My Review of Quantocoin Platform: A Blockchain Based Platform for Improvement of Banking and Financial Services

mayowa-eu (60)in #quantocoin • 5 years ago (edited)

2gsjgna1uruv8X2R8t7XDv5HGXyHWCCu4rKmbB5pmEzjYSejbYcMYVKa6EzvZr2vaBYbaVB7mGs1754qjfcEgQMXxaQ829dgMdhQVmwbhmWpFP4oqx.png

ABSTRACT

We can’t possibly deny the massive growth of the e-commerce and banking industry as it has lately be a major talk of the masses, it was clearly evident in the year 2014 when global sales of $1.3trillion was recorded in the e-commerce industry yet, coming 2020, this industry has the potentials to increase by double of its present value as being analysed by specialists.

That being said, we have witnessed massive adoption of the blockchain technology by most global industries which make it so obvious that the blockchain technology is the next global technological revolution, however, there’s a very little rate of adoption of this technology in both the e-commerce and financial sector.

We also need not be negligent of the fact that most businesses, firms and companies are being reluctant to adopt the use of cryptocurrencies as a result of the problems surrounding its usage. Listed below are some of the issues preventing the general adoption of crypto as method of payment;

Complex and costly processes of cryptocurrency mode of payments
Difficulty in conversion of cryptocurrencies into fiat
Extreme volatility in cryptocurrencies which makes businesses stands the risk of losing funds.

Here comes the solution: Quantocoin

Quantocoin is the next generation model of financial services and digital banking which is based on the blockchain technology in addition to the usage of bio-identification systems and mobile technology. This project brings the feature of online buying and selling using cryptocurrency and also conversion of cryptocurrencies to fiat.

What are the Intrinsic Features of Quantocoin Platform?

Total transparency through bio-identification technology
Partial backing by Bancor Protocol
Top level security
Wide integration of QTC which will trade on top cryptocurrency exchanges
Excellent liquidity property of QTC
Complete platform transparency via blockchain technology.

D5zH9SyxCKd9GJ4T6rkBdeqZw1coQAaQyCUzUF4FozBvW7K6BbiGR33QSDGrniA9stk65WMbihYpT4VCrRYY1zDr9oMjiFEAZ8rAFDGfR1aBhiUjqNZVP4hrfu2yKWM6ZerE2a.png

All of these features and services to be enjoyed on the QTC ecosystem which will also not only allow for the exchange of QTC into other cryptocurrencies but also into fiat currencies with the lowest transaction fee possible as opposed what’s being experienced on other platforms with high transaction charges.

QTC bank and its banking platform shall provide cryptocurrency to mainstream everyday users at the final stage of QTC project.
Below are the features to be embedded in the QTC blockchain bank;

Lending and microfinance services via QTC lending algorithm
Availability of wallet which will allow transfers, remittances of cryptocurrency P2P and B2B
Portfolio for cryptocurrency assets which are actively managed
Community building
Social payments and
Proximity functions and geofencing.

QTC will be the first global alternative asset with currency functionality and liquidity with properties of fastness, efficiency and reliability and operates at low cost and anonymous transfers free of charge.

What are the Usecases of Quantocoin?

Can be used in participating in loyalty programs
For trading on stock exchanges
Instant exchange into other cryptocurrencies and fiat
For investment on future products and programs
Spending via QTC debit card which can be used for both online and offline transactions and
Purchase of products and services online and ability to send QTC to other users.

Also, there shall be availability of QTC mobile application for both android and IOS devices which have the combination of NFC, QR codes and Beacon and it will give users the ability to pay for goods and services using cryptocurrencies.

ICO and Token Details

Token Symbol: QTCt
Platform: Waves
Price in ICO: 1 QTC = 1.2 USD
Tokens for sale: 70,000,000
Minimum investment: 100 QTC
Accepts: ETH, BTC,Waves
Distributed in ICO: 78%
Soft cap:3,000,000 USD
JvFFVmatwWHRfvmtd53nmEJ94xpKydwmbSC5H5svBACH7yFNjCiTNWDPqbRJ9Sq5h91D5Sq9XQbXE6R4JqfKniLATvwNwPF8ouJj7KJpzrvHFFxfPkLvttboCXDyPHpWULMvW6iQ5k.png

2gsjgna1uruv8X2R8t7XDv5HGXyHWCCu4rKmbB5pmEzjYSiNS8Z1i819X7v535wAhhQ8sZajVsAfMMvzhF3UEe7fSVjdnPyiix81RzQzqjaMJ4mp86.png
Conclusively, QTC is dedicated to increasing the rate of adoption of cryptocurrencies by the masses globally by integrating all financial services on its platform which will be accessible through its mobile application. This in no doubt will improve payment standard and digital banking thereby making financial services easily accessible by everyone.