A new ICO is coming to NEO called Qlink. Qlink is a decentralized mobile network dedicated to constructing an open-source telecom infrastructure on the blockchain. They will run an ICO soon which will take place on NEO and ETH. Qlink is an existing customer base of 4 million users in YouYou Mobile, an existing Asian telecom provider. This was made known through an AMA on the NEO Reddit.
Qlink has four goals:
- To create a decentralized P2P WiFi sharing network and achieve ultimate security
- To build a decentralized mobile network-based content distribution platform and enable flexible data usage plan
- To provide enterprise telecom services
- To develop crowd-sourcing base stations
Qlink will allow users to create a virtual SIM by downloading and installing an app on their phone to access the Qlink network and start using it. One day they may start selling physical SIM cards as well to allow users to access the network through traditional means.
Qlink has identified that several of their demands are best met by utilizing the Ethereum blockchain, and others are best met by utilizing the NEO blockchain. They will be using the NEO blockchain for the infrastructure part, and their own blockchain for the service part such as billing and content track record. Ethereum is involved because that is where development started on.
Tokenholders of Qlink stand to gain from being able to use free wifi and a free dataplan for specific content for the Qlink service, and secondly the profits from the mobile network will be paid to tokenholders. Additionally, there is the option of mining Qlink through a Qlink base station (which I imagine is similar to a Masternode).
This is excellent news! From the looks of it, this means another ICO is coming to NEO. I believe it will also be possible to enter this ICO through Ethereum, but that may have an interesting effect too: Ethereum's price is mainly due to the fact you buy into ICO's with it... once you are able to buy in with NEO, should that not affect both NEO and ETH? If one rises, it becomes cheaper to buy into this ICO with the other, and vice versa. As a holder of NEO, I am very positive about the fact more ICO's are coming to NEO. First Red Pulse, soon Aphelion and Qlink.
Read the AMA on the NEO Reddit by the developers of Qlink yourself!
Visit the Qlink website here
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