Quadrant Protocol ICO: Project Review

in #ico7 years ago

Quadrant - is a decentralized blockchain platform for reciving and sharing verified information. The project wants to solve the problems in reciving wrong information. 

Everyone wants to know where the data comes from. Also everyone wants to have verified data. 

Quadrant will help with it. The Quadrant Protocol will collect information from its suppliers, verify it for authenticity, evaluate reliability and transmit it to consumers. The advantage is that not only ordinary users, for whom reliability is not an important factor, can become participants of the system, but also large corporations, banks, state enterprises, etc. 

Using a quadrant protocol, they can receive only the information they need with minimal expenses and be sure of its verification. The one of the main things platform wants to make is monetization. 

It is necessary in order to provide motivation to the participants of the platform and distribute the necessary data. It is planned that any participant can receive the collected data, receiving for them a reward in the form of project tokens. Payment is made after checking the uniqueness and reliability of the data. 

So what about tokens? Within the project, it is planned to release two types of tokens. One - for internal use and use as a means of settlement within the platform. 

The second one is based on ERC-20, which is planned to be placed on the largest international exchanges for external use. Exchange one currency for another will be free after the project is put into operation. 

Features of Quadrant Protocol

  • Data Stamping

They stamp for authenticity, allowing data buyers to trace and have proof of who created the data.

  • Constellation Creation

They are daring Pioneers to venture, enabling them to create the first Data Smart Contracts and are deployed to create new data products

  • Enriched data and services

They are empowering the brightest minds to work on creating Mega Constellations - new products and services on top of Quadrant.

Business Cases

Quadrant maps disparate data sources so that new, innovative data products can potentially be created to help companies meet their data needs. This is intended to be made possible through the participation of the following stakeholders:

  1. Nurseriesthe Atomic Data Producers (ADPs) that create the original data records. They create Stars (raw data), which can then be grouped into Constellations.
  2. Pioneersthe Data Vendors that create data products with the smart contracts on Quadrant.
  3. Elonsthe visionaries that utilize the created data products and with them, build new and unique products and services. They rely on Constellations and Constellation blueprints to make sense of the data space, which they will travel through.
  4. Guardiansthe master nodes that protect the integrity of the chain, ensuring that it is not compromised. The Guardians ensure that the Constellations created by the Pioneers are not compromised and provide the services of stamping, authenticating and verifying data.
  5. ICO token sale

    The sale of tokens in Quadrant is divided into sections. The first section involves soft cap or hard cap. The soft cap goes for $20 million and a $3 million soft cap. The currency that is used for buying and selling token is ETH. The exchange rate for this currency in most cases remains relatively constant. The rates follow that $0.05 USD is equal to 1eQuad. 

    The ETH price is always pegged one day before any sale takes place. The sale of token involves people who pass the KYC or AML checks. Quadrant gives out a supply of one billion and eQuad distribution of different amounts. If you need information, the token type is ERC-20.

    Ticker: EQUAD

    Token: ERC 20

    Price of the token: 0.05 USD

    Total issue of tokens: $ 1 billion

    Soft cap: $ 3 milliions

    Hard cap: $ 20 millions

    Collected funds for Pre-ICO $ 15 million 

    Team

    Conclusion

    There is a wish to note once again of how great importance information is today. The economy of data really is in its current form far from an ideal, and Quadrant Protocol. allows to bring an order shred in this chaos, creating harmonious system for use and storage of the decentralized data The release of the Quadrant Protocol platform is expected already in the third quarter 2018. Relevance of the idea, a security guarantee and reliability of data, ensuring transparency at the conclusion of transactions. All this does Quadrant Protocol by the attractive project for investment.

    Website: https://www.quadrantprotocol.com/
    Telegram: https://t.me/quadrantprotocol
    ANN: https://bitcointalk.org/index.php?topic=3676988.0 

    Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1803005 

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    wants to make is monetization