Quantstamp - Most promising ICO of November 2017

in #quantstamp7 years ago

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Quantstamp is the first smart contract security-auditing protocol.
In short if I could explain what Quantstamp does is with reference to the whitepaper "The Quantstamp protocol solves the smart contract security problem by creating a scalable and cost-effective system to audit all smart contracts on the Ethereum network. Over time, we expect every Ethereum smart contract to use the Quantstamp protocol to perform a security audit
because security is essential.

The protocol consists of two parts:
● An automated and upgradeable software verification system that checks Solidity programs. The conflict-driven distributed SAT solver requires a large amount of computing power, but will be able to catch increasingly sophisticated attacks over time.
● An automated bounty payout system that rewards human participants for finding errors in smart contracts. The purpose of this system is to bridge the gap while moving towards the goal of full automation.

It is one of a kind security protocol which is hour of need in times of millions of dollars getting hacked during ICO's.

Token Metrics

Total Number of tokens –1 Billion Tokens
Tokens available for crowdsale–650 million
Total funding to be raised -$30 million
Presale -$3 million
Crowdsale-$27 million
ICO Price -$0.046

Tokensale Score – 5/5

The Presale has a very unique Proof of Care concept by the CEO Richard Ma which is proving to be really good in terms of organic growth for marketing this ICO. Also there is a 100% bonus for Pre sale contributors.

Idea and Whitepaper

Idea – Idea is very unique in terms of being the first smart contract security-auditing protocol
Whitepaper –Very well written whitepaper detailing the technical details of the protocol.
Business Model –Sustainable looking at the current upward trend of ICO’s and the security needed. Recently conducted the successful auditing of Request Netowrk ICO

Whitepaper Score – 5/5

Prototype

Working Prototype –They have a partially completed working minimum viable product
Timeline for releasing the product – The roadmap is clearly outlined in the whitepaper with the product scheduled to be completed by August 2018
Github–Good activity on Github

Prototype Score – 5/5

Team

Expertise –The team is young with fair amount of expertise in the field
Experience – The team is young with fair amount of experience in the field
Team Size – Adequate team size of 7.

Team Score – 4/5

Advisors

Expertise –The advisors have vast expertise in the field covering different aspects of the business including Mr. Evan Chend and Mr. David Drake
Experience – The team is young with fair amount of experience in the field
Size – 8 Advisors from varied expertise

Advisors Score – 3/3

Social Media Hype

Publications – No publication in online crypto blogs and mainstream news
Telegram – 1000 members but actively organically growing (Proof of Caring)
Socially Active Team –Very responsive on Telegram and building a trusting and strong commmunity

Social Media Hype Score – 3/5 (might increase during mainsale)

Collaboration

Existing Funding – No, not specified by the team
Partners –No

Collaboration Score – 0/2

Verdict

Investment Grade – 83.33%

This ICO is one of the most interesting ICO’s to come up in October and will be having a strong community to back it up making it a good short term as well as long term investment

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