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Token: QCX


Quickest Cross Blockchain Transactions

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Registrated in: Gibraltar

Platform: Ethereum
Type: ERC20

PREMIUM ICO

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Platform
Video
Quick token sale
KYC passing required No | Whitelist No | Restriction for countries USA
Soft cap 4,000 ETH
Hard cap 29,123 ETH
Tokens for sale 250,000,000
Token distribution in ICO
50%
50%
Minimal investment 0.1 ETH
Acceppting ETH
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Table of Contents
1
Overview............................................................................................................
3
2
C o m p a n y B e h i n d Q u i c k X . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
3
The Problem......................................................................................................
5
3.1
Time and Speed
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5
3.2
Transaction Cost
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5
3.3 <...

1
Overview
QuickX
is an innovative, decentralized platform that is intended to provide effective
solutions to some critical problems with blockchain technology. These include
time, cost, scalability, and cross-transfer of blockchain assets, while making cryptocurrencies
suitable for mass adoption in day-to-day transactions, at the same time providing solutions to
enterprises.
Similar to traditional electronic transfer mechanisms, QuickX provides instant, seamless
transfer of different cryptocurrencies between two parties. This transfer occurs without users
having to pay a high network fee; the utilization of pooling facilitators who facilitate cross-chain
transactions instantaneously, drastically reduces the costs.
QuickX features a multicurrency wallet, a multicurrency debit card, a cryptocurrency swap
option, and a payment gateway using the QuickX Protocol. These features make cryptocurrencies
viable in non-virtual global transactions suitable for the masses
Although it is u...

2
Company Behind QuickX
QuickX is a project of
Secugenius
, a leading
cybersecurity company established in 2010. Its
global operations are part of a mission to help
businesses fight cybercrime, protect data, and
reduce security risk. It provides information risk
assessment and digital security services. Within
its first two years of operation, Secugenius was
able to attract a clientele of over 200 companies
from around the world.
Silicon India named Secugenius one of the top
five cybersecurity companies in 2015, and one
of the top five cyber forensics companies in
2016.
Secugenius started its research into blockchain
technology in 2016, and later came up with the
concept behind the QuickX platform. This was
followed by a patent application for the QuickX
protocol. In Q3 2017, it successfully raised USD
1.2 million from a group of angel investors to
develop the QuickX platform.
In 2017, Secugenius was named one of ...

3
The Problem Statement
QuickX identifies the following problems, within existing blockchain ecosystems that
can hinder the mass adoption of blockchain assets as a medium of exchange for day-to-
day transactions:
3.1Time & Speed
Blockchain transactions are recorded in the blockchain as blocks. Most blockchain protocols
have a limited block size, and take a certain amount of time to generate a block. For instance,
Bitcoin blockchain takes an average of 10 minutes before a transaction receives a network
confirmation. Ethereum takes 10 to 19 seconds.
This places technical limits on the number of transactions that the blockchain can process per
second. For instance, Ethereum can process 20 transactions per second while Bitcoin manages
just 07 transactions per second. Conversely, most traditional centralized systems are much
faster than decentralized systems. For example, Paypal manages 193 transactions per second
1
and Visa can manage up to 56,000 transactions
per secon...

Scalability on this level is impractical; expanding the blockchain would increase the
need for processing power, storage, and bandwidth at each node, and not all fully
participating nodes may be able to cope with the increased requirements.
3.4 Cross Chain Transfers
Due to different blockchains having different protocols, there are limited ways in
which communication between two can take place. For instance, should a sender who
owns crypto assets in the Bitcoin blockchain want to transfer assets to a receiver on the
Ethereum blockchain, the sender would first need to convert the Bitcoin crypto assets
into Ethereum crypto assets. At that point, the sender may be required to transfer the
Ethereum crypto assets to a wallet that supports it. Only then will the sender be able to
transfer the assets to the receiver. This process is often tedious, time-consuming, and
costly.
It is often said that connecting different blockchains would be key to mass adoption
of blockchain ecosystems that is compara...

We propose to build a backend exchange, and to provide payment API’s that
instantaneously convert users’ cryptocurrency in a cryptographically secure manner.
QuickX aims to change the status of cryptocurrency from a share-like object to real,
spendable currency that appeals to the masses. It provides an instant payment option
for the users while opening up new untouched segments of business for the pooling
facilitators, as discussed later in this document.
In real-world applications, QuickX provides transfer of blockchain assets of different
blockchain protocols between two parties instantly, just like traditional electronic
transfer mechanisms. Additionally, it will provide a decentralized, cheaper method for
people to buy goods and services using their cryptocurrencies.
4.2
How it works – On Chain vs. Off Chain
Tr a n s a c t i o n s
Currently, should a user want to transfer cryptocurrency, the user must wait until
the transaction is confirmed by the blockchain. This wait tim...

The QuickX transaction process is described with the following example involving
two users, Alice and Bob:
1. Alice and Bob decide to open a common pooling channel in which they put
BTC each.
2. This channel gets subscribed on blockchain containing 4 BTC and since at
this moment, every exchange between Alice and Bob is off-chain.
3. Alice decides to transfer 1 BTC from common pool to Bob. She performs a
commitment transaction from the common fund, which she signs.
4. Bob decides to send 1.5 BTC from the pool to Alice, and proceeds with similar
process.
5. Alice decides to further send Bob 2 BTC, and proceeds once again with the
commitment transaction process.
6. At the time the channel is closed, Alice and Bob will have 0.5 BTC and 3.5 BTC
respectively..
Each transaction in the outlined process is completed instantaneously, just like a
traditional electronic payment system. In addition, every operation is done off-
chain. Therefore, the implementation of QuickX resolves ...

