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June 12, 2018
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One of the largest financial investment firms in the world, Fidelity Investments, is reported to be quietly positioning itself to take advantage of the lucrative cryptocurrency industry by creating its own exchange platform. As noted by CCN, the company is in first stages of launching the platform as an internal job positing circular leaked online this week.
This MA based firm is rumored to be scouting for a DevOps System Engineer who will work for the company full time. His/her main role will be to come up with a digital asset exchange for both public and private cloud. Once the exchange is ready, the engineer will oversee the deployment process to ensure that it is done properly.
Another anonymous source that has been actively posting online about this company’s intention to start a cryptocurrency exchange platform has stated that the investment firm is valuated to be worth more than 2.4 trillion in assets that it manages. The source has also revealed that the firm has been debating on whether to launch the exchange platform for more than year now. The leaked recruitment circular is enough proof that the management board has finally agreed to set up the exchange.
Fidelity is also looking for professional staff who have the skills and experience required to help it provide stellar first class custodian services for various digital currencies such as Bitcoin and Ethereum. Experts who will be hired for this position will be deployed in the Fidelity Digital Asset Service department whose main role will be to directly deal and monitor the provision of all services related to cryptocurrencies.
At the time of writing this article, the investment firm clients can link their existing Coinbase accounts with the Fidelity accounts to view all their digital assets on the Fidelity beta platform. The assets are listed alongside all the other investments that a client has accrued in the company over the years. One of the benefits of this collaboration is that it gives Fidelity the ability to hold cryptocurrencies first-hand or directly.
It is also not clear if the exchange platform will be an independent entity but under the company’s umbrella or if will be hosted on the primary Fidelity platform. Only time will tell if the platform will be separate or part of the company.
It will be remembered that it is during the tenure of Abigail Johnson as the CEO that the firm started to take a positive attitude towards cryptocurrencies. In the just concluded cryptocurrency industry conference, Abigail openly stated that he is proud to be one of the experts from the renowned financial institutions who have not yet given up of cryptocurrencies.
Fidelity Investment Firm is also reported to have invested in several companies that are directly dealing with cryptocurrencies as well as set up a medium cryptocurrency mining facility. Johnson is on record stating that even though the primary objective of setting up the mining facility was to research, the facility is actually making profits for the firm.
Finally, ones the exchange platform is launched and fully functional, the company’s charity department will be able to get contributions from donors in form of bitcoin and other digital currencies.
June 11, 2018
You know a phenomenon has become truly embedded in our society when it makes an appearance in pop culture. The first comic book series dealing with cryptocurrency has now been launched, so fans of both manga comic books and cryptocurrency can rejoice. Shonen Crypto, which is the title of the comic book series, has just released its first issue, and aims to both entertain readers, as well as educate them about the wonders of cryptocurrency.
The first comic book to focus exclusively on cryptocurrency
In an interview with the editor-in-chief Taro says he has never heard or been told of another comic book series that deals exclusively with cryptocurrency. The comic is currently only available online in a digital format, but there are plans to expand the reach by a lot. Taro wants to publish physical copies of the comic, as well as produce music and accompanying videos to complement the comic book format.
Taro’s team has already grown from a modest group of ten employees to twice the size. The people working for him fill various roles. Naturally, there are artists and writers to create the actual comic series itself. But he has now also enlisted musicians to compose the music, and researchers to discover new cryptocurrency tokens they can work with.
Education and entertainment
One of the rationales behind the comic book series is to educate the masses about the world of cryptocurrency. Taro mentions the numerous scam artists in the cryptocurrency world as a reason for the educational aspect of the comic book series. He understands that many people are sceptical about investing their own time and money in cryptocurrency. The comic book series will try to clear up some of the misconceptions people might have about cryptocurrency.
Taro is of the opinion that whilst there are a lot of articles on cryptocurrency being written on a daily basis, a comic book series might reach a different audience. According to the creator, many people simply find the language being used to explain cryptocurrency too complex, and a comic book might be able to explain the concepts better than technical jargon.
What can you expect from Shonen Crypto?
