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.