWWGDL5g

Github : https://github.com/Qurrex

Kakaotalk : https://open.kakao.com/o/gIAoozJ

Korean Telegram Chat : https://t.me/qurrex_chat_kr

By Bitcointal User Name : Alfagih