QRX Token Value

[Lucas95]

A discount or rather a cash-back. According to plan, 20% of the exchange income from trade commission fees will be distributed among the whole pool of QRX tokens. It will be distributed as a discount/cash-back. This possibility will be useful for those QRX exchange users who may wish to cut their expenses related to their work at the exchange.

The principle of distribution is easy to understand via an example. If the commission income of the exchange is $100, $20 of it will be evenly distributed among 100 tokens. Thus, a holder of one token receives a 20 cents discount.

For the exchange 20% of the commission fees is approximately half of net profit. According to Bloomberg, exchange commission of the World’s top-10 cryptocurrency exchanges constitutes up to $3 million a day. Which is approximately $1 billion a year.

As for Qurrex crypto exchange, the project hard cap is approximately $55 million. If we consider the commission fee and the estimated assets turnover, one can assume the potential token pay-back period within 5–12 months range. But in fact this period is slightly shorter, since Qurrex will work with the professional players, whose capabilities are higher compared to those of non-professional.

It is possible to anticipate the retail market economy estimates. In the current cryptonomy there are around 10 million users. Daily turnover equivalent to one user is approximately $1,000-$2,000. Which is $350–750 thousand a year. A regular user’s exchange commission fees expenses make $600-$1200 a year. And in order to allow such a user to get an approximate expenses refund of around $1200 a year, they must make a single deposit of around 600–1,200 QRX tokens. The market is growing, and the user may need an additional tokens deposit, but in the amount not exceeding 300 QRX.


Calculation shows that at the emission of 70 million QRX tokens the total amount of users with a stack of 1,200 QRX tokens will be limited to 58,333. For the 10 million cryptocurrency exchange users it constitutes only 0.6%, or every 180th person. If we consider 200 million users of conventional markets it is even less — 0.03%, or every 3600th user.

But the main beneficiary of the discount/cash-back will of course be the institutional players in the form of FX and traditional brokers, trading companies, liquidity providers, banks and other companies with high trade turnover volume.