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Q-City

Implement a Business Platform

Qcity is a cryptocurrency that is traded on the exchange like existing cryptocurrency, and Qcoin solves the problem of price volatility and the delay of payment time by maintaining a fixed value of 1:1 with each local currency. Qcity is a utility cryptocurrency that built on the Q-platform as a blockchain-based business platform and is used within the Q-platform to create separate trading vehicle called Qcoin. At the Q-platform, merchants will deposit Qcity into the deductible fund under the autonomous protocol and deposit transaction service fee will be paid by Qcity.

3.4
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Benchy 3.4
KYC
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Review: coming soon PRO
Ended
Token
QCTN
Type
Price in ICO
0.0450 USD
Country
Whitelist/KYC
None
preICO start
11th Mar 2018
preICO end
31st Mar 2018
ICO start
24th Dec 2018
ICO end
28th Feb 2019
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Changelly

About Q-City

Qcity is a project that was directly planned by Qnapse, a company specializing in the development of blockchain services made up of fin-tech experts such as point & pay, settlement, and security engineers.

Within the Q-platform operated as a private blockchain, it forms a collaborative community without intermediaries.

Using smart contracts, it is possible to fund and operate mutual loans between p2p-type merchants and share infrastructure, manpower and materials.

The Q platforms member-stores become each node, able to participate directly in the platform operating and making decisions for mutual benefit receiving various services such as joint purchase or contract and generate profits.

Q-Platform will provide various services that were originally outsourced.

Members will be able to share and find such services within the platform that can be sourced and delivered to the members of Q-city.

Qcity main-net and related services were developed in November 2017. The reliability of the block and network has been reviewed by operating the main-net stably for more than one year.

The development team proposed a new algorithm called Proof of Online (PoO), which added a process of verifying that the block was created online as a precaution against BWA(Block Withholding Attack), a kind of 51% attack.

PoO was registered by the Korean Intellectual Property Office.

Qcity has applied PoS+PoW+PoO the consensus algorithm to compensate for the disadvantages of the single method PoW.

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