Kvantor is a financial platform that uses the blockchain technology to create a decentralized environment in which economic entities can make transactions. This platform is aimed especially at banks, raw material manufacturers and traders.
What Is Kvantor?
Imagine if you could deal with your business partners without having to worry so much about the bureaucracy that you normally would have to deal with. Kvantor provides just that: a chance for your company to make business more directly.
The platform offers features like mutual settlements without having a SWIFT number and too much outside control and an enhancement of banking systems based on the blockchain technology provided by the company.
If you decide to use the Kvantor platform, you will have access to the most modern financial assets and tools to help you and to a marketplace in which you can trade different types of commodities via digital channels and are able to trespass the bureaucracy of the system.
How Does Kvator Work?
The main goal of the company is to provide the users with a platform that can make they simply able to ignore all bureaucracy while still following the law. The payments are made via the blockchain and are fast and can be done from anywhere in the world.
Kvantor works both as a SaaS and as a “box” solution. The companies on the platform will be free to interact with each other and it can also work as a “box” in which it can be a simple solution for when you need the ability to connect to the platform by using the API.
Unlike many blockchain platforms, Kvantor offers privacy to the users about the transactions that they made, as only the involved parties are able to see the information of the trades that they have made in the past and all the other information is protected.
Interbank transfers are one of the main features of the company. The blockchain helps to prevent hacking or any other type of interference at the transactions. Also, all the money transfers use a protocol that works in a similar way with a SWIFT system but in a faster and easier way.
The platform can also be used for commodity exchange. All the transactions are made via smart contracts and the blockchain offers a good way to protect yourself from having to deal with a lot of paperwork and problems because the transactions happen all at once with smart contracts.
Independently of the type of fiat currency that you could be using, the platform will only use a single system, so there will be no problems with this either.
The Kvantor Team
This company is based on the Republic of Cyprus and its main personnel are software developers. Here is a list with the some of the most important people that work in this company:
Arsen Bakhshiyan (CFO); Mikhail Chekanov (product development); Stas Sorokin (CTO); Mikhail Petrov (CIO); Aleksey Losev (CEO); Valentin Esipov (legal department); Ivan Anisimov (business development); Elena Kartseva (business development); Alexander Bishnev (business development); Artem Timonin (CMO); Alexander Vasilyev (business development); Nikita Zuev (financial analyst); Kirill Belkin (lead developer), Tatyana Gudyma (frontend developer), Kseniia Fedosova (project administrator), among others.
The Kvantor Token Sale
Unlike most cryptocurrencies, Kvantor tokens will not be sold for ETH or BTC or even USD. The price of the tokens will be defined by this formula “the price of each KVANTOR token will 1/1300 of the price of gold in that day”.
The sale has already started and it will last until June 26, lasting two months. The hard cap is $32,000,000 GBP and discount will be offered to early adopters of the token. The tokens will be used mainly to buy licenses from the company later.
- Token Symbol: KVARK
- Token Sale Starts: April 26, 2018
- Token Sale Ends: June 27, 2018
- Token Standard: ERC 20
- Soft Cap: none
- Hard Cap: 32 Million GBP
The Kvantor Conclusion
Kvantor looks like a very interesting platform because it allows big companies that generally would have problems to manage all their transactions to use a platform that can be considerably more easy to deal with. As these are companies with much money like banks, they are the type of client that is going to make this company successful because of the volume of money that will be transacted at Kvantor.