ConcourseQ Qfellowship Program: Help Crypto Enthusiasts Fight Fake ICOs
ConcourseQ, which was launched in August 2017 has to conduct strict due diligence for hundreds of Initial Coin Offerings (ICOs). Recently, it is offering cryptocurrency enthusiasts an opportunity to safeguard the rest of the community from dubious ICOs by surveying Qfellow research reports.
Qfellow is a program that is open to all members of the cryptocurrency and blockchain community and candidates were selected after a detailed process. The platform was established with the sole purpose of providing investors with a sound analysis of upcoming token generation events.
Some of the features that have made Qfellow popular are:
- No exploitative volunteer labor: They value Qfellows and compensate them accordingly with $350/month worth of ether to share their research with the community. ConcourseQ has never collected revenue and they don’t intend to do so in the future.
- Springboard to full-time employment: Three Qfellows have transitioned from an old economy job to working full time in the space, while one Qfellow secured a summer internship as a token analyst. All work on ConcourseQ is publicly verifiable and they enthusiastically support Qfellows that want to transition to a building.
- Not doing an ICO: Independence is required to call out scams. Exorbitantly funded ICO research startups are conflicted between courting ICOs to join their TCRs and calling out fraud.
All That Glitters Is Not Gold
The hockey stick curve rise in valuation of bitcoin and other cryptocurrencies in 2017 resulted in several companies launching their ICOs. After a series of exit-scams and fraudulent ICOs coming to light, regulators across the globe stepped in, ranging from the Japanese Financial Services Agency (FSA), Canadian Securities Administrators (CSA) and United States Securities and Exchange Commission (SEC).
Most financial regulators warned investors on the disadvantages of investing in ICOs and appealed for conducting thorough due diligence research on such emerging projects or be prepared to lose their investment. Moreover, the authorities also noted that the price of cryptocurrencies and tokens are inherently volatile and do not have price limits levied in the traditional sectors.