What is QSP coin? Information, Price & Outlook for Quantstamp
What is QSP?
QSP is the token for Quantstamp, an auditing system for Ethereum smart contracts. They do aim to take Quantstamp to other blockchains in the future.
Pros:
- Quantstamp aims to fix a fundamental problem in smart contracts security.
- Quantstamp has a huge amount of community support.
- QSP tokens will apparently have a high level of burn within the ecosystem. Meaning token value could rise exponentially.
Cons:
- Despite the token being used in the ecosystem there is little incentive to hold if not auditing.
- The promise of an automated auditing system is alleged to encourage potential hackers.
- If Ethereum and other blockchains build auditing in as standard where does it leave Quantstamp?
Official Video:
Comparison:
- SmartDec: smart contract auditing.
- Iosiro: blockchain auditing.
Competitors:
- Hacken
- Solidified
- Consensys Diligence
2018 Market Outlook:
Value as of March 3rd 2018 - $ 0.229441
"Do you have a 2018 Market Prediction for QSP? Tell us in the comments"
Intelligentsia:
- Richard Ma, Co-founder and CEO
- Steven Stewart, Co-founder and CTO
- Evan Cheng, advisor to Quantstamp and Director of Engineering at Facebook.
Milestones:
- April 2017, the Quantstamp concept was put forwards.
- July 2017, the prototype and white paper was created.
- November 2017, Quantstamp ICO. Raising $30m.
Roadmap:
- April 2018, first official testing for the network.
- May 2018, Quantstamp Hackathon.
- July 2018, token holders vote for mainnet.
- August 2018, launch mainnet.
- October 2018, add smart contracts insurance.
Supply:
- Total Supply: 976,442,388 QSP
- Circulating Supply: 617,314,171 QSP
- 65% of the tokens were distributed during the token sale.
- 20% is allocated for the team and advisors.
- The core activities reserve gets 10%.
- 5% goes to community development.
Function:
- Quantstamp is an auditing network, connecting developers and users in a proof-of-audit.
- The network allows for automated checks on the vulnerabilities of smart contracts.
- The network automatically rewards those who identify bugs, encouraging the network to always be in top condition
Usage:
- QSP tokens are used when having smart contracts verified.
- QSP tokens are rewarded as such:
- To those who verify smart contracts.
- To those who run Quantstamp validation nodes.
- To those who find bugs.
Our goal with all Full Tilt Crypto profiles is to simplify and make accessible the vast array of information available. If we've failed to include any information or made errors please let us know in the comments below. If you would like to know more about Full Tilt Crypto check out our Introduction here.
