Qtum (QTUM) Cryptocurrency Economic Model and General Information

What does it do?

Qtum is an open sourced public blockchain platform which allows to use business-friendly smart contracts, decentralized application platform and customize solutions for enterprise clients.

Key Features

  • Decentralized Governance Protocol (DGP).
  • Abstract Account Layer.
  • x86 Virtual Machine.

General information

Company NameQtum Foundation Ltd.
Incorporation dateNovember 28, 2016
Incorporation Address100 TRAS STREET
#16-01
100 AM
SINGAPORE (079027)
Websitehttps://qtum.org/en
Bloghttps://blog.qtum.org/
Phonen/a

Economic details

Crypto CurrencyPrice (Euro)24H % Change
QTUM
2.81-0.78%

Initial Funding & Distribution
TickerQTUM
Token TypeERC-20 (on October 4th, 2017 Ignition Tokens took place)
Total Supply Sold51 000 000 QTUM
Total Amount Raised15 000 000 USD
Price During the Crowdsale0.3 USD
Hard Capn/a
Whitepaperhttps://whitepaperdatabase.com/qtum-whitepaper/
Token Distribution51% Crowdsale (51M QTUM)
8% Angel Backers (8M QTUM)
12% Team (12M QTUM)
9% Marketing (9M QTUM)
20% Business development (20M QTUM)
Distribution of Funds raisedn/a
Crowdsale DateMarch 12, 2017
Sources:
https://blog.qtum.org/qtum-circulating-supply-updated-791039236da0
Top 100 Holders Collectively Own 76.02% (76,954,031.46 Tokens) of QTUM.
Source: https://qtum.info/

Social Media

Team

 TitleNameLinkedin
FounderPatrick Dai
Chief Information OfficerMiguel Palencia
Head of PR&MKTStella Kung
Marketing DirectorJohn Scianna
Business Development DirectorNatalie D.

Development

Total number of Commits109 408 Commits (78 Repositories)

Partners

Amazon Web Services – a subsidiary of Amazon that provides on-demand cloud computing platforms.

Celer Network – a technology that brings internet scale to existing and future blockchain off-chain scaling techniques.

bluzelle – a decentralized database.

360 Finance – one of the largest FinTech companies in China.

Baofeng Bokocloud – launched by Beijing Baofeng Xinying Technology, a subsidiary of Baofeng Group (Shenzhen Stock Code: 300431), Baofeng Bokocloud is the world’s first Blockchain Consensus Network (BCN) platform.

Energo Foundation Pte Ltd – the largest clean energy producer in Philippines.

Bingo – an entertainment platform for decentralized blockchain.

Competitors

Ethereum – a decentralized platform that runs smart contracts and it allows developers to create their own decentralize application.

Lisk – a blockchain application platform that helps developers to build blockchain applications and deploy their own sidechain linked to List network.

NEO – a smart economy platform where users can digitize assets using the decentralized network of blockchain technolohttps://omisego.network/gy and digital identity.

AION – a platform for building decentralized applications.

Waves – an open blockchain platform which allows tokenization.

Potential market and clients

The adoption of Qtum mainly depends on the demand for businesses to integrate blockchain.

Utility and economic dynamics

  • QTUM can be used for staking.
  • QTUM can be used as a transfer of value and paid for fees on the platform.