QuickX is an innovative decentralized platform that is intended to provide effective solutions to some of the critical problems with blockchain technology such as time, cost, scalability and cross transfer of blockchain assets while making cryptocurrencies suitable for mass adoption in day-to-day transactions and provide solutions to enterprises.

QuickX provides transfer of different cryptocurrencies between two parties instantly just like any other traditional electronic transfer mechanism. Thus allowing transactions to happen seamlessly and instantly without user having to pay a high network fees as it is taken care by the pooling facilitators in the network who facilitate the cross-chain transactions to take place instantly!

QuickX features a multicurrency wallet, a multicurrency debit card, a cryptocurrency swap option, and a payment gateway using Quickx Protocol, which make cryptocurrencies suitable for the masses for non-virtual world transactions.

Although it is unlikely, that blockchain ecosystems will replace traditional banking system altogether in the near future, they represent a significant threat to the traditional banking system.

How does it work?

Just like we have e-wallets in the real world, QuickX will have a multi-currency wallet that will hold all types of cryptocurrencies such as ETH, BTC etc. These can be used for paying anytime, anywhere in any type of blockchain.

Each transaction in the outlined process is completed instantaneously, just like a traditional electronic payment system. In addition, every operation is done offchain. Therefore, the implementation of QuickX resolves scalability and cost problems that prevent crypto assets to be used as world currency.

Not only this. QuickX will also provide its users with a physical debit card that can be used for making payments in various places on the go, just like we do with our credit cards.

Since this is more like our conventional payments system, more and more users will be interested in adopting QuickX and this will help in quick adoption of cryptocurrencies, taking the world a step closer to the next generation of banking.

Solution Offered

QUICKX could be an answer to the challenges mentioned on top of. It additionally offers cross chain transactions between totally different crypto-currency and thereby removing an oversized barrier within the adoption of the crypto-currency because of the primary route for transactions in reality disbursement. Many options of the platform are exclusively designed to ease the difficulties featured within the several of the blockchain applications of nowadays, appreciate dealings facilitators, an agency are a bunch of individuals, an agency maintain the off chain dealings record for a tiny low fee and supply quicker dealings on the blockchain network.

It is a suburbanized platform providing quick dealings between two parties which might be simply integrated into any companies or used for private work. The suburbanized platform offers several blessings for the users and companies on the platform. The multi-currency case, multi-currency charge account credit and straightforward dealings exploitation economical payment entranceway are solely a couple of the numerous product offered by the platform. It is negligible operational prices, and it offers investment opportunities to several of the crypto-currency enthusiasts on the platform.

Token supply and distribution

QuickX token (Symbol: QCX) will have a total supply of 500 million tokens distributed as follows:

Founders’ tokens will be under vesting in the smart contract for 18 months (20% will be released after 3 months of Token sale completion, 20% after 6 months ,another 20% will be released after 9 months, another 20% will be released after 12 months and finally another 20% will be released after 18 months). Advisors tokens will be vested for 1 year (20% will be released after a token sale, 20% will be released after 3 months of Token sale completion, 20% after 6 months, 20% will be released after 9 months, 20% after 12 months).

Bonus On Tokens

Verdict

The traditional banking system has many flaws which are overcome by the decentralized system, or more commonly, the blockchain. However, the blockchain system still has a long way to go before it can actually replace the traditional banking system.

The main areas where it lacks are speed, time, costs and the reliability. The traditional payments method has all of this, but blockchain transactions, especially cross blockchain ones are highly unreliable.

QuickX understood this and this is why they have come up with a wonderful solution that is fast and is as reliable as the traditional payment system, even in real-world application.

They possess a backend system that will do the necessary asset conversion for cross blockchain payments. This will help QuickX to make payments in the snap of a second. Not only this, QuickX will treat cryptocurrencies more like cash and less as tradable objects so that it appeals more to the normal people. This will facilitate mass adoption of these currencies.

In short, the solution proposed by QuickX is really unique and solves all the problems of the decentralized system. Surely, the future of payments is here!

For More Information

• Website: https://www.quickx.io/
• Whitepaper: https://www.quickx.io/whitepaper/QuickXProtocolv1.7.pdf
• Telegram: https://t.me/quickxprotocol
• Twitter: https://twitter.com/Quickxprotocol
• Facebook: https://facebook.com/quickxprotocol
• Instagram: https://www.instagram.com/quickxprotocol/
• Reddit: https://www.reddit.com/r/QuickX/
• Medium: https://medium.com/quickxprotocol

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Author: Raghav
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2235966
Eth: 0x11b2642E17Bf70C834CaA29a97D2030303d07069