The cryptocurrency fad and blockchain revolution is shaking the internet world out of its traditional reverie, no doubt. Offering delectable solutions for almost every kind of business or process that ever exists on the decentralized locales with frabjous benefits. Still my experiences can easily quote the blockchain world as a far-flung world, quite cut off from the regular net banking and online hullabaloo. Having once invested out of curiosity, a part of my savings into blockchain, I was disheartened with the cropping issues each time I wanted to convert or transact using my little kitty. There are several protocols and blockchain mediums that are tilting and setting different requirements. Scalability issues are rampant, transactions depend on the speed of the internet or compatibility of the platform. Slow transactions, heavy transaction fees while transferring blockchain assets are other issues. Jumping from one protocol to other or from one blockchain to another cannot be done instantly.
I had a harrowing experience with my crypto investments and felt relieved when I was back with my fiat money. Calling itself as the greatest internet disruption it is in dire need of a protocol that would cure many of the fatal flaws hindering its speed, feasibility, compatibility, and adaptability with the real world outside the realms of decentralization.
SECUGENIUS, an innovative security services, and solution provider organization has come up with a novel protocol solution to handle such shortcomings and hence, provide a robust platform in the form of QuickX. The company has strong links with government departments, banks and other organization as it provides them with information security solution.
What is QuickX?
QuickX provides a solution to the problems of scalability, cost and time by providing a decentralized platform that provides for off the chain transactions for same crypto assets with the help of pooling facilitators. These facilitators provide liquidity for cross chain transfer of crypto assets. These facilitators can lend among themselves as well thereby providing greater efficiency. The transactions are speeded up by a **more intuitive and user-friendly interface. **
The proposed platform will allow for **thousands of transactions per second with no requirement of confirmation, very low commissions with the ease for micropayments, instant payments being offline and the ability to swap cryptocurrencies instantly. **
What does it offer?
The platform will lead to the above-mentioned utilities through the following components:
- Multicurrency wallet and asset wallet provides complete control over the money through private keys. It can be assessed through an android app.
- The QuickX debit card allows the user to increase the value of money and to spend that money with ease of a swipe. It is an international debit card that can be used both online and offline just like a traditional debit card. It supports up to 10 cryptocurrencies with a 2% cash back as per loyalty bonus program. It allows ATM withdrawal in fiat as well.
- It provides swapping of cryptocurrencies at a negligible fee at the click of a button on the app.
- It offers a payment gateway as well for merchants to accept payments in cryptocurrencies almost instantly.
What are the benefits?
- Lower cost for users with costs becoming almost zero as more and more users join.
- Instantaneous transactions regardless of the amount and whether they are cross chained or not.
- It supports payments in various currencies.
- Facilitators can earn by investing in QuickX. Large-scale investors and managers too can earn a profit by contributing to the platform.
- It will provide a global market based on negligible operating costs.
- There is a huge potential for new services and add-ons on the platform.
- Being decentralized it assures the users of security and transparency of their transactions.
- Users have full control over their transactions through the wallet, debit card etc.
QuickX token and its ICO details:
QCX will be an ERC20 based token issued to raise funds for the platform. It will be further used to transact businesses on the platform and will be later on listed on the stock exchange for trading. A total of 500 million tokens will be issued out of which 50% will be up for sale in the ICO. 1 ETH=7500 QCX will be the exchange rate. Payments will be accepted in ETH. The soft cap is fixed at 4,000 ETH. The hard cap is fixed at 29, 123 ETH. Bonuses are available from 25% to 5% through four consecutive stages. The token sale will take place in the third quarter of 2018.
Concluding Verdict:
It has zero exchange rate, is cryptographically secure, and provides instant cross blockchain transfer at lighting fast speed. Overcoming the hurdles in blockchain related, payments, transfers, exchanges, and swaps it is sure to bring it into a mainstream phenomenon.
The users can access various utilities at negligible cost. The pool facilitators can enhance their pre-acquired liquidity and earn profits. Early bird bonus of up to 25% is available for the investors. They can act in the capacity of managers or facilitators to further earn profits. The platform intends at healing the core issues and the future based on its increasing popularity with reducing costs looks bright.
For more details visit:
Website: www.quickx.io
Whitepaper: https://www.quickx.io/whitepaper/QuickXProtocolv1.7.pdf
Telegram: https://t.me/quickxprotocol
Twitter: https://twitter.com/Quickxprotocol
Blog By: Lanirm Knayam
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1308391
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