Qtum is a hybrid Blockchain Platform for mobile applications and smart contracts.
- What is Qtum?
Qtum is a cryptocurrency that combines ethereum’s smart contract functionality with bitcoin’s security to create a coin that is suitable for adoption by large organizations.
- How was Qtum launched?
QTUM raised $1 million in private early-stage funding for the project from 11 angel investors that helped build the testnet and initial implementation of the idea. Subsequently, in March 2017, QTUM completed a crowdsale that raised $15.6 million in just over 5 days.
51 percent of QTUM tokens (51 million) have been distributed to the crowdsale participants. Funds raised this way will finance the Qtum Foundation’s operations for the next four years, including development, administration, marketing, and financial/legal consulting. Of the remaining 49 percent, 29 percent of QTUM tokens (29 million QTUM) have beeen allocated to community initiatives concerning business development, research, education, and market expansion. 20 percent of QTUM tokens (20 million) have been distributed among founders, early backers, and the development team.
- Who is the team behind Qtum?
The singapore-based QTUM team is led by Patrick Dai.