QUIFAS EXCHANGE

QUIFAS EXCHANGE - Innovative Cryptocurrency Exchange

Well, this new post I'm going to introduce about the Quifas Exchange project, and for more details let's just go straight to the following:

Introduction 

The high cryptomarket volatility allows investors and merchants to attract huge profits. This attracts a steady stream of new "players". Consequently, the number of users on the kriptocurrency exchange is always increasing. In addition, new cryptassets appear on a regular basis. Since the introduction of the blockchain, their growth has become exponential. As a result of increased trade demand, many cryptocurrency exchanges are unable to handle volume increases, especially at peak times. Others lose their competitiveness due to changes in market conditions.

News outlets regularly stream information about different cryption exchanges. The main issues exchanged are: 

Scalability difficulties. 

Bad protection from hackers.

At the same time, analysts and urethers suffer. The main issues they face are:

Trouble with registering on the exchange. 

Low quality and service speed. 

Limited Liability.

Solving this problem is the main task of the new Quifas cryption-questionnaire. We are developing a quality solution that allows 2.5 million transactions per second. There is no registration limit on the Quifas exchanges. All user requests will be resolved as quickly as possible and in a user-friendly language.

In addition, Quifas cares about the safety of its users and takes all the necessary actions to protect their funds. Our specialists will monitor the system, eradicate, and prevent hacks on our exchange.

To enhance comfort, we built mobile apps for iOS and Android devices. They will allow kriptocurrency merchants to profit regardless of their current location. 

Quifas Mission - to allow anyone, from any part of the world to perform secure cryptasset transactions with just a few clicks. 

Quifas eliminates the shortage of existing solutions and presents its own innovative solutions to the market. This will allow it to take place among market leaders and advance from competitors.

Market capitalization

Its cryptographic center is expanding rapidly. Capitalization for 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 last five years.

In addition, new cryptocurrencies, or tokens, appear daily. 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 of obtaining financing.

Cryptomarketing capitalization will increase along with the popularity of ICO. Many cryptasset market capitalization is already in billions. At the same time, a thousand times the ROI that follows ICO or the creation of new crypts-cardiac is quite common.

The chart below (Figure 2) shows the market capitalization of the top 20 coins.

Trade volume 

The number of merchants and trading operations associated with the sale and purchase of cryptassets grows daily. The peak transaction volume is usually achieved during spontaneous raising or decreasing the cryptasset price. At such times, the burden experienced by the cardiac crypto exchange also increased significantly. It should be noted that the average daily trading volume has exceeded $ 20B.

Along with the growth of ICO's popularity, market capitalization will also increase. Many cryptasset market capitalization is already in billions. 

The chart below (Figure 3) shows the average trading volume of 24 hours with coins for December 2017 .

The burden of working on the exchange of cryptocurrency increases simultaneously with the volume of cryptasset trading, which has surpassed $ 1 Billion daily in each of the five largest bourses. The rapid increase in the number of new users has caused serious interference in the exchange function. 

The chart below (Figure 4) shows a 24-hour trading volume with 20 top kriptocurrency exchanges.

Conclusion 

As a result of this surge, there has been a huge demand for the kriptocurrency exchange platform by users in order to invest and / or traffic crypto. The current situation indicates that many leading key cryptographic exchanges have struggled in the face of a surge in demand for their services abruptly. For example, one of the largest exchanges added more than 250,000 users within an hour after temporarily restoring new user registrations while some added an average of 100,000 new users per day in the last quarter of 2017.

Some exchanges have revamped their systems to improve their scalability, while others paused to open new user accounts. Almost all exchanges should struggle with issues of outages and performance issues periodically over a 10-fold bitcoin price increase and other digital currency prices. This opens up a great opportunity to launch a new trading platform with unique functionality to help spike in demand.

Current problem 

To create a new kriptocurrency exchange that is able to take the leading position among existing competitors, careful analysis of their current problems has been made. 

It can be argued that almost all working cryptocurrency and their users have serious problems. 

As new investors flooded the market, the stock market is currently experiencing difficulties meeting huge demand and many of them close the door for new investors. 

Here are some of the main difficulties faced by today's exchanges and users.

Lack of Customer Service 

One of the main issues facing most current users is the lack of customer support. Most problems involving savings, withdrawals, or user interfaces may take days or weeks to complete. There is an example where the user gets a reply in a foreign language. 

For example, we can refer to an issue experienced by EXMO exchange users. Starting from the wrong actions of some exchange employees, the withdrawal of one user takes 48 days. The exchange even tried to pin the problem to his own client.

Inadequate Infrastructure for Scale 

Most of the exchanges have no infrastructure capacity to support hundreds of thousands of users added every day. 

