Qtum - Crowdsale is LIVE 63% sold out in first 2 hrs - Comprehensive Crowdsale Details

in #qtum7 years ago (edited)

From the original information provided here: https://qtum.org/en/crowdsale#question-1%20

Risk Precaution:

Crypto-token crowdsale is high risk by nature, please read carefully the following Participation Agreement and Prospectus. By participating in the QTUM Crowdsale, you confirm you fully understand and accept the terms and conditions.

Qtum Crowdsale Details


1. What is the Qtum Token (QTUM)?
QTUMs are cryptographic software tokens used to engage with distributed applications (“dApps”) and smart contracts on the Qtum platform. QTUMs will serve as the staking currency of the Qtum blockchain and fuel computational operations performed by the Qtum network.

2. What is the total QTUM supply and initial distribution?
With the setting of Qtum’s Genesis Block, one hundred million (100,000,000) QTUMs will be created as Qtum’s total token supply, on top of which ~1% annual Proof of Stake (PoS) inflation will be added.
The QTUM token supply will be allocated as follows:

  • 51% of Qtum tokens (51,000,000) will be distributed through the crowdsale
    51 million QTUMs will be available for acquisition during the crowdsale. The funds raised this way will be used to bankroll the operations of the Qtum Foundation for the next four years. This includes development, administration, marketing, financial and legal consultancy, etc. Remaining, unsold tokens from the crowdsale budget will be sold privately to institutional investors.

  • 20% of Qtum tokens (20,000,000 QTUM) will be distributed among founders, early backers and the development team
    Founders, early backers and the development team are rewarded with Qtum tokens for their efforts, resources, and technologies contributed to the development of the Qtum blockchain.

    • 7% - 8% of Qtum tokens will be allocated to early backers and investors. Qtum received over 1 million US dollars from 32 early investors, including a host of notable blockchain entrepreneurs (see below). Additional early investors will be disclosed at a later stage.

      • Anthony Di Iorio, Co-founder of Ethereum and CEO at JAXX Wallet
      • Roger Ver, World’s first major investor in bitcoin startups
      • Weixing Chen, Founder of Kuaidi
      • Jeremy Gardner, Co-founder of Augur EIR at Blockchain Capital
      • David Lee Kuo Chuen, Founder of Left Coast, Libai and Dlee Capital Management
      • Bo Shen, Fenbushi Capital managing partner
      • Jehan Chu, Jen Advisors Ethereum Hong Kong Meetup
      • Qingzhong Gao, Director of HuaWei Strategic Cooperation
      • Star Xu, CEO of OKCoin
      • Lihua Yi, Partner at ZhongWo Investment
      • Xiaolai Li, Chinese Angel Investor
    • 12% - 13% of Qtum tokens will be allocated to founders and the development team.

  • 29% of Qtum tokens (29,000,000 QTUM) will be allocated to community initiatives concerning business development, as well as academic research, education, and market expansion
    During the next four years, the Qtum foundation will allocate 29% of the initial QTUM supply to third parties promoting the application and growth of the Qtum ecosystem. This budget will be held in publically viewable wallets and subjected to community scrutiny. Potential surpluses arising from this activity will be redistributed among Qtum token and stakeholders.

  • Business development (20%)
    In order to incentivize the adoption of Qtum technology and to promote the development of early decentralized applications, 20% of the total initial QTUM supply will be dedicated to selected industries and projects. This includes funding of strategic planning, project support and coin swaps as detailed below.
    - 10% - half of the business development fund (10,000,000 Qtum tokens) will be used to facilitate the adoption of the Qtum blockchain in ten selected industries such as financial services, supply chain management, social media, online gaming, Internet of Things (IoT) and so forth. Qtum will reward selected DApps developed on the Qtum blockchain in proportion to their actual user base.
    - 10% - (10,000,000 Qtum tokens) will be used for the coin swaps. The Foundation will exchange Qtum tokens with crypto-tokens of other blockchain open source ecosystems, as well as app coins from dApps developed on the Qtum blockchain. The crypto-tokens and app coins acquired this way will be distributed among Qtum token and stakeholders.

    • Academic research, education, and market expansion (9%)
      9% of Qtum’s initial token supply will be used to sponsor academic research, educational materials for developers, as well as promotion of Qtum technologies and contributions to open source communities. Some of the planned activities include:
      • Establishing research labs in cooperation with high profile universities
      • Creating tutorials and educational materials for Qtum developers
      • Cooperation with other open source communities such as Linux, JavaScript, Docker, Php
      • Events and conferences to raise the awareness of the Qtum technology and facilitate market adoption

3. When does the Crowdsale take place?
The Qtum Crowdsale will start at 12PM GMT, March 16th, 2017 and end at 12PM GMT, April 15th, 2017 (after 30 days) or when all 51 million Qtum tokens are sold.

4. What crypto-currencies are accepted in the crowdsale?
During the crowdsale QTUMs are sold against Bitcoin (BTC) and Ether (ETH).

5. What is the price of Qtum tokens? What bonuses can I receive?
The Qtum crowdsale includes four price tiers, lasting one week each, as well as an early bird bonus phase as detailed below (all times in GMT). QTUM price against ETH will be determined at sale start according to ETH/BTC market price.

6. How can I participate?
The Qtum Crowdsale will be facilitated on selected online crypto-currency exchanges and crowdfunding portals. You can participate via any of the following venues:

7. How are the funds secured?
All funds collected during this sale will be deposited in secured multi-sig wallets. Keys to said wallets will be held by several officers and executives of the Qtum Foundations, making it so that all outgoing transaction have to be verified by multiple parties.

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Just hours remain until the QTUM crowd-sale goes live!

Register for one of the following exchanges ASAP if you wish to participate in the crowdsale
The Qtum crowdsale will start at 12 PM GMT, Thursday, March 16th, 2017

The Qtum crowd-fund is live, & has so far raised 63%!



Visit the website to participate, while supplies last: https://qtum.org/en/crowdsale

There are just a bit over 5 days remainining until the Qtum Crowdsale begins. The Qtum Crowdsale will take place March 16th, 8pm Beijing Time. Please see the website for price details: qtum.org/en/crowdsale

Some recent articles about QTUM:
LiveBitcoinNews
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FinanceMagnates
BitcoinMagazine
TheMerkle
CryptoCoinsNews
NewsBTC
ForkLog (Russian)
ChainFinance
CoinGecko
Smith&Crown (Updated)
CoinSpeaker
AllCoinNews
YahooFinance
InternationalBusinessTimes
MarketWatch

Qtum AMA


Qtum will be hosting two AMAs this week before the crowdsale.


On Tuesday 8:00 pm Beijing Time on 8btc, we will be hosting the first AMA this week. Feel free to ask questions about Qtum and the crowdsale. (Keep in mind this will be in Chinese)

For the English-speaking community, there will be another AMA on Slack on Thursday 6:00 pm Beijing Time. For your local time: click here If you haven't signed up for Qtum slack click the image above, otherwise join up at qtumnexus.slack.com.








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