The first volume in the Shonen Crypto series is divided into six separate parts. Part one, called “Crypto Heroes”, sees the main character of Bitcoin Senpai leading the others characters into a stand-off with the evil fiat money. The villains Bitcoin Senpai and his team has to fight off are the US Dollar, the Japanese Yen, and the European Euro.
The second part is a bit more educational than the first one, and introduces the reader to Crypto-kun. Crypto-kun explains what is currently going on i the world of Bitcoin, and educates the reader about various scam artists and technical glitches. The third part of the comic book goes into investment advice and explains how nodes work in relation to the blockchain.
Parts four, five and six further elaborate on the intricacies of the cryptocurrency universe, and does so in very captivating manner. Be sure to check it out online!
June 11, 2018
The International Monetary Fund (IMF) has made some more interesting observations about the phenomenon that is cryptocurrency. Earlier this year, the Managing Director of IMF talked about how the introduction of cryptocurrency could very well be the catalyst for the complete overhaul of the world economy. Although we are yet quite far away from the abolition of government-issued fiat money, all the signs of a revolution within the financial space are there. Now the man behind IMF’s Strategy, Policy, and Review Department has written an article putting the emergency of digital currency into an evolutionary perspective.
Blockchain as a general-purpose technology
Martin Mühleisen from IMF writes that digital platforms, such as those underpinned by blockchain technology, are classified as a general-purpose technology. According to him, only three other kinds of technology in human history have the same capabilities, and these are the steam engine, the electricity generator, and the printing press. What makes general-purpose technology so important is that it continually transforms itself and affects all industry sectors — often creating completely new ones.
The only issue with these kind of transformative technologies is that human culture is often very slow to catch up. Mühleisen notes that it is not only important to adopt a new technology, but also for society to adapt to it. Without adapting to new technology, we cannot fully benefit from it. As an example, Mühleisen shows how James Watt invented a functional steam engine in 1774, but no actual steam locomotive ran until 1812. That is many years worth of wasted potential.
Cryptocurrency will change the financial industry
While Mühleisen notes the dangers associated with cryptocurrency, such as the ability for criminals to use them for money-laundering and drug trade, he also acknowledges the potential benefits of the blockchain technology. Among these are faster, cheaper, and more secure financial transactions. Mühleisen also mentions how government regulations are a bit behind the evolution of the technology, and are only now being put into motion. This is another example of adopting a new technology, but not necessarily adapting to it fast enough.
Mühleisen also mentions some of the new technologies on the horizon. Quantum computing will allow for calculations at a speed and on a scale that is unprecedented. As quantum computing becomes more mainstream, it will completely change industries relying on processing power. One of these industries will be cryptocurrency mining, and the blockchain space will undoubtedly see lots of changes as a result of the introduction of quantum computing.
Disruptions are on the horizon
While technological advancement is generally seen as a good thing for humanity in the long term, there are short term issues that need to be dealt with in the present. New technology like blockchain is very disruptive, and can create a lot of chaos and confusion. Mühleisen warns that jobs will disappear, and it is a good idea to start thinking about which new jobs will be created, and what qualifications will be needed. Therefore, he advises both public and private institutions alike to start considering which policies they will put in place to prepare for the digital revolution.
June 10, 2018
Payera Review
Whilst blockchain technology has a multitude of purposes (one only has to shoot a quick glance at the many diverse ICOs out there), the main one is still money and financial transactions. It is easy to understand why this is the case given the many intermediaries involved in financial transactions between companies. Every middleman adds to the financial costs associated with transactions, and cryptocurrencies are a great way to circumvent that problem. Payera is an an ICO that seeks to challenge the status quo by eliminating the need for any intermediaries, and thus reduce the costs associated with transactions.
What is Payera?
