QUIFAS
QUIFAS
QUIFAS EXCHANGE A Secure, Ultra-fast, Highly Scalable Innovative Cryptocurrency Exchange Built for the People
1. Introduction The high volatility of the cryptomarket allows investors and traders to draw enormous profits. This attracts a stable flow of new “players”. As a result, the number of users on cryptocurrency exchanges is always increasing. Besides that, new cryptoassets are emerging on a regular basis. Since the introduction of the blockchain, their growth has become exponential. As a result of increase in trading demand, many cryptocurrency exchanges are not capable of handling the increasing volume, especially during peak times. Others are losing their competitive edge in light of changing market conditions.
News outlets regularly stream information about problems of different crypto exchanges. The main issues that exchanges experience are:
Scalability difficulties.
Poor protection from hackers.
At the same time, cryptoinvestors and traders suffer. The main issues that they face are: Difficulties with registering on exchanges. Low quality and service speeds. Limited liquidity. Solving these issues is the primary task of the new Quifas cryptocurrency exchange. We are developing a quality solution that allows for 2.5 million transactions per second. There are no registration limitations on the Quifas exchange. All user queries will be solved as fast as possible and in a language comfortable to users.In addition, Quifas cares for the security of its users and is taking all of the necessary measures in order to protect their funds. Our specialists will monitor the system, root out, and prevent hacks on our exchange. For increased convenience, we are creating mobile applications for iOS and Android devices. They will allow cryptocurrency traders to gain profits regardless of their current location.
Quifas Mission – to allow anyone, from any part of the world to carry out secure cryptoasset transactions in just a few clicks.
Quifas eliminates the short fallings of existing solutions and brings its own innovative solutions to the market. This will allow it to take its place amongst market leaders and get ahead of competitors.
2. Market Overview
2.1 Market capitalization The cryptomarket is developing at a swift pace.
Its capitalization during 2017 grew by over 30 times, and towards the end of January 2018, it was over $500B. The chart below (Fig. 1) summarises the growth in cryptocurrencies market capitalization for the past five years.Besides this, new cryptocurrencies, or tokens, are appearing on a near daily basis. There’s already over 1500 of them. And their quantity will continue to grow in the future, since an increasing amount of projects are using ICO’s as a way of acquiring financing. The cryptomarket capitalization will increase alongside ICO popularity. The market capitalization of many cryptoassets is already in the billions. At the same time, a thousand fold ROI following an ICO or the creation of a new cryptocurrency is quite a common occurrence. The chart below (Fig. 2) shows the market capitalization of the top 20 coins.
2.2 Trade volume The amount of traders and trading operations pertaining to the sale and purchase of cryptoassets is growing on a daily basis. Peak transaction volumes are usually achieved during either a spontaneous increase or decrease of cryptoasset prices. In times like these, the load that cryptocurrency exchanges experience is significantly increased too. It’s worth noting that average daily trade volumes have already surpassed the $20B mark. Along with a growth in ICO popularity, the market capitalization will increase as well. The market capitalization of many cryptoassets is already in the billions. The chart below (Fig. 3) shows the 24hr average trading volume by coin for the month of December 2017.The workload on cryptocurrency exchanges increases together with cryptoasset trade volumes, which already surpassed $1 Billion daily on each of the five largest exchanges. The rapid increase in the number of new users has led to serious disruptions in the functionality of exchanges. This chart below (Fig. 4) shows the 24 hours trade volume by top 20 cryptocurrency exchanges
2.3 Conclusion As a result of this surge, there has been a huge demand of cryptocurrency exchange platforms by users in order to be able to invest and/or trade cryptocurrencies. The current state shows that many of the leading cryptocurrency exchanges have struggled in dealing with the abrupt surge in demand for their services. For instance, one of the biggest exchanges added over 250,000 users in one hour after temporarily restoring registration for new users while some added 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 have temporarily stopped opening new user accounts. Nearly all exchanges have had to grapple with periodic outages and performance issues during the more than 10-fold increasein the price of bitcoin and the price of other digital currencies. This opens a huge opportunity to launch a new trading platform with unique functionalities to help with the surge in the demand
Quifas Tokensale Platform: Ethereal (ERC-20 Token) Start token sale: March 9 Soft cover: 3 000 000 USD Token issued: 200,000 000 QFS token Hard cap: 35 000 000 USD Basic Price of 1 QFS tokens: 0.40 USD Payment Method : BTC ETH Minimum Contribution : 0.1 ETH Benefits of Token Holders The Zero Trading Fee Token holders will be able to use Quifas token (QFS) to purchase other crypto assets on the Quifas exchange with zero trading costs. Buyer Discount Fee Feeof QFS tokens are entitled to a discount on trading fees on the exchange. List of new coins Our exchange is focused to serve the needs of the people, therefore QFS Token holders will have a voice whose coins are listed on the exchange. Bonus Sales Token Distribution of funds collected Quifas Platform Development - 40%40% of the funds generated during the token sale will be used for the development of the quifas exchange platform. This will allow us to build a world-class, scalable and highly secure platform with a friendly user interface that will support multi platform platforms such as Web, iOS, Android on PCs, Macs, Tablets and Smartphones while offering unique features like stop trail, following profit targets , enters along with buy orders, stop loss and take profit, market news section. Marketing, PR and Branding - 30% 30% of funds generated during token sales will be used for public relations and branding marketing. This will help in the acquisition of new customers, customer retention. Liquidity Fund - 20%20% of funds generated during the sale of tokens will be recorded as contingent and other unforeseen or unexpected costs that may arise. target, simultaneous purchase order, stop loss and take profit, market news section. Legal - 10% 10% of funds generated during the sale of tokens will be held to obtain ongoing legal advice.
Meet our team Florian Boci - CEO
Florian is a serial entrepreneur and has more than 10 years of experience in the finance and accounting industries. Currently he is CFO Neveah Limited, an international commodity trading company. Florian has worked with the US Department of Housing and Urban Development (HUD) for more than five years and has helped fund more than 7,200 public housing projects. Florian is an active Crypto fan and investor. He holds a Bachelor of Science degree from George Mason University in Accounting and Management Information Systems.
Law Ibidapo - COO
Ibidapo is a serial entrepreneur who has established three companies and built two into leaders in their respective sectors. He is an international commodity trader with more than a decade of experience in making deals across the globe from North America to Asia. He is an active trader and investor of cryptocurrency. He has a Master's in Business Administration from Drexel University; he has also taken an executive education class at Wharton Business School.
Akinbiyi Akindoyin, PhD - CTO
Akinbiyi holds a PhD in Communication and Signal Processing from Imperial College London and Masters in Broadband Wireless and Optical Communications from the University of Leeds, UK. He has more than 4 years of experience in designing and implementing highly measurable data communications networks and has earned industry-recognized leading certifications including CCIE (data center), certified AWS solution architect, Implementing Microsoft Azure Solutions.
Warun Bubna, MBA - CMO
Warun holds an MBA in Finance and MS in Business Analytics from Drexel University. He has a broad background in operations leadership and has recognized excellence in process improvement and project management. He has been involved in team building and plays an integral part of the Enterprise Implementation team in managing multiple corporate projects simultaneously while playing the role of a primary administrator on service desk and project management software systems.
For More Info Visit:
Website: https://www.quifas.com/
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
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