This morning I’d like to go over the Quant Network ICO.
Always remember with any ICO there is risk and always do your own research. I am not a financial advisor and this is only my opinion after doing my research.
So lets get started with Quant Network shall we?
Quant Network ICO Review
So what is Quant Network? Well it’s a difficult thing to say in one sentence. However I will give it a shot.
Quant Network wants to build meta protocal that facilitates the development of applications for the communication between different blockchains.
The ICOs hard cap is set at 57,000 ether. They have a circulating supply of 68%. After visiting their Telegram channel the maximum bonus seems to be set at 37.5%. Also the teams tokens will be vested for one year.
That being said lets take a look at the good with Quant Network ICO. Ready?
Quant Network – The Good
For the positives we can actually see that the users will actually be able to launch enterprises and middlewhere applications not tied to a single blockchain.
Another thing I would like to mention. Unsold tokens are not minted. So I’m guessing that’s similar to burning unsold tokens. This is another positive to be aware of.
Finally the Quant Network project has prominent advisors from the London tech scene. However they are not necessarily tied to other big blockchain projects.
Another ICO you may be interested in reading about is the Dorado ICO. You can check that out here
Quant Network – The Bad
After looking at Quant Network ICO there are a few negatives that did stand out.
Firstly and this is a big one. Quant has no working product or test net. Their MVP is yet to be fully developed. So I can already tell you it’s a no for me.
If you want to learn more keep reading. Remember your strategy may be different in choosing ICOs.
The second thing I noticed. Two of the members seem to be busy and occupied with a few other projects.
Lastly the community and hype behind the Quant Network project seems weak. There are only a few thousand people in their Telegram channel. There just doesn’t seem to be much of a presence with Quant Network.
For a project that wants to connect all the blockchains together you would think there would be a lot more hype.
Personally I’m going to give Quant Network a below average score for hype.
The team I’m giving an average score. I think they have a strong team but I would not call it a World Class team.
Token metrics I’m giving that below average. I just think they are asking for way to much money. If they were asking for say $15 or $20 million for a hard cap I would mark them up considerably.
Quant Network – My Conclusion
Overall I would not call the ICO a scam or a money grab. There are some credidable people involved. I just don’t think at this point it’s worth investing money into.
Quant does not have an MVP so right there I’m personally not going to give them money. I don’t invest in ideas. If you plan on investing in Quant Network ICO I would suggest doing your own research before making a decision.
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