Hello friends all still with me Ade prayoga. This time I will provide information about a very interesting project for you to know about in a new cryptocurrency called QUUBE EXCHANGE. Before heading to the discussion, I think we all agree that blockchain technology still needs efforts that encourage adoption to continue to grow and continue to grow in the future.
Introduction
The world is changing fast. New technology, which existed only in the imagination of fantasy writers, cuts our lives. The computer age began less than 80 years ago and today almost every family has several processor devices that are much faster than the first multi-stage computing machine. The tools are related to building local and global networks, demonstrating extraordinary capabilities in data collection and processing, achieving previously inaccessible levels of comfort for users.
In 1965, Intel co-founder Gordon Moore observed that computer capacity doubled every two years. Such an interesting dependency is called "Moore's Law". The law has been followed up until 2011 in traditional computers industry becomes the dominant technical task for all market participants. In 2011 the computer production industry faced a problem of physical limitations. Synchronous operation of the processor with a large number of transistors cannot be guaranteed.
Cryptocurrency exchanges
Market overview
Cryptocurrency exchange is a platform where cryptocurrency market participants can buy and sell their crypto assets at a specified rate. Cryptocurrency exchanges are suitable for trading as stock exchanges allow to benefit from currency fluctuations. The cryptocurrency volatility is much higher than the fluctuations in the stock market so that the opportunities for traders to achieve large profits in a short period of time are several times higher.
Traders, miners, investors, and other people who need fiat currency exchange become the use of crypto one and vice versa cryptocurrency exchanges either to get profits or to exchange their funds to the necessary flows (fiat or crypto).
For getting possibility to exchange assets any user should undergo the following stages:
- Signing up (the procedure is the same as most other websites demand).
- Making deposit for trading or exchange. Cryptocurrency receiving is usually fee-free while fiat currency deposit demands commission payment.
- Creating of an order for buying or selling of particular currency. A user indicates desirable price he wants to buy or sell currency for.
In case of successive deal a user can either withdraw funds or keep them in a wallet for further operations.
Nowadays cryptocurrency exchanges charge huge commissions for transferring cryptocurrencies into fiat ones due to cryptocurrencies value losing. Traders try to withdraw their funds during the decline periods for not to suffer loses.
Today’s amount of cryptocurrency exchanges is more than 500 and it increases every month. The exact amount cannot be defined because of the absence of particular service for their placing. 218 cryptocurrency exchanges are placed on the popular service CoinMarketCap and several hundreds more may be found on other websites.
Moreover, there are some platforms, which are called exchanges, but objectively they are not providing just brokering services. Many platforms are accessible in particular countries only. Traded value on most cryptocurrency exchanges is small because of increasing of exchanges amount and relatively small number of crypto assets owners. The main part of total trading volume is divided among leading cryptocurrency exchanges that are included into top-10 world ranking. However some exchanges are intentionally overstating trading volume for their ranking boosting and new clients attraction.
Operation overview
Cryptocurrencies may be divided into 2 groups:
- Platforms where clients are able to exchange cryptocurrency into fiat one.
- Exchanges where one cryptocurrency may be exchanged into the other only.
The first type is more attractive from the point of view of profits earning. Speculative transactions bring profit in real money (fiat currency) while exchange of one cryptocurrency into another is profitable for their using in future or keeping as investments.
There exists one more division of cryptocurrency exchanges according to trade patterns.
Typology and working principles of the main crypto wallets
Crypto Wallet can be considered as a program developed for key management which is a multifunctional application that provides various additional services and technical capacities. Their functions go beyond the scope of simple cryptocurrency storage.
All crypto wallets can be divided into groups according to various criteria: security level, cryptocurrency storage peculiarities, number of cryptocurrency available, etc.
The main types of crypto wallets
The main types of crypto wallets are the following:
- Hardware wallets (Ledger, Trezor, KeepKey, Cool Wallet, Digital Box). Those devises provide local private keys generating excluding possibility of their transferring anywhere. Special protected chips are used for the system protection from cracks and software viruses. Transactions are confirmed by PIN and special mnemonic phrase is generated for access restoration to a wallet.
