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and why is Crimea blocked?
Crimea is blocked because of US sanctions right now. |
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Hi devs, could you please point out some advantages of your product comparing with BAT? And some others if such exist, as far as I know BAT is your main solid competitor. Thank you
Also what do you think about Bitckave? It can be your partner or competitor? I think that BAT has very agressive model. Guys, who already participated? did you try Demo how it goes? We met with BitClave at BlockCon. Really friendly guys, Alex and Emanuel. They are not a competitor for sure. They are trying to create a search engine on the blockchain and actually fighting Google, which is a lot more ambitious than what we are trying to do, so they need to higher ceiling of funds they are targeting. |
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in the Russian version of WP it is said that 44% of tokens will be frozen for 3 months. 44% of the received investments will be used to pay for the work of the team Maximum
5% will be immediately withdrawn from the account, the rest of the amount will be frozen on the account
less than 3 months. And in the English version there is no this information. What information to believe? So I think there is some confusion. This is not our tokens. This is in regards to the contributions we have received. We as Qchain cannot directly cash out on our tokens at exchanges or trade them, because of US regulations. So the only things we can do are to hold the tokens to give out as promotions, or to sell some again at a set rate. |
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Also, Qchain is organizing a blockchain seminar to take place on November 17th, 2017 from 5 - 7 PM in Orange County, California. Qchain's home. We have speakers ready. Stay tuned for more news about that.
Hope You will make video for people like me, who can not visit California in November...December...January etc For sure! We will have a public Google Hangout link. |
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Also, Qchain is organizing a blockchain seminar to take place on November 17th, 2017 from 5 - 7 PM in Orange County, California. Qchain's home. We have speakers ready. Stay tuned for more news about that.
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According to the WP 10% will be held as a contingency reserve. Why so much (2.6kk USD) need to be spend on contingency reserve? Can you provide more details about this cost?
A high amount of funds needs to be saved as contingency, because legal costs in the US can rapidly balloon. This is something very typical with US corporations, just done for long term safety. |
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I have a question. As I understand the project will work in the advertising industry. I just understood the technology. What are the advantages of the project compared to, for example, Google Adsense?
Hi filipe, To further address your question, we won't be looking to directly compete with Google AdSense. Starting a fight with Google is pretty suicidal. Instead, we will be more specialized, and be focused on native and sponsored advertising, since display ads are becoming anemic in terms of their conversion rate, and the advertising industry is increasingly looking at the effectiveness of native. Our Direct Buy Marketplace will hence be focused on native. Our product will really be able to help streamline the sales processes for advertisers and content publishers; we will be creating a singular interface for advertisers to look at the availability of native ad units, and content publishers to showcase and highlight their native availability. As such, we think this product will be quite appealing and fill a good niche. Thanks for the answer. The role of the host in the relationship between the advertiser and the site-publisher is also interesting. Google, performing intermediary services, takes a large percentage. In your system, the role of the host is to provide its capabilities to ensure that transactions are verified. Who can be a host? To do this, need I to have some kind of specific resource, as GPU/CPU in mining, or just install some software? I need to buy some tokens and hold them in my account? You won't need to mine. Our system will be somewhat like NEM's, with a couple tiers of hosts. Hosts will have to deploy code on servers, and we will incentivize hosts through their payouts from validating transactions between advertisers and publishers. The weight of hosts' verifications will be by the number of tokens they hold, and the length of time they've held the tokens for. |
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Great project with great concept. But why not create your own protocol?
By own protocol, did you mean creating our own blockchain? There are various huge startup costs that come with developing your own blockchain, and if there were good blockchain technologies out there already, such as the techs of Ethereum, NEM, Hyperledger, and perhaps, GoogleChain or AmazonChain in the future, we did not feel that it would be the best expenditure of our resources to re-invent the wheel, when we can put existing, decent wheels on our chassis, and focus on building our chassis.  I look at blockchain technologies as wheels, and the various businesses built on top of them as chassis. Different teams to focus on different parts of the engineering for effective division of labor. |
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I have a question. As I understand the project will work in the advertising industry. I just understood the technology. What are the advantages of the project compared to, for example, Google Adsense?
