introduction
The high volatility of cryptomarket allows investors and traders to attract big profits. This draws a steady stream of new "players". As a result, the number of users on cryptocurrency exchange is always increasing. In addition, new kriptoassets appear regularly. Since the introduction of blockchain, their growth has become exponential. As a result of the increase in trade demand, many cryptocurrency exchanges are not able to handle volume increases, especially at peak times. Others lose their competitiveness due to changing market conditions.
News outlets regularly stream information on different crypto exchange issues. The main issues that are exchanged are:
Difficulty scalability.
Bad protection from hackers.
At the same time, analysts and urinary tractors suffer. The main issues they face are:
Difficulty with registering on the exchange.
Low quality and speed of service.
Limited liquidity.
Solving this problem is the primary task of the exchange of new Quifas crypts. We are developing quality solutions that allow 2.5 million transactions per second. There is no limit to registration on the Quifas stock exchange. All user requests will be solved as quickly as possible and in a language convenient for the user.
In addition, Quifas is concerned with the security of its users and takes all necessary measures to protect their funds. Our specialists will monitor the system, eradicate, and prevent hacks in our exchange.
To improve our convenience, we built a mobile app for iOS and Android devices. They will allow cryptocurrency traders to gain profit regardless of their current location.
Quifas Mission - to allow anyone, anywhere in the world to do secure cryptoasset transactions with just a few clicks.
Quifas eliminates the existing short-term solutions and brings its own innovative solutions to the market. This will allow him to take his place among the market leader and move on from the competition.
Market capitalization
The cryptic center is growing rapidly. Capitalization during 2017 grew more than 30 times, and by the end of January 2018, the value reached $ 500 billion.
The chart below (Figure 1) summarizes the growth of cryptographic market capitalization over the past five years.
In addition, new cryptocurrencies, or tokens, appear every day. There are already more than 1500 of them. And their numbers will continue to grow in the future, as some projects use ICO as a way to obtain financing.
The cryptomarket capitalization will increase along with the popularity of ICO. The market capitalization of many kriptoasset is already in the billions. At the same time, a thousand fold ROIs that follow ICO or the creation of new crypto-kardiak are quite common.
The chart below (Figure 2) shows the market capitalization of the top 20 coins.
Trading volume
The number of traders and trading operations associated with the sale and purchase of cryptoassets is growing every day. Peak transaction volume is usually accomplished during the spontaneous increase or decrease in the price of crypto. At times like these, the burden experienced by cardiac crypto exchange also increases significantly. It should be noted that the average daily trading volume has exceeded $ 20B.
Along with the growing popularity of ICO, market capitalization will also increase. The market capitalization of many kriptoasset is already in the billions.
The chart below (Figure 3) shows the average trading volume of 24 hours with coins for December 2017.
Workloads on cryptocurrency exchanges increase in tandem with the trading volume of cryptoasset, which has surpassed $ 1 Billion daily in each of the five largest exchanges. The rapid increase in the number of new users has caused serious disruption in the exchange function.
The chart below (Figure 4) shows a 24 hour trading volume with the top 20 cryptocurrency exchanges.
Conclusion
As a result of this surge, there has been a great demand for a cryptocurrency exchange platform by users in order to be able to invest and / or trade crypto. The current state of affairs indicates that many of the leading crypto stock exchanges have struggled in the face of a sudden surge in demand for their services. For example, one of the largest exchanges adds more than 250,000 users in an hour after temporarily recovering new user enrollments while some add an average of 100,000 new users per day in the last quarter of 2017.
Some exchanges have overhauled their systems to improve their scalability, while others pause to open new user accounts. Almost all exchanges must struggle with periodic blackouts and performance problems during bitcoin price increases of more than 10 times and the price of other digital currencies. This opens great opportunities for launching new trading platforms with unique functionality to help spike demand.
Current problem
To create a new exchange of cryptocurrencies capable of taking leading positions among existing competitors, careful analysis of their current problems has been made.
It can be said that almost all functional cryptocurrency exchanges and their users are experiencing serious problems.
As new investors flood the market, the bourse is currently struggling to meet the huge demand and many of them shut the door for new investors.
Here are some key difficulties facing exchange and current users.
Lack of Customer Service
One of the main issues facing most users today is the lack of customer support. Most issues that involve deposits, withdrawals, or user interfaces may take days or weeks to complete. There are instances where users get replies in a foreign language.
For example, we can refer to an issue experienced by EXMO exchange users. Starting from the wrong actions of some stock exchange employees, withdrawing one user takes 48 days. Exchange even tried to pin the problem on its own client.
Inadequate Infrastructure for Scale
Most of the exchanges do not have the infrastructure capacity to support the hundreds of thousands of users added every day.