In December 2017, even the largest cryptographic exchanges such as Bittrex and Bitfinex were forced to stop allowing new user registration. The entry of new clients is likely to cause them to experience serious system malfunctions.

Security Violation 

There are numerous examples of security breaches and DDoS attacks on most exchanges on a regular basis. There are situations in which millions of dollars of crypts have been stolen and never been found. 

For example, by the end of January 2018, the hacker broke the Japanese cryptic exchanges, Coincheck, and stole for more than $ 500 million worth of NEM3. Many investors and traders suffer severe consequences. Moreover, this event has a negative impact on the entire crypto market: almost all downgrade assets and decreasing capitalization.

Low Withdrawal Limit 

Many users are faced with a low daily withdrawal limit. This limits the user's ability to transfer funds.

This issue is well illustrated by the Bittrex4 exchanges. During November, many of its users could not pass verification, which resulted in a daily withdrawal limit of only 0.4 BTC for them.

Account Pending Upgrade 

Demand for account upgrades by users in most exchanges takes a long time. Users will have to wait weeks for their approved verification request. This is very limiting in terms of user access to the market.

For example, we can use the above Bittrex situation, where many users can not complete basic verification though. In addition, the support service ignores the messages related to this issue.

Furthermore, one of Bitcoin Core developers conducted a survey related to the verification time of5. One-third of the 1,700 surveyed persons passed verification in the week, 16% in a month, and 21% in more than two months.

Liquidity Issues 

Liquidity on some exchanges makes trading execution take longer than necessary, thereby causing users to experience fluctuations in prices and pending trade executions. 

This problem is very important during the early stage of the exchange operation. As soon as it launches, and along with a low number of users, open orders are closed after a long period of time. During high market volatility, the cost of order execution could change dramatically, up, up, or down. As a result, investors and traders face losses.

Inefficient Multilingual support 

The kriptocurrency market is global, as there are many users involved in it who are not fluent in English. Except for the number of exchanges chosen, the vast majority, the lack of multilingual customer support and user interface.

As a result, many investors and traders lose the profit potential of their investment and trading cryptasset, as they have no access to the exchange due to the limitations of foreign languages.

Quifas solution 

Quifas is an innovative cryptocurrency exchange, which will eliminate current market issues. Users will have access to a very intuitive interface in the platform, and exchange staff will provide efficient support services related to all questions. Support will be provided in an easy language for the user. 

The latest technology solution integration will enable Quifas to execute up to 2.5 million transactions per second. This will ensure that the system will operate at full capacity even at the peak load. 

In addition, Quifas cares about the safety of its users and takes all the necessary actions 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 bourses in the market.

Quifas's goal 

Quifas's goal is to create innovative crypto-exchange with the most user-friendly work algorithm, which ensures high security and enables millions of transactions per second.

Quifas function 

The Quifas Exchange is built to handle all of the above mentioned issues, which are faced by most current cryptourrencies. The main purpose of this platform is to improve and facilitate user experience.

Quifas Exchange will provide the following solutions:

Extraordinary Customer Service - Quifas's main focus will be a customer experience. We will try to resolve every problem within 24 hours or less. We will provide multilingual support and teams scattered around the world, ready to address any issues that the user may have.

Liquidity - Quifas will provide great liquidity to traders, thus minimizing skips in the execution of trading prices. This will be possible thanks to partnership with industry leaders.

Security Improvements - The Quifas Exchange is tailor made, and will be held in a secure cloud environment and monitored around the clock by cyber security experts.

Upgrade Account Immediately - Currently, most users have to wait for days or weeks to get their account passed verification and account upgrade. Quifas Exchange will complete account verification within 24 hours or less.

Unlimited Withdrawals - Many users face daily withdrawal limits. Once the account is verified, users will enjoy unlimited draws.

Scalable Infrastructure - Platform technology is designed to be scalable to accommodate large new user enrollment increases without having to close the registry, while still providing exceptional 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. Order matching machines can transact in less than a millisecond. It is highly measurable and capable of supporting millions of users simultaneously.

Cross Platform Support - Recent trends show that more users use mobile key cryption exchange apps in addition to web platforms. In addition to its highly advanced web platform, Quifas Exchange also supports fully functional Android and iOS apps. Users can trade directly from their mobile easily.

API Support - Quifas Exchange has a backend API service that iOS and Android devices can use. Users can utilize 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 the stop order 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 the Take Profit Level is reached.

News Parts - The Platform has integrated news sections where users can get the latest and hottest news about their favorite emergency crypts. There will also be a chat section where users can share ideas and strategies.

