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About QuickX Protocol

QuickX is a protocol that is created with the aim of changing the outlook of cryptocurrency. Its whitepaper states that the QuickX platform intends to transform the position of cryptocurrency from a share-like item to real tradable currency that can fulfill the demand of the masses.

QuickX is a decentralized platform that intends to offer effective solutions to some serious issues concerning blockchain technology. These problems may include scalability, cost, time, and cross-transfer of blockchain items. QuickX identifies these problems in the current blockchain ecosystem that has the possibility to hamper the mass adoption of various blockchain items as a source of exchange for daily transactions. QuickX seeks to build a decentralized platform that can offer a solution to speed, time, scalability, and cost by carrying out transactions off the chain for similar crypto assets.

QuickX features a multicurrency debit card, multicurrency wallet, a payment gateway, and a cryptocurrency swap. These features of the platform make cryptocurrencies feasible in the non-virtual mode of global transactions suitable for the masses. QuickX also provides different crypto-centric products like the mining watch and CNexchange. CNexchange is QuickX’s decentralized exchange through which users can exchange their desired cryptocurrencies from the available currencies.

The native token of the platform is QCX, which is built on the Ethereum blockchain and is an ERC20 token. QCX serves as the fuel for all the transactions taking place using the QuickX platform. The transactions on the platform require QCX tokens to be paid as facilitation fees. The collected fees in total are shared among wallets, partners, and decentralized exchanges that influence the transaction, and the reserved liquidity pool of the platform. The collected QCX in the reserve liquidity pool gets burned and removed from circulation.

QuickX is Secugenius' project, a cyber security organization created in 2010. QuickX was launched in 2019. Kshitij Adhlakha is the founder and the COO of the QuickX platform. Another founder of the platform is Vaibhav Adhlakha, who serves as the CEO. The total supply of QCX tokens is five hundred million.

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France News about QuickX Protocol

BeInCrypto • Apr 29, 24

Landvault’s Spinoff Matera Raises $3.6m Round to Bring Defi for Creators

Web3 foundation Matera announced it has raised $3.6m in a strategic token round, reserved to future users of the Matera technology. Investors include Sidedoor Ventures, backers of Sui’s Mysten Labs and Polygon; OG crypto syndicates HighCass Crypto and Medusa Ventures, metaverse project The Sandbo...

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CoinDesk • Apr 29, 24

Bitcoin ETF Slowdown Is a Short-Term Pause Not the Beginning of a Negative Trend: Bernstein

Investment platforms will take some time to establish the necessary compliance framework to sell bitcoin ETF products, the report said.

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The Block • Apr 29, 24

What is Bitcoin dominance?

The interplay between Bitcoin dominance and the performance of altcoins is complex and multifaceted, reflecting sentiment and positioning.

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CoinDesk • Apr 29, 24

South Africa’s Election Won’t Interfere With Crypto Policy: Industry Watchers

South Africa's upcoming election isn't expected to derail the country's agenda for digital assets, several members of the crypto community told CoinDesk.

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CoinDesk • Apr 29, 24

Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End: Bloomberg

The Australian Securities Exchange (ASX), which accounts for 90% of Australia's equity market, is expected to approve the first spot-Bitcoin {BTC} exchange traded funds (ETFs) before the end of 2024, Bloomberg has reported, citing people familiar with the matter.

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Unchained • Apr 29, 24

Optimism Patches Issues With Testnet Fraud Proofs After Alert From Offchain Labs

OP Labs, the entity behind the Ethereum layer 2 network Optimism, has patched two vulnerabilities with the fraud proof system deployed on the testnet. The fix was disclosed by Offchain Labs, the developers of Arbitrum, another popular layer 2 network that is widely considered to be a competitor t...

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QuickX Protocol is on the rise this week.

The price of QuickX Protocol has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. QuickX Protocol’s price has also risen by 100.00% in the past week.

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