Quadrant network is the blockchain-based network system. It aims to build an address for the non-transparency issues into the data industry and this will lead the companies to trace the data sources in a compliant purpose of ensuring the data to be paid. This network utilizes two different types of currencies for the protocol named as eQuad a and QUAD. The major component is QUAD with the native digital cryptographic and secured functionality. On the other hand, eQuad is digital tokens compliant with ERC-20 Ethereum based blockchain. eQuad is referred to the placeholders of the tokens prior to the launch of mainnet with the reference of QUAD. The eQuad and QUAD both tokens have been designed to complement each other for keeping the network run within the economy at full phase.
Purchasing QUAD
The Quadrant network requires the token QUAD as it is committing the activities. The users can produce the eQuad tokens by the initial crowd-sale. Then the eQuad can be converted into QUAD in terms of using the network system of Quadrant blockchain. The gateway conversion will happen in 1:1 situation for eQuad to QUAD. The token acquisition for further channels will be announced for future.
Structure
Quadrant enables simple and complex aces satructure within the network system. The QUAD token will be used as the medium of exchange to serve the settlement of transactions of Quadrant network. The stamping and verification process needs to be authenticating the data for the execution of constellations in requirements for processing of QUAD. Then the token will be used for purchasing data while Pioneers will receive QUAD as remuneration. As it is the first fiat currency, QUAD also can be used for settling the transaction phasing out as the development of the ecosystem. By the access of data sets, Elons will stake QUAD for the experimentation and trials. Pioneers will facilitate multiple tiers in different types of staking levels. The additional services will need to have QUAD tokens for having settlements in addition to the Quadrant network over time.
Stamping and Verifying Data
QUAD will be used for the submission stamps for the network. Such payments will be paid for the Guardian Nodes as incentives for the verification of transactions. This will submit the proof of the Quadrant network. Also the data consumers and Elons this will be able to verify the data in the Quadrant network via open-source clients.
Simple Subscription Payments
It is required for QUAD to execute the constellations by making the payments to go the Guardian Nodes. It adds value to the QUAD of the data being transacted will be set by the entity that creates constellation which is known as Pioneer. The data consumer will receive the standardized data products. Pioneers can be priced their data in QUAD either by pegging or floating it having a fiat currency.
Future Services
Quadrant develops some new and premium features with the service where it can be added will require QUAD while others may be sunset. Quadrant is settling up to be a self-sufficient network. It is the ongoing updates and innovation can be expected.
Quadrant is providing an infrastructure
acilitating in exchange of DaaS and AI services among the organizations. This enables the data vendors to sell their data for the use of data smart contracts. The buyers can purchase data and trace it authentically by the provenance through the network’s data stamping verification system. The system also enables the DaaS and AI service firm building a new product and service on top of the infrastructure and network.
Website : https://www.quadrantprotocol.com/
Telegram : https://t.me/quadrantprotocol
Ann Thread : https://bitcointalk.org/index.php?topic=3676988.0