ICO Review: QUANTA Chain (QDEX)
Tags: Technology, Money, Ethereum, Bitcoin, Investing

Build fast and secure digital assets exchange across any token/blockchain using the QUANTA Chain Infrastructure, comprising of QUANTA Blockchain, trust wallet, and token model.

Introduction

QUANTA Chain is positioned to be the fast, open, scalable public blockchain for digital assets exchange across any blockchain where liquidity is provided instantly to user on any app, platform, or exchange.

QUANTA DEX will be the first use case on QUANTA Chain.

Comparison of centralized and decentralized exchanges

Centralized exchanges​ still dominate​ the trading volume by more than 99%​.

Problems with centralized exchanges

Risky : stores order books, customer balances, … on traditional databases; holds your funds; holds the private key

: stores order books, customer balances, … on traditional databases; holds your funds; holds the private key High Listing Fee: high operations overhead; high listing fees between $500k and $2m

Problems of current decentralized exchanges

Blocktime : limitation by block time of the underlying blockchain platform e.g. 15+ seconds

: limitation by block time of the underlying blockchain platform e.g. 15+ seconds Scalability : number of transactions are limited due to the underlying blockchain (e.g. 13 TPS on Ethereum)

: number of transactions are limited due to the underlying blockchain (e.g. 13 TPS on Ethereum) Liquidity: low liquidity or shallow order book

QUANTA’s Solution

Fast consensus

Distributed memory pool

Fast commits

Starting with 500k orders per second and scaled to 5m in the future

Quanta Blockchain

Dual Ledger BFT (Byzantine Fault-Tolerant) Consensus

P2P distributed memory-pool

Smart Contracts Support (in the future)

Quanta Trust Wallet

Enables cross chain trading

Holds external blockchain tokens

Supports fully decentralized keys

Secured by an AI-driven detection and response system

Quanta Token Platform

Platform for fundraising

Platform for exchange service

ICO tokens can be traded right after the ICO

Business Model

Fee distribution model

Both QUANTA (20%) and the community (80%) get revenue, distributed from the fee pool. QUANTA uses those funds to further improve the blockchain, do marketing and promote partnerships.

Our Rating

Project

Type : Infrastructure

: Infrastructure Stage : Prototype (pretty early stage, not much information available)

: Prototype (pretty early stage, not much information available) Peer Group : Smart Contract Platform / Decentralized Exchange

: Smart Contract Platform / Decentralized Exchange Blockchain : Own blockchain

: Own blockchain GitHub : available, but the interesting stuff is still in private repositories

: available, but the interesting stuff is still in private repositories Centralized as well as decentralized exchange prototype in Q3/Q4 2017

Wallet development start, beta registration and internal testnet launch Q2 2018

Idea

Disruptive, trying to solve a real pain point

Competition is medium; other cross-chain DEXs like e.g. Switcheo and NEX are competitors to QUANTA DEX. The closest competitor to QUANTA Chain is Wanchain (financial cross-chain smart contract platform focused on asset exchange)

Team & Advisors

Quoc Le (Co-Founder & Managing Director): Loads of experience in (technical) lead positions; has working experience at IBM and PayPal (only for 9 months each though) but also worked at some larger companies.

(Co-Founder & Managing Director): Loads of experience in (technical) lead positions; has working experience at IBM and PayPal (only for 9 months each though) but also worked at some larger companies. Afonso Barbosa (Co-Founder & Director of Marketing and Operations): Former CTO of a leading touchscreen production company in Portugal. Lots of experience in product design, research, team and project management.

(Co-Founder & Director of Marketing and Operations): Former CTO of a leading touchscreen production company in Portugal. Lots of experience in product design, research, team and project management. Minh Do (Chief Scientist): This is the distributed system scientist/research all-star behind the project. He worked at Netflix for 5 years and is the creator of Dynomite (https://github.com/Netflix/dynomite).

(Chief Scientist): This is the distributed system scientist/research all-star behind the project. He worked at Netflix for 5 years and is the creator of Dynomite (https://github.com/Netflix/dynomite). Zhongwu (Evan) Shi (Business Development): Formerly worked as a frontend developer, so he does not seem to have experience in business development.

(Business Development): Formerly worked as a frontend developer, so he does not seem to have experience in business development. Sergey Zhuravlev (Wallet & Security Engineer): Has quite some experience in software development and data science. One was his former projects was seemingly related to cyber security.

(Wallet & Security Engineer): Has quite some experience in software development and data science. One was his former projects was seemingly related to cyber security. Fairiz Azizi (Special Projects): Forward thinker with loads of experience in software engineering. His role at QUANTA is unclear though.

Tokenomics

Passive income via holding the token

The more the platform is used, the more the token value should increase

Founder and advisor token are locked for 4 years with 1 year cliff

Token supply is stable (no inflation, no deflation)

Community

~8k in Telegram (not maintained though)

~8k on Twitter

230k+ beta registrations (should be taken with a grain of salt because you get up to $75 for signing up)

Not much hype, pretty under the radar

Roadmap

Q1 2019: Mainnet

Q2 2019: Sharded BFT consensus

Q3 2019: Smart contract & ICO platform

Past & future roadmap

Tokensale

Community rewards are released over the course of 20 years

Private Sale : since 01.06.2018

: since 01.06.2018 Public sale : 01.08.2018 (Whitelist since 01.06.2018)

: 01.08.2018 (Whitelist since 01.06.2018) Total supply: 400m (60m + ? sold (60m in private sale))