I came across this thread earlier and being somewhat curious, I decided to check out QVOLTA's website and white paper. After looking through everything, I must admit to being somewhat confused.
1) The QVOLTA founding team is supposedly from Czech Republic with 2 of the team being co-founders of Fintech Financial Solutions which was registered in Czech Republic on 16 Mar 2017. That clearly contradicts the dates stated in their Linkedin profiles. Also, it seems kind of strange that they would then fly all the way across the world less than 4 months later to Singapore to register QVOLTA.
2) According to the roadmap published by the team, the desktop version of the full featured product was supposed to be available on 15 Sep 2017 prior to the launch of the ICO. There is a MVP available on their website but it's already been 3 days into the ICO so where is the promised desktop version? A MVP is not in any way a substitute for the full featured product.
3) Yes, this is supposed to be a P2P exchange in competition with Localbitcoins but how does it really provide anything truly different from Coinbase or any number of companies and exchanges that allow the purchase of cryptocurrencies with fiat? Perhaps it is less "volatile" since there is no fluctuation in exchange rate resulting in a possibly unpleasant shock if the transaction is delayed during a purchase or sale. It can also be argued that there would not be fees levied on the trades but QVOLTA does charge fees in the form of tariffs. Granted, they are way lower than some of the fees the exchanges levy but I'm not sure that is enough to attract traders, or as the white paper calls them -- Professional Traders to utilise their escrow service since they are the ones being burdened with those tariffs whenever they post a buy or sell order that might or might not even be fulfilled.
Just my 3 cents worth.
Hi, cryptoRX!
1) Well, first of all, I see no problem in travelling to Singapore during these 4 months. Also, one can register a company remotely if has all necessary documents. One would need a help of lawyers, but this is possible.
2) We had MVP before our ICO, now you can check out our Alpha (it is long live already). Once we finish our ICO and QVT tokens can be used - we are going to launch our platform.
As for now you can register, open your orders and play around to get used to the platform.
3) Coinbase is not quite a right thing to compare with Qvolta. Coinbase sells/buys crypto out of its pocket, but Qvolta is p2p platform. Also, we don't deal with fiat, meaning that we will avoid any problems with regulations or government banning such things.
What truly differentiate us from, say, Localbitcoins is that we have way better UI, we have ETH support (the second most traded crypto) and mobile apps (iOS and Android). Also, we will add more crypto later on.
Ultimately, we have lower fees compared with Localbitcoins and any other service known to you.
Thank you for attention!
