Spending altcoin, even Bitcoins in some situations, can be somewhat hard. You can’t exactly go to your local deli and pay for your sandwich in Dogecoins. UQUID is attempting to make this a possibility, as long as your local deli accepts debit cards.
Finally, we won’t have to go through a dozen different exchanges and paying a dozen different fees just to convert our cryptocurrencies into fiat currencies which we can then spend with our debit cards!
About UQuid Coin UQC
The idea is simple; create a platform which is linked to a reloadable debit card that can utilize over 90 different cryptocurrency coins. Add in mobile top-up capabilities worldwide and you got yourself UQUID.
Uquid Coin UQC ICO Breakdown
Launching this type of a service isn’t exactly the easiest thing in the world. This will require quite a bit of funding and brain power. This is where the Uquid Coin UQC ICO comes into play. The developers of UQUID have provided us with a breakdown of where the ICO raised funds will go, here it is:
- Marketing – 5%
- Legal – 5%
- Overhead – 15%
- Working Capital – 30%
- Development – 45%
At first glance, this breakdown is somewhat rudimentary and pretty simple. The problem is that there is a lack of information in each of these funding aspects. Also, some of these numbers don’t make sense and need a bit more feedback.
For example, the legal funding is estimated to be 5% of the total ICO raised funds but what does this mean exactly? Will this funding be used to cover the fees associated with regulations for cryptocurrency use across the globe? If yes then 5% isn’t nearly enough to cover these fees and the reason for it is the huge amount of regulations that are surfacing in many different countries in regards to cryptocurrency use, especially if you are planning on using more than 90 different types of coins.
Uquid Road Plan And The Team
Upon reading through the white paper offered by UQUID we were able to make a few more discoveries about what the plans are set in motion by the developer team of UQUID.
First, we want to make note that the road plan for UQUID is very straightforward. Connect the debit card to the blockchain, this was done in 2016. Save enough altcoins to be able to operate the debit cards issued to customers, completed in 2017. Perfect the exchange platform that can be used by the users to utilize the coins they like the most, being worked on throughout 2018.
Invest into altcoins and decide which ones will produce the most profit, being worked on in 2018 and throughout 2019. Establish the ability for direct spending, should be completed throughout 2019 and 2020. Introduce the ability to cash out or send to banks directly from blockchain, estimated to be completed between 2020 and 2022.
The beautiful part about this roadmap is that UQUID’s stipulation is that they will continue to work on it no matter if the ICO is successful or not. In other words, additional funding from the ICO will ensure that these bullet points are accomplished faster.
This is excellent news for the investor because the only variable introduced by the ICO is the speed of completing it without a chance for failure. Essentially the team stated in the white paper that the roadmap can be accomplished by up to 2 years faster with the help of ICO funding.
The team responsible for UQUID’s success also seems to be very promising. Not only are all of the objectives for each team member matching the current roadmap but we can also see that some of the members are already working full time on the project while others are still employed at other locations while working on the UQUID project in addition.
This makes complete sense since without the ICO funding it is nearly impossible to fund a full team and ensure that all of them are getting paid to work on UQUID. As more funds become available expect more and more team members to become full time involved with UQUID.
Uquid Coin UQC ICO Conclusion
Although there are a few mishaps here and there, like the odd sizing for some of the trademarked logos for involved companies on the main page of the website and skewed graphics in the white paper of UQUID, overall it seems that UQUID is standing behind something they believe can truly revolutionize the way we use and spend altcoins.
The fact that the roadmap seems very reasonable and all of the team members are matching the projects which are currently underway according to the roadmap is very reassuring.
We can’t exactly state how investable this Uquid Coin UQC ICO is but we can definitely admit that UQUID seems a lot more stable and plausible as a good investment the some of the other ICOs that we have seen in the past. If you plan to fund this ICO, ensure that you communicate with the community and the developer first.