Follow Up
This article is a writing as a follow up to my earlier post regarding Quantstamp. here
https://steemit.com/quantstamp/@syafiq2409/most-undervalue-project
Just few days ago, Quantstamp(QSP) finished finalizing the first round of update in the Proof of Care (POC) portal.
https://caring.quantstamp.com/
Here is the newspiece https://quantstampnews.com/category/quantstamp/
For those who did not know, this Proof of Care portal is the portal for the fan, supporter n hodler of QSP to enter and update and to see their POC scoring and see the amount of airdrop they are eligible for..
On 23rd of Febuary, they release a medium post whereby QSP reveal some new content that they are looking for the POC. Personally it is a lot. I guess people with coding background have an edge here..
But don't be dishearten. You can still contribute, you just need to add creativity to it.
Simply put, if your a fan of QSP and want to take full advantage of this mechanism of how QSP rewards their hodler, supporters and fan.. As QSP do auditing and verification of the smart contract for any projects, the projects will allocate a portion of their token to be paid to QSP, in turn these token will be airdrop back to QSP token holder (correct me if I am wrong)
If this does not make sense, think of it in the framework of the traditional market.. QSP is doing audit for a company book keeping and account, from there these company pay a fee to QSP.. As the share holder for QSP company, you are entitled to the profit sharing n dividend from QSP..
(In a broader sense, but not quite accurate technically. But good enough)
Back to the POC, basically is the scoring system to reward each hodler accordingly
From official telegram chat
If scrolling the telegram is too hard, you are welcome to read this FAQ compiled by one of the members in the telegram chat group. ( If you know who, please do comment so i can properly acknowledge the good person who compiled this)
https://docs.google.com/document/d/138gspO_x6hUT4kSVMg5Lyiz4mnVYfPKbI5wXmszBZX4/edit?usp=sharing
The Proof of Care is calculated as per formula
Active Project Contribution + Community Involvement + Wallet Tracking Algorithm + History of Support = Your POC Score
read more here https://www.reddit.com/r/Quantstamp/comments/7l7khh/welcome_to_the_quantstamp_subreddit_rules_faq/?st=JDL5QTIA&sh=0f4ddadc
The exact weightage of each component have not been disclosed. From what I can understand.. This is to avoid people gaming the system.
I believe there is some merit to it, but some believe the team be transparent about the exact weightage.
There are some hodler seems not satisfied with the recent POC n Airdrop amount of XNK n INSTAR they are eligible to get. But I don't want to delve so much into it here.
This prevailing sentiment of "not so good news" cause a dip in QSP price.. In my analysis this could be the resultant of offloading of their sizeable holding into the market causing QSP to dip..
For me personally, you should be looking in a long term projection. As this space grow, more and more smartcontract will exist which need external auditing and verification to ensure its security is top notch.. Thus us holder or investor should not be so easily to jump ship when the news is not to our liking.
We must look at the fundamental and estimate the project worth. Give it time, for now QSP is delivering slowly n surely..
Give it time..
Plus if you compare QSP with other projects, they are one of the few projects that are moving.. Not like many projects, that merely announce that they will be making an announcement in the future to announced an announcement
Simple steps
- Store your QSP tokens in your MEW or hardware wallets. They should NOT be on exchanges.
2.Show your Proof of Care (PoC): Spread the good word about QSP. Write a blog post/design a graphic/make a infomercial/fan video/drive constructive discussions around QSP across social media platforms (keep it healthy and nice, we do not appreciate spams!)
Number of airdrops you get = (Number of QSP tokens you hold) + (duration you hold them for) + (your Proof of Care/community involvement)
I think, i will write step by step on how to buy QSP, secure it properly and apply for POC in the next post