Topic: 🔥🌟🔥【ANN】【ICO】【PRE-SALE】 🚀 QURREX 🚀| THE FIRST HYBRID CRYPTO EXCHANGE🔥🌟🔥 - page 75. (Read 28956 times)

1. Idea

- NEX want to create DEX, which will be able to reach the level of existing successful CEX solutions in terms of service quality and performance.

- Qurrex want to creation of the world’s first in-demand decentralized exchange with turnover exceeding 1 billion USD a day. Qurrex would economically encourage the liquidity providers to participate in the organization of trading by means of providing the liquidity and act as Exchange.

2. Architecture

NEX
- Decentralized exchange: Off-chain matching engine + trade execution smart contract + payment service where global assets such as NEO and GAS can be converted to tokens that can be transfered directly by smart contracts, making them compatible with the exchange.
- Principle of operation: orders are signed and sent from user addresses to the matching engine, where they are processed. Once the order is matched off-chain, the engine will call the smart contract to execute the order. Matched orders are signed off-chain and committed back to user accounts on the blockchain.
- To ensure trust, NEX provides a public record of orders, so that users can verify orders matched off-chain and claim an award in the event of incorrect behavior.
- Complex orders and cross-chain trading.

Qurrex
- Decentralized exchange based on decentralized ledger protocol with own matching engine, SOR, order book, local routing, API where centralized exchange is one of the liquidity node in decentralized exchange.
- Principle of CEX operation: orders go through one of API to Risk-Engine for verifying after send to smart order router for choose CEX engine execution or DEX node. Information about orders send to clearing, posttrade and market data systems.
- Principle of DEX operation: trade orders are registered and verified in master node, after go to liquidity pool nodes (one of which is operated by CEX) where its matched by local matching engine.
- In blockchain published only executed orders.
- Clearing is carried out either in the parent network (ETH, BTC etc).
- Centralized and decentralized exchanges can operate autonomously.
- Complex orders and cross-chain trading.
- Any cryptoexchange can own a decentralized liquidity node of the Qurrex DEX.

3. Type of token

NEX – Security
Qurrex – Utility

4. API

NEX
- No information provided.

Qurrex
- mBinary
- FIX/FAST
- WebSocket
- REST

5. Performance

NEX
- No information provided.

Qurrex
- 10 000-15 000 transactions per sec

6. Business model

NEX
- Clients: retail.
- Fiat custody: banking partnerships for the first fiat gates in DEX.
- License – Organized Trading Facility license.
- KYC, AML – No information provided.

Qurrex
- Clients: institutional, brokers, other exchanges, retail.
- Fiat custody in DEX through Qurrex CEX or owners of liquidity node pool (brokers other institutional players)
- License – yes.
- KYC, AML: necessarily for all users.

Product:

Qurrex - centralized and decentralized crypto exchange for institutional clients + trading terminal for the retail market. (B2B, B2C). Crypto currency.

TZERO is a trading terminal for retail clients trading in SECURITIES, including crypti securities (B2C). For understanding, there are almost no security tokens in market. (Less then 1%)

Market:
Qurrex - the whole world
TZERO - only the USA

Technologies:
Qurrex - own unique
TZERO - buy licensed software. There are no competitive advantages.

Token:
Qurrex - utility
TZERO - security

Why blockchain:
Qurrex - creation of a decentralized exchange consisting of 10000+ mini exchanges for professionals
TZERO - easy maintenance of the transaction register of exexuted deal in centralized system (not practical/needble)

Architecture:
Qurrex - centralized exchange and decentralized exchange
TZERO - centralized trading platform

It's controvercial question, maybe in future we will discuss it ))

And what else do you know about hybrid crypto exchanges?

Great project for all the crypto enthusiasts out there… However, I don't think it's THE first hybrid exchange… Is it? I've been off the crypto wagon for a while now, my memory doesn't serve me right sometimes

a lot of exchange lack of coins on their list

the true ,more coin you add then more people will come.let see at the supermarket for example
people will be lazy to come if the item only a little or incomplete

if there are coins that less enthusiasts and must be removed,let the time to tell

Thanks.  Qurrex is the best exchange 

- High-End Performance, Scalable and Reliable Core Exchange Module. We will be the first at cryptomarket using the proven solutions of classic exchanges: throughput >=70,000 trx/sec., latency <= 650µs at 99%, capacity - millions of connections, zero loss of data. As a verification of our qualification, we have developed an industrial design matching module, throughput of which is 4.5-5 million transactions per second.
- Broad Functionality. We are NOT going to develop one more usual cryptocurrency exchange that will offer just trading services. E.g. NASDAQ gets only 24% of their total revenue from trading services, 76% - corporate services, market technology, market data and info services, trade management services and informational services.
- Platform with auto-copying of trading signals and algo-trading with its own marketplace that will cover retail users.
-  Hybrid Infrastructure. We are going to integrate Centralized Exchange (CEX) and Decentralized Exchange (DEX) that will have Aggregated Order Book. Such solution will help to solve main problems of all current decentralized exchanges – lack of liquidity.
- Fully Transparent. We will be the first at cryptomarket acting as traditional public company (maximum formalization of all processes, regular disclosure of financial statements and reports, annual audit by Big4).

