Quantocoin is an innovative blockchain based platform for financial services and digital banking. Quantocoin's platform utilizes a unique form of bio-identification that ensures the safety and security of the accounts of every user. Quantocoin is aimed at connecting the traditional banking services with cryptocurrencies via a single gateway, the QTC platform.
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.
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.Keep reading
*Minimum investment: 0.5 ETH