In the world that we live in today, there currently exist more than 2000 mobile service providers, all of whom make use of a centralised service system. For example, pretty much all of the 3G, 4G, WiFi services that we make use of on a day to day basis, are operated/ governed by one or two primary service providers. This not only causes market monopolization, but also causes a lack of innovation.
In addition to this, due to the centralization of power into the hands of one or two corporations, we are faced with issues such as:
- Poor distribution of quality content
- Discrepancies in billing models
- Poorly thought out usage fee rates + issues of overcharging.
- Low security of personal information.
What is Qlink QLC ICO?
Qlink has been described as one of the world's first “decentralized mobile networks” the provides its users with regular telecom services through the use of a blockchain based ecosystem. It makes use of technologies such as smart contracts to help in the better, more affordable distribution of content and services.
At this point, it is also important to mention that Qlink uses its very own currency to help execute transactions within its ecosystem. Through the use of these tokens, we can easily authenticate and register our assets on a ledger, thereby making all transactions completely transparent. Lastly, users can also share their assets within the network through the use of ‘smart contracts’ to collect rewards and other incentives.
How Will Smart Contracts be Used in the Context of a Telecom Service?
Before we answer that question, we should learn a bit more about smart contracts, and what they exactly are. In simple terms, smart contracts are a set of algorithmic codes that are employed between “two consenting parties” when a business transaction needs to be executed.
Thus, in the case of Qlink, we can see that it helps eliminate any middlemen by introducing these contracts, therefore allowing for more trust to be developed amongst customers.
Are There any Apps that will be Offered to Users?
Yes, there will be two distinct apps, each of whom have been described below:
(i) Qlink mobile app:
As is clear from the name, this is a smartphone app that can allow users to connect to WiFi hotspots, gain access to mobile data etc. In addition to this, the developers of this platform have also envisioned its use as a wireless hotspot.
(ii) Qlink Desktop app:
The features of this app are quite similar to those of the mobile version.The core difference being that the desktop version allows for the purchase of unused E2P SMS’s that can allow users to transfer content to other customers within the network, more efficiently and quickly.
Why Choose Qlink?
One of the key aspects of this service that make it stand out is its use of a network chain called “Qlink Chain”. It has been developed exclusively for use within the context of being a telecom service, thereby allowing for excellent billing and content distribution control. Other beneficial aspects of Qlink Chain include:
- Advanced Data traffic billing information
- Encrypted records of a user's browsing history.
Qlink QLC ICO Token Details
As mentioned earlier, Qlink will be using a native currency called QLC to handle all operations within its ecosystem. These QLC tokens will be used to pay of services such as
Wifi Access, Mobile data Access, E2P SMS packages, and even the registration of content on the Qlink Chain. In addition to this, the tokens will also serve as incentives for content creators within this platform.
In all there will be a total of six hundred million (600,000,000) QLC tokens that will be created.
During this phase, the conversion rate that will be maintained is as follows: 1 ETH = 4,000 QLC. Also, during this period there will be a hard cap in place that has been determined to be 40,000 ETH.
During this phase, the conversion rate has been determined to be 1 NEO= 400 QLC. It should be noted that this is the approximate price, and that in the future the determined value may change.
Qlink QLC ICO Distribution Plan
As per the official company whitepaper, the distribution of Qlink QLC ICO tokens will be done as follows:
- As mentioned previously, there will be an issuance of 600 million Qlink QLC ICO Tokens, out of which 224 million will be sold.
- 40% of all tokens will be reserved for launch participants as well as marketing and bounty campaigns.
- 20% will be reserved for the development team as well as the board of advisors. These tokens will be released gradually over a period of three years.
- 40% of the entire currency has been saved for partnerships, marketing, strategic initiatives, and future QLC expenses.
For any other queries, users can simply email customer care representatives on the email address provided on the official company website.