In this post we will try to highlight the value of the token for the professional centralized cryptocurrency exchange.

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.

We can demonstrate the possible discount by calculating an average 10,000 clients broker’s commission fee. Say, such a broker pays $6–12 million as exchange commission fees every year. Therefore, possession of 1 million QRX tokens will allow them to save $1–4 million every year. Which is 30–100% of net profit. And since for various level players the crypto market will long be considered one of the segments with highest margin, the tools which allow to make savings will become a strategic competitive advantage for those who work with Qurrex.

The value of QRX token will be even higher if we consider the possibility of financial lease. The point is that Qurrex exchange specialized trading section features provide the possibility to operate the QRX token derivative financial lease with a floating and fixed rate in order to allow the QRX token owner to make an interest rate profit nominated in highly liquid currencies, such as USD, EUR, BTC, ETH, QRX. The lessee of the QRX tokens gets a trade commission fee discount/cash-back for a certain period of time.

This allows the owners of QRX tokens who aren’t active traders to benefit from them by getting passive income thanks to secured transfer of tokens for temporary use by a third party. So, the “lease” cost is approximately 50% (at least) of the redistributed discount/cash-back for the lease period.