Aug 11, 2018
QuickX 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.
QuickX features a multicurrency wallet, a multicurrency debit card, a cryptocurrency swap option, and a payment gateway. These features make cryptocurrencies viable in non-virtual global transactions suitable for the masses
Attention. There is a risk that unverified members are not actually members of the team
$29 651 956
$38 541 907
$3 210 000
QUICKX PROTOCOL is an innovative and decentralized platform that provides effective solutions to blockchain technology critical problems leading to scalability and faster cross-border transfer of blockchain assets while making cryptocurrency suitable for mass adoption in day-to-day transactions.
The platform use streamlines the need of cryptocurrencies in the crypto market and blockchain in ensuring faster and secure transactions. This makes the project viable and I would invest in it.
Strength and Opportunities:QuickX believes that connecting different blockchains is the key to mass adoption of blockchain technology in a comparable way as it was achieved by the TCP/IP protocol for connecting different intranets in the early days of the internet. There is a vesting scheme in place for founders and advisors. This means that the team can not immediately sell the tokens after the ICO. This provides an incentive for the team to deliver the promises as specified in the roadmap.Weaknesses and Threats:There are other cryptocurrencies that follow a similar approach as QuickX such as TenX or Comit. However, what makes QuickX different is the objective to implement instant cross-chain transactions through pooling facilitators. QuickX claims that it will be able to exchange crypto tokens faster, more secure and with lower transaction fees compared to Kyber Network and 0x. It remains to be seen if the technology developed by QuickX indeed will be able to deliver these superior characteristics compared to already established protocols like 0x and Kyber Network with multi million USD market capitalizations. One of the main problems that prevents cryptocurrencies from adoption as a mainstream payment method is the volatility of cryptocurrencies. Even if QuickX presents technical solutions that solve current problems with blockchain technology such as transaction fees and interoperability, it remains unclear how mainstream adoption will occur as long as the price volatility of cryptocurrencies is high. As research has shown users are reluctant to pay with an asset that fluctuates in value by 10% per day or even more.Verdict:The biggest challenge that is preventing cryptocurrency from mainstream adoption as a payment method is price volatility. This challenge is not solved by QuickX. In terms of interoperability of cryptocurrencies there are serious competitors for QuickX such as 0X and Kyber Network. It remains to be seen if QuickX can outperform these already established platforms as planned in the white paper once the QuickX network is launched in 2019.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.