Ever since the introduction of the idea of Blockchain, we have always wondered when a time would come where we could use our crypto assets and investments as easily as we use regular fiat currency. I for one being a crypto-investor, have always thought of this part every time I see any news about Blockchain in the media.
It may seem to be too impatient or irrational on my part and on the part of many investors out there, but isn't that the reason why cryptocurrency was introduced for. The market is too volatile at the time of writing in the article and the world is still struggling to accept crypto assets as a currency that could do the same things fiat could, along with the fact that it can even replace fiat due to the benefits offered by it. It is much faster, more secure and most of all, there is no middlemen present who can change the rules according to their will. This makes it truly decentralised.
There is also the fact that most of the famous and first mover Blockchain is not much optimised as compared to those newer and much more optimised Blockchain Technologies in the recent times. They have solved most of the shortcomings of the first mover, Bitcoin and other big players such as Ethereum and have become the so called "Blockchain 2.0". But most of these newer versions are at a even more nascent stage with not many adopters when compared to Bitcoin or Ethereum.
There is also no standardised method of payment present if one has their investments or own a lot of different crypto assets. It is ironic that a medium that brought about decentralisation and standardisation of sorts to the way currency works does not have interoperability.
QuickX Platform
They plan on solving the above mentioned problems by creating a platform using the Blockchain where it performs transactions off the chain for same Blockchain assets and utilizes pooling facilitators who supply liquidity for cross chain transfers of crypto assets. In simpler terms it almost treats each transaction outside the Blockchain powering the platform, allowing attaining similar liquidity as fiat enjoys.
This also has another significant advantage in the fact that it allows for much higher and more number of transactions per second as compared to other cryptocurrencies allow. It also allows for swapping for different crypto assets along with very low or no exchange rate and transfer fees. This makes it a viable option as it is now similar in functioning to the regular fiat. They also plan on offering cards and an App for much easier usability.
ICO & Team
They plan on holding their Crowd Sale on 1 July and it ends on 31 July. It requires for you to be Registered, Whitelisted and KYC Verified in order to participate in the ICO. They plan on offering decremental periodic bonuses during their crowd sale.
The Founders and rest of the team has adequate experience in CyberSecurity, Blockchain, HR and Community Management respectively. The advisory board consists of renowned and experienced Investors, Entrepreneurs who also bring along their expertise in fields of Blockchain, Investments and Marketing. Few among them is the Former Finance Minister of Malta and the CEO of Coinomi. They have also got a specialised partner groups in South Korea.
Conclusion
The QuickX platform aims to solve a lot of the trivial problems that inhibits the growth of cryptocurrency in a huge manner. It is also the cause of crypto assets not being mass adopted due to it being quite complex even for the tech savvy to use.
It also allows for much faster rate of transactions be it crypto asset based on any Blockchain type or technology. That and the fact that it has already got a strong backing of a team who are previously experienced in cybersecurity is another advantage for them.
For more information
Website -- https://www.quickx.io/
Whitepaper -- https://www.quickx.io/whitepaper/QuickXProtocolv1.7.pdf
ANN -- https://bitcointalk.org/index.php?topic=3858976.100
Telegram - https://t.me/quickxprotocol
Published by dannywhelan
Profile - https://bitcointalk.org/index.php?action=profile;u=1936039
This post has received a 2.25 % upvote from @booster thanks to: @stephenrobert.
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Thanks @stephenrobert for appreciating my post
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You got a 21.92% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @stephenrobert! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP Earn 1.25 SBD Per 1000 SP | Discord server
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Thanks @stephenrobert for appreciating my post
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@stephenrobert any reason for this upvotes ?
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I just like your post so think to upvote it
keep up good work
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I went through the writeup, project looks interesting
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“Cross Platform Crypto Asset Transfers powered by Blockchain.”
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