The team behind Payera brands the platform as the first cryptocurrency payment platform with a multifunction solution that is secure and easy to use. These multiple function come in three forms: Payera, Shopera, and Cardera. Payera itself is a payment platform, and comes complete with both buyer and seller protections. There will also be an in-built exchange that user can utilise, instead of having to use third party exchanges. The platform is also operate on a ratings system, which buyers and sellers can use to assess each other, similar to platforms like eBay. The assessment made by the buyer of the seller, however, has an important effect on the seller’s capabilities on the platform. If the seller has a good rating, they will be able to receive direct payments and have lower transactional fees associated with the sale. Both buyers and sellers will have a digital wallet assigned to them to use on the platform. This wallet will be protected either with a PIN code, a fingerprint, or face recognition, depending on the user’s smartphone capabilities. In addition to the platform being decentralised, Payera will not have access to any user accounts.
What is Shopera?
Shopera is the online store component of the Payera ecosystem. Here, retail and individual merchants alike can list their goods, whether it is new or used. Depending on how much an item costs, a merchant will pay between $0.05-$0.50. As with eBay, the Shopera platform is easy on the small fish: if you sell less than ten items every month, you do not pay the seller’s fee. Buyers can use the platform for free, regardless of how much they purchase.
What is Cardera?
Cardera is the cryptocurrency payment cards that will come with a Payera account. I can be used for online transactions, as well as in regular ATMs to withdraw funds. Payera will issue the Cardera payment card for a flat rate of $20.
Key features of Payera
The design of the Payera platform is very intuitive and easy to use, and comes complete with all the features you would expect from a cryptocurrency platform. As it makes used of Ethereum’s network, it is a completely decentralised platform that secures all use data. The transactions themselves are faster than current methods of transferring money, and the tokens can be used in external online stores partnering with Payera. As a buyer, Shopera is free to use, and as a seller, it is a lot cheaper than similar platforms.
Other Information:
– Payera TWITTER
– Payera TELEGRAM
– bitcointalk ANN
– bitcointalk BOUNTY
– bitcointalk Username: Ico Friends
June 9, 2018
BGX Review
In the world of cryptocurrency, it is, obviously, all about the money. In the world of mobile gaming, money is definitely a deciding factor as well. As a matter of fact, the industry reached a total revenue of $30 billion last year alone. The projections for this year are even bigger, and experts suggest that we will see a 15% growth from last year. It is not an easy industry to break into, however. If you are a developer, you will quickly discover that the companies behind the mobile platforms you are developing games for will charge you quite a lot to use their platforms. There is always a silver lining behind every cloud, however, and this predicament has opened the doors for the blockchain industry to make its entrance. BGX is an ICO that promises to bring something new to the table in terms of financial transactions within mobile gaming. Not only that: they have already proven themselves by impressing a string of industry partners. The fact that BGX has already been tried and tested sets it apart from the majority of ICOs, most of which are projects in the making. BGX brands themselves as the ‘fastest, low-cost, and most secure decentralized method of payment processing.’ The gaming industry will benefit greatly from this innovative approach to financial transactions, so whether you are a gamer or a game developer – read on!
What is BGX?
Using blockchain technology, the team behind BGX is developing a decentralized platform that has multiple functions. The main aim of the platform is to process payment made in mobile games. Another aim is to allow developers of mobile games an easy way into the world of cryptocurrency. Not only will the developers be able to make money off of their creations in the form of cryptocurrency tokens, they will also have access to a market of mobile game players and grow their audience. Considering that they only pay 10% commission, this is a pretty good deal – traditional app markets charge around 30% commission. The other part of the mobile gaming industry, the players, will also be able to benefit from BGX. Rather than having to contend with ads and sponsored content, they will be provided with a digital wallet and can earn money every time they watch an ad.
What are the key features of BGX?
The developers behind BGX are promising a myriad of functions when it comes to their platform. Among these will be a distribution system for mobile games made for iOS and Android devices. There will of course also be an independent processing mechanism, for cryptocurrency and fiat money alike. Players will have access to digital wallets where they can store their cryptocurrency. Developers will have a subsystem designed for token emission. Many of the common monetization models will also be supported by BGX. Finally, the transactions carried out will be supported by a powerful AI that uses sophisticated algorithms. This AI will not only be able to monitor the financial transactions, but also prevent fraudulent behaviour, create tournament games for players, monitor the overdraft functions, allow users to customise and cluster the mobile applications, help create a compliance model, monitor the applications to ensure that they are complying with the law, and finally control the exchange rate of the various cryptocurrencies being used. Talk about versatility!
