Qompass – Gateway To Financial Markets
Welcome to blockchain technology. A trustless, transparent and incorruptible technology. A blockchain for financial markets services and applications introducing Qompass, a new generation secure blockchain designed for high-speed transactions to update traditional financial markets using easy to implement smart contracts with artificial intelligence capability.
QOMPASS is a block chain platform that aims to offer entree to financial marketers. The net uses its native token QPS, a toke sale for QPS starts in April 2018.
The Qompass powered app enables you to access all the products and services offered within the compass ecosystem as well as doubling as a wallet capable of sending up to 1,000 payments at once cutting costs and saving valuable time. The Qompass card is a smart card where wallet and payment card, you can easily use to withdraw FIAT currencies at ATMs, make payments at point-of-sale and an online shopping as well as safe keep your crypto assets in a secure environment.
Vision of the project
Qompass’s vision is to restore the trust of traders in the $ 294 trillion financial market by using the full blockchain taxonomy functions to make every counterfeit transaction prove and corruption free.
How does Qompass work?
Qompass’s long-term goal, Whitepaper said, is to “block most of the $ 294 trillion global financial markets, restore confidence and eliminate complex procedures and corruption.”
That is an ambitious goal, so how will Qompass achieve these goals? Here are some core functionality of the platform:
– Faster than Ethereum or Bitcoin
– Supports over 30,000 transactions per second
– A self-aware blockchain supported by artificial intelligence
– Fully customizable and expandable
– Support for smart cross-chain (intelligent contracts that operate on multiple blockchains).
– Low transaction costs
– Compulsory and anonymous
– Built to support financial transactions and high frequency transactions.
Qompass also relies on a function called “proof of state.” The main purpose of the Qompass node is to verify the status of the contract and identify the “proof of state”. Rather than following the traditional techniques to exploit new blocks and unnecessary cycles, Qompass only requires licensed nodes to verify the creation of new blocks.
Because of lack of knowledge or hearing more bad than good, which mostly comes from proponents of the traditional finance system most people are afraid of proceeding into cryptocurrency.
In the simplest form cryptocurrency is a digital currency. To financial transactions and exchanges it is a novel and technological approach. As a medium for ransom payments, and other activities it became well-known as a preferred exchange method for terrorists. Intermediary and centralized control which currently needed to make up the financial system is eliminated by this.
• Not controlled by government or any single company: it is a decentralized system of operation as it operates independent of the banking system.it doesn’t have a central bank. It doesn’t have any laws, rules and regulations of any country, government, bank, corporation, nor system.
• It is secure: Cryptocurrency uses cryptography and other technologies to ensure the safety, security, and integrity of transactions, and the system as a whole by encrypting and regulating the system. Many Cryptocurrencies ensure that private information of the parties which are involved in a transaction is kept private. So It is difficult to trace, seize, or freeze transactions unlike currencies and transactions under traditional decentralized banking system.
• Easy to use: A smart device and an internet connection is all that is needed to access the cryptocurrency. There are no any complicated and heavy paperwork, representatives, nor commissions to deal with.
• It is fraud proof: as transactions are verified by other parties which are known as miners, Cryprocurrencies cannot be faked. They cannot be altercated or reversed once they are confirmed.
• Low cost: It is not bounded by any transaction fees, inflation, exchange or interest rates.
• Operates a peer-to-peer system.
• Users are having the full control of their currency: All the money is owned and payments are controlled by the cryptocurrency account owner.
Sales of QPS Tokens
The platform sells its QPS token during token sales starting April 6, 2018. There is a total supply of 33 million QPS tokens, with over 20 million avails during token sales. More than 60 percent of complete token supplies will be sold to the crowd, with the remainder allocated for development and research (20 percent), 5% advisers, 10% marketing and 5% legal fees.
The previous QOMPASS platform has collaborated with KuCoin, Cryptopia, Binance, OKEX, HitBTC, and Huobi as all of these are listed as expected crypto exchange on the official QOMPASS website. Although, we can not find any evidence that this crypto currency exchange will register QPS at any time in the future.
Price: 1 QPS = 0,0013 ETH
Receiving: BTC, ETH
Soft cap: 5,000,000 USD
Hard cap: 10,000,000 USD
Whitelist / KYC: None
Country: Hong Kong
Qps is the fuel that drives Qompass Blockchain
For more Information:
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=3206704.20
Bitcointalk Username: Chinedum
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2010004