Technology has revolutionized the way we live today. Our today's internet driven societies are more dependent on technologies for every sphere of their work. Technologies like NFC (near field communication), QR codes, BLE Beacon devices have changed the way we do financial transactions. With these technologies we are now moving towards a cashless payment society.
In the recent years a new revolutionary technology called blockchain technology will transform our financial ecosystem. Blockchain backed cryptocurrencies (also known as virtual currencies) will replace our current financial payment methods. Even though the cryptocurrency is a superior technology but still there is no practical application exist in our day today life. This is because it has some fundamental shortcomings such as:
• there is no tools to make transactions with cryptocurrencies
• high volatility of cryptocurrency prices creates a loss situation
• high transaction fees
• still the cryptocurrency operations are more complex
• on demand selling of cryptos, creates high losses
In order to make cryptocurrencies mainstream adoption, the above mentioned problems needs to be solved. But now thanks to Quantocoin project, which is creating a QTC Bank to solve the above problems.
Project objective
The main aim of the project is to create a new blockchain technology powered financial ecosystem which provides secure, transparent, reliable, convenient and efficient mode of digital payment solution for day-to-day life.
Principle of operation
Quantocoin is a decentralized financial ecosystem which aims to provides a perfect solution to the existing problems of use of virtual currencies in financial sector. It creates a healthy environment for everyone to use digital currencies efficiently in day-to-day activities. It provides very simple user interface which is customizable; users will get drag and drop option to create their own customized main panel.
Main functions provided by QTC platform for users are:
• a cryptocurrency wallet; which helps to exchange crypto to fiat instant conversion, faster transfers and P2P, B2B cryptocurrency remittances
• the QTC lending algorithm helps to provide lending and microfinancing services
• highly secured social payments through internal chat messages
• users can easily manage their cryptocurrency funds portfolio
• proximity and geolocation functions are also available
• helps to build their community
All the above mentioned functions are available through applications for mobile devices running on Android and iOS operating systems. It is worth noting that the mobile application converts user's cryptocurrency balance into fiat currency; this feature helps to make cryptocurrency payments in day today micro transactions. The smartphone application helps to make easy and instant payment transactions through POS terminals, NFC, QR code and with QTC Beacon technology. These technologies helps to make daily life payment transactions securely, instantly and efficiently. All these features helps to transform our existing banking systems.
Quantocoin platform also provides QTC debit card option, which helps to make payments as like traditional methods. The Quantocoin Platform uses QTC tokens in its platform for all the operations. QTC tokens issued on waves blockchain platform and can be purchased through DTO (distributed token offerings).
ICO details and timelines
• Token ticker: QTCt
• Coins for sale: 70 million
• Token price: $1.2
• Token sale: July 1, 2018 to April 30, 2019
Token distribution
Conclusion
Quantocoin platform will definitely revolutionize our existing banking sector with blockchain technology. With its unique features, QTC platform will make cryptocurrencies mainstream adoption. Today the Crypto market needs such projects which helps to grow the crypto ecosystem. Projects like Quantocoin platform needs much public attention.
Learn more about Quantocoin project:
Website: https://www.quantocoin.io
Read Whitepaper: https://quantocoin.io/wp-content/uploads/2018/07/WP_QTC_2562018-TESTING2-1.pdf
ANN thread: https://bitcointalk.org/index.php?topic=2897398
Telegram: https://t.me/QTCcoin
Facebook: https://www.facebook.com/qtcdto/
Twitter: https://twitter.com/Quantocoin
Medium: https://medium.com/@Quantocoin
Reddit: https://www.reddit.com/user/Quantocoin/
YouTube: https://www.youtube.com/channel/UC9fCUh5XSXBsVTDJ9Bsdt1w
GitHub: https://github.com/Quantocoin
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
Waves address: 3PHSkobpbaR3vu3wKcbDXECHeaNt37yAwNd
