QUICKX PROTOCOL - Cures Many Fatal Mistakes That Prevent Cryptocurrency Bulk Adoption

Hello everyone, If you're interested in joining QuickX projects, it's a good idea to read reviews that can help you get information that might help you in viewing their mission vision:

ABOUT QUICKX

QuickX is a novel protocol designed specifically to cure the many fatal flaws that are hindering the mass adoption of Cryptocurrencies today. It performs transactions off the chain for same Blockchain assets and utilizes pooling facilitators who supply liquidity for cross chain transfers of crypto assets. Through this, it accelerates the transaction speed greatly, dissolves the interoperability problem between different Cryptocurrencies, relieves the transaction fees and also solves the issue of scalability.

No more prolonged waiting times; with QuickX, it is now possible for you to make instant transactions for all your Blockchain assets.

COMPANY BEHIND QUICKX "SECUGENIUS"

Secugenius is an innovative information security services and solution provider organization. It is an organization that aims to leverage extensive knowledge and experience in security to help build advance security enterprises ensuring risk free IT growth. We develop information security solutions through advisory, engagement and remediation to secure and respond to cyber threats in infrastructure and technology stack. Our client list includes companies across verticals such as Government departments, banks, telecom, software companies, manufacturing and trading units, e-commerce etc. Our consultants possess the requisite industry certifications, but more importantly they are equipped with a wide range of skills covering different technologies and environments.

Clients

How it works – On Chain vs. Off Chain Transactions

Currently, should a user want to transfer cryptocurrency, the user must wait until the transaction is confirmed by the blockchain. This wait time can be anything from minutes to hours, depending on the network load. QuickX overcomes this problem by setting up a decentralized off-chain transaction network, where cryptocurrencies can be instantaneously transferred from one person to another.

In the case of a typical on-chain payment platform, a transaction goes through following steps :

1. The first party (maker) adds an offer
2. Smart contract takes the relevant tokens to into escrow
3. The second party (taker) picks the offer
4. Maker sends requested tokens
5. Taker receives the offered tokens

The proposed QuickX platform’s off-chain solution will allow :
• Thousands of transactions per second, with no requirement of confirmation;
• Very low commissions, which will allow micro-payments;
• Instant payments, as users do not have to wait for the miners to confirm;
• The ability to swap/exchange cryptocurrencies instantaneously

In particular, the low transaction costs arise due to the creation of external channels off the chain between two people who want to exchange cryptocurrencies.

It works as follows: at the beginning, both users insert an amount to open a channel, or a ‘common fund’, which is managed off-chain. Everything that happens through this channel until it is closed, does not appear on the blockchain and therefore, it need not be written in the blocks. Therefore, it does not need the miner’s confirmation, and users do not have not to pay the node-based transaction fees.

Advantages for QuickX Users

QuickX can be easily used for C2C, B2C, and B2B transactions. For instance, QuickX enables a customer to use any cryptocurrency to make purchases online or offline just like other electronic payment methods.

• Lower costs for users: The least cost option is selected by default for users by the algorithm. The transaction costs are expected to reduce over time when more and more pooling facilitators join QuickX. It is possible that in the near future, the costs become almost zero.
• Instantaneous transactions: Transactions are made instantaneously regardless of the amount, irrespective of whether they are cross-chain.
• Multi-cryptocurrency: Users can hold any QRP-compatible blockchain asset and can convert it to another cryptocurrency at any time.

Investment opportunity: Pooling facilitators can earn by investing in QuickX. In addition, large-scale investors can lend money to the analyst team and earn a profit; cryptocurrency managers can work on behalf of other pooling facilitators and earn a profit. Pooling facilitators are paid for every transaction and operational costs are next to zero.