- Paper crypto wallets. They are public Bitcoin addresses and private keys printed in the form of QR code and a combination of numbers and letters. The wallets are generated on special services (bitaddress.org). Local wallets. Safe method of cryptocurrency storage that gives a user complete control over his assets because private keys are generated and stored on user’s local devices. There pointed out two types of local wallets.
- Large weight wallets. Those ones download network blockchain on your devices after being installed and launched. Their downloading takes much time and moreover such wallets demand much storage space on computers’ hard disks. The most popular crypto wallets of such type are Bitcoin Core, Ethereum Wallet.
- Light weight wallets. Crypto wallets of this type are online platforms having own servers and therefore blockchains downloading onto user’s devices is not demanded. The wallets are rapidly synchronized and easily used. Exodus, Electrum and Jaxx are among the most popular light weight wallets.
Online-wallets are specialized websites and services where a user may store, transfer and receive cryptocurrencies. Cryptocurrency exchanges also belong to this category. Online wallets are suitable for trading and transactions of small volume.
ryptocurrency Wallet Structure
The total number of crypto wallets for one cryptocurrency reached 28.2 million (at the time of review).
At the same time, the number of crypto wallet users is less than the number of crypto wallets themselves. According to research data, more than 70% of crypto wallets are not used (some have lost access to assets sent in crypto wallets). Meanwhile, many crypto asset owners have several crypto wallets of various types and again crypto wallets for storing other digital assets.
Summary of QRP tokens
QRP tokens are selected for the initial bid. The token is planned to be launched on the ERC-20 standard using Ethereum blockchain. The QRP token has a token function utility that is used for stock lotteries provided for service STO / IEO. There will be no other way besides QRP token.
Price of Tokens: $ USD 0.5
There are plans to launch a QRP token: s250 million
Fuel for STO / IEO: utility type
There is no locking period
For sale on the QRP platform: 175'000'000
Date: September 2019
Tokenomik
ICO is expected to attract investor funds to launch the STO / IEO campaign. The stored token is locked during the assessment and promotion period before the distribution date. Staked is required for all tokens, including supported assets or non-assets. The minimum bet is 1500 USD which is 0.3% of the lowest capital equivalent to 500,000 USD which is allowed to be offered.
70%: STO / ICO-IEO Platform Services
20%: Marketing
10%: Team
Expected allocation of funds during ICO is illustrated by the following scheme
40%: Blockchain R&D & Development Lab
30%: Exchange software
20%: hosting the Quantum key distribution
5%: Marketing
5%: Margin Trading Terminal
ROADMAP QUUBE
2014: Development of an exclusive trading terminal
2015: Development of the C-Sharp Trading System and Matching Machine
2016: Development of the Crypto Exchange terminal
2017: PRO Trading Platform
2018 Q: Quantum Technology - Implementation of the QKD System
2018 Q2: QUUBE RELATIONS Foundation
2019 Q2: Presentation of Quantum & Roadshow Exchanges
2019 Q3: Development of a quantitative-resistant ERC20 blockchain launch
2019 Q2-3: QUUBE Exchange STO Launchpad
2019 Q4: The QUUBE Exchange STO / IEO service starts
2020 Q2: Presentation of Quantum Resistant Blockchain Protocol, Swap Tokens
2020 Q3: QUUBE PRO STO Trading & AI Terminals
Conclusion
Based on the data and facts seen, QUUBE Exchange is very good to be reviewed and invested. This is based on the reality for now, many projects are not good, and makes all those who invest a lot of questions about their certainty and truth, so if you want to invest in this project, you should read all about the article that I made, so you can find out more about this ICO project from them.
To get more relevant details from the QUUBE Exchange project or to join social media and the sales crowd, please follow a few sources for the following references:
Author: dey90
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