Smart Quorum is a platform for exchanging blockchain development services. It provides an integrated set of services and tools for blockchain developers and their customers. The benefits to the developer are that Smart Quorum will provide them with exposure and will provide their potential customers with evidence of the quality of their work. The benefits to the businesses that need blockchain development services are that they can be assured of the reputation of the developers who they hire for their projects and can be assured of the quality of the work those developers deliver.
The initial product on the Smart Quorum Platform will be Smart Contract Quorum. This will be a version of the product which allows customers to use the marketplace to hire developers to create smart contracts and allows for the Smart Quorum community to audit those smart contracts. Smart Contract Quorum is currently (as of June 11) available for beta testing.
As a general rule, businesses (or individuals) who want to list a project on Smart Quorum Platform will specify details of the project. In additional, with 5% of their payment going to to the Smart Quorum platform, they’ll have the ability to specify the breakdown of how much of the remaining 95% should go to the developer they end up selecting vs. those who do quality assurance testing or auditing of the smart contract that the developer creates.
The Smart Quorum Platform is based on the Smart Quorum Coin (SQR), which is a masternode-based POS-cryptocurrency. The SQR token sale has already begun, and will continue until July 1st.
Some key benefits of the Smart Quorum Platform for businesses include:
*Ability to choose developers based on their reputation and portfolio
*Security of smart contracts is rated based on the depth of the community audit that is performed
*Community is able to provide feedback and discussion of specification for smart contract before development work begins
Key benefits for developers include:
*Ability to get exposure and demonstrate expertise to a community of potential customers
*Feedback and QA from an expert community, without the need to hire third-party auditors
*Less experienced developers can learn from more experienced developers while earning compensation and building their skills and reputation
I have to confess that my understanding of this next section is a bit shaky. However, it’s important, because the SQR masternodes are the key to gaining passive income from SQR. Anyone purchasing 3,000 SQR has the ability to run an SQR masternode. Specifications are…Max coin supply: 25,000,000, Premined: 1,000,000, First POS block: 100, Block time: 60 seconds, Max block size: 3 MB, Staking age: 4 hours, Ticker: SQR, Difficulty retargeting: Every block. Reward Distribution for 0-132480 blocks is 4.5 SQR. Reward Distribution for 132480 and higher blocks is 0.2 SQR. Based on current values, this would yield an annual ROI of 812%!
My takeaway from the above is that buying 3,000 or more SQR immediately and running a masternode will be very profitable. If you wait, the opportunity for profit will be much more limited. SQR tokens are selling for $1 USD per token, so that’s an investment of $3,000 for a source of passive income (and hopefully some price appreciation as well).
To buy SQR tokens right now, go here.
For my Bitcointalk Profile, go [here](https://bitcointalk.org/index.php?action=profile;u=1749264