In December 2017, even the largest cryptoexchanges such as Bittrex and Bitfinex were forced to stop allowing new user registrations2. The entry of new clients is likely to cause them to experience serious system malfunctions.
Security Violations
There are many examples of security breaches and DDoS attacks on most exchanges on a regular basis. There are situations where millions of dollars of crypto has been stolen and never found.
For example, towards the end of January 2018, the hacker broke the Japanese crypto-dome exchange, Coincheck, and stole more than $ 500 million worth of NEM3. Many investors and traders suffered severe losses. Moreover, this event has a negative impact on the overall crypto market: almost all assets are falling in value and capitalization is declining.
Low Withdrawal Limit
Many users are faced with low daily withdrawal limits. This limits the user's ease to be able to move funds.
This issue is well described by the Bittrex4 exchanges. During November, many users can not pass verification, resulting in a daily withdrawal limit of just 0.4 BTC for them.
Pending Account Upgrade
Requests for user account upgrades in most exchanges take a long time. Users sometimes have to wait for weeks to get their approved verification request. This is very limiting in terms of user access to the market.
For example, we can use the above mentioned situation Bittrex, where many users can not complete the basic verification though. Additionally, support services ignore messages related to this issue.
Furthermore, one of the developers of Bitcoin Core held a survey related to the timing of exchange verification5. A third of the 1,700 people surveyed passed verification in a week, 16% in a month, and 21% in over two months.
Liquidity Issues
Liquidity on some exchanges makes trading execution take longer than necessary, causing the user to experience price fluctuations and delayed trade execution.
This problem is very important during the early stages of exchange operations. As soon as it launches, and along with a low number of users, open orders close after a prolonged period of time. During periods of high market volatility, the cost of executing orders can change drastically, up, up, or down. As a result, investors and traders face losses.
Inefficient Multilingual Support
The cryptocurrency market is global, because there are many users involved in it who are not fluent in English. Except for the number of selected exchanges, for the most part, the lack of multilingual customer support and user interfaces.
As a result, many investors and traders lose the potential benefits of kriptoasset investments and trade, as they do not have access to the exchange due to foreign language limitations.
Quifas Solution
Quifas is an innovative cryptocurrency exchange, which will eliminate current market problems. Users will have access to a very intuitive interface on the platform, and exchange staff will provide efficient support services linked to all questions. Support will be provided in user-friendly language.
The integration of the latest technology 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 at peak loads.
In addition, Quifas is concerned about the security of its users and takes all necessary measures to protect their funds from hackers and scammers.
All of this is combined with unique and new solutions that enable Quifas to be one of the best exchanges in the market.
The purpose of Quifas
Quifas's goal is to create an innovative crypto exchange with the most user friendly work algorithm, which ensures high security and allows millions of transactions per second.
Quifas function
The Quifas Exchange is built to handle all the issues mentioned above, which are faced by most of the current cryptourrency. The main purpose of this platform is to improve and facilitate the user experience.
Quifas Exchange will provide the following solutions:
Exceptional Customer Service - Quifas's main focus will be the customer experience. We will try to resolve any issues within 24 hours or less. We will provide multilingual support and teams that are scattered around the world, ready to address any issues that users may encounter.
Liquidity - Quifas will provide large liquidity for traders, thus minimizing slippage in execution of trade prices. This will be possible thanks to partnerships with industry leaders.
Security Improvements - Quifas Exchange is custom-made, and will be hosted in a secure cloud environment and monitored around the clock by cyberspace security experts.
Upgrade Account Immediately - At this time, most users have to wait for days or weeks to get their account passing account verification and upgrades. Quifas Exchange will complete account verification within 24 hours or less.
Unlimited Withdrawal - Many users face daily withdrawal limits. Once the account is verified, the user will enjoy unlimited withdrawals.
Scalable Infrastructure - Platform technology is designed to be scalable so as to accommodate a large increase in new user enrollments without closing down registrations while still providing outstanding customer support.
Ultra Fast Matching Engine - Quifas is built on one of the most advanced technologies and is capable of handling 2.5 Million transactions per second. An order matching machine can make transactions in less than a millisecond. It is highly scalable and capable of supporting millions of users simultaneously.
Cross Platform Support - Recent trends indicate that more users are using key mobile crypto exchange applications in addition to web platforms. In addition to its highly sophisticated web platform, Quifas Exchange also supports fully functional Android and IOS apps. Users can trade directly from their mobile phone easily.
API Support - Quifas Exchange has a backend API service that iOS and Android devices can use. Users can leverage APIs to create, modify, and integrate accounts as needed.
Advanced Trading Features - One of the most competitive features of the Quifas platform is the ability to stop stop orders and take advantage at the same time. Another feature presented by the platform is the creation of Auto Stop Loss to gain maximum profit potential after Take Profit Level is reached.
