QURREX || THE FIRST HYBRID CRYPTO EXCHANGE (ICO)

M` Agus Hayyudin

5 min readMay 10, 2018

Qurrex’s project is developing the world’s first multifunctional hybrid cryptocurrency exchange ecosystem by combining a centralized industry platform with a decentralized network use blockchain protocol, in which centrally exchange will serve as one of the nodes.

The team is creating next-gen etalon platforms and operating high-load systems at traditional stock exchanges, gained for many years, which can be trusted by stock exchange users by substantially increasing market liquidity and supplying a set of new standards of exchange products.

In this era in a growing crypto-economy, the paradoxical situation has grown more rapidly. on the other hand, total central exchange hegemony has been established, using minimal basic client functions and services — positions only strengthened by trading volume and cryptocurrency capitalization.
At the same time, institutional players in financial markets backed by hundreds of millions of clients and have large amounts of funds, find it hard to trust the cryptocurrency trade market due to lack of industry standards and transparency. Vulnerability and backwardness of their trading platform technology become a big problem, other things like infrastructure compared to classically managed exchange systems.

Qurrex implementations are aimed at a wider set of users, from investors, the big brokers and institutional investors, and yes qurrex is created by professionals for professionals.

Centralized nodes, their effectiveness is comparable to modern, cutting-edge traditional exchanges.
Within the Qurrex trader community, effective management of one’s own trading account is verified by rigid evaluations. A trader who includes his/her trading account in the Qurrex rating can count on income from the trade signals.
70.000 transactions per sec. Latency: 650μs (99%) Regular load testing with the participation of clients.
Algo trading functionality embedded in GUI, auto-copying of trading signals, and wide range of analytics tools & charts.
Client functionality that meets the demands of users of leading exchange and FX brokers
Blockchain network, which one side solves the problem of storage and eliminating intermediaries, while the other hand provides users with the aggregate liquidity of all network nodes, including centralized platforms

In fact, qurrex will set the crypto-economic industry standard for a universal currency exchange cryptocurrency.

Key features

Qurrex customers

Hybrid architecture

Each node of hybrid exchange will provide the best execution service to the user. in Qurrex this service is implemented by a special module-smart order router, which is part of all blockchain nodes and centralized nodes.

Qurrex DEX blockchain consists of two types of nodes; confirming nodes and user nodes. The dex protocol allows confirming nodes to fill other nodes as a commission for deals and transactions.

Qurrex creates a special cryptocurrency BTC and ETH, which traders can redeem through DEX and their trades are not for separate blockchain transactions.

Token Sale Structure

Token Distribution

CROWDSALE FUNDS DISTRIBUTION

The Qurrex Token

USING THE TOKEN ON THE CENTRALIZED EXCHANGE

Discount each person to pay the fees charged to arrange the trades;
As an intermediary to pay for services and expenses with other currencies;
a quoted exchange commodity, crypto token.

USING THE TOKEN ON THE DECENTRALIZED EXCHANGE

By creating a DEX, Qurrex seeks to improve security, comfort, enhance competitiveness, liquidity pools and trade. At the same time, Qurrex decides not to use the token as a utility, to avoid some systemic problems, such as;

Excessive inflation growth;
Limit the number of users or demand in the deposit model;
Decrease the availability and usefulness of services, caused by deteriorating DEX consumer properties;
a conflict of interest of DEX subjects: Confirmation Nodes tend to increase the size of the commission, while User Nodes reduce it.

Token name: Qurrex

Symbol: QRX

Pre ICO Price: 800 QRX = 1 ETH

BONUS

Pre-Sale bonus: 15 ETH — 5% additional tokens 30 ETH — 15% additional tokens 150 ETH — 25% additional tokens 750 ETH — 40% additional tokens

Tokens for sale: 55,000,000

Platform: Ethereum (erc20)

Accepting: ETH

Minimum investment: 15 ETH for Pre-Sale

Country: Cayman Islands

Whitelist/KYC: KYC & Whitelist

Restricted areas: USA, North Korea, Cuba, Iran, Syria

QURREX Roadmap

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.
In November 2017, pre-ICO was successfully held, of which 17 investors believed in the Qurrex, and their investment of 1 million USD.
Before the end of February 2018, there will be a transaction or matching to be presented to include innovation-based testing systems.

PHASE 1. TESTING AND LAUNCH OF ORGANIZED TRADES ON THE CEX.
Reference pont: 1st half of 2019

Qurrex office will operate in the full EU and will receive a license for the payment system to conduct activities in the EU
Clients will easily gain access to classic stock market services, such as collocation and connections to high-performance protocols.
precisely at the end of the second half of this year after connecting the client, qurrex will conduct public testing, intends to provide the transfers with access to test sites and publish technical documentation about the high-speed protocol.

PHASE 2. EXPANSION OF THE FUNCTIONALITY OF THE EXCHANGE CORE AND THE DEVELOPMENT OF THE PLATFORM FOR SOCIAL TRADING AND LAUNCH OF A DECENTRALIZED NETWORK.
Reference point: 2nd half of 2019.

Perform stress testing on a decentralized trading platform as well as network integration tests with a central trading system.
After the launch of commercial operations, any customer connected to the hybrid exchange platform will be able to access aggregate liquidity of all network nodes as well as the liquidity provided by the centralized exchange.