Qlink ICO - quite an interesting idea
by Dakro2017
Qlink is building the world's first decentralized mobile network. The existing telecom industry is slow, rigid and ripe for disruption. Through the integration of blockchain, users can contribute to the network by registering and sharing their telecom assets such as mobile data cap or SMS, essentially becoming virtual service providers themselves.
This will also give users the freedom to purchase services in a much more flexible way. For example, I could use Qlink tokens to buy mobile data when traveling abroad instead of incurring roaming costs, or content providers could use Qlink tokens to push their media to their intended audience without incurring mobile data consumption for their customers. (my next-door neighbor could be my internet provider, or content providers could purchase mobile data direct from data distributors.)
Qlink users will also be able to purchase data from traditional service providers through the platform, creating more options for users to customize flexible packages.
Qlink is launching its own BaseStation that will contribute to Wi-Fi and 4G coverage, meaning the network will have a decentralized infrastructure. This is a small device that's no bigger than a regular Wi-Fi router and will cost around $150.
The BaseStation is a solution to a whole range of problems. Firstly, it will allow the users to bring coverage to remote regions or areas prone to black spots. Secondly, it can help handle a load of mobile traffic in high population areas. Have you ever found it hard to get reception at a concert? Event organizers could bring in a few BaseStations to create more signal. Thirdly, it provides an alternative option to the traditional method of capital expenditure on infrastructure that would otherwise be required to roll out coverage to new areas.
Think about developing countries. Instead of spending a billion dollars on new infrastructure, we could simply deploy Qlink BaseStations and create coverage in a faster and more cost-effective way. Large organizations could register their corporate content to be distributed so that their employees, consultants, and partners all over the world would be able to receive it without incurring mobile costs, which is huge for global companies supporting a "bring your own device" model for mobiles.
It's important to note that the Qlink BaseStation can both supplement existing networks as well as create new coverage, so the Qlink concept on a whole is not dependent on the BaseStations being deployed but rather enhanced by it.
In addition, Qlink has signed an agreement with Chinese electric vehicle manufacturer, Cenntro Auto, to integrate the Qlink BaseStation into their cars. This will allow Cenntro Auto to provide V2X services for the burgeoning internet of vehicles.
Every car will be registered on the NEO blockchain as a telecom asset and will use Qlink for mobile data billing, making it a perfect IoT solution. Production will begin after the BaseStation is complete in Q4 2018, meaning QLC tokens are already set up to have real utility.
As an added kicker, the BaseStation also has mining capability. So, when it is not being used for its data signal, it will mine the Qlink chain to process transactions, contributing to the security of the network and earning QLC tokens for the owner.
The Wi-Fi sharing market is huge. The biggest Wi-Fi sharing company in China has a $5 billion valuation alone. One problem is that Wi-Fi connections are insecure. If you Google "How do I steal a Wi-Fi password", you'll find plenty of information that will help you do just that. Qlink, on the other hand, can use the blockchain to authenticate a Wi-Fi connection and authorize the P2P distribution of a password direct to the users’ device. This is inherently more secure than current methods of Wi-Fi sharing.
In addition, it's expensive to set up and manage Wi-Fi on an enterprise level, so businesses who provide public Wi-Fi hotspots will look to offset costs with advertising. Qlink will also allow the sharer to set up smart contracts, meaning they can be rewarded for sharing their connection in QLC tokens through billing, donations, or by participating in content distribution.
Speaking of content distribution, Qlink's content distribution platform enables never before possible use cases. By accurately being able to track and record when content is accessed, Qlink can bill data usage not only to the user accessing the content, as is the traditional method, but it is also possible to bill the data to a third party.
This means content providers like video streaming services, online education platforms, and perhaps even cloud storage providers could sponsor the cost of data required to access their content and take that burden off the users.
This technology also allows content owners to reward users for viewing content. QLC bounties can be set and distributed to users who consume sponsored content. Potential use cases could be a movie studio incentivizing viewing of a trailer for an upcoming movie, or a new TV series incentivizing people to watch the first episode to get them hooked.
The content distribution platform benefits all parties in the ecosystem. Content distributors have a new channel to distribute and promote content, users can access content for no cost of data, or even be rewarded for viewing content, and data providers have a new revenue stream as they'll be able to sell data directly to the content providers. Qlink will also enable a QLC to fiat clearance gateway to make it easier for traditional service providers to participate and sell data on the network.
Qlink's team already have plenty of experience building mobile network technology. Chief architect, Allen Li, is a former Huawei software engineer and multiple patent owner. He also founded a company called Youyou Mobile which builds Wi-Fi devices that allow travelers to have data access all over the world. Another member of the development team, Chris Zhao, is a senior 3GPP protocol engineer who built Youyou Mobile's virtual sim from the ground up. Qlink also has many respected advisors including, Shuhuang Xie, co-founder of Alibaba Group, and Mock Pak Lum, who is the former CTO of StarHub, the second biggest telco in Singapore.
• ICO Token sales: Strategic: 10k ETH is locked up for 1 month with 30% bonus. Pre-sale 30k ETH has no lockup with 10% bonus. Crowd sale: roughly 10k ETH is sold with no lockup and no bonus.
The Strategic partners have a lockup of 1 month, but will most likely be long holders as they are actively helping/connected with the project Also, their bonus is not that steep, considering they have had to pay far in advance.
Most of you probably know by now that 'Whales' tend to be long-term investors. Nonetheless, this is worth mentioning/taken as a concern as a dump from them could take out momentum. On the other hand, the 'whales' really don't have that much of an advantage, as it’s just a 10% bonus and they have also had to pay much earlier.
Their total cap is at approximately 15M, which is quite cheap.
The Qlink tokens are NEP-5, meaning they are on the NEO chain and can be paid for with NEO. They have chosen for the NEO chain due to the high TPS and their strong connections with Onchain (Company behind NEO)
https://www.reddit.com/r/CryptoCurrency/comments/7jxt7g/qlink_ico_quite_an_interesting_idea/Maybe you could write this in layman language?? I had a tough time getting through it.
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But I remember when it was announced and it has fulfilled many many of its promises and the teams involved with it have generally been very professional,it has its place among cryptos, but my favorites are less than a buck right now.
