Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake - page 173. (Read 525459 times)

https://coinreport.net/qtum-raises-15m/

Qtum raises $15m+ in five days


Singapore-based Qtum Foundation said in a press release CoinReport received that it has raised over $15 million in a record five days, with the project becoming among the all-time top 10 blockchain token crowdsale campaigns.

Funds raised will finance the Qtum Foundation’s operation for the next four years, including financial/legal consulting, administration, marketing and development.

Qtum (pronounced “Quantum”) sold $10 million worth of its tokens (QTUMs) in a mere 90 minutes on the first day. By comparison, Ethereum, which is now the #2 cryptocurrency by market capitalization with a valuation of $3.6 billion, took 42 days to raise $18 million.

Qtum is a hybrid blockchain application platform. Its core technology combines a fork of bitcoin core, an Account Abstraction Layer allowing for multiple virtual machines, including the Ethereum Virtual Machine (EVM), and a Proof-of-stake Consensus protocol, aimed at tackling industry use cases. Details on the Qtum concept can be found in the Foundation’s white papers.

At the end of the crowdsale, which was scheduled to last 30 days or until all QTUMs were sold, the project raised 11,000 bitcoins and 75,000 ethers (ETHs) in exchange for the 51 million QTUMs.

Rather than sending QTUMs to a single crowdsale address, Qtum designated six digital currency crowdfunding websites/exchanges to carry out the sale in a harmonized manner. The participating websites included BTC9, Yunbi, Bizhongchou, Allcoin, ICOAGE and ICO365.

“We are confident that we can finish what we originally started a year ago. We hope our supporters can work with us to build the greatest blockchain platform for enterprise and consumer use cases. There are so many possibilities for the blockchain industry, with Qtum, we are just at the beginning of a long journey,” said Patrick Dai, co-founder of the Qtum Project.

There are three main ways the total QTUM supply will be allocated. 51 percent of QTUMs (51 million) will be distributed through the now-completed crowdsale. Of the rest of the 49 percent, 29 percent of QTUMs (29 million) will be assigned to community initiatives regarding research, education, business development and market expansion. 20 percent of QTUMs (20 million) will be distributed among the development team, early backers and founders. More details are outlined in the Foundation’s governance white paper.

“Since we began this project, I have been excited about its premise. Now, this excitement has been validated and shared by thousands of backers. Qtum will bring about a new blockchain and smart contract revolution and will bring together the many disparate communities into one common goal of action,” commented Jordan Earls, co-founder of the Qtum Project.

Qtum has previously raised $1 million from investors including Chen Weixing (Founder of Kuaidi), Star Xu (CEO of OkCoin), Anthony Di Iorio (Founder of Ethereum & Jaxx Blockchain Interface), Jeremy Gardner (co-founder of Augur), Bo Shen (Fenbushi Capital’s Managing Partner), Roger Ver (First Investor in Bitcoin Companies), and Xiaolai Li (blockchain angel investor).

Qtum recently announced that PwC, one of the leading providers of professional services, will support Qtum’s efforts to help fuel blockchain adoption across global business sectors.

https://www.youtube.com/watch?v=TucgSvwTDHo

Qtum Mobile Wallet & iMessage Demo




https://www.youtube.com/watch?v=TucgSvwTDHo






will this support Android version too?

or only IOS version?

thank you

The use of SPV lite wallets allows mobile devices to not have to download an entire blockchain. You nailed it completely here, the mobile market is enormous.

you lose your mind, your silly old man. and yes.. you are crazy.

Translated: Go fuck yourself! Obviously, you don't have a motherfuckin clue as to why I'm here so, again, go fuck yourself!

For those not assholes playing at home, let's recap:

Prior to the ICO, Qtum promised full transparency.
After supposedly garnering $15M+, all transparency has been taken off the table after the ICO ended.

For those who are assholes, what part of "you've been fuckin lied to" don't you understand?

also why you are still here?

i think you find a better job now?

what will happen if they release it? 

Yes, believe in the team that said prior to the ICO that they would be transparent, then went silent after the ICO. Remember BFL needing to do pre-sales so that they could build their line of miners because they didn't have the money themselves? Well, guess what? They had $25M+ in their coffer when they were crying that they were broke thanks to ... wait for it ... info provided via the blockchain.

Here's why Qtum won't release any blockchain vitals: Because they're yellow!

The fund is in a black box! It's safe, if you believe in the team.

My guess is that stormia knows exactly what to pen so to elicit an in-kind response from me. 

No they refuse to even respond to requests for the basic transparency they promised before the ICO. They refuse to prove they hold the funds they claim to have raised. At this point you are better off talking to a wall.

I concede that 29,021,500 YouTube viewers figured out how they're gonna cash out their Qtum tokens come September -> https://www.youtube.com/watch?v=_IQUrR2qkj4.

