Cryptocurrency is settling a new trend in transaction processing system. It is making life easier as it does not require any physical currency endorsement. The blockchain networks are making a list of choices by initiating a number of innovations in service providing so that the service can be up to the mark of the users. Quadrant is the name of a blockchain network working as a blueprint for mapping the decentralized data. It is facilitating the access in creation and distributions of data products and services. It ensures the authenticity from the core of the service provided. It has been designed for the centralized and decentralized services operating for the Proof of Authority through the consensus mechanism.
The Quadrant blockchain is utilizing the different currencies for the network in the names of eQuad and QUAD. QUAD is basically the utility types token and it is used solely for the networking purpose. Another usage for the currency lies in stamping data, supporting the simple and complex access in structures, simple and complex subscription payments for staking the Elon's. On the other hand, eQuad is compliant with ERC-20 tokens. It is mostly sold during the Token Generation Event or in short TGE. This can be converted into QUAD by the gateway launch as mainnet of Quadrant. But the main focus of Quadrant has the major focus on the impact of the ability to provide the brightest data minds of Elon's. This works by checking out the linkage among the constellations and creates differences by creating mega constellations for using it through the Data Consumers to solve the real-world problems.
The token generation event occupies around the US $20,000,000 and the event will raise this to more than $7,000,000 for the garnered contributions. This will be locked initially to make transferrable in course of 4 years to make this available closer upon 40% of the eQuad tokens sale. The remaining 60% will release the annual application towards the objects of the company at a fixed 15% of rating. This will be intended for providing security by ensuring the long-term success of Quadrant by installing the practicality. This will need the assurance of limited spending for the initial years. During the TGE eQuad will be created for more than 1,000,000,000 tokens and it will be distributed 40% in the crowd-sale, 20% will be held for the company, 20% will be up for the stakeholders, 10% will be reserved and the rest of 10% will be reserved for the team.
While engaging the data into several sectors, it is obvious that the system may face some problems related to the data economy. Quadrant is efficient enough for serving the best services and makes sure the system runs properly. But it may face four major problems in the data economy:
Some unfair revenue distribution may occur to harm the original data producers and for this security is important.
Quadrant is making the service feasible by providing solutions to the problems and supporting to the proof of data authenticity. This will disparate the data sources for fair remunerations and incentive sharing where the consumers can trust the authenticity while transacting through the system.
Website : https://www.quadrantprotocol.com/
Ann Thread : https://bitcointalk.org/index.php?topic=3676988.0
Telegram : https://t.me/quadrantprotocol