What about the tokens?
Another way in which BGX sets itself apart from other ICOs is that is used not one, but two types of tokens. These are called BGX (naturally) and BGT. The BGX token is based on the Ethereum network and uses the ERC-20 standard.
bitcointalk Username: Ico Friends
June 9, 2018
NextPakk Review
NextPakk is the next generation of parcel delivery services. Too often, customers who order products online miss their deliveries, because the parcel delivery services are unable to deliver at a time that is convenient for the customer. Most people have a nine to five job, and are only able to receive deliveries during the evenings and weekends. The drivers, however, are also working nine to five, and so there is an obvious challenge to overcome. NextPakk creates an online marketplace where local businesses, drivers, and customers can connect to solve this issue. The businesses utilise their extra space to store the parcels, the drivers utilise their extra time and vehicles to deliver them, and the customers receive their parcel at a time that is convenient for them.
What is NextPakk?
NextPakk is a blockchain startup company based in Minneapolis, USA. The vision of the company is to integrate blockchain technology and last-mile logistics with the modern supply chain. From the point where a product is created to the point where it is delivered to the address of the buyer, it goes through a long supply chain. The last-mile logistics is where it tends to go wrong, as many deliveries are made to customers during the day when they are at work. This results in a lot of failed deliveries, and ultimately requires the buyer to pick up the delivery themselves at a delivery office. According to research carried out by NextPakk, over one billion failed deliver attempts of this kind happens every year. Needless to say, this results in a lot of wasted time, work hours, and fuel, on the part of the delivery company, and a bad customer experience for the buyer. NextPakk aims to remedy this problem with their delivery system. Instead of having their purchases delivered with a regular company, who might not be able to accommodate night-time deliveries, buyers can have their purchases shipped to NextPakk. NextPakk will then store the client’s parcel in a secure warehouse, which will have 24 hour surveillance. Once delivered to their warehouse, the buyer can then request the parcel to be delivered to them at a time that is convenient for them. Since NextPakk works from 6pm-midnight seven days a week, this offers customers with a nine to five work schedule very good flexibility. As soon as the parcel has been safely received by NextPakk, the customer will be notified. From here, they simply enter their address, phone number, and the date and time for the desired delivery. Customers can choose to pay for a single delivery, or they can sign up for a subscription service in case they receive a lot of deliveries on a regular basis. All the drivers working for NextPakk are background-checked. NextPakk’s guarantee is that the parcel will be delivered successfully the first time, thus taking the hassle out of receiving parcels.
How does NextPakk work?
NextPakk has designed a scalable sharing economy by combining blockchain technology with sharing prosperity. As opposed to most other ICOs, NextPakk does not use the Ethereum network. The Pakka blockchain is instead built on the Stellar fork, which is meant to make the system more scalable and provide a higher output. The Pakka token itself will be the native currency with which buyers pay for their delivery services, and drivers get paid. The drivers themselves can utilise their personal vehicles and spare time to deliver parcels to the buyers. Local businesses can also utilise their extra space to store the parcels and get paid in Pakka tokens. All drivers are background-checked and all parcels are tracked online. As an extra layer of security, NextPakk will also have an escrow system implemented in order to cover for any unexpected damages to the parcels.
What are the key features of NextPakk?
By utilising local businesses and warehouses as their delivery points, NextPakk will have many more places than the average post office or delivery service. This means that deliveries can be carried out much faster, as the parcels will be stores local to the buyer. Because of this close proximity, the distance the driver has to travel to deliver the parcel will also be reduced, thus cutting costs for time and fuel. The delivery points will typically be less than five miles from the address the parcels are to be delivered to. In addition to cutting the distance, the system will also allow for minimising traffic jams. Finally, both the package delivery points and the drivers will be monetarily incentivised to let the buyers control the time of delivery so that there are no failed attempts or chance for the parcel to be stolen because it it left unattended.
What are the benefit of Nextpakk’s ecosystem?
