Quoine is a cryptocurrency exchange founded in 2014 by Mario Gomez Lozada and Mike Kayamori. It aims to provide a secure platform for users to buy and sell digital assets. The name "Quoine" is derived from the words "quick coin" and signifies the platform's focus on fast transactions. Key features include advanced trading options, high liquidity, and compliance with regulatory standards.
Quoine is a blockchain platform that offers several benefits compared to its direct competitors. One of the key advantages of using Quoine is its robust and secure infrastructure. The platform has implemented advanced security measures to protect user data and funds, which is crucial in the highly sensitive cryptocurrency space. This sets Quoine apart from some of its competitors who might not have the same level of security measures in place.
Another benefit of Quoine is its user-friendly interface. The platform is designed to be intuitive and easy to navigate, making it accessible to both novice and experienced users. This simplicity is a distinguishing factor when compared to other platforms that might have a steep learning curve.
Furthermore, Quoine boasts a wide range of supported cryptocurrencies. This allows users to have a diverse investment portfolio and access various digital assets on a single platform. Some of its competitors might have a limited selection of cryptocurrencies, limiting users' options.
In addition, Quoine provides reliable customer support. Users can reach out to the Quoine team for assistance and receive prompt and helpful responses. This level of customer service sets Quoine apart from competitors who might have slower response times or less effective support systems.
Overall, Quoine offers a secure and user-friendly platform with a wide selection of cryptocurrencies and reliable customer support. These benefits make it a competitive choice among its direct competitors in the blockchain industry.
Quoine operates as a cryptocurrency exchange platform, facilitating the trading of digital assets. The underlying technology behind Quoine is based on blockchain. While the specific blockchain used by Quoine is not explicitly mentioned in available information, it is likely that they use their own proprietary blockchain or rely on an established public blockchain like Ethereum or Bitcoin.
The functioning of Quoine involves several key steps. Firstly, users sign up for an account and complete the necessary identity verification procedures. Once verified, users can deposit various cryptocurrencies into their accounts. These deposited assets can then be traded with other users on the platform.
Quoine provides a secure and transparent environment for trading by utilizing cryptographic protocols and smart contracts. These features ensure that transactions are recorded on the blockchain and are immutable. Additionally, users have control over their private keys, giving them ownership and security over their assets.
Quoine's order matching engine matches buyers and sellers based on their requested prices and quantities, allowing users to execute trades efficiently. The platform also offers advanced trading features such as stop-loss orders and margin trading, catering to the needs of both retail and institutional traders.
Overall, Quoine leverages blockchain technology to create a trusted and decentralized marketplace for cryptocurrency trading. By utilizing the transparency and security features inherent in blockchain, Quoine aims to provide a seamless and reliable trading experience for its users.
DIA employs a comprehensive approach to fetch trade data from various types of exchanges in the DeFi and NFT space. The process differs depending on whether the exchange is centralized or decentralized.
For centralized exchanges such as Coinbase, Kraken, and Binance, DIA utilizes scrapers that directly collect trade information from the exchange databases. This is done using Rest APIs or WebSocket APIs. The frequency of data collection varies, ranging from one to seven seconds, depending on the specific exchange.
In the case of decentralized exchanges, DIA retrieves data from multiple blockchains by subscribing to swap events in liquidity pools. This approach allows DIA to fetch trading data directly from the blockchain itself, enhancing the accuracy of the data. Popular decentralized exchange sources include Uniswap, curve.finance, and PancakeSwap.
When it comes to NFT marketplaces, DIA captures live trading data by accessing the smart contracts of integrated marketplaces. The retrieval period for NFT transactions ranges from 20 seconds to 1 minute, ensuring real-time coverage of all NFT transactions. Notable NFT integrated exchange sources include Blur, X2Y2, OpenSea, and TofuNFT.
Through this comprehensive data management strategy, DIA ensures the delivery of highly accurate and customizable price feeds. By leveraging a network of WebSockets, decentralized node providers, and direct blockchain access, DIA obtains granular trade data from a wide range of DeFi and NFT exchanges to provide reliable information to smart contracts.
DIA's process of building price feed oracles from Quoine trade data differs depending on the type of exchange being referred to, whether it is a decentralized finance (DeFi) exchange or an NFT exchange.
For DeFi exchanges, the process involves two steps. Firstly, the trade data is cleaned and outliers are removed to avoid using data that significantly deviates from the market price. This is important to prevent irregularities and manipulation from affecting the price estimation. DIA applies an Interquartile Range (IR) filter, which identifies and excludes data points and sets that lie outside an acceptable range relative to the interquartile range. Only trades falling into the middle quartiles move forward into further processing.
Once the data is cleaned, DIA applies various price determination methodologies to calculate a single USD price value for each asset. One example is the Volume Weighted Average Price (VWAP) methodology, which considers the different volumes of trades. Another example is the Moving Average with Interquartile Range Filter (MAIR) methodology, which creates blocks of trades ordered by timestamp and calculates the weighted average price for each block.
On the other hand, for NFT exchanges, the process is different. Firstly, the on-chain trade data is processed through cleansing filters to exclude market outliers and manipulation techniques. Then, a pricing methodology is applied to determine the floor price of the NFT collection. DIA offers the Floor Price methodology, which provides the lowest sale price recorded on the blockchain during a given time window. However, this methodology can be susceptible to manipulation, such as wash trading and floor sweeping.
To address these concerns, DIA offers advanced methodologies for pricing NFT collections, such as the Moving Average of Floor Price. This methodology calculates the moving average of the collection's floor price and can be customized based on specific parameters. Additionally, DIA applies an Interquartile Range outlier detection filter to filter out malicious behavior.
Overall, DIA employs data cleaning, outlier detection, and various price determination methodologies to build price feed oracles from Quoine trade data for both DeFi and NFT exchanges. These processes aim to provide reliable and realistic price data for different use cases in the blockchain industry.
Instead of distributing pre-calculated data feeds, DIA covers the whole data journey from individual trade collection, and computation to the last mile of the feed delivery.