QUANTOCOIN : FIRST REAL BLOCKCHAIN BANK

August 31, 2019

Hello Golos community, in this article I will present an interesting ICO analysis, called QuantoCoin, based on the following criteria:

What is the QUANTOCOIN

Quantocoin has developed a next-generation model for the future of financial services and digital banking. This model uses Blockchain technology along with smartphones, as well as a new kind of bio-identification system which will be used to ensure safe and secure accounts for each user. This is a project to develop the future of the crypto-financial world. Its primary goal is to integrate and connect QTC into the traditional financial world and to create a single gateway through QTC platform for users, traders, investors and financial institutions with a whole range of add-on services.

Quantocoin is a platform for the future of funding that is built on top of the Waves blockchain. It accelerates the growth of unbanked people by offering tools and services that save both time and resources.

Current Problem

The adoption of cryptocurrencies into normal life. Now is almost impossible to pay with any cryptocurrency for good, or do transfers etc. Also, the transaction processing for cryptocurrency against fiat is practically non-existent.

Solution

QTC bank with QTC banking platform as the final stage of QTC project will bring solution by providing cryptocurrencies to mainstream everyday users.

Functions

Wallet : Exchange, transfers, remittances

Social Payments : High secure inner chat

Instant Cash : Cryptocurrency for everyday users

Crypto Assets Portfolio : Tokenized portfolio management algorithm

Lending and Microfinancing : QTC lending protocol

Geofencing : Unique proximity functions

QTC Mobile App

QTC mobile app turns every smartphone into a sophisticated banking platform.

TECHNOLOGIES

Hybrid payment application - We combine three best world technologies at one point.

QTC mobile App will be made available for download via the iOS or Android marketplace and customers will finally be able to use cryptocurrencies to pay for any fiat-based goods or services instantly, easily and immediately on any POS terminals with NFC technology, QR code or through our qtcBeacons.

qtcBEACON

A BLE beacon is a small device – usually powered by battery or USB – that emits a Bluetooth Low Energy signal. A modern smartphone in the vicinity can pick up the signal being emitted by the beacon to deliver quick, safe and easy mobile-based proximity payment solutions. Beacon-based payment apps is also phone agnostic, thus making it practically accessible to any smartphone user.

NFC

Near field communication, is at a very basic level simply “contactless” communication between two devices. In regard to payment processing, it is the technology that enables your phone to communicate with the payment terminal (POS) to initiate a transaction.

QR CODE

Quick-response codes have the set of ubiquity that NFC lacks. They work a bit like old fashion barcodes, but they are digital and give them the power to enable you to complete mobile payments.

Distributional Token Offering

The Quantocoin Distributional Token Offering (DTO) is the logical, second step to distribute all QTC with respect to the whole QTC project vision – All tokens will be distributed.

70 million qtc tokens will be distributed in defined consecutive periods over the next 10 month. These tokens will be split into the same rolling windows of the same amount QTC availability.

At the end of a period, the respective set amount of QTC Tokens for that period will be distributed pro rata amongst all authorized contributors. Means everyone gets the same price, based on the total amount contributed during that period.

Schedule

Allocation of TokensQTCt will be distributed in the following way

71.3% : Distributional Token Offering
18.5% : Initial Coin Offering
8.5% : Team
1.3% : Advisors
0.5% : Reserve

Allocation of ProceedsFunds signed and raised will be distributed in the following way

53% : Platform development
5% : Legal structuring, regulatory, tax advice
9% : Cost related to SW development
4% : Maintenance fees
15% : Management and team
3% : Community outreach
4% : Bounty campaign
7% : Research

ROADMAP

Our Team

Our core team consists of experts who have extensive experience in IT, blockchain technology, marketing and business models. In addition, our people are veterans in the traditional ﬁnance industry, with more than 25 years’ experience in online trading, FX and private banking. The idea of QTC originated from long-term planning and several years of practice.

Our external consultants are working in the ﬁnance and technology sector. An important part of our team is the security department, where we work with industry leaders such as Incapsula or Checkpoint Inﬁnity.