The checks and balances of the NextPakk ecosystem is perhaps the best part of this ICO. The retailers sending the parcels will see an increase in profits, as the number of returned, failed, or stolen deliveries go down. The local businesses who utilise their extra space to store parcels will benefit from an extra income stream. The drivers will also earn an extra income by using their extra time and their own vehicles. Finally, the customers will have a much better experience, as they are in control of the delivery and do not risk their parcel being stolen or returned to the retailer.
What is the Roadmap for NextPakk?
According to NextPakk’s website, the roadmap for their project is as follows:
- Q1 2016 Seed planted for NextPakk
- Q3 2016 V1 of NextPakk as a physical solution
- Q1 2017 Collected feedback from users on V1 and revisited the solution
- Q2 2017 V2 of NextPakk solution based on shared ecosystem MVP Conducted over 700 customer interviews
- Q3 2017 Ran a pilot program involving 10+ apartment complexes
- Q4 2017 Started work on building the platform based on blockchain
- Q1 2018 Web app launch
- Q2 2018 Private Tokensale
- Q3 2018 ICO and token distribution
- Q4 2018 Market reach in 3 US major cities
- Q2 2019 Pakka Dapps launch UK/AU/DE markets
- Q4 2019 Expansion into 10 US major cities R&D using AI in Logistics
- Q4 2020 Expansion into sub-Saharan countries
- Q4 2021 Continued worldwide integration with the globas supply chain
How will the Pakka tokens be distributed?
The total supply of Pakka tokens will be 1,000,000,000. Of this supply, 8% will be sold during a private pre-sale, 12% will be sold during the pre-ICO, and a further 30% will be sold during the actual ICO. The team behind NextPakk will have 10% of the tokens made available to them, and their advisors will have 8% to look forward to. 8% of the tokens will be reserved for user rewards and airdrop, and 3% will be earmarked for bounty. The drivers delivering the parcels will have 8% of the tokens in store as rewards for going the extra mile (so to speak), and the local businesses functioning as the package delivery points will have 5% of the tokens assigned to them as rewards. Finally, there will be another 8% of the tokens kept as a company reserve.
Other Information:
– NextPakk TWITTER
– NextPakk TELEGRAM
– bitcointalk USERNAME: Ico Friends
June 8, 2018
SEC, Securities and Exchange Commission, has affirmed its pervious directive that all ICOs (Initial Coin Offerings) are indeed categorized and securities. Therefore, all companies that are currently running an active ICO or planning to launch one need to get in touch with the regulator and register. As noted in an article posted on CNBC, one of the directors working with the regulator stated that the firm is surprised by the companies’ lack of self-reporting.
In an interview that was held on Wednesday this week, SEC Commissioner Jay Clayton clarified that all digital assets and tokens that are using in an initial coin offering are securities. This is based on the fact that the assets are meant to act as seed money to facilitate development and expansion of the new digital currency been created.
SEC has also stated that they expected to see an increase in number of ICOs who submit their registration papers to get the go ahead to hold the ICOs. One of the main reasons why the government through SEC wants all companies offering ICOs to register is to protect investors from fraudsters who offer fake ICOs. In the same interview, Clayton stated that it is the duty of SEC to regulate both the provision of the tokens through the ICO as well as trading of the token after completion of the sale.
When asked why he believes that digital assets are securities, he cited a Supreme Court case that was heard and determined in 1946. In the case, a security was defined as an investment of money into a common enterprise that an investor expects to get a profit after a given period of time. This definition is widely referred to as Howey Test not only here in the United States but also in other parts of the world.
The Howey Test has proven to be effective in helping financial regulators to compare and contrast the characteristics of an investment to determine if should be categorized as a security. Redfearn, one of the SEC Commissioners, also stated that not all digital assets could be easily categorized as securities as each has unique characteristics and functions.
Securities and Exchange Commission will continue to use all its resources and personnel to evaluate all ICOs and clarify issues related with classification of the tokens securities. It is also expected that the commission will publish more reports and findings in a bid to empower the ever-growing digital world about the classification process.
