Description of the Services and Scope of the Project The goal of Qurrex’s founders is the development and implementation of a hybrid exchange platform which meets all current market needs and will solve all problems related to the protection of confidential data, liquidity and efficiency of work. The project’s solution for each issue is given.

1. Liquidity

Due to comprehensive cooperation with leading liquidity providers, the platform will stimulate the attraction of capital. This will be partially achieved through the sufficient liquidity fund which QURREX formed itself during crowdsale.

---

# 2. High-performance API *The platform interface will have built-in trading capabilities based on Algo . The investor will also be able to automatically copy trading signals. The platform will provide a huge number of different analytical tools, enabling the user to get a complete picture of the market at the time of the transaction.*

---

# 3. Transaction speed *The project will implement WebSocket , as well as RESTful , for the high-speed data transfer of the embedded API. According to the founders, it will help support ultra-high-speed trading operations on the platform.*

In addition to the technical development, the founders promise to implement the most transparent exchange platform in the crypto market, at least from the point of view of the management. An independent audit report will be prepared annually by one of the Big4 companies and financial disclosures will be published.

The system assumes work with all kinds of trading and exchange operations, which are connected one way or another with different types of cryptocurrencies. The solution is also aimed at a wide range of users: from investors who have just entered the market and want to purchase cryptocurrencies for the first time, to large brokers and institutional investors.

According to the project team, the current status of development of the project’s individual modules varies from 30% to 60%. The architecture (DEX + CEX) of the system is as follows:

According to the Roadmap, a centralized exchange with full functionality will be introduced in the first quarter of 2019. After integrating the blockchain network and completing the work on the DEX functionality, the centralized platform will become one of the nodes in the overall Qurrex system.

DEX is created on the basis of 2 types of decentralized nodes -– user nodes and confirming nodes. The protocol allows the confirming nodes latter to charge a fee for ongoing transactions from the user nodes in the currency of the transaction.

Qurrex will implement a special module, Smart Order Router, to exclude intermediaries which will provide the Best Execution service; iIt will become a part of all the centralized (CEX) and all decentralized nodes of the system.

In addition to the Smart Order Router, the following modules will be implemented to integrate a centralized system with blockchain:

---

# 4. DEX/CEX Order Router – a module responsible for receiving and redirecting orders from CEX to DEX and vice versa. *DEX/CEX Market Data Translation service – a module responsible for sending and receiving payment terms from CEX to DEX and vice versa.*

Orders for transactions will be collected in the Aggregated Order Book and then distributed through a decentralized network, while finding the necessary tools for the successful completion of transactions.

The system will use special cryptocurrencies - qBTC, qETH. The user will be able to exchange these cryptocurrencies via DEX and a commission will be charged on deals rather than individual transactions.

The created network will act as a connecting cross-chain between two counterparties wishing to conclude a deal. Meanwhile, the transaction itself will be conducted outside the established network and it will not affect its performance.

The Qurrex website offers to test the MVP platform, but the prototype itself is not available yet. According to the Roadmap, the prototype should have been ready by the end of February 2018.

---

The idea behind the project seems necessary, given the rapid growth in the number of crypto transactions. However, the founders of Qurrex do not hide the fact that a way of implementing the hybrid platform has not yet been found and it will take time to study this issue thoroughly and come up with a working solution.

---

---

---