Figure(4.3): Transaction Facilitators
Transaction facilitators and decentralized exchanges –
Given the way transaction facilitators function within the QuickX protocol, it would be
quite beneficial for existing decentralized cryptocurrency exchanges like EtherDelta,
Ox etc. to become part of a larger ecosystem, which would help them significantly
increase their market reach.
4.4
Pooling Facilitators
The backbone of QuickX’s interoperability lies in its pooling facilitators. As shown in
Figure 4.4, pooling facilitators enable instant interconnection among different
blockchain protocols such as Bitcoin, Ethereum, Monero, Dash, or any ERC20 token,
through the use of a liquidity reserve.
They infuse the necessary liquidity into the ecosystem while facilitating the cross-
chain instant fund transfers. A pooling facilitator in the liquidity pool can make
transactions for users and can ask for a loan from any other pooling facilitator
within the pool. The QuickX pooling facilitat...

Quick Roadmap

1
2016 Q3
Started research in blockchain.
2
2017 Q3
Patent filed for the Quickx technology.
3
2017 Oct
Launched beta version of multicurrency wallet- Android app.
Raised $1.2 Million from an angel group.
4
2018 Jan
Security testing and auditing of smart contracts was held.

5
2018 Q2
Token Sale.
6
2018 Q3
Multicurrency wallet (Android version).
7
2018 Q4
Crypto debit card supporting multiple currencies.
Multicurrency wallet (iOS version).
8
2019 Q1
Adding more currencies to the wallet.
9
2019 Q2
Quickx Protocol alpha version launch.
10
2019 Q4
Quickx Protocol- being fully functional and operational.
11
2020 Q1
Currency swap using Quickx Protocol.
12
2020 Q2
Integration of more payment methods with Quickx Protocol.
13
2020 Q4
Bringing more blockchain protocols onto the platform.
Jason H. Jung
Jason H. Jung CIO at KCX Exchange

Sang Jae Seo
Sang Jae Seo CEO of PayX

Kshitij Adhlakha
Kshitij Adhlakha Founder and COO

Vaibhav Adhlakha
Vaibhav Adhlakha Founder and CEO

Viv Thapar
Viv Thapar Growth Hacker

Sachin Rana
Sachin Rana Digital Marketing Head

Tom Cheung
Tom Cheung China Community Manager

Illia Horodetskyi
Illia Horodetskyi Community Manager

Sunny Ukeachu
Sunny Ukeachu Africa Community Manager

Suki Chendrawan
Suki Chendrawan Bussiness Head South East Asia

Andrii Syliuk
Andrii Syliuk Bounty Manager

John Dalli
Advisors John Dalli Former Finance Minister (Malta)

George Kimionis
Advisors George Kimionis CEO of Coinomi

Jorge Sebastiao
Advisors Jorge Sebastiao CTO Ecosystem at Huawei Technologies

Oz Sultan
Advisors Oz Sultan Head of Crypto Products at CG Blockchain, Board Member of Homeland Security Foundation of America

Yaroslav Belkin
Advisors Yaroslav Belkin CMO NEWSBTC , Former Head of Marketing at CoinTelegraph

Steve Tsao
Advisors Steve Tsao Angel Investor , CEO - WGG.com, President Gigamedia (listed in NASDAQ)

Mourad Redjah
Advisors Mourad Redjah CEO Smart Chain Technology

Jeremy Wade
Advisors Jeremy Wade Founding Director of Jindal centre for Social Innovation

Adnan Javed
Advisors Adnan Javed Mentor at RMIT University for Developing Blockchain Strategy

Adnan Javed
Adnan Javed
Mentor at RMIT University for Developing Blockchain Strategy
Legal Advisor
Blockchain Advisor
Blockchain Advisor
Blockchain advisor at Sapien. Coalichain Ambassador in Australia.
George Kimionis
George Kimionis
CEO of Coinomi
ICO Advisor Founder & CEO at Coinomi
Adviser
Founder and CEO at Coinomi
Jorge Sebastiao
Jorge Sebastiao
CTO Ecosystem at Huawei Technologies
Lead Advisor
Advisor – CISSP, ISO27001 Lead Auditor, ITIL, ISP
Advisor
Kshitij Adhlakha
Kshitij Adhlakha
Founder and COO
Advisor
Mourad Redjah
Mourad Redjah
CEO Smart Chain Technology
Founder & CEO
Sang Jae Seo
Sang Jae Seo
CEO of PayX
CEO, Payx
CEO & Founder
Tom Cheung
Tom Cheung
China Community Manager
International Relations Advisor
Vaibhav Adhlakha
Vaibhav Adhlakha
Founder and CEO
Advisor
Yaroslav Belkin
Yaroslav Belkin
CMO NEWSBTC , Former Head of Marketing at CoinTelegraph
PR-Marketing
Head of Marketing Events, Cointelegraph
PR / Marketing