Qtum is going to replace the NASDAQ.

Qtum is going to replace microwave ovens.

Qtum is going to replace masturbation.

Qtum is going to replace bass fishing a bass guitars.

Qtum is going to replace this forum with QtumTalk.

Qtum is so universal it's going to replace Qtum.

I can't wait till September to watch all them phantom Qtum tokens trade to da moon on them Chinese exchanges that Qtum controls.

I am all in on qtum  devs or team members can you plz share the BTC add on which you have collected or store all the fund .....

People don't care about technology, as long as there is money to be made people will go for the drama. Just go to Yobit exchange and see how shitcoins pump almost everyday from no where

personally i am ok with that. but i agree with you we need more transparency on the fund and also the development work.



also check skycoin dev's post, which is very interesting:

https://bitcointalksearch.org/topic/sky-skycoin-launch-announcement-380441

From skycoin dev

>1 Also how can you be so confident qtum is going to replace ETH based on it's tech when they haven't released code yet?

Ethereum is using an accounts model, like Ripple. Which is anti-blockchain and anti-privacy and very traceable. It is against the philosophy of Bitcoin.

All coins going forward will be on the UXTO model and it is best practice for blockchain. Moving turing complete smart contracts off of accounts model and onto UXTO is extremely important and that is what qtum appears to be doing.

We need to figure out how to do general computation on a UXTO model. Instead of being restrained to the Ripple/Ethereum accounts model.

I think they will get closer to the goal, but only get there part way
- thin client for smart contracts (major limitation for existing system)
- moving smart contracts onto UXTO (major milestone)

I do not know if qtum has succeeded, but they seem to be going in right direction. I talked to one of their technical leads and they were focused on "Getting it working with something we can do now" and then incremental improvement over time. So first implementing the Ethereum virtual machine on top of UXTO, then working out the research problems for a native turing complete UXTO language later.

I do not know if there is a way to full UXTO while still having "gas". I think you will need to get rid of the "gas". In the ethereum model to take full advantage. I do not know if qtum will be able to go far enough in doing that, but is heading in the correct direction.

Ethereum tries to be both a token and a computer.
- we started with pure tokens (Bitcoin)
- then we added a computer to the tokens (Ethereum)
- now we just trying to figure out how to build  pure computer on UXTO
- Then once we have the computer, the tokens or coins just become a program or entity running on this "distributed computer"

Bitcoin, Ethereum, qtum, byteballs, etc are just stepping stones. Towards a final solution. None of these will exist or be relevant in ten years. We are in an age of transition and I am looking at the projects that are getting closer to the goal, in a pure mathematical sense.

Even Skycoin is being ripped up and its foundations constantly rewritten when it is advantageous to do so. Bitcoin is static and relatively unchanging, while Ethereum has been able to get the community to accept constant small changes.

Skycoin is on a punctuated equilibrium model, where we do bug fixes and polishing, then completely rip up and rebuild the foundation as needed, then go back to bug fixes and polishing.

Right now, we are exploring new networking primitives and the advantage of immutable data structures, but are still on blockchain. Putting EVM on UXTO is heading towards immutable data structures from the perspective of computation, while we are heading towards immutable data structures from the path of consensus, networking and simplifying object synchronization protocols.

One of the pilots that is being spun out of that project is the distibuted, peer-to-peer social media platform built upon immutable data structures and peer-to-peer object replication. For this Skycoin chose a public key, cryptographic publisher/subscriber model and DAG immutable object tree. While Ethereum's project chose a Kadmelia DHT block storage model.

Ignoring the individuals and the drama, I am just looking at the "future direction" and who is heading in that direction.

>2  Also how can you be so confident qtum is going to replace ETH based on it's tech when they haven't released code yet?

I am not confident it will replace Ethereum. At the start, it will be equivalent to ethereum in terms of being able to run the Ethereum Virtual Machine (EVM) on top of qtum with UXTO. Then they will do a native language.

It will depend on the implementation. I do not know if qtum has succeeded, but they seem to be going in right direction.

Similarly, Byteballs may fail or may not exist in ten years, but they are pioneering the first experiments into replacing the Blockchain with a DAG. Which we have been considering for several years now.

Similarly, Bitcoin was the first but people are getting used to the idea that it will not be the final or best cryptocurrency. That it was just the first generation and that we can build better and improve it substantially.

the link:

https://bitcointalksearch.org/topic/sky-skycoin-launch-announcement-380441

Drama is good it brings more popcorn, but we need proof and transparency when it comes to investment, will you be ok not knowing where are your BTC right now.

thank you for the answer.

One of our Angel Backers is the CEO of OKcoin, but there has been no discussions about them listing Qtum.

seems no one care about the real technology, they just care about the drama.