Latest posts of: qcitycoin

Qcity

Description

Qcity continues to grow through independent business platform.
   - Trade Qcity on the exchange and use Qcoin in real life.
Qcity is an cryptocerrency that is traded on the exchange.
Qcity is a utility-based cryptocurrency that establishes Qplatform, the blockchainbased business platform,
and creates a separate trading method called Qcoin, which is used within Q-platform.

  We use the Q-Coin, which has legal monetary value and one-to-one fixed value, for real distribution.
  We describe this as a hybrid coin

Symbol : QCT
Platform Bitcoin :
Total issue volume : 500,000,000
Initial minning : 390,000,000(78%)
Block time : 60 seconds
Minning rewards : 0.06 QCT
Minning method : PoS+PoO+PoW
Algorithm : Scrypt
Number of confirmed contracts : 6 confirms

Specialty

  Although current cryptocurrency has achieved the purpose of decentralization, unfortunately it has not solved the problem of circulation and instant payment which is the basic function of currency due to the fluctuation of price and the length of confirming time for transfer. Finally, Qcoin has solved this problem.

  We separated cryptocurrency(Qcoin) for circulation from cryptocurrency(Qcity) for asset and we make sure of the function of circulation and instant payment through Qcoin Business Platform. Qcoin is the key.

  We developed business platform using Qcoin and Qcoin circulates as the ratio of 1 to 1 of lawful currency and it is possible for the store using Qcoin to encash, to payment of various bills through Instant Loan Infra System and to make remittance internationally using Qcity as a medium.

  Such Qcoin business platform preserves the value of Qcity on cryptocurrency exchange and the amount of Qcoin and the profits of Qcoin Business Platform operating company decide the rise and fall of the Qcity’s price. In other words, Qcoin makes sure of the value of Qcity by means of the natural function of currency.

Qcoin Platform

1. Immediate payment (Q-pay) : Small and medium-sized stores pay for card sales made by customers you will receive a cash Q-coin immediately at any time. A few days later, a low interest rate loan service that is automatically repaid when the cash deposit from credit card companies.
2. Shop to Shop loan (Q-s2s) : You can borrow your Qcoin from store to store Securing new stores through some kind of P2P loan service.
3. Customer management (Q-point) : Provides a system that allows customers to keep their Qcoins. Securing public user

Features of Qcoin Business Platform

1. Qcoin is actually circulated.
2. The value of Qcoin is the ratio of 1 to 1 of lawful money.
3. Qcoin is the Cryptocurrency that the technology of 18 years has been
   accumulated for circulation.
4. Immediate Loan System which has high degree of difficulty for development and
   the system which Block Chain technology has been fused are operated.
5. It leads the rise and fall of the Qcity’s price.
6. It makes sure of the stores for using Qcoin.
7. The life quality of the owner using Qcoin Business Platform is improved through
   increment of income and maximized profits because of low fee of Instant Loan.
8. The profits of the company that operates Qcoin Business Platform is occurred.
9. Business Model Patent of Republic of Korea for Qcoin Business Platform is
   pending.
10. Loan is possible among the stores through Qcoin.
11. Various CRM system can be set up accumulaing Qcoin for the customers.

Technology

QCity is a bit coin-type coin that has been continually upgraded and added eco-mining technology to ensure network stability.
Echo-mining : algorithm that keeps blocks generated within a minimum of 20 seconds and a maximum of 3 minutes based on block time 1 minute. Garbage block generated due to the too rapid generation block, It prevents block generation stop state due to the high degree of difficulty.

ICO

Schedule
Pre-ICO(30~20% extra bonus) : Mar. 11, 2018(00:00) ~ Mar. 31, 2018(00:00) UTC
ICO(5% extra bonus) : Dec. 24, 2018(09:00) ~ Feb. 28, 2019(00:00) UTC
https://app.liquid.com/en/ico-market

Links

Website : http://qcitycoin.org
Whitepaper : http://qcitycoin.org/img/qcity_wihtepaper_en.pdf
Mail : qcity@qcitycoin.org
Facebook : https://www.facebook.com/Qcitycoin/
Twitter : https://twitter.com/qcitycoin
Medium : https://medium.com/@qcity
Blog : https://qcitycoin.blog.me/
Bitcointalk : https://bitcointalk.org/index.php?topic=2775825.msg28383494#msg28383494
Telegram : https://t.me/qcity2018
Kakaotalk : https://open.kakao.com/o/gJyxFbI
Github : https://github.com/qcity
Mining pool : http://nomp.qcitycoin.org
Block explorer : http://insight.qcitycoin.org

1.Announcement

Qcity's source code has been changed and updated.

The change will be made to reduce the compensation of Qcity to 1/100.

It will be applied from 0:00 (UTC) time on May 8th, 2018. Please understand that all users must proceed with the update before the change.

2.Announcement

Dear Qcity Members,

We want to thank everyone for their patience and support while we are under reconstructing our main sale of ICO. We want to share some of our newly upcoming events.

First, we want to announce that we have decided to set up an operational base in Malta Island due to many complications of unsettled policy for companies based in South Korea. Decision to move our operation base is to accomplish successful ICO and continuously protect Qcity’s current and future investors.

Our CEO will vision operate Qcity to accomplish original visions as down below.
1. Further development of domestic Blockchain Technology
2. Recognition of failure in business as one of the most important asset to all new entrepreneurs in our field.
3. Endorsing and encouraging new entrepreneurs to have confidence in making foundation and establishing with new ideas.
4. Stimulation of domestic economy
5. South Korea building stable and strong base to become one of the fastest growing country in Blochchain Technology.

Message from our CEO :

“Investors are more important than myself,
It is up to me to keep their value,
I concluded that it is bigger and more important duty and mission.”

“Qcity project is now heading towards globally.
We have eliminated the risk of Korea, and we are working hard toward global marketing.

Thank you very much!”

Young Gun, You
CEO

3.Announcement

Qcity changed to a hybrid system that uses both POS and POW

On October 21, Qcity changed to a hybrid system that uses both POS and POW in the existing POW system and released it to github.
Please Update Qcity qt program.
The changed program can be downloaded from the homepage. www.qcitycoin.org

Qcity team was decided that maintaining the network through POS would be more stable and prevent the monopoly while increasing the number of coin holders through ICO,
changed the consensus algorithm before ICO.
The POO solution was developed as a countermeasure against BWA, a kind of 51% attack, and the patent application was completed on September 21.
This source code was updated together.
This allows Qcity to maintain a more stable network.
People with coins do mining through a task called staking (similar to the mining of POW), but when staking is stopped, the block is not created and the network is stopped.
The reason for choosing the hybrid method instead of the pure POS is that it is a relatively advanced algorithm for this.
In addition, by varying the level of difficulty applied to POS and POW, POS Mining is given priority in most cases.
The POS rate is designed to pay 10% for the first year, 9% for the second year, 8% for the third year, 7% for the fourth year and 6% for the fifth year and 5% for the year after the 6th year,

Beginning November 1, 2018.

[Release Notes for Version 0.14.6.3]

A staking bug was discovered and fixed.
Please upgrade to version 0.14.6.3 for stable staking.
For more information, please refer to github release info.

https://github.com/qcity/qcity/releases

We will do our best to be a more stable system through continuous improvement. Thank you.
- QCITY Technical Team