QTC could potentially bring people out of poverty, as it will give them access to financial and banking tools. These tools provide them with immediate liquidity and currency functionality better than the traditional banking system. We will bring these services to the unbanked regions which will allow the people there to invest, buy, pay and sell items and services, while we also improve the economy of the particular regions.
The whole system is developed based on a clear and understandable platform, functioning on smartphones as an app, but also on PC and tablets. Our QTC app will provide clear instructions and will be easy to use, providing comfortable usage to our customers.
Rated on Sep 26, 2018
Modified on Sep 26, 2018
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 They still have long time to go before ICO - the blockchain bank concept might be outdated by that time.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.
Rated on Oct 1, 2018
Modified on Oct 1, 2018
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.
Rated on Aug 27, 2018
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.
Rated on Oct 30, 2018
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.
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TeamApply as an advisor
45% - 30 November 2017 (UTC 12:00) till 10 December 2017 (UTC 23:59) 25% - 11 December 2017 (UTC 00:00) till 18 December 2017 (UTC 23:59) 20% - 19 December 2017 (UTC 00:00) till 15 January 2018 (UTC 23:59) 15 % - 16 January 2018 (UTC 00:00) till 31 January 2018 (UTC 23:59) 10 % - 1 February 2018 (UTC 00:00) till 28 February 2018 (UTC 23:59) Conditions Bonus ends on the last day of ICO or when all QTC TOKENs are finished
- Idea was born
- Business plan, strategy direction
- Licensing and company chain establishment
- Lite white papers, Legal structure and framework
- Establishment of partnerships
- Secure technical partnerships
- Quantocoin establishment
- Marketing plan
- Recruitment of talents
- Platform planning and development
- Road plan
- IP and TM registration
- Regulatory framework
- Compliance execution plan
- White papers
- Company Identity revealed
- Advisory board establish
- Partnerships with banks and liquidity providers
- Community development
- Ambassadors introduction
- Testing platform
- Launch platform and wallet (Android and iOS)
- Security audit