FAQ

QuickX is a novel protocol designed specifically to cure the many fatal flaws that are hindering the mass adoption of Cryptocurrencies today. It 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 is a product of the parent company Secugenius, which is a renowned cyber-security company. that provides effective and reliable information security services. They have received numerous honourable mentions across various media channels and have been bestowed with many prestigious awards, which includes award for innovation by Vice President of India, also secugenious was listed in top five cyber security and top five cyber forensic companies, in 2015 and 2016 respectively.
QuickX overcomes this problem by setting up a decentralized off-chain transaction network where cryptocurrencies can be instantly transmitted from one person to another. Transaction facilitators maintain the off chain order book and charge a next to zero fees for maintaining the records. Pooling facilitators infuse the necessary liquidity into the ecosystem while facilitating the crosschain instant fund transfers, which makes the backbone of the Quick X’s interoperability
Yes, currently we have partnerships with PayX & CoinBridge from South Korea, Smart chain , Goldiam , Showhand and Centareum from Singapore. Also, our Outreach Partner is Global Blockchain Foundation.
Our company is registered in MALTA.
QCX is the ticker of QuickX Protocol token
In token sale, 250 Million tokens will be made available for sale out of a total supply of 500 MIllion i.e 50%
Yes, the minimum limit for crowdfunding is 0.1 ETH and the maximum limit is 200 ETH.
You can buy QCX token in token sale which will be announced soon on the website www.QuickX.io
The price of QCX token will be set at 0.0001333 ETH i.e 7500 QCX tokens in exchange of 1 ETH.
We will be accepting Ethereum only for token sale.
The unsold tokens will be burned after the token sale.
Yes, after the Token sale, you can certainly buy QCX tokens from the exchanges where it will be listed soon after.
Yes, There is a bounty program for which 2 % tokens of total tokens will be dedicated.
Tokens are distributed in the following way :-

Token Sale: 50%

Liquidity Reserve: 15%

Founders & Team: 13%

Strategic Partnerships: 10%

Advisors: 5%

Private Sale: 5%

Bounty: 2%

Tokens will be distributed in the wallets of the investors as soon as they send the ethereum.
The fund which will be raised by QuickX will be used in following manner:

  • Protocol Research & Product Development: 45 % of the funds
  • Market Expansion & Customers Acquisition: 25 % of the funds
  • Operational Expenses: 18 % of the total funds.
  • Miscellaneous Expenses: 7% of the funds
  • Legal Compliance: around 5% of the total funds raised.

Yes, the vesting period for tokens is 1.5 years,

Founders' tokens will be under vesting in the smart contract for 18 months (20% will be released after 3 months of Token sale completion, 20% after 6 months ,another 20% will be released after 9 months, another 20% will be released after 12 months and finally another 20% will be released after 18 months).

- Advisors tokens will be vested for 1 year (20% will be released after a token sale, 20% will be released after 3 months of Token sale completion, 20% after 6 months, 20% will be released after 9 months, 20% after 12 months).

We will not accept any kind of investment from USA to participate in token sale.
We have done a competitive analysis along the parameters of transaction speed, security, control over operation, interpropability, operational scalability and transaction costs with our major competitors which are 0x, Kyber network, Shapeshift and other centralized exchanges. Comparison Table
The soft cap is 4,000 ETH and hardcap is 34,700 ETH.
QCX is a utility token can be used as the fuel for every transaction done using QuickX platform whether it is transaction of same blockchain assets using off chain or cross chain transactions using pooling facilitators who facilitate the cross chain transactions. All transactions that take place on the QuickX platform need QCX to be paid as transaction facilitation fees.