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 the 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.
Quifas cryptocurrency exchange Quifas cryptocurrency exchange. We are developing a quality solution that allows for 2.5 million transactions per second. There is 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 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 the market leaders and get ahead of competitors.
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) summarizes the growth in market capitalization cryptocurrencies 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, as 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 is 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.
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 reached 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 average trading volume by coin for the month of December 2017.
The workload on cryptocurrency exchanges increase 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.
Token Sale
The Quifas Tokens (QFS) - The Quifas Exchange will have a maximum supply of 200 million. The Quifas token is an ERC 20 token issued on the Ethereum Blockchain and will be supported by all Ethereum wallets.
Token Benefits
1. Zero Trading Fee
Zero Trading Fee for all Purchases with QFS Tokens for Life Quifas token (QFS) to buy other crypto assets such as Ethereum, Bitcoin, Ripple, etc on the Quifas exchange with ZERO TRADING FEES FOR LIFE.
For example: Purchase of 1 ETH using QFS tokens will incur ZERO TRADING FEES. Purchase of 1 BTC using QFS tokens will incur ZERO TRADING FEES.
Trading Discounts for Non-QFS Token Transactions
Token holders will be able to pay trading fees for non-QFS token purchases at a great discount if fees are paid using QFS Tokens.
An initial 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: Purchase of BTC with ETH on the platform.
This should normally attract a 0.1% Fee but if the trader decided to pay the fees using QFS tokens they will get a 60% discount off the 0.1% Fee in Year 1. Therefore paying 40% of the 0.1% Fee and saving 60%.
For example: Purchase of 1,000 BTC with ETH will be as follows:
Normal Fee (Non QFS Tokens Pmt): 0.1% * 1000BTC = 1BTC
Discounted Fee (With QFS Token Pmt): (100-60) * 0.1% * 1000 BTC = 0.4BTC
Selection of New Coins To Be Listed
Our Platform is dedicated on serving the people's needs, therefore QFS Token holders will have a say on which coins get listed on the exchange. For example, every single day of the month, users will be asked for their coins. Recommendations will be considered on the selection of coins to be listed on the exchange.
Token Issuance and Distribution
50% Token Sale Participants
20% Founders and Team
15% Reserve Funds
10% Angel Investors
5% Bounty and Advisors
Token Name QFS
Price of QFS token $ 0.40 (1 QFS = $ 0.40)
Max Supply of tokens 200,000,000 (two hundred million)
Payment Method Bitcoin (BTC), Ethereum (ETH)
Minimum Contribution 0.1 ETH
Token distribution Date No later than 30th May 23:59:59 (UTC-4)
Stage 1: Pre-ICO
Stage 2: ICO
Notes:
Adjustable distribution: Unsold and unallocated tokens will be destroyed Further token issuances: No, a single token issuance via the ICO only Upon reaching the hard cap, the ICO will end immediately.
Founders Token Vesting Plan
The Tokens allocated to the Quifas founders and team members will vest in an equal amount of 25% over a period of 2 Years. The founders get no tokens until after a period of 6 months after the ICO.
End of 6 Months
25% of Tokens
End of 12 Months
25% of Tokens
End of 18 Months
25% of Tokens
End of 24 Months
25% of Tokens
Advisors Vesting Plan will be as follows:
End of 6 Months
50% of Tokens
End of 12 Months
50% of Tokens
Use of Funds
The exchange will use funds raised 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, highly secure, world-wide platform that will support multi-platforms such as Web, iOS, Android on PC, Mac, Tablets and Smartphones while offering traders unique features such as trailing stops , trailing profit targets, simultaneous entry of 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 branding of the exchange. This will aid in the acquisition of new customers, and their retention.
Liquidity Fund
20% of the funds generated during the token sale will be held in reserve for contingencies and other miscellaneous or unforeseen expenses that might arise.
Legal
10% of the funds generated during the token sale will be held for ongoing legal advice.
Token Sale Bonus
Min purchase: 0.1 ETH
ROADMAP:
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