Quantor ICO: Algorithmic Trading Hedge Funds QNT Tokens?

What Is Quantor?

Quantor is developing a platform that will allow users to purchase access to proprietary trading algorithms. The company is also planning to release educational materials to train both investors and software engineers, and its own cryptocurrency that will be required to buy its products. While Quantor's website and whitepaper touch on some interesting ideas, the platform is still very early in its development, and it is entering a very competitive market.

Quantor Team

Quantor's development team is small, but highly experienced. The company is based in Moscow, though two of its four team members are living in London. The two living in England are students with impressive academic credentials, while the two remaining in Russia have decades of experience in finance. The team is supported by several advisors based all around the world.

The project has received coverage from many online publications, and it has already attracted several thousand followers on Facebook, Twitter, and Telegram. The company also maintains an active blog on its site, and is offering some free lessons about cryptocurrency and algorithmic trading to generate interest in its platform.

Quantor Algorithmic Trading Hedge Funds Technology

Quantor‘s primary product is a marketplace for trading algorithms. The company intends to hold competitions to find the most effective algorithms, then sell them so that even amateur traders will have affordable access to high-quality trading tools. The actual automated trades will be executed by smart contracts recorded on the company's own blockchain.

Quantor also hopes to establish an online education platform that will teach individuals about trading, and algorithmic trading in particular. The company hopes that the courses will not only be their own profitable facet of the business, but also increase demand for its own proprietary algorithms.

The company also mentions that it hopes to develop its own algorithmically-managed fund, but this is far down the road. In fact, all of its products are still relatively early in their development; the first working version of its education platform will not be released until the first half of 2019, and its trading algorithms won't be available for sale until the end of that year.

Quantor QNT ICO Details

Quantor states that a maximum of 2 billion QNT tokens will be created, but only 68% of these will be released to the public. The tokens can be bought with both Bitcoin and Ethereum, but the sale is not available for citizens of countries with strict laws regarding ICOs.

QNT tokens are being released in three phases: closed and open pre-sale, then a full ICO. The closed pre-sale was held in January and February of 2018, and 30,000,000 tokens were sold. The company has set dates for its open pre-sale and full ICO, but notes that they will be in the first half of 2018. A total of 50,000,000 tokens will be available for a base price of $0.01 apiece during the pre-sale, but the conditions and timing of the ICO will vary depending on the results of the pre-sales.

The company has announced a soft cap of $10 million for its ICO. Any amount raised beyond that point will be placed in a reserve fund to pay algorithm developers and any unexpected fees. QNT tokens will be required to purchase trading algorithms and training courses through the platform, so demand will be proportional to the platform's popularity.

Customers who own large shares of QNT tokens will be entitled to vote on a variety of issues, including the algorithms used to manage the company's eventual hedge fund, and whether the company should manipulate the value of the QNT token through a “buy back and burn” program. However, the company doesn't mention how large a share of the tokens investors must purchase to have these voting rights.

Quantor Verdict

Quantor has an interesting idea; as cryptocurrency trading continues to gain popularity, algorithmic trading and education about it will likely be in great demand. However, many proprietary and open source trading algorithms are available, so the company must prove its mettle. Investors interested in the QNT token should pay attention to the platform's popularity.