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Quadrant Protocol

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In an era when the Internet has become accessible, the problem of authenticating information, which is distributed in huge amounts from a variety of sources, is very relevant. This greatly complicates the construction of algorithms and systems that use large amounts of data. The QUADRANT Protocol platform intends to solve this problem and form a new decentralized data market, the authenticity of which will be confirmed.

More about the Quadrant Protocol

Right now data economy is disorganized and little known. Quadrant promises a properly organized system that will facilitate utilization of data that is decentralized. The company believes that data has to be accurate and original in order to improve its economy.

The company claims to have a simple yet effective tool that proves data integrity. This privately held company was found in the year 2018 by Mike Davie. Its headquarters are located in Singapore. To enable the exchange of services like DaaS and Al between organizations, the company provides the infrastructure.

It facilitates the selling of data by data vendors based on contracts. At the same time, it enables the buyers to purchase it and also provide them the added facility of tracing data’s accuracy. Here, data stamping verification procedure comes in handy.

Innovations and benefits

Data buyers will have a proof of data creation and thus the company can anytime claim its authenticity. All the data and services that Quadrant Protocol offers are of high quality and this magic is created by the sharpest minds that they empower.

Data it creates is trustworthy and there is transparency involved. It also allows free flow of data. They have invented data stamping which will enable to prove the originality and factualness of data. This method has helped greatly during the process of data verification.

Results so obtained are highly secure and easy to understand. Users, as well as creators of data, are rewarded with it.

Problems to be solved

QUADRANT Protocol platform solves a number of problems that exist in the modern information field:

The lack of authentication. Most data providers are simply not interested in validating the information due to lack of sufficient incentives. QUADRANT Protocol will allow manufacturers and data providers to receive payment for the verification of the provided databases.
The lack of a market. Many companies and users who own large databases simply keep them "in the table" because of the lack of really effective and reliable platforms for their sale.
High deficit. Even if there is an urgent need to obtain any reliable data, it is difficult to obtain them, due to the lack of a single market.

Thus, the QUADRANT Protocol solves quite urgent problems that affect many areas of activity. Genuine data is a valuable resource for virtually any business, company or user.

Platform mechanics and tokens

There are 3 functional clusters that participate in the internal relationships of the platform:

Data producers;
Suppliers-intermediaries;
Consumers.

All data purchase and sale transactions are carried out through smart contracts, and the data is verified for authenticity. Such a structure of the platform ensures the honesty of relations between users and guarantees the quality of information products.

Two types of tokens will be used within the platform:

eQuad
Quad

Both tokens are built on the Ethereum blockchain in accordance with the ERC-20 standard. EQuad tokens will be sold at the token sale stage, in the future through a special gateway they can be changed to the main Quad tokens.

They will become the main means of payment of the platform after the launch of the main network.The total issue of tokens will be 1 billion coins, 400 million of which will be sold on the ICO. The date of the token sale has not been set yet.

Information about the team of Quadrant Protocol

Quadrant Protocol is best among others and that’s because of talented team members who are well equipped with technical knowledge and extensive experience in the area. Mike Davie is the founder of Quadrant Protocol. Team members have strong skills pertaining to the cryptocurrencies and blockchain technology.

When it comes to handling pressure and performing under it, no one has the ability but them to find solutions and outshine others. The team consists of advisors, blockchain engineers, directors of engineering, data scientists, front-end developer etc.

Token And ICO Date

Two different currencies are being used by Quadrant- eQuad and Quad. Quad is to be used only on the Quadrant network. eQuad is an ERC-20 standard compliant e token which is based on the Ethereumblockchain. This token can be easily sold and converted to Quad token when the Quadrant network mainnet will be released eventually.

Quad is a non refundable token which was released with the goal to be a secured mode of payment for users of the Quadrant network. It must be noted that owning of Quad token does not indicate any right, interest, title , ownership or shareholding in the company and the token can exclusively be used on the Quad network.

About The ICO Token Salee

Quad token can be purchased via crown sale whose date is yet to be announced. The hard market capitalisation is placed at $ 20 million whereas the soft cap is placed at $ 30 million. Only Ethereum token can be used to buy eQuad.

Participants who fail to pass the KYC process or citizens of USA, China, Canada and Korea are not allowed to participate in the buying process. The eQuad token which remain unbought will be transferred to a reserve for future token sale for a minimum period of two years from the date of the crowd sale.

There are total of 1000000000 eQuad tokens which will be distributed as : 40% via crowd sale, 20% will be kept by the company as reserve, next 20% will be distributed to the stakeholders and the rest 10 % will be distributed to the team.

The token held by the company as reserve will be used for the growth of company.eQuad tokens will be locked initially but can be transferred after a period of 5 years. As already mentioned above, these tokens are non refundable and can not be converted for cash.