What does it do?
Quantstamp is a security-auditing protocol for smart contracts. It helps developers to test how bug-free their smart contracts are prior the release stage.
- Assists with integrating blockchain into businesses
- Smart Contract auditing
|Company Name||Quantstamp, Inc.|
|Incorporation Address||2030 3rd Street #16, San Francisco, CA, 94107, USA|
|Initial Funding & Distribution|
|Total Supply Sold||1 000 000 000 QSP|
|Total Amount Raised||30 000 000 USD|
|Price During the Crowdsale||0.072 USD|
|Hard Cap||30 000 000 USD|
|Token Distribution||65% Crowdsale|
20% Team & Advisors
10% Core Activities Reserve
5% Community Development
|Funds Distribution||50% Product Development (15M USD)|
30% Marketing and Community (9M USD)
15% Administrative and General (4.5M USD)
5% Security (1.5M USD)
|Crowdsale Date||December 16, 2017|
| Sources: https://github.com/ico-check/ico-check/issues/5|
|Co-founder & CEO||Richard Ma|
|Co-founder & CTO||Steven Stewart|
|VP of Legal||Linda Selker|
|Business Development||Don Ho|
|Business Development||Krishna Sriram|
|Director of Finance||Amir Marmar|
|Total number of Commits||16063 Commits (27 Repositories)|
MIT (Massachusetts Institute of Technology)
Ethereum Community Fund – a nonprofit company which provides financial support and guidance to blockchain projects.
Mythx – a security analysis API for Ethereum smart contracts.
CoinFabrik – a company which provides blockchain development and smart contracts auditing services.
Solidified – an audit platform for smart contracts.
Zeppelin – a company that also provides smart contracts audits.
Hacken Hub – a team which audits smart contracts.
Potential market and clients
Quantstamp focuses on smart contract audits and blockchain integration, therefore, the potential depends on the growth of ICO market.
Utility and economic dynamics
- QSP is used for purchasing auditing services
- QSP to be staked to assure a contract post-deployment
- At least 50% of the tokens collected from each audit are burnt
- Tokens for founding team are on a 3 year vesting schedule