Initiative Q is a new airdrop that is attempting to disrupt payment services like PayPal.
What is Initiative Q?
Initiative Q is building the payment system of the future. The Q payment network will integrate the best technological improvements that have been made in the payment industry over the last few decades to create a flexible, easy-to-use and inexpensive payment network.
These technologies have been available for years, but have not been adopted due to a classic chicken and egg barrier: No buyer wants to join a new network with no sellers, and no seller will offer a payment option that no buyer uses.
Initiative Q solves the adoption problem by associating the payment network with a new global currency, and distributing this currency to early adopters for free.
If successful, this would be a huge win to removing PayPal as the defacto alternative to credit cards for smaller business and user to user transactions.
Advantages of Q Payment Network (Source)
- Low transaction costs: A streamlined, digital process with better fraud protection means fewer costs.
- A universal currency and one global system: one address for all financial needs.
- Cutting edge measures to ensure secure transactions: fingerprint, voice and face recognition; multi-factor authentication; and advanced artificial intelligence models.
- Simplicity and user-friendliness: 1-click payments; no need to carry cash or cards.
- Customer protection: Using internal regulations and buyer feedback to prevent sellers from misrepresenting their products and pricing.
- Reversibility and efficient dispute resolution: easy online claims process to ensure user confidence.
- Optimal credit allocation: Using richer information and more advanced models to correctly assign credit to lenders.
- Parental control: Sub-accounts that allow parents to control children’s expenses.
- Helping the unbanked: Connecting to the world economy the billions who don’t have access to financial services.
Limited Airdrop, first come first served
Q is limiting their airdrop roll out by time limiting how long you can receive rewards for and limited rewards for the airdrop so users who act fast will be rewarded far more than users who wait until Q is already adopted. You will be given milestones to reach to unlock additional potential rewards. The rewards are also decreasing as time goes on, so users who start early will have a huge advantage to those who wait as the signup reward is constantly decreasing.
What do you get?
You will start with around 13,000 Q which is targeted to a 1:1 to USD. I am extremely skeptical it will ever reach that, but you can read their explanation of that valuation here:
If they even come remotely close to that target, the airdrop could be one of the most lucrative airdrops to date. I'd be happy if they just display PayPal as they are a very evil enterprise that has screwed over merchants and consumers over and over again.
How to sign up?
To claim your initial 13K+ Q, use my referral link to sign up. I will check it frequently today and approve users as I see them show up.
You can see your progress on the bottom of the page once you have signed up as you bring on new users.
You have a limited time to acquire your initial five invites before you able to unlock new invite tokens or forever lose the ability to get referral bonuses.
Reminder, if you haven't done Byteball, they are giving away $10-$160 per Steem user.