ICO Quadrant Protocol

oc10pus (25)in #cryptocurrency • 6 years ago

The Quadrant Protocol is a platform created to provide a proof of data authenticity and provenance using data stamping and fair remuneration and incentive sharing. One may ask what data stamping is. Quadrant Protocol is going to bring into existence an innovative platform that will make data authentication and provenance a very trusted and secured one.

Advantages:

Availability of testnet.
Participating in a significant and fast-growing market (the blockchain industry).
Highly skilled and vastly experienced founder.
Ambitious idea.
The economic potential of the token is notable.

The Quadrant Protocol is a blockchain-based protocol that will allow for the access, production, and distribution of genuine and traceable data-related products and services. In particular, Quadrant is designed for exchange of Data as a Service (DaaS) and artificial intelligence (AI) services.

Data vendors sell their data using data smart contracts, which compensate them for every transaction in the value chain, and purchasers can buy data and track its origins with Quadrant’s data stamping verification system.By providing an organized and reliable data-based marketplace, Quadrant foresees the future growth of the data economy as DaaS and AI companies will be incentivized to build new products and services on Quadrant Protocol.

Platform:

Steps of realisation:

Growth Potential:

Strong team with data industry experience.
Strong advisory board.
Financial discipline – token sale proceeds are being vested to ensure that initial spending doesn’t get out of hand.

Quadrant Protocol has two tokens: eQUAD and QUAD.eQUAD are placeholder ERC-20, Ethereum-based tokens that will be used until Quadrant’s mainnet is launched. Then, eQUAD will be converted to Quadrant’s native token, QUAD.(For the purposes of this analysis, we will discuss Quadrant’s token economics using QUAD, which will eventually take the place of eQUAD).Here are QUAD’s uses:

Medium of exchange for data transactions (e.g. buying, selling, staking to access datasets)
Stamping data and having it verified by Guardian Nodes (maintain and secure Quadrant’s blockchain), who are then paid for their verification services

The total supply of QUAD tokens is 1,000,000,000 QUAD. Token sale proceeds will be used as follows.

35% Business and Network Development
30% R&D
25% Operations and Security
5% Legal, Accounting, and Compliance
5% Treasury (ensure smooth operation of the ecosystem and that people can use the protocol even if tokens are unavailable to volatility in QUAD supply and demand)

Unsold eQUAD will be held in a reserve for a future token sale to be held within 2 years after the conclusion of the public token sale.

Advisors for Quadrant Protocol include the following:

Benedict Chan, CTO at BitGo, a blockchain security company that is one of the earliest blockchain-based companies and pioneers of the multisignature Bitcoin wallet (requires multiple sign-offs for transactions to be made, heightening security). BitGo was also the first blockchain service to offer insurance against theft from its Bitcoin-based wallets. Chan brings his technical expertise to the Quadrant Protocol project.
Hari Krishnan, CEO at PropertyGuru, Asia’s leading property portal and one of the most prominent tech companies in Southeast Asia. Krishnan advises Quadrant on growth strategies.
Pavel Bains, CEO at Bluezelle, a company that had its own successful ICO and builds blockchain solutions for the finance industry. Bluezelle was named a World Economic Forum Tech Pioneer in 2017. Bains brings his technical knowledge to Quadrant.