Today’s Sponsored ICO is Quadrant, a Blockchain-Based Protocol For Data Economy.
This is a sponsored review, not financial advice and if you wish to invest you need to perform your own due diligence.
Quadrant is a blockchain-based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core. The data economy is similar to space; unmapped and chaotic. Quadrant serves as the blueprint that provides an organized system for the utilization of decentralized data. It looks to solve problems currently facing data economy, such as the widening AI data access gap between large and small companies; fake and unauthentic data destroying the usefulness of any algorithm; unsustainable data feeds breaking production systems when they go offline; and unfair revenue distribution for the original data producers.
The goal of Quadrant’s platform, is to develop a blueprint that provides an organized system for the utilization of decentralized data. Quadrant maps disparate data sources so that new, innovative data products can potentially be created to help companies meet their needs. The main features of the project are Proof of Data Authenticity, which requires all data to be publicly stamped so that its origin and provenance can be verified; Constellations, special smart data contracts for disparate data sources, which are intended to level the playing field, giving everyone access to the data they need, when they need it; and Fair Remuneration and Incentive Sharing.
Quadrant’s ultimate goal is to create a platform which offers an infrastructure facilitating the exchange of DaaS and AI services between organizations. It enables vendors to sell their data with the use of smart contracts. Likewise, it enables buyers to purchase data and trace its authenticity and provenance through the network’s data stamping verification system. In turn, this enables DaaS and AI service firms to build new products and services on top of the infrastructure and network.
As for the ICO itself, it has a good rating on ICOBench, although only 2 experts have contributed so far. The website is well laid out, and so is the whitepaper. The team seems well-seasoned and already has good partnerships aligned. Their whitelisting concluded within 22 minutes of going public and the team recently signed new partnerships with Chainrock, Kenetic Capital and the government of Singapore. It is also now part of the Draper Network. Quadrant has already launched their testnet- Mainnet which is going live soon and already have clients lined up.
Token economics: although the ICO or Token Generation Event (TGE) date is yet to be announced, the Crowd-sale will have a Soft Cap of $3 million and a Hard Cap of $20 million. The currency accepted for purchase of the token will be Ether (ETH) and the price per eQuad token will be $0.05. The project requires a whitelisting process, and citizens from the United States, Canada, New Zealand, China and Korea won’t be able to participate. There is a Know your Customer (KYC) process and an Anti Money Laundering (AML) process for those who wish to participate. The unsold tokens will be held as a reserve for future sales that could be carried out within 2 years of the main sale.
As for token distribution, out of the total supply of 1 billion eQuad tokens, 40% will go to Crowd-sale, 20% will be held by the Company, 20% going to stakeholders for advisory, security and operational purposes, 10% as a reserve and 10% for the team. The fund allocation will work as follows: 35% for business and network development, 30% for platform enhancements and SDK development, 25% for operations and security, 5% for legal, accounting and compliance and 5% for treasury.
As mentioned before, the TGE date has yet to be announced but you can check the project out at https://www.quadrantprotocol.com/ today.