QURREX: THE MOST SECURE HYBRID EXCHANGE

INTRODUCTION

Ever since the inception of blockchain technology, there was a need for a cryptocurrency market, a market where different types of cryptocurrencies will be bought and sold. Later on it was known as a market for not only trading crytocurrency but for exchange cryptocurrency as well and the name exchange came into been. What then is a cryptocurrency exhange?

A Cryptocurrency exchanges are platform usually on the web, where cryptocurrencies can be traded (bought and sold) or exchanged for other cryptocurrency and in return receive commisions for service rendered by charging the market makers (bids/ask) transaction fees for matching them. Usually traders exchange one cryptocurrency for another cryptocurrency, but in some cases cryptocurrencies are exchanged for traditional fiat currencies such as changing bitcoin to US dollars or the Euro.

Cryptocurrency exchange also supports the use of fancy trading tools and crypto trading analysis for traders to utilize during the course of their trading on the exchange. Over time cryptocurrency exchange evolved and you get to experience more seamless crypto exchange environment, secured and transparent using DEX. These takes us to the two major types of cryptocurrency exchange in existence, they are the Centralised Exchange (CEX) and the Decentralised Exchange (DEX)

CENTRALISED EXCHANGE
A centralized exhange (CEX) is an exchange built with a centralised nodes, where trading of cryptocurrencies is handled by the exchange itself. It is a website of remarkable performance comparable to other similar exchange e.g the stock exchange.

PROBLEM OF CEX
No doubt a centralised exchange boast of cutting edge perfomance with advance features, advance tools, liquidity and a user friendly platform. With so many pros comes the challenges, cons and disadvantages, they include;

Security: CEX most times are faced with hacking attempts, server downtime, insufficient level of security that could lead to theft of personal data and loss of funds.
Transparency: CEX are incharge of all the funds deposited by traders and these traders most often at times are not aware of the charges placed on them thereby resulting lack of formal transparency.
Anonymousity: CEX are centralised in nature this gives them the right to request for documentation from traders in order to utilise some of their features

DECENTRALISED EXCHANGE

A decentralized exchange is an online web exchange or market that is not governed by a centralised system, it does not depend on the services of the exchange to hold the traders funds. In a decentralised exchange trades are between two parties (market makers and takers) and it done through peer to peer connection. So how does it work? It works with the use of proxy tokens(stands for fiat or cryptocurrency) or a multi-signature system and technologies not yet in existence but still in it development stage.

CHALLENGES OF A DECENTRALISED SYSTEM (DEX)
A decentralise exchange has numerous advantages over the centralised sytem but with its advantages comes challenges and disadvatages, they include;

Low Liquidity: Even with the advantages of DEX over CEX, liquidity is still very low and this is due to the inconvenience involved in trading on decentralized exchanges.
Time Lag and Delay: With DEX there is always the lags experienced during transactions, delay and speed of executing a transaction depends on the browser compactibilty to the site, speed of the blockchain network and ongoing transactions
Matching Algorithms

THE NEED FOR QURREX
Having spoken about the advantages of CEX and DEX, we need to know that there has been strong concerns by traders on the quality of services experienced in todays exchanges and they are;

• The concerns for security transparency and reliability
• The absence of a universal exchange with a set of characteristics able to meet the demands of future
clients;
• A clear vision of the market’s future development in relation to that of the classic exchange

QURREX is the first multifunctional hybrid cryptocurrency exchange ecosystem, it works by combining a centralized industry platform with a decentralized blockchain protocol in which the centralized exchange will serve as one of the nodes.

KEY FEATURES OF QURREX EXCHANGE (THE SOLUTION)

HIGH-END PERFORMANCE, SCALABLE AND RELIABLE CORE EXCHANGE MODULE
With qurrex high end performance module, there will be zero loss of data and high capacity connections
HYBRID INFRASTRUCTURE
Qurrex creating an hybrid system by integrating both CEX and DEX with a single order book
NEXT-GEN SECURITY LEVEL
To strengthen security on the exchnage, qurrex will be using a cold storage, insurance programmes and recognised security IT companies
BROAD FUNCTIONALITY
Broad fuctionalities like embeding algo trading GUI, Wide range of analytics tools & charts, as well as information services.
LIQUIDITY
Qurrex plans to lunch new intruments to improve liquidity as well as cooperate with major liquidity providers
TRANSPARENCY
With annual audit and regular disclosure of financial statements and reports, qurrex will be the most transparent exchange in the world.

From the above key features, you could see how qurrex intends to tackle the various challenges faced by both the CEX and the DEX

THE QURREX TOKEN
The qurrex token is an ERC20 standard token on the ethereum blockchain, It will serve as a medium for paying for services and fees in the qurrex ecosystem and also for exchange commodity, cryptocurrency.
Token symbol: QRX

Token standard: ERC20

Token type: utility

Total token supply: 70m

Total token for sale: 55m

Total token for pre-sale: 17m

Country of incorporation - Cayman Islands

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