The dynamic and exuberant market of cryptocurrency is growing and developing at a rapid pace. Its capitalization during 2017 surged by over 30 times, and to keep the world spell bound, it went as high as to $ 500 Billion towards the end of January 2018.Not only this, there is a rat race going among different companies to offer the best cryptocurrency. As a result, new cryptocurrencies, or tokens are emerging on a nearly daily basis. There are already over 1500 of them, and it is quite evident that this graph not going to stop anywhere. So, this crypto market capitalization will increase alongside ICO popularity. The market capitalization of many crypto assets is already in billions. This sudden increase in the number of new users has led to serious disruptions in the functionality of exchanges.
As a result of this crypto wave, there has been a huge demand of cryptocurrency exchange platforms by users in order to be able to invest and/or trade cryptocurrencies. But, the flip side of the coin is that many of the leading cryptocurrency exchanges could not deal with the sudden increase in demand for their services. Just to give a glimpse of this picture, one of the biggest exchanges added more than 250,000 users in just one hour after temporarily restoring registration for new users, while some other added an average of 100,000 new users per day in the last quarter of 2017.
Current problems
As new investors are coming up in the market, the current exchanges are having difficulties keeping up with the huge demand. One of the main issues that most users have to face today is lack of 24x7 customer support. Most of the issues concerning deposits, withdrawals, or user interface take days or weeks of time to get resolved. There have been instances where user got replies in foreign languages. Also, a majority of the exchanges don't have a proper infrastructure to support the hundred thousand of users added on daily basis. On top of that, there have been many instances of security breaches, which is intolerable for any customer. There have been situations where millions of dollars' worth of crypto has been stolen and never recovered. Moreover, many users are faced with daily low withdrawals limits. This restricts the ease at which users can move funds. Also, it takes a long time to upgrade accounts. They have to wait for weeks to get their verification requests approved. There are liquidity issues too that makes trade execution take longer than necessary, thereby subjecting users to price fluctuations and delayed trade executions.
Quifas Solution
Quifas is an innovative cryptocurrency exchange, which will eradicate all the current market issues. Customers will have access to a very spontaneous interface on the platform, and the exchange's staff will provide efficient support services regarding every query. Support will be provided in a language comfortable to users. The integration of the latest technological solutions will allow Quifas to execute up to 2.5 million transactions per second. This will ensure that the system will operate at full capacity even during peak load times. Apart from this, Quifas cares for the security of its users and has taken all of the precautionary measures in order to keep their funds protected from hackers and scammers.
Unique solution combined with all the above-mentioned features will allow Quifas to become one of the best exchanges of the market.
Token Sale Details
The Quifas Tokens (QFS) issued by Quifas Exchange will have a maximum supply of 200 million. It is an ERC 20 token with the Ethereum platform and will be supported by all Ethereum wallets. The price of QFS token is $0.40 (1 QFS = $0.40). The payment method is using Bitcoin and Ethereum. Minimum contribution has to be 0.1 ETH. Token distribution date will end on 30th May 2018. Soft cap value and hard cap value for pre – ico sale are $300k USD (if not met, all funds will be returned) and $ 3 million USD respectively, while soft cap value and hard cap value for ico are $ 3 million USD (if not met, all funds will be returned) and $ 35 million USD respectively. The pre – ico sale and ico sale starts on starts on 9th March and 6th April respectively. The duration for pre ico and ico are till 23rd March and 7th May respectively.
Verdict
The vision of Quifas is to create a crypto exchange platform which is innovative with the most user-friendly work algorithm, which assures high security and capable of millions of transactions per second. So, the customers can feel the ease of trading in crypto market with no bottlenecks of security breaches. Quifas is set to sail and be the disruptive player in crypto market with its unique innovations. Thus, the investors can go for this shot as it is bound to bring back maximum returns.
Website: https://www.quifas.com/
Whitepaper: https://www.quifas.com/static/ver112/pages/whitepaper/en.pdf
Written by Yalsik
Profile: https://bitcointalk.org/index.php?action=profile;u=1943321