Qurrex platform with first Hybrid System Review
Before I review qurrex platform, I will explain qurrex is platform for exchanger ecosystem for cryptocurrency , next question what is relation exchange and cryptocurrency? Many people know cryptocurrency call it Cryptocurrency exchange, Crypto exchange or digital currency exchange is a businesses that allow customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money, or different digital currencies. They can be market makers that typically take the bid/ask spreads as transaction commissions for their services or simply charge fees as a matching platform.
So Qurrex is?
Qurrex platform was designed exclusively as a centralized cryptocurrency exchange system. The reason for this was related to the team’s background, having worked for over 10 years on the creation of various exchange and broker systems and products for the traditional markets. Qurrex is setting the industry standard in the crypto-economy for a universal cryptocurrency exchange – one which existing platforms will eventually achieve only after years of independent effort. The platform will become the first cryptocurrency exchange based on high-performance architecture from the leading international trading platforms. Rather than respond to the market demand, concept is designed for the future – for the coming growth explosion in cryptocurrency trading.
Qurrex with Hybrid system?
Qurrex concept is combine the CEX and DEX system become one, The centralized exchange (CEX) will in the long-term and remain the most effective solution in creating maximum possible liquidity across the majority of types of trading instruments, At the current time, it is only within a centralized infrastructure that effective creation of partial pre-deposit of funds is possible, the function of guaranteeing the fulfillment of obligations of the transaction party is always undertaken by the central link of the infrastructure. Decentralized exchanges (DEX) with high capacity remain, unfortunately is cant archived goal in the medium term, where is clients need a high-quality service now. DEX will became natural protection from those technical problems which inevitably arise from time to time in the central node of any centralized system.
How Qurrex platform work?
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.
Who is The Team behind Qurrex Platform?
MATTHIJS JOHAN LEK, CO-FOUNDER AND CEO
Matthijs Johan has worked in finance for 19+ years, in investment banking, brokerage, and business development. The traders’ sub-team includes traders/consultants with significant experience of trading on the currency market, and of developing trading strategies, algorithms, and trading robots. In the last few years, the team has been actively trading on the cryptocurrency market.
SLAVA BAIKALOV, CO-FOUNDER AND HEAD OF EAST EUROPE OFFICE
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.
ANDREY SITAEV, CTO
Andrey has been implementing trading algorithms since 2008. In addition to programming, Andrey performstechnical analysis and econometrical tasks. Andrey has also been leading a software developing team forabout 7 years. Presently the team is set up of 17 frontend and backend developers with a significant software development background. The developers led by Andrey have designed and implemented the Forexanalytical / trading platform “TradeSharp”. Presently, this development team works on a cutting-edge trading platform. This project is being implemented in a multiparadigm pattern, combining a number of programming stacks (.NET, NodeJS) and advanced techniques (microservice architecture, message queuing, DB partitioning).
ALEXANDER BOBRYSHEV, PRODUCT MANAGER
Has experience in design and development of high-loaded systems, embeddable and server solutions, antivirus software, information security systems. Also participated in development more than 50 projects, including: payment service transport system ASK-PAY, antivirus software (Kaspersky Security Scanner, Kaspersky Antivirus, Kaspersky Internet Security, Kaspersky Update Utility), components of transport monitoring system (TOne-Suite), biometric identification system (Hitachi H-1), economic news service (PRIME).
IVAN SERIKOV, BACK OFFICE ARCHITECT
Ivan has over 10 yrs experience as solution architect and team leader in implementation of CRM systems at large scale companies of different industries (from financial institutions to airplane companies). He focuses on automation of business processes based on Oracle products stack (Siebel CRM, BI). Ivan also participated in Big Data projects for large-scale airline company.
KARINE GABRIELYAN, BUSINESS DEVELOPER
Karine Gabrielyan has been working in the financial sector since 2005 and started her career at the RTS Stock Exchange where she was responsible for the derivatives market development. In 2012 she moved from the exchange which at the time after the merge had become the Moscow Exchange, to one of the top Russian brokers where she was responsible for the brokerage business development as well as cooperation with the exchanges the broker was connected to.
KIRILL GOTOVTSEV, CMO
The oldest professional of advertizing in Russian Internet For 25 years Kirill is engaged in communications of hundreds companies. His clients list includes not only high-technology financial startups but also large conservative projects. Last two years Kirill consult more than 6 cryptoprojects. He is a head of department of marketing in Qurrex.
YURY PANOV, HEAD OF MARKETING STRATEGY
Yury is a head of strategy planning in BBDO Russia Group (CIS representative office of the world's biggest and most awarded advertising agency). He has been working in branding and advertising industry since 2007. During this time he developed effective strategies for leading russian brands in FMCG (PepsiCo, Mars), telecom (Veon, MTS), retail (IKEA, X5 Retail Group), finance (VTB, Soglasie) and other categories. Yury is a lecturer and jury member in the Wordshop Academy - the world's best advertising school (in 2017) and member of the Russian EFFIE jury.
KONSTANTIN SVIRIDENKO, ADVISOR, CHAIRMAN OF THE SUPERVISORY BOARD OF QUERREX
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 consultant on creating the platform and building all operational, IT and business processes from scratch.
DMITRY LAVROV, ADVISOR, 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.
BRIAN KONRADI, LEGAL ADVISOR
Among other projects, Brian advised e-commerce company, KupiKupon, as their in-house international general counsel in 2011. Representing clients in the US and Russian markets, he founded the boutique law firm, Danilov & Konradi LLP with former Akin Gump colleague, Andrei Danilov. In 2016 The Legal 500 included Brian in the list of recommended lawyers for Corporate/M&A in Russia noting him as a "superb dealmaker.”
More information
Website : https://qurrex.com/
Whitepapper : https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view