• QuickX is committed to providing equal opportunities to participants in the ecosystem.
• Negligible operating costs: Actual transaction costs are expected to become negligible since transactions are not added to the blockchain under normal circumstances.
• A global market: QuickX can expand globally without the need of any physical presence. This can open the door to new markets that are not currently touched by traditional systems.
• Potential for new services: Similar to the internet paving the way for many new business models, QuickX could also be used for innovations by visionary entrepreneurs that could bring unforeseen advantages to communities.
• Trust and security: Pooling facilitators perform all transactions in a decentralized manner. However, the core infrastructure of QuickX remains blockchain, and the users themselves hold private keys of the crypto assets.
• Total control: Users have full control over their crypto assets.

QuickX features a multicurrency wallet, a multicurrency debit card, a cryptocurrency swap option, and a payment gateway using QuickX protocol, the applicability of which in the real world is discussed below.

Advantages for QCX Token Holders

• In addition to the above benefits, following extra benefits are available exclusively for the token holders:
  Cashback loyalty program: QuickX card customers earn up to 2% cashback on total transaction value on every purchase. This is an exclusive loyalty program for token holders, which is much better than most of the regular card loyalty programs.
• Zero Card Issuance Fees: Card issuance fees will be waived off for the participants in the token sale, allowing them to have QuickX cards for free.

In addition, token holders will be given priority in issuing the cards with free expedited shipping.

1. System Components and their Applications
2. Multicurrency Wallet
3. Multicurrency Debit Card
4. Cryptocurrency Swap
5. Payment Gateway

Token Economics

QuickX will issue an Ethereum ERC-20 token in order to raise funds for the development of QuickX platform. The token is to be listed for trading on all major exchanges soon after the Token Sale.

Token supply and distribution

QuickX token (Symbol: QCX) will have a total supply of 500 million tokens distributed as follows:

Bonus On Tokens

First 50% Of the tokens will be sold at 15% Bonus ( Public Pre Sale), Next 25% of the tokens will be sold at 10% Bonus and last 25% of tokens will be sold at 5% Bonus.

Token Price
The price is set to be at 1 ETH = 7500 QCX. Only ETHEREUM can be used to purchase tokens

Fund Allocation or Use of funds

Development Roadmap

Given below are the key milestones in the QuickX development and implementation, both those of the past and those projected into the future

Achievements thus far

• 2016 Q3 Started research in blockchain
• 2017 Q1 Planning of Business Module and Resource Team Allocation
• 2017 Q3 Patent Filed for the Technology (QuickX)
• 2017 Q4 Raised $1.2 Million from Investors to work on QuickX Protocol

Planned for 2018

• 2018 Q2 MVP Launch (Decentralized Multi Currency Wallet- Android Version)
• 2018 Q3 Token Sale (Launch of Fully Functional Multi Currency WalletAndroid
  Version)
• 2018 Q4
  QuickX Platform Testnet Launch (Internal)
  Launch of Multicurrency Wallet (iOS version)
  Launch of Multi currency Crypto Debit Card

Planned for 2019

• 2019 Q1 Security Testing and Auditing of QuickX Platform Testnet Public Launch on Testnet
• 2019 Q2 Launch of V.1.0 on Mainnet with Public Liquidity reserve and Platform will be open for Pooling Facilitators to infuse Liquidity Addition of More Cryptocurrencies in Wallet and enhance User Experience
• 2019 Q3
  QuickX SDK and tools available for different wallets to implement and use features of QuickX protocol Partnership with more card providers in different
  countries to increase user base
• 2019 Q4
  Instant Cryptocurrency Swap using QuickX Protocol Market Expansion and bringing more Blockchains to QuickX Platform

To find out more. You can connect more with QuickX at the link below:

WEBSITE: http://www.quickx.io/
WHITEPAPER: https://www.quickx.io/whitepaper/QuickXProtocolv1.7.pdf
FACEBOOK : https://facebook.com/quickxprotocol
TWITTER: https://twitter.com/Quickxprotocol
TELEGRAM: https://t.me/quickxprotocol
YOUTUBE: https://www.youtube.com/channel/UCkYu-Dn1O3tRe9Z4ao-snkw

BitCointalk username: Aray80
Profile link: https://bitcointalk.org/index.php?action=profile;u=1324910