As cryptocurrencies have risen to an unprecedented level of popularity over the past few years, more people within the world's population are beginning to see it as a valid means of investment. For all the promise shown within the ecosystem, some people still tend to steer clear of cryptocurrencies due to insecurity of funds and the largely dispersed model of operation within the ecosystem. Through extensive reading and the thirst for knowledge, I did come across a project which would go a long way in eliminating the long standing concerns around cryptocurrencies.
Introducing Quantocoin
The team behind Quantocoin has come up with a futuristic model of financial services and digital banking. The ecosystem is driven by blockchain technology and it comes incorporated with a state-of-the-art bio-identification system to ensure the security of accounts. The project is intended to be the future of crypto-finance and in the process, create an all encompassing platform that enables users, traders and institutional investors to thrive within a single ecosystem. The ecosystem offers several functions which include buying and selling of goods and services online, exchanging cryptocurrency to fiat and offering users investment plans. By offering all these services within the confines of a single platform, Quantocoin has all the tools to be a major upgrade on currently existing cryptocurrency platforms which are often fragmented and fail to offer a complete package.
The Quantocoin platform also seeks to provide a free and anonymous transfer system while holding “transparency" as a watchword. The platform will also provide reliable digital banking system which will enable people in areas without local banks to invest and pay for goods and services within the Quantocoin ecosystem with the goal of improving the economy within these underdeveloped regions. The framework of of the Quantocoin ecosystem is simple enough to allow addition of other applications without without compromising the UI/UX simplicity. Finally, we cannot ignore the benefit of running the ecosystem on blockchain technology which eliminates interference from foreign bodies and allows the platform to be used comfortably all over the world.
Tokenomics of Quantocoin
Quantcoin operates a token based ecosystem and the token ticker is “QTC" which is issued by wed on the Waves Platform. The token which will be put up for sale has been capped at 99 million QTC. The QTC tokens will serve as the driving force behind the Quantocoin ecosystem.
The token sale has gone through several phases and about $11m has been raised till date. The last phase is projected to end on 30th of April, 2019.
Use cases of Quantocoin
- Purchasing of goods and services globally through transfer of funds between QTC users.
- High liquidity at user-friendly exchange rates.
- Trading on stock exchanges.
- Participating in instant remittances and international transfers.
- Participating as a lender in microfinancing options, among other things.
Conclusion
Quantocoin has the potential to be of immense benefits to individuals and the economy at large. By integrating several financial services into a single platform, I believe Quantocoin will play a key role in expanding the number of crypto economy users, which will result in a positive development in this industry.
For further information, you can visit any of the links listed below;
Official Website: https://www.quantocoin.io/
Whitepaper: https://quantocoin.io/wp-content/uploads/2018/07/WP_QTC_2562018-TESTING2-1.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2897398.0
Authors ETH Address: 0x6f54F652c650Cc6A7bed4C355B8Ce728C026C23E