Redfearn was also asked he considered the premier and popular cryptocurrencies such as XRP, Bitcoin, and Ethereum as securities. He however declined to give a direct answer to this question and instead opted to state that the agency would release statements on the said digital currencies in the near future.
Most of the crypto companies such as Ripple have been adamant that their currency does not qualify to be listed as securities due to its utility use. The bottom line is that, clear guidelines about the classification process and the characteristics of a security will help to improve and streamline the industry
June 7, 2018
U Run It Review
The market for online casinos is one of the few industries that sees a rapid and consistent growth. Based on the growth of the industry from 2017 to now, the market capacity is expected to have doubled in just five years by 2022. Whilst the gambling industry has come a long way from cards to slot machines, to online casinos, one thing remains unchanged. The house always wins in the end. But with such a saturated market, many online casinos are struggling to compete. This has led many of them to use a lot of gimmicks, bonuses, offers, and other ways to attract clients. The result of this practice has decreased customer loyalty, as clients are always looking for the next deal. U Run It is a blockchain-based platform that aims to change this trend and completely flip the online gambling world on its head.
What is U Run It
As with many other ICOs, U Run It seeks to break with some of the established norms of their industry. One of the main aims of the project is to hand over the control to the casino players, thereby turning the tables in both literal and metaphorical sense. Rather than simply being a run-of-the-mill online casino, U Run It will create a “white label” platform that other casino operators can make use of to service their clientele. By taking this new and innovative approach to gambling, the team behind U Run It aims to usher in the next phase of the gambling industry. They also want to ensure that all investors who contribute to the ICO are rewarded for their efforts by increasing the value of the tokens. In addition to making a profit from this increase in the value of the tokens, token holders will also be eligible to participate in regular jackpot drawings.
How does U Run It work?
By using blockchain technology, U Run It will be a decentralized platform that keeps all user data secure. As it utilizes the Ethereum network, smart contracts will be the driving mechanism that ensures the distribution of the URUN tokens after the ICO has ended. The jackpot drawings available to token holders will take place every day, every week, and every month. The prizes will be made up of 70% of all the collected URUN tokens on the platform. Because there are strict regulations when it concerns the gambling industry, the U Run It team has enlisted a number of finance attorneys with a deep understanding of the cryptocurrency space. One of the factors that will contribute to the value of the token is that it is a utility token, rather than a security. This means that it will be listed on international cryptocurrency exchanges very soon after the ICO has come to an end. One thing that sets U Run It apart from many other ICOs is that the URUN tokens will slowly be phased out of circulation. This will be done by gradually decreasing the number of tokens being used for each transaction made on the platform. For holders of the URUN tokens, this, of course, means that the value of each token is guaranteed to increase as time goes by. Not only will there be fewer tokens, but the demand will increase as more players and casino operators join the platform.
Other Information:
– Urunit TELEGRAM
– Urunit TWITTER
– bitcointalk ANN
– bitcointalk BOUNTY
– bitcointalk USERNAME: Ico Friends
June 6, 2018
If you have only recently become interested in the world of cryptocurrency, you will probably have come across a few terminologies that seem unfamiliar to you. If you have experience in trading on the stock market or foreign exchange, you will recognize some of them. However, it is always good to refresh one’s memory when it concerns the lingo being bandied around in the crypto-space. Have a look at some of these terms below.
Trading Related Terms Exchange
These exchanges are also commonly referred to as ‘cryptocurrency exchanges’, and are the places where you can buy and sell cryptocurrency tokens.
Fiat money
Fiat is currency issued by the government, or what the average person considers to be ‘real’ money.
Market order / market buy / market sell
This is the most straightforward method with which you can buy or sell cryptocurrency tokens on an exchange. This is an instant trade, as opposed to limit orders.
Limit order / limit buy / limit sell
When you trade on the cryptocurrency exchanges, you can place these kinds of orders in order to buy or sell tokens once a specific price point is met.
Sell wall / buy wall
Think of this as a depth chart where you as a cryptocurrency trader can see the current price points for buying and selling.