Hi filipe, To further address your question, we won't be looking to directly compete with Google AdSense. Starting a fight with Google is pretty suicidal. Instead, we will be more specialized, and be focused on native and sponsored advertising, since display ads are becoming anemic in terms of their conversion rate, and the advertising industry is increasingly looking at the effectiveness of native. Our Direct Buy Marketplace will hence be focused on native. Our product will really be able to help streamline the sales processes for advertisers and content publishers; we will be creating a singular interface for advertisers to look at the availability of native ad units, and content publishers to showcase and highlight their native availability. As such, we think this product will be quite appealing and fill a good niche. |
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It has no sense to do ICO in two blockchains. Really look like just PR. I think it's scam
To attract the more investors just with the two blockchain hype just like what already did by mobilego, but you can see at the end of the story mobilego was nothing right now rather than a biggest scam project I think comparing us to MobileGo is a bit unfair, we are not doing the two blockchains for hype, but to not put all of our eggs in one basket. We are focused on building an interface that can easily jump between blockchains, and API's make that a lot easier. MobileGo was not a company registered in the US that has to face higher standards of corporate protection for investors and regulations. We at Qchain have taken great pains to be legally compliant, and it would be exceedingly dumb for us to try a scam, as we would be easily arrested in the US. |
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The best way to predict the future is to create it!
We are entering a future where multiple blockchain technologies will coexist and grow side by side. Users of a next-generation product should not be restricted to a single technology. The combination of Ethereum and NEM gives users freedom, choice, security, and the opportunity to harness two exciting technologies at the forefront of the blockchain revolution.
Our project is made by true tech-lovers, for decentralized people.
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Surprised there's only two pages added since I was last on. I mean, I like the concept.
Thanks. Have you read our white paper? Also, do check out our demo, since we are one of the few blockchain companies to have done a demo before doing an ICO. To explore our demo, go to https://demo.qchain.co and use the credentials: username:demouser password:demopassword |
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Is it inevitable or even desirable for blockchains and their ICO's to become more regulated or to least run their ICO's in more risk averse ways such as submitting to AML and KYC checks? Atlas City Finance has just begun its 1 month pre-ICO which is expected to be popular in part due to the large 30% pre-ICO discount but to offset this the ICO is unusual in that it is being run against a set of AML and KYC checks to protect the business, the blockchain and investors. The question remains whether requiring such strict rules to be applied to investors will deter investors or attract more traditional investors who welcome more voluntary regulation. Smaller investments up to 1 BTC in value don’t need KYC or AML checks but larger investments can be used to move money illegally which is why such checking can be helpful. Since Atlas City Finance is really trying to establish market credibility for its other products and services such as Plutous then it makes sense to be over cautious of how the Olympus blockchain is funded. It remains to be seen how ICO investors will react to such checks being carried out and it’ll certainly be of interest to other upcoming ICO’s who are considering how to present their coin offerings. A presentation that combines Plutous and Olympus is provided in the following link. The ICO is just for the Olympus blockchain and its Olympian coins but this presentation looks at the wider Plutous financial services platform and how it makes use of the features of the Olympus blockchain to provide scale, anonymity and smart contracts in more familiar programming languages. For full disclosure I'm involved in the blockchain and Atlas business but I find the wider question of whether AML and KYC's protection is good or bad for the blockchain industry as a whole very interesting. Sure it makes sense for a commercial organisation in the financial sector but is it over-restrictive for startup's looking to raise money quickly for without being too intrusive into funding sources? What are your views on these kinds of test or regulations more broadly? https://www.atlascityfinance.com/media/AtlasCityFinance_BusinessPresentation.pptxI'm interested in talking with you individually about KYC and AML. We at Qchain, as a US-based startup focused on long-term growth and success, had to have very strict KYC/AML to comply with US regulations. Being honest, this really limited the scale of our ICO. However, we saw it as a necessary sacrifice to maintain continued operations in the US. The tradeoff is that it is easier to get venture capital funding in the US. However, for the US, there is no minimum threshold by which KYC is necessary. Even if a transaction is under 1 BTC, you technically need to abide by KYC/AML regulations. If not, you might not get busted, but do so at your own risk. |
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Very glad to have his support and very cool to see. For those who don't know, Lon is the President of the NEM Foundation. |
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The ICO has officially launched! Go to qchain.zerion.io to participate. For more information about us, refer to the first post of the ANN, or go to www.qchain.co. Thanks again for your patience! |
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Hi Everybody,
Much apologies. We actually decided to delay the ICO on short notice for some hours to revisit the code. We just wanted to get some additional coverage and auditing in of the smart contract code to be absolutely sure.
Again, for those who have been waiting, I am extremely sorry. I would just rather have a delay than risk a probabilistic increase of something go wrong and inconveniencing people during the crowdsale.
The ICO launch time has been updated to approximate 9PM on October 24th.
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