What are benefits of Qurrex, if we compare it with NASDAQ, NYSE?

I just believe this project will stand out among it competitors, because of the team and advisors in it.

Hybid exchange

Conclusion

To sum it up, as a part of our review, we see strong potential in this ICO. The concept of the project is very useful and potentially very profitable. 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 and long-term perspectives

The sooner you will support the project by buying its tokens, the better price you may expect along 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.

Full review can read here: https://ico-review-daily.quora.com/QURREX-The-first-multifunctional-hybrid-digital-asset-exchange-ecosystem

Author: Tram Nguyen 

To learn our smart contract you can follow the link on GitHb

https://github.com/Qurrex/smart_contracts

Upcoming public QRX token sale makes us feel that it is crucial to sum up all the info about it in one place. The story is long, but definitely worth reading

Qurrex is the first hybrid cryptocurrency exchange that combines three trading systems:

• Professional centralized cryptocurrency exchange;
• Unique decentralized cryptocurrency exchange for liquidity providers, consisting of thousands of mini-exchanges;
• New generation trading terminal.

Team of developers who have successfully created top exchange systems, declares the project mission as follows:

- integration of Qurrex platform into the existing traditional market exchange trading ecosystem, in order to provide access to cryptocurrency markets for over 200 million users and 20 thousand professional players;

- creation of the World’s first in-demand decentralized exchange with turnover exceeding 10 billion USD a day;

- solving of all modern days crypto trading “teething troubles” and provision of unique social, automation, and robotic trading tools for the retail market.

Essential part of Qurrex ecosystem — own token QRX — has a series of functions which ensure high market price and high competitive demand for a long time and from a wide range of buyers. Here is the QRX token economy design considered in various examples.

QRX VALUE FOR THE PROFESSIONAL CENTRALIZED EXCHANGE

Discount or cash-back. 20% of the exchange income from trade commission fees will be distributed among the whole pool of QRX tokens as a discount/cash-back. This possibility will be useful for the active QRX exchange users who wish to cut their exchange-related expenses. This is an example of the distribution.

Say, the commission income of the exchange is $100, $20 of which will be evenly distributed among 100 tokens. That means that a holder of one token is entitled to a 20 cents discount/cash-back. But what is the full-scale direct and relative economic effect for the ecosystem players?

Let’s take a deeper look.

Exchange. 20% of the exchange commission fees is approximately 50% of net profit, which is a significant part of the company’s business. According to Bloomberg, exchange commission of the World’s top-10 cryptocurrency exchanges ranges from $400 thousand to $3 million a day. Which is approximately $150 million to $1 billion a year respectively.


We must take into account here that the estimation has been done based on the current cryptomarket parameters, while Qurrex targets the professional market, which capabilities and volume are much bigger compared to those of non-professional.

More information you can find in the article   https://medium.com/qurrex/token-potential-of-the-first-professional-crypto-exchange-qurrex-2cc8ceb408e2

Can you write to me on your question

Please write the messages in the thread bounty  https://bitcointalksearch.org/topic/annbounty-ico-qurrex-the-first-hybrid-crypto-exchange-3185579

thanks

Thanks for your feedback

Qurrex, the hybrid crypto exchange eventually opened its main matching module for testing. Currently it can handle more then 2 million transactions per second. Later with additional configurations it will reach the bandwith of more than 3,5 million transactions per second with acceptable latency.

Users will get an access to some additional resources soon:

• Manual with information how to connect to this module;
• Load test procedure technical paper;
• Interface for the users who don’t have their own resources;
• 2 libraries for connections and testing.
• Further testing plans information.

All operations statistics are available here — qurrex.statuspage.io. It includes bandwidth and latency information as well as other technical data about users trading operations

If you want to take part in testing and to create your own instrument for main matching module connection, you are welcome!

https://medium.com/qurrex/qurrex-main-matching-module-is-available-for-testing-e2897091c426

we will meet your expectations ))

All the activity that you vditye is organic growth, without cheating and spam