Whale
A whale is someone who has been incredibly successful in the cryptocurrency space, and as a result of their success has a huge amount of cryptocurrency.
Margin trading
If you are an experienced trader, and you would like to become a whale one day, then you can experiment with margin trading. Margin trading is very risky, but the pay-off can be proportionately rewarding.
Going long
If you have decided to margin trade and profit when the price increases, then you are going long.
Going short
Similar to going long, this means that you have made a profit from the price decreasing when margin trading.
Bullish
If you are bullish, then it means you expect the price to increase. When the majority of traders in the market have this expectation, it is called a bull market.
Bearish
Similar to bullish, but with the expectation that the price will be decreasing. When the majority of traders in the market have this expectation, it is called a bear market.
ATH
This is an acronym for All-Time High, and refers to the point at which a given cryptocurrency reaches the highest value it has ever been. A god example of this is the Bitcoin peak in December 2017.
Altcoin
Altcoin is short for alternative coin, and is generally any of the newer cryptocurrencies that came after Bitcoin. Opinions are divided on whether or not Ethereum is considered an altcoin.
ICO
This is an acronym for Initial Coin Offering, and refers to the crowdfunding phase of a new blockchain project. Most ICOs use Ethereum’s network, but there are some exceptions.
Tokens
ICOs will offer potential investors tokens, which are the native cryptocurrency used on any given ICO’s platform. These tokens are cryptocurrencies that can be used on the platform, or be exchanged for other cryptocurrencies.
June 4, 2018
Qurrex Review
For those of you who are already investing and trading in various cryptocurrencies, exchanges are not a new phenomenon. However, few cryptocurrency exchanges have a built-in hybrid system that allows you to exchange cryptocurrency for fiat and vice versa. Qurrex is an ICO that promises to change the landscape for cryptocurrency exchanges by allowing for this exact thing to happen. In this review we will take a look at exactly what Qurrex is, the team behind it, and how you can get involved.
What is Qurrex?
The concept behind Qurrex is quite simple. The team is developing a trading platform which, in addition to having all the capabilities of a regular cryptocurrency exchange, also will have some added benefits to it. As with other ICOs, the platform will be using blockchain technology to deliver a decentralized and secure means of trading in cryptocurrencies and fiat money. This will make it very advantageous to traders on regular stock exchanges, as well as foreign exchanges. Because of the way it is set up, intermediaries and middlemen will be all but eliminated, which will result in a much more efficient and cost-effective experience for users of the platform. The team behind Qurrex aims to set a new standard in the crypto-economy landscape, by creating the world’s first universal cryptocurrency exchange. The technology underlying the platform is derived from that of existing worldwide exchanges, which means that the architecture of Qurrex will produce a very high-performing platform. Finally, it will be able to bridge the gap between cryptocurrency traders and stock exchange traders, and perhaps contribute to bringing the two worlds together.
What are the features of Qurrex?
The key features of Qurrex is what makes this ICO truly unique. The high-performance architecture not only ensures that all data is kept confidential and safe, but it is also subject to regular audits by tech experts. The team behind Qurrex also promises maximum transparency, and this will also be maintained by having regular audits carried out by an independent agency. As with all companies, financial accounts will be published for all to see. By using APIs, users can customize the interface to suit their needs, offering a good amount of flexibility. Finally, there will be a customer service team standing ready 24/7 to assist users with any issues and requests they might have.
How does Qurrex work?
The platform is designed to handle 70,000 transactions per second, with a latency of only 650 us. All trading being carried out on the platform will be subject to rigorous trading standards to ensure compliance with the law. By contributing to the platform with their knowledge, experienced traders will also be rewarded for sharing information that can benefit other users. The platform also comes complete with analytical tools and charts that traders can take advantage of.
Who is behind Qurrex?
Mathhijs Johan LEK is the founder and head of the company behind Qurrex. Having dealt in investment banking and business development for over two decades, he is leading a team of equally experienced traders who are specialized in different fields. Investors can rest assured that the team has a wide range of knowledge when it comes to trading robots, strategies, and algorithms.
bitcointalk Username: Ico Friends