Qbao is a Qtum based social network that incorporates the application of mobile terminals and includes desktop, various web systems and browser plugin, with the aim to build a WeChat of Qtum world.
Qbao aims to serve the Qtum community and global blockchain users, enabling people to better experience the new generation of blockchain technology, Qtum, and various other decentralized applications (DAPP) based on Qtum. We hope to popularize blockchain technology in more traditional Internet fields through Qbao by making more users feel the charm of blockchain technology. The vision of Qbao is to become a social network as WeChat which has a complete ecology.
Qbao Token (QBT) is an issued token based on Qtum and is the core of Qbao social network. Usage scenarios of QBT include but not limited to:
Qbao Application Scenarios
The wallet that supports multiple digital assets
Qbao's wallet function is decentralized，safe and easy to use.
In the first version that has been launched, Qbao supports the collection and transferring of Qtum and its token, Bodhi, Ink and Vevue etc. Users can conveniently withdraw the tokens purchased in the exchange to their own Qbao wallet for conservation. In later versions, Qbao will support BTC and other digital assets.
Decentralized peer to peer encrypted communication
In Qbao, we will provide a p2p encrypted communication service, all messages sent by users are encrypted and only the receivers can decrypt the contents which can only be preserved by senders and receivers and will not emerge in any other third-party system. As a result, privacy and concealment of social contact is guaranteed.
we will allow the qualified individuals, organizations or companies to establish their own QbaoHub stations, which are responsible for transmitting encrypted messages and obtaining QBT benefits according to the amount of information flowed. Similarly, the owners of these hubs are only responsible for sending messages and cannot preserve any private messages.
Trust Social
Qbao also provides private social function based on free groups. Users can set QBT as the threshold to join in the private social contact, this guarantees privacy and a high quality of sociality.
Knowledge Payment
Users can invite the person they like, such as key opinion leaders, and pay them a small amount of QBT, and invite them to answer some questions. Other people can listen to their dialogue with a few QBT. The direct income of QBT will be obtained by the respondents, and the QBT paid by the eavesdroppers will be distributed by the person asking and answering questions.
Through the knowledge payment, we can promote the development of the whole ecosystem of Qtum more rapid and better.
Payment Gateway and Clearing Service
Qbao is committed to creating an ecosystem of Qtum by increasing the applications of Qtum and other tokens, and providing payment service of digital currency for various online and offline merchants. Therefore, Qbao will develop the payment gateway of Qtum and provide a clearing service to supply business services for various online and offline merchants who can easily receive Qtum and carry out clearing.
DAPP Store
The purpose of Qbao is to become the gateway of Qtum, Qbao will establish a DAPP store and allow the partners of Qtum [Suspicious link removed]munity and development fans to publish DAPPs and smart contacts in the DAPP store. This will make it convenient for users to obtain the DAPPs and smart contracts they want, and evaluate the DAPP with the evaluation system based on QBT of Qbao.
Emoticon and Skin Market
In Qbao, we will establish our independent emoticon and skin market by defining a series of specifications, this will allow users to establish and submit their own emoticon and skin, and permit them to purchase emoticon and skin packages they like using QBT. In this process QBT is the exchanging material, and the creator of the emoticon and skin will obtain majority of the rewards.
Product Promotion Engine
In the process of continuous expansion of Qbao, with the increase of users, the flow of Qbao will be more valuable. Advisers having advertisement requirement can purchase advertisement from advertising agencies, and make their own products be known by more people through product promotion engine of Qbao, so as to obtain profits.
Qbao will refer to the features of the advertisement of information flow, and combine product promotion and advertisement with users' contents through product promotion engine. The advantage of information flow advertisement lies in accurate advertisement and relatively comfortable feelings. Based on the promotion, users can see the products they need more easily.
Digital Assets Exchange
Qbao is developing the quotation function of digital currency, including Qtum and BTC. In the future, Qbao will support more tokens based on Qtum and other mainstream digital currencies. Qbao will provide digital currency market and transaction data to make users better grasp the industry information of digital currencies.
On the other hand, with the development of the decentralized exchange, transactions among digital assets becomes a very important. Qbao will support the decentralized exchange protocol to provide this service.
Community of User Generated Content(UGC)
In the community system of Qbao, users can publish their own articles, feelings and concept, and push them to the users in the community through the promotion engine of Qbao. Users also can give these articles thumbs up, comment them and encourage the authors with QBT.
Roadmap
Qbao plans to finish the development of the following application scenarios in the 2017 4Q.
· Decentralized wallet of digital assets
· Trust social
The development of the following scenarios will be finished by June 2018
· Cryptocurrency exchange
· Payment gateway and clearing · DAPP store
· Emoticon and skin market
The following scenarios will be finished by the end of 2018
· Peer-to-peer encrypted communication · Product promotion engine
· Knowledge payment
· Uses content generate community
Qbao Token
Qbao Foundation issues Qbao Token (QBT) based on QRC-20 standard. QBT is the core factor of the Qbao social network, and will be applied in the peer to-peer cryptographic messages, DAPP store, decentralized transaction, Qtum merchant payment, expression and skin store.
The total amount of QBT is 100 million, and will be distributed as follows
51% for public offering and private offering
20% for the founding team
12% for early investors
12% for commercial promotion
5% for bug bounty
Presale
Date：Nov.15，12:00 PM(UTC+8)—Dec.01, 00:00AM (UTC+8)
Qtum Raise: 200'000 Qtum
Cryptocurrency Support: QTUM only
QBT Price: 1 QTUM =54 QBT
Token Sales Supply：10,800,000QBT
Minimum Contribution: 1,000 QTUM
Maximum Contribution: None
Bouns: 20%
Cowsale
Date：After presale
Qtum Raise: 700'000 Qtum
Cryptocurrency Support: QTUM only
Token Sales Supply：31,500,000QBT
Early Bird
QBT Price: 1 QTUM =49.5 QBT
Minimum Contribution: 1,000 QTUM
Maximum Contribution: None
Bouns: 10%
First week
QBT Price: 1 QTUM =47.25QBT
Minimum Contribution: 1,000 QTUM
Maximum Contribution: None
Bouns: 5%
Normal
QBT Price: 1 QTUM =45QBT
Minimum Contribution: 1,000 QTUM
Maximum Contribution: None
