“How Quadum Could Have Stopped the 2008 Financial Crisis” is the headline to an article on CCN published on the 18th of January. Okay, it’s an advertisement – a ‘sponsored story’ – so it must be approached with scepticism. The author, however, makes a convincing argument that the financial meltdown of 2008 was a result of a monopolizing cabal of credit rating agencies bestowing AAA ratings to junkyard-worthy securities, with the banks and regulators going along for the ride.
A crowd-sourced system such as Quadum, the author argues, could have prevented this from happening. How? Because a system that promotes input from all experts, who are rewarded by tokens for their accurate input, would have spotted the gaping fallacies in these ratings at an early stage, giving investors a clearer picture of what was happening to their investments.
That article was written by Tom Clancy. Probably not the same Tom Clancy who wrote The Hunt For Red October, but it’s a fun thought (that Tom Clancy died in 2013). If you accepted Sean Connery as a Russian submarine commander in the movie version of that book – Scottish accent and all – you might be able to swallow the sweeping, low-detail, ambitions of this ICO.
At its heart, Quadum has an excellent idea and offers a low-cost investment that could reap a large reward. Just don’t ask if anyone knows how it’s going to work.
Quadum proposes a decentralized data analysis model to predict trends in global stock markets. Currently, there are hundreds of systems trying to predict what’s going to happen next to the market, but they work in competition with each other and use different methodologies.
Quadum wants to invite the data scientists of the world, and anyone else who has an interest, to contribute using blockchain technology. These experts will be incentivized and rewarded with tokens. In the first phase, the pre-existing ‘Meta-Model’ will use data from current industry sources, but over time it is hoped that this outdated information will be overtaken by Quadum’s decentralized data which will be more accurate.
Quadum hopes to solve the problem of overfitting. No, overfitting is not what your pants do after all that Christmas cake; it’s a statistical problem that occurs when a model cannot function properly because of too much data noise.
The token sale
5 Billion QDMs will be generated, 26% of which will be released in the ICO. 3.7% will be released in the pre-sale.
For phase one, Quadum hopes to raise $30 million from the sale of 1.2 billion tokens, with each priced at $0.02.
There are no dates for your diary yet, but if you are interested, now is the time to climb on board the submarine before it departs. The low price of tokens will tempt investors who are happy to put their faith in this project at the early stage of its development.
Once created the distribution of the token will look like this:
• Development – 30%
• Token sale contribution – 30%
• Team share – 10%
• Token released in ICO – 26%
• Pre-sale tokens – 3.7%
• Bounty tokens – 0.3%
Currently, Quadum has a website, but information is sparse. Google just wants to tell you about Quadrum, which will hopefully change over time. The figures on social media look like this:
These numbers aren’t bad considering Quadum has only been in existence for a couple of months, but potential investors would hope to see the company represented on other platforms such as Telegram and Medium before they feel comfortable about the ICO’s prospects.
Quadum has a small team based in Tbilisi, Georgia:
Whitepaper and website
There is no whitepaper yet, but an executive summary outlines the ICO ambitions. Like the rest of the site, it’s short on detail and investors will be taking a punt on the ICO’s core ideas rather than on specific details at this stage. The website is nicely laid out and unfussy.
The devil, as we know, is in the detail. Just how Quadum delivers on its promises remains to be seen, but those who play the markets will prick up their ears at anything that might deliver accurate data and analysis. With the Australian stock exchange expected to fully adopt Blockchain this year, ISO investors and hedge fund managers will be looking for an edge over their competitors and the promise of having the world’s brightest-and-best’s predictions and data all in one place is tempting indeed. At 0.02 per token, now is the time to take a chance on this risky but potentially rewarding ICO.