As of May 2nd, 2018, the Qompass ICO has roughly 27 days and 8 hours left for investors to get involved (icobench.com/ico/qompass). Qompass has already received $617,760 in funds thus far, with a soft cap of $2 million and a hard cap of $10 million.
PRESS RELEASE: Qompass (QPS) - Making ICO Progress
Important Numbers to Consider:
Total Token Supply - 33,000,000 QPS (QPSE is the ERC20 token distributed at ICO, which will be swapped for QPS tokens in Q3 of 2018)
- Accepted Method of Payment for ICO - BTC or ETH
- Price - $0.80 USD per QPSE
- Bonus Round - 2 (5% bonus currently available)
- Distribution of QPSE Tokens - Q1 2018
- Listing of QPSE Token on Exchanges - Q1 2018
- Token Swap (QPSE swap for QPS) - Starting Q3 2018
- QPS Listing on Exchanges such as Finance, Kucoin, etc. - Q3 2018
Qompass has goals to accomplish quite a lot in the cryptocurrency space. They aim to be an exchange with many futuristic qualities such as crypto currency trading with artificial intelligence, exceptionally high leverage options, high levels of liquidity, and a payment/debit card that can double as a cold storage option. They will also have their own coin (QPS) which will branch out from the current Ethereum chain (ERC20 token).
Qompass CEO, Emmanuel Lim, recently made this statement, with regards to the Qompass Project:
“Qompass offers something totally new. After extensive research, we found that the reasons that are stopping blockchain investing from going mainstream, are the limitations offered in protecting your crypto assets. Qompass has come up with a solution that would enable the average trader to undertake trading crypto, without giving up control of his/her assets. Through our API, smart contracts, and applications, you can link the wallet that holds your assets, to an exchange, and start buying and selling crypto assets, with all settlements being undertaken by smart contracts.”
The above quote is often seen true, in that trading crypto assets can often be a scary concept. There have been many hacks and problems with current exchanges, leaving crypto traders/ investors either nervous about their current holdings, or waiting to enter the market due to fear of hacking, etc.
On April 13, 2018, Arjun Kharpal of CNBC.com writes, “Indian exchange Coinsecure has lost over $3.5 million and is blaming its head of security” (Kharpal, CNBC.com).
On April 2, 2018, Molly Jane Zuckerman of Cointelegraph.com states that “Coincheck was hacked in Jan. 26 and over $530 man in NEM was taken from its hot wallet storage” (Zuckerman, Cointelegraph.com).
On February 12, 2018, Taylor Hatmaker of Techcrunch.com states of BitGrail exchange, that “[o]n Friday, the site posted a notice to users informing them that hackers had made off with 17 million units of Nano (XRB), the coin formerly known as RaiBlocks” (Hatmaker, Techcrunch.com).
The Qompass team sees the need for improvement in the crypto space, as seen in the CEO quote above, and looks to be taking measures to create a safer experience for users, while also adding in other innovative features, such as the aforementioned AI trading, leverage opportunity, and liquidity, among others as well.
*Article written based on my interpretation of the data.
Hatmaker, T. (2018, February 12). Italian cryptocurrency exchange gets hacked for $170 million in Nano. Retrieved May 2, 2018, from https://techcrunch.com/2018/02/12/bitgrail-hack-nano/
Kharpal, A. (2018, April 13). A cryptocurrency exchange lost $3 million - and thinks its security chief stole it. Retrieved May 2, 2018, from https://www.cnbc.com/2018/04/13/coinsecure-cryptocurrency-exchange-lost-3-million-and-it-thinks-its-security-chief-stole-it.html
Zuckerman, M. J. (2018, May 02). Another Lawsuit Filed Against Hacked Crypto Exchange Coincheck Asks For Almost $800,000. Retrieved from https://cointelegraph.com/news/another-lawsuit-filed-against-hacked-crypto-exchange-coincheck-asks-for-almost-800000
*This is a sponsored content post. All opinions expressed in this post are based on my personal view and should not be considered financial advice for anyone to buy or sell anything. Always conduct your own independent research before making decisions for your portfolio.
Join in on the conversation with Coin Tribune when you subscribe to CRYPTONICLES.