With the bear market possibly coming to an end, now seems to be a great time to invest in crypto again. And with altcoins having lost even more value than BTC, many people are eyeing altcoins to achieve the biggest returns. A popular coin among more seasoned crypto investors is Qauntstamp (QSP), which in one of my previous articles I have dubbed as one of my top 5 altcoin investment tips as well.
But other than just investing in them and subsequently forgetting about it, which seems to be something a lot of us do in crypto, you might want to give this article a read-through to understand how you can benefit further from your QSP investment and its community driven program called 'Proof of Caring.
First, what is Qauntstamp?
Put simply, Qauntstamp is an auditor of smart contracts. Though they also do more on security, smart contract audits are really what they are known for. What this means is that any organisation who is creating smart contracts (ICO's mostly) can request a security audit on their smart contracts. This would result in a vulnerability report provided by Quantstamp which is paid for by firms in QSP tokens (25 per smart contract). Additionally, ICO's requesting a full security audit are reserving coins to be distributed to QSP holders via airdrops. It has been suggested in a separate medium article that as much as "1–3% of each new coin’s total supply will be reserved for this purpose."
Sounds great right?
It is great, but.... You need to do a few things for that besides investing your precious money into the token. You also need to spend a bit of time on helping the project/community via the 'Proof of Caring' concept. It is a way to ensure people who gain from the airdrops, are the ones who are bringing most value to the community.
"Proof of Caring provides our community with the opportunity to help us think outside of the box and to also contribute their unique talents to our project. By integrating the talents of our community with the talents of our team, Quantstamp will be able to develop a better protocol and enhance its adoption."
So how does it really work?
To be eligible for airdrops you need to register on the PoC page and fill in the following information:
- Full Name
- Telegram Name
- Email address
- Country of residence
- ETH wallet address where your QSP tokens are held
- Your "Proof of Caring"
The amount of airdrop tokens you will receive is dependent on your PoC score. As per one of the latest Quantstamp Medium articles on this topic, the following factors will determine this score:
"Connect us with the community "
"Providing the Quantstamp team with advice "
"Doing work for the team"
"Your existing history of support with the Quantstamp project"
"The super secret events for those that have proven they are the very best"
So if you are willing to invest some of your time on top of your crypto investments, maybe QSP is something for you?
As always do your own research and stay tuned!
Images:
https://cryptovest.com/news/quantstamp-ico-exceeds-pre-sale-target-by-95m-public-sale-begins-today/
References:
https://quantstamp.com/
https://caring.quantstamp.com/
https://medium.com/quantstamp/proof-of-hodl-announcement-d6de05a0d531
https://medium.com/@cryptofela/quantstamp-qsp-airdrops-a-good-investment-for-2018-17d73b4f6e38