Quantocoin ICO (QTCt)
Blockchain based platform for digital banking and financial services
Start Date
18 Nov, 2017
End Date
30 Apr, 2019
Quantocoin Score Analysis
Quantocoin is building a mobile blockchain banking service, a well-established and growing industry with many competitors. Whilst Quantocoin did not thoroughly explore competitors, it did explore the market. The CEO is experienced, but the majority of the team - barring a lawyer and a cofounder - are entirely unverifiable, so CTO, development team and marketing team experience could not be confirmed. The project has already released an MVP, which functions but requires further developing - the app is scheduled for release in Q3 2018, with hybrid application released in Q4 2019. As no development team could be verified, platform realizability may be impeded - additionally, no github could be located, there are generic names for team images, one team member is lacking an image and the website has some links which lead to incorrect pages or are unlinked. Marketing efforts have been low, as has been the response by the cryptocommunity. Some other red flags identified included difficulties verifying all partnerships, and no mention of the founding team in the whitepaper.
Quantocoin Use of Token
QTC is Quantocoin's native token. QTC token is issued on Waves platform. 70 million QTC tokens will be offered for sale via the ICO which correspond to 78% of the total token supply. QTC tokens are needed for fees of exchanges, remittances, and transfers of cryptocurrencies. QTC token is the currency of lending and microfinancing via the QTC lending algorithms. Payments can be executed too via secure chat messages (social payments). QTC tokens are needed to pay for geofencing and proximity services.
Organization
Quantocoin
Platform
Waves
Coin type
Utility Token
Category
Finance
Soft cap
15,000,000
Max cap
70,000,000
Max supply
70,000,000 QTCt
Price
1.2
Quantocoin Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
Quantocoin Distribution
Quantocoin Use of Proceeds
Quantocoin Past Events
- 01 March, 2019
Lite white papers, legal structure and framework, establishment of partnership, secure technical partnership
- 31 December, 2019
Business plan strategy direction, project plan elaboration, licensing and company chain establishment
- 31 March, 2019
Marketing plan, recruitment of talents, platform planning and development road plan
- 30 June, 2019
IP and TM registration, regulatory framework, compliance execution plan, white papers
- 30 September, 2019
Advisory board establish, partnerships with banks and liquidity providers, community development, ambassadors introduction
- 31 December, 2019
ICO
- 31 December, 2019
Security audit, UI/UX development, applying for listing on the major cryptocurrency exchanges, launch new markets
- 31 March, 2019
Submission for QTC listing on the major cryptocurrency exchanges, launch new markets (Asia, middle east, Africa), testing platform
- 30 June, 2019
First app version tests, wallet development and tests, applying for EMI, PI authorisation at FCA
- 30 September, 2019
DTO start, app launch, merchant app development, lending protocol testing
- 31 December, 2019
Remittances start, wallet full functionality, first qtcBeacon, the authorisation for activity from FCA, submission of documents to obtain a banking license
- 30 June, 2019
Merchants network expansion, hybrid application testing, lending protocol implementation, robo-advisors, DTO end
- 30 September, 2019
Obtaining banking license, integration with the swift system
- 31 December, 2019
Hybrid application implementation, full merchant functionality, own exchange facilities established