News Section - The platform has integrated the news section where users can get the latest and hottest news about their favorite emergency crypto. There will also be a chat section where users can share ideas and strategies.
Generation of Income
Quifas will apply the following Revenue Structure to the non-quifas token holder:
Token Sale
The Quifas Tokens (QFS) - The evidence issued by Quifas Exchange will have a maximum supply of 200 million. The Quifas sign is an ERC 20 token issued on the Ethereal Blockchain and will be supported by all Ethereal wallets.
Benefits Token
1. Zero Trade Fee
Zero Trading Fee for all Purchases with Token Token Token Tokens QFS holder will be able to use Quifas Token (QFS) to purchase other crypto assets such as Ethereal, Bitcoin, Ripple, etc. on Quifas exchange with ZERO TRADING COST FOR LIFE.
For example: Purchasing 1 ETH by using QFS token will be charged ZERO TRADING COST. Purchasing 1 BTC using QFS token will be charged ZERO TRADING COST.
Trade Discount for Non-QFS Token Transactions
The holder token will be able to pay a trading fee for the purchase of a non-QFS token at a large discount if fees are paid using QFS Tokens.
The proposed initial discount structure is as follows:
* Year 1 - 60% Year 2 - 30% Year 3 - 15% Year 4 - 7.5%
Discount structure can be adjusted based on prevailing market conditions.
For example: BTC purchase with ETH on platform.
This usually should attract 0.1% Fee but if the trader decides to pay the fee using a QFS token, they will get a 60% discount of 0.1% Fee in Year 1. Therefore pay 40% of Fee 0.1% and save 60%.
For example: The purchase of 1,000 BTC with ETH is as follows:
Normal Fee (Non QFS Tokens Pmt): 0.1% * 1000BTC = 1BTC
Discounted Fees (with QFS Token Pmt): (100-60) * 0.1% * 1000 BTC = 0.4BTC
Selection of New Coins Registered
Our platform is focused on serving the needs of the people, therefore the QFS Token holder will have a statement about which coins are listed on the exchange. For example, every first day of every month, users will be asked their opinions about the list of coins they want to get on the exchange. Recommendations will be considered on the selection of coins to be listed on the exchange.
Publishing and Distribution Token
50% Token Sale Participant
20% Founder and Team
15% Reserve Fund
10% Angels of Investors
5% Bounty and Advisors
Tokens Name QFS
QFS token price $ 0.40 (1 QFS = $ 0.40)
Max Supply token 200.000.000 (two hundred million)
Payment Methods Bitcoin (BTC), Ethereal (ETH)
Minimum Contribution 0.1 ETH
Distribution of Token Date No later than 30 May 23:59:59 (UTC-4)
Stage 1: Pre-ICO
Stage 2: ICO
Note:
Adjustable adjustments: Unsold and unfilled tokens will be destroyed. Further tokens tokens: No, one token only via ICO Only After reaching hard cap, ICO will end soon.
Founder of Token Vesting Plan
The tokens allocated to Quifas founders and team members will get the same amount of 25% over the 2 Year period. The founder did not get the tokens until after 6 months after the ICO.
End of 6 Months
25% Token
End of 12 Months
25% Token
End of 18 Months
25% Token
End of 24 Months
25% Token
Vesting Adviser Plans are as follows:
End of 6 Months
50% Token
End of 12 Months
50% Token
Use of Funds
The exchange will use the funds collected during tokensale as follows:
Development of the Quifas Platform
40% of the funds generated during token sales will be used for the development of the Quifas exchange platform. This will enable us to build a world-class, scalable and highly secure platform with an easy-to-use interface that will support multi platform platforms such as Web, iOS, Android on PC, Mac, Tablet and Smartphone while offering unique features like trailing stops. , following profit targets, entering together with buy orders, stop loss and take profit, market news section.
Marketing, PR and Branding
30% of the funds generated during the sale of tokens will be used for public relations and branding market marketing. This will help acquire new customers, and their retention.
Liquidity Fund
20% of funds generated during the sale of tokens will be recorded as contingent and other unforeseen or unexpected costs that may arise.
Law
10% of funds generated during the sale of tokens will be held to obtain ongoing legal advice.
Bonus Sales Token
Min purchase: 0.1 ETH
Roadmap
Oct 2017: Team Assembled for Project Beginning
Feb 2018: White Paper Released
March 2018: Launch of ICO
June 2018: Launch Quifas Cryptocurrency Exchange with Global Marketing
Sept 2018: Launch of Mobile Platform
December 2018: List 100 Cryptocurrencies in Exchange
Jan 2019: Multilingual Support Expansion in France, Germany, Korea, China, etc.
December 2019: Become the Top 10 Cryptococcal Exchange in the World
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Name: dhavid19
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