QOMPASS: CONNECTING BLOCKCHAIN TECHNOLOGY TO REAL LIFE APPLICATIONS

emmy92 (42)in #ico • 6 years ago

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The outstanding benefits associated with blockchain technology can't be overemphasized as it has solved many underlying problems associated with centralized systems. Blockchain technology solves varying issues in platforms it is implemented on, such as the Financial systems, Healthcare systems, Gaming platforms etc. The outstanding attributes of blockchain technology which makes it more outstanding thus paving way for more adoption by new and existing platforms are;
a. It's decentralized nature: By this, blockchain technology ensures that users data is safe and secure,
b. It's use of smart contracts: This ensures that any transaction carried out within the system is executed without any point of failure, etc.
Blockchain technology has really ushered in a unique way to execute and view transactions thus, solving issues associated with the traditional financial systems.
But even with this outstanding features and benefits, without real-life applications, the opportunities and benefits of blockchain technology might not be fully utilized, thus giving birth to the invention of a platform unique in all ramifications with the aim of solving the limitations associated with the current blockchain at the same connecting blockchain technology to the real world. This is no other platform than QOMPASS.

WHAT IS QOMPASS?

In a nutshell, Qompass is a platform with the sole aim of connecting blockchain technology with real-life applications at the same time solving the issues limiting the early generations of the blockchain.
Therefore Qompass offers the following;
i. Fixing of the shortcomings limiting the current blockchains,
ii. A user-friendly smart contract which can be easily accessed without any prior knowledge,
iii. One account for all crypto exchanges,
iv. With the global liquidity pool, Qompass offers easy liquidation of crypto assets,
v. Manipulation and corruption is totally removed with the aid of blockchain technology.
Qompass aims to make it possible for crypto traders and investors to trade cryptocurrencies at the same time having full control of their assets.
This is achieved with the use of;
i. API: This links the wallet holding the assets to the exchange,
ii. Smart contracts: This ensures all transactions are done effectively.

QOMPASS ECOSYSTEM

The Qompass ecosystem is made up of the following;
a. Artificial Intelligence,
b. Neural Networks,
c. Active Leverage.
With these, Qompass aims to simulate behaviours of expert traders at the same time providing an ecosystem rich with API (Application Programming Interface) protocols and applications so as to project the financial and capital markets to a global scale.
The main idea is to revolutionize the $294 trillion capital market with blockchain technology, making every transaction transparent and tamper-proof, thus eradicating manipulation and corruption.

THE CURRENT BLOCKCHAIN VS QOMPASS BLOCKCHAIN

Limitations Of The Current Blockchains
i. Easily clogged.
ii. The transaction is slow and transaction cost is high.
iii. Lacks scalability.
iv. The smart contracts required advanced knowledge.
The Solution (Qompass Blockchain)
In other to solve the issues associated with the current blockchains, Qompass offers the following;
i. High TPS, about 30000 TPS (Transaction Per Second), thus ensuring scalability.
ii. The blockchain is well secured as no one can view on users wallet.
iii. There is the presence of unlimited nodes, thus enabling each wallet to secure the network thereby increasing productivity
iv. The associated protocols of the blockchain are well secure, such as API etc.
v. The health of the blockchain is been monitored by artificial intelligence, and thus having the ability to scale as at when due.
vi. The associated smart contracts are easy to implement as it requires no prior knowledge.

Benefits Of Qompass Blockchain
a. Transactions performed on the blockchain occurs at high speed.
b. There are no restrictions, as transactions can occur both locally and globally.
c. For ease of payment, the mobile application can be used. Also, it can process up to 1000 transactions at a go.
d. Can be used to Hegde funds, stock exchange and as well as in financial institutions, etc.

QOMPASS TOKEN

Qompass token QPS is an ERC20 token built on Ethereum blockchain. It is a utility token with the total supply of 33,000,000.
QPS is the fuel that powers Qompass platform and it's used for the following;
a. Subscription into MCA program,
b. For trading in Qompass Trader and in Qompass terminal.
With Qompass app and wallet, storing QPS is made easy.

TOKEN SALE DETAILS

CONCLUSION

Qompass aims to make it possible for all and sundry to have unlimited and unrestricted access to the real-life applications of the blockchain.
Qompass has the following products;
a. Mobile App: Built on top Qompass Peer-to-Peer exchanges, thus making it possible for users to send or receive money (fiat or cryptocurrencies) globally with no middlemen.
b. Qompass Card: This is a hybrid and hardware wallet which offers users direct access to the blockchain, and as such can be used to withdraw fiat at ATMs, for online shopping or at Point-of-Sale (PoS).
c. Qompass Trader: This is used for charting or forecasting the financial market, offering security and anonymity.
d. MCA Managed Crypto Accounts: Investors will be able to earn up to 30% per month of their crypto assets, made possible with AI and Neural Network Algorithm.

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