Quadrant Protocol Network ICO
About Quadrant Protocol
Quadrant Protocol is a blockchain based protocol that allows access, formation and distribution of products and services with main focus being authenticity and tracing the origin of the same. All the data that is processed need to be stamped publicly so that its origin is always known.
Any stakeholder will have the power to know about it at any given point of time. Here, stamping of data is key. It will ensure that data which is received is the same as that was produced. If these two don't match, clients will get in touch to solve this problem. Mike Davis is the CEO and founder of Quadrant Protocol and has plenty of experience in working with big IT industry players.
Quadrant Protocol's Innovation
The company has developed a strategy to make sure that the integrity of the transactions are maintained. And this strategy as mentioned above, is called public stamping of data.
Initially, the data is stamped in the Quadrant network creating its DNA fingerprint. For usage of the data, the data consumer need to authenticate the same. This is going to help in legal compliance and making the delivery of large amount of data with proper audit trail.
Token And ICO Date
Two different currencies are being used by Quadrant- eQuad and Quad. Quad is to be used only on the Quadrant network. eQuad is an ERC-20 standard compliant e token which is based on the Ethereumblockchain. This token can be easily sold and converted to Quad token when the Quadrant network mainnet will be released eventually.
Quad is a non refundable token which was released with the goal to be a secured mode of payment for users of the Quadrant network. It must be noted that owning of Quad token does not indicate any right, interest, title , ownership or shareholding in the company and the token can exclusively be used on the Quad network.
About The ICO Token Sale
eQuad token can be purchased via crown sale whose date is yet to be announced. The hard market capitalisation is placed at 💲20 million whereas the soft cap is placed at 💲30 million. Only Ethereum token can be used to buy eQuad. Participants who fail to pass the KYC process or citizens of USA, China, Canada and Korea are not allowed to participate in the buying process.
The eQuad token which remain unbought will be transferred to a reserve for future token sale for a minimum period of two years from the date of the crowd sale. There are total of 1000000000 eQuad tokens which will be distributed as : 40% via crowd sale, 20% will be kept by the company as reserve, next 20% will be distributed to the stakeholders and the rest 10 % will be distributed to the team. The token held by the company as reserve will be used for the growth of company.
eQuad tokens will be locked initially but can be transferred after a period of 5 years. As already mentioned above, these tokens are non refundable and can not be converted for cash.
With new advancement in technology, more and more people are relying everyday on the same. Blockchain technology has a promising future and experts see it as a breakthrough in the way people are going to do transactions in future. With Quadrant network's innovative feature, people can check the authenticity of data easily which will help them legally as well as financially. You can check more on this website - https://www.quadrantprotocol.com/ - for more information on this company and its ICO token offers.