ICO Daily (19 Oct): Proof of Care – Quantstamp

Proof of Care – Quantstamp

It looks like smart contracts might be protected by Quantstamp – the Protocol for Securing Smart Contracts. They are building a technology that will protect the users and investors with scalable proofs of audit.

Quantstamp is designed to find vulnerabilities in Ethereum smart contracts. Also, it looks like they have a really experience team with PhDs and industry experience. Not to mention that they have a powerful advisory board which will stop them from taking the wrong path.

Quantstamp team claims their product to be Cost Effective, Scalable, and Secure. They want to take part in auditing smart contracts, so the cost-effective code auditing is integral. Their Quantstamp protocol is designed to scale, adapt and verify all Ethereum projects. They are aiming to become the fundamental part of the mainstream adoption for Ethereum. Moreover, centralized audits are prone to insider attacks, but the Proof-of-audit is designed in a way to prevent result manipulation from the outside.

Quantstamp has already performed an audit on Request Network – a decentralized network for payment requests. The results were great, you can find the full analysis here: Request Network Audit 

 

 

They are also launching an ICO: 

Hardcap: $30M, including both presale and crowdsale (The cap has not changed)

Presale: $11M (10/9/17–11/9/17)
Decisions about individual allocations will be made on a rolling basis. How much allocation you get and what tier you are in will be based on the quality of your Proof of CareYou need to submit your Proof of Care on this form.

  • Caring level 1 ($3M): 1 ETH = 10,000 QSP (unchanged)
  • Caring level 2 ($4M): 1 ETH = 7,000 QSP
  • Caring level 3 ($4M): 1 ETH = 6,000 QSP

Crowdsale: $19M (11/15/17–11/22/17) The crowdsale will have individual caps so that everyone on the whitelist can participate. Due to individual caps, no proof of caring is needed for the crowdsale.

  • Crowdsale ($19M): 1 ETH = 5,000 QSP

 

 

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