Quantocoin

"Token QTCt
Platform Waves"

→ What is the justification for deploying on Waves platform since you will bring your services to the unbanked regions?

→ Who is the CEO of this project?

Looking forward to the team's response with a view to revise rating.

All the best!

Team needs to be updated here as they have on their website.
Whitepaper is not very impressive - I don't see anything new in it. They still have long time to go before ICO - the blockchain bank concept might be outdated by that time.
Saw Android App - it's very basic version with not vey intuitive graphics or usefulness.

Team - only 1 member has project listed on LinkedIn. There needs to be focus on finance, risk and operations for a project of this scale. Patrick Kluivert seems a slight misnomer here, but he was in a decent Ajax team, I guess...

Vision - essentially acting as a currency, the token is aimed at the unbanked. 2 issues, how will the unbanked adopt this when they haven't got access to the technology or infrastructure needed in most cases? How are they meant to here about the project if they don't have access to the usual channels of promotion? This project needs to partner up with infrastructure projects for the world's poorest people (who there is a massive intersection with the world's unbanked) to create an environment in which the underlying technology needed is adopted primarily before the launch of a cryptocurrency for this market. I understand the use of BLE, but there is still a need for merchants to have access to a high speed internet to settle transactions. I like the idea of the project, but the vision is a little ahead of its time in my opinion.

Product - no IOS version available, android appears to be available though, 4 on the assumption this works.

Needs to be a clearer go-to-market strategy and partners to differentiate themselves from the many other projects claiming to aim to reach out to the unbanked. Team has a big vision but right now it is unclear the steps they are taking to get there.

A very ambitious project, even if it's not the first crypto banking one, but as I always like to say, competition is the key to evolution.
What I like:
- the project's desire to help the unbanked
- the fact that they bring banking 100% to the phone, together with NFC payments, so no physical card needed
- they want to help cryptocurrency adoption and ease of use
What I fear:
- they will face regulations and will somehow need to conduct the traditional KYC/AML needed to be conducted by traditional banks, as long as they will wish to reach mass adoption. This is not a bad thing, though.

Unclear how the team would achieve anonymous transactions, moreover this clearly clash with this statement from the WP: "The QTC platform offers complete transparency due to its bio-identification technology which complies with the regulation of Anti-Money Laundering and “Know-Your-Client” provisions".

According to 6.1.3 the inner value of QTC depends on the success of the ICO, which is quite tautological.

Unclear how and why Quantocoin should have superior liquidity compared to other altcurrencies.

The WP goes on describing benefits of NFC and beacon market (?), using this as a proxy for the value of Quantocoin.

QUANTOCOIN USES CASES are same as any normal other currencies, users have no rights to cash flows, royalties, no point in it as an investment, nor as a currency.

QTC does not bring anything concrete on the table.

The team is solid but they lack a sufficient number of advisers.

They have a great vision for their company but their ideas are not new to the crypto-business community. However they are pushing to increase their market share by targeting underdeveloped regions of the world.

The product provides plenty of financial services. They are quite useful and flexible and can be used to provide P2P, B2C and B2B services