Generation Revenue 

Quifas will apply the following Income Structure to non-quifas token holders:

Token Sale 

The Quifas Tokens (QFS) - Evidence issued by Quifas Exchange will have a maximum supply of 200 million. The Quifas Markets are ERC 20 tokens issued on Blockchain Ethereal and will be supported by all Ethereal wallets.

Token Benefits 

1. Zero Trade Costs 

Zero Trading Fee for all Purchases with QFS Token Token Token holders 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 COSTS FOR LIFE.

For example : Purchasing 1 ETH using QFS token will be subject to TRADING NOL EXPENSE. 1 BTC purchase using QFS token will be charged TRADING NOL.

Trade Discount for Non-QFS Token Transactions 

The holder's tokens will be able to pay trade fees for non-QFS token purchases with a large discount if the fees are paid using the QFS Tokens.

The proposed proposed 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.

It should usually attract 0.1% Fee but if the trader decides to pay the fee using the QFS token, they will get a 60% discount from Fee 0.1% in Year 1. Therefore pay 40% of Fee 0.1% and save 60%. 

For example : The 1,000 BTC purchase with ETH is as follows: 

Normal Fee (Non QFS Tokens Pmt): 0.1% * 1000BTC = 1BTC 

Discount Costs (with QFS Token Pmt): (100-60) * 0.1% * 1000 BTC = 0.4BTC

New Registered Coin Choosing

Our platform is focused on serving the needs of the community, therefore QFS Token holders will have a statement about which coins are listed on the exchange. For example, the first day of each month, users will be asked their opinion about the list of coins they want to get on the exchange. Recommendations will be considered on the selection of coins to be posted on the exchange.

Token Publishing and Distribution

50% Token Sale Participant 

20% Founder and Team 

15% Reserve Fund 

10% Investor Angel 

5% Bounty and Advisors

QFS Name Token 

QFS tokens price $ 0.40 (1 QFS = $ 0.40) 

Max Supply token 200,000,000 (two hundred million) 

Bitcoin Payment Method (BTC), Ethereal (ETH) 

Minimum Contribution of 0.1 ETH 

Date Token Distribution May 30 23:59:59 (UTC-4)

Phase 1: Pre-ICO

Stage 2: ICO

Note : 

Customizable Adjustments: Unsold and uninvoiced tokens will be destroyed. Proof of further tokens: No, one token only through ICO Only Upon reaching the hard cap, the ICO will expire soon. 

Founder of Token Vesting Plan 

The tokens allocated to the founder of Quifas and team members will get the same amount of 25% over a 2 Year period. Founder did not get a token until after 6 months after 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

The Vesting Advisor Plan is as follows:

End of 6 Months 

50% Token 

End of 12 Months 

50% Token

Use of Funds 

The exchange will use funds collected during the tokensale as follows:

Quifas Platform Development 

40% of the funds generated during the token sale will be used for the development of the Quifas exchange platform. This will enable us to build a scalable and highly secure world-class 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 target, go along with buy orders, stop loss and take profit, market news section.

Marketing, PR and Branding 

30% of the funds generated during the token sale will be used for marketing public relations and exchange branding. This will help the acquisition of new customers, and their retention.

Liquidity Fund

20% of the funds generated during the sale of the token will be kept as a contingent reserve and other unexpected or incidental costs that may arise.

Law 

10% of the funds generated during the sale of the token will be held to obtain legal advice in progress.

Token Sales Bonus

Purchase min: 0.1 ETH

Road map

Oct 2017: The Team is Headquartered for the Project 

Feb 2018: White Paper Released 

March 2018: Launch of ICO 

June 2018: Launch of Quifas Cryptocurrency Exchange with Global Marketing 

Sept 2018: Mobile Platform Launch 

December 2018: Register 100 Cryptocurrencies on Exchange 

Jan 2019: Multilingual Expansion Support in France, Germany, Korea, China, etc. 

December 2019: Become the Top 10 Cryptococcal Securities Exchange in the World

To Get More Information And Join The Quifas Exchange Project filled with projects currently under construction, Please Visit Some Links / Sites Here:

Website: https: //www.quifas.com/

Facebook: https: //fb.me/QuifasExchange

Twitter: https: //twitter.com/QuifasExchange

Whitepaper: https: //www.quifas.com/static/ver112/pages/whitepaper/en.pdf

Telegram: https: //t.me/Quifas

Ann Thread: https: //bitcointalk.org/index.php? Topic = 2984649

User name : maryatibtc

Bitcointalk profile : 

https://bitcointalk.org/index.php?action=profile;u=1933617;sa=summary

Eth : 0x20e8ce56DB99EC437BD8218Ab29595E4289eAC43