A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, KVANTOR, a decentralized gateway or platform that provides financial links with business partners, by opening new payment channels and eliminating intermediaries has arrived.
Before I take you on this voyage, please check out this video presentation
Now that I have your attention, let’s get right to it.
What exactly is KVANTOR?
KVANTOR is a decentralized gateway or platform that provides financial links with business partners, by opening new payment channels and eliminating intermediaries and the KVANTOR Platform aims to upgrade the agreement to a new level and provide freedom of relationships between economic entities, beyond traditional payment channels and eliminate intermediaries.
Furthermore, 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.
The KVANTOR platform raises your deals to a new level and provides freedom of relations between economic entities, going beyond traditional payment channels and eliminating intermediaries. Clients of the KVANTOR platform are banks, raw material manufacturers and traders.
Kvantor aims to bring about true economic freedom to the global market, enabling users to leverage cutting-edge technologies for all settlement, reduce transaction speed of exchange from days to mere minutes at competitive and attractive rates. Using Kvantor , currency and commodity service providers are now able to provide their clients with a state-of-the-art service delivery through a transparent, secure, and tamper-proof technology. No longer do users have to worry about entry barriers to banking services due to geographical location, politics, or financial status. All they now need is an internet-capable device to enjoying banking services on-the-go anytime, anywhere.
The KVANTOR project is to provide real freedom to global market economic agents or to be a new level of freedom for future economic transactions.
To use sophisticated residential technology;
To make quick transactions for competitive and acceptable prices that are not controlled by cartels and companies;
To reduce costs for the clerks, lawyers, «contract management specialists» and release many unnecessary documents;
To transfer capital simultaneously (in many cases, automatically) to those development points, which provide the greatest advantage with minimal risk.
This platform will allow for reduced delivery time to minutes, transaction expenses and error risk - almost to zero, and the volume of required documents - down to the barest possible.
By using KVANTOR, currency and commodity exchange will be able to provide services to their clients based on future technology, and banks will become not only financial institutions but full business partners. We create instruments for the establishment of an equivalent eco-system ecosystem (from physical entities to transnational corporations) that have no entry barrier, provide participants with a win-win work model and erase economic and political limits but do have the highest level of data protection.
This platform is designed to provide full confidentiality of transactions (only parties involved in transactions are allowed access to information), as well as quick and secure settlement without SWIFT.
The project was developed by a team of professionals, based on their own experience and the international experience of the specialists. Our task is to create products that enable both individual companies and all countries to free themselves from their dependence on existing external external economic and financial controls, but not in violation of local laws or laws of the partner's country of residence.
The platform is implemented as SaaS and as a "box" solution. The SaaS format allows system participants to interact freely, make payments almost instantaneously, and ensure the implementation of obligations through smart contracts. The box solution is represented as a stand-alone system with the ability to connect to a global platform via a convenient, broad API.
The Services Provided
Interbank transfers for foreign trade: Transfer of fiat currencies and digital instruments between the banks from different countries.
Banking services: Money transfers, clearing, bank guarantees, factoring, etc.
Exchange trading services (for Brokers, manufacturers and purchasers of goods) :
Agricultural exchange (meat, fish, corn), commodities and raw materials exchange (oil, coal, gold) and currency exchange (fiat currencies and digital instruments).
Interbank transfers provide channels to banks to exchange messages about current transactions between participating banks.
All transaction data is stored in the KVANTOR blockchain, which provides the required transaction processing speed and protection against logical attacks directed at the network.
The message exchange mechanism of the program is based on the legally significant functionality of electronic document management, which relates to the legislation of countries in which KVANTOR ecosystem participants live.
The software mechanism is installed in the bank and interacts with the ABS bank via a special API. The message exchange process occurs on an encrypted channel.
All money transfers are implemented using a protocol that is compatible with the SWIFT system, which allows to minimize changes in the existing ABS.
The exchange of commodities allows users to transact with raw materials, insure them, organize transportation, prepare all necessary documents, receive financial instruments (warranties, loans, etc.) and make instant payments with monetary instruments (fiat or digital) through convenient channels SWIFT).
Actual transaction and implementation controls are performed using smart contracts.
In addition to transactions with raw material suppliers, this platform enables simultaneous transactions with complementary service suppliers (transport and insurance).
Platform technology allows the realization of a number of units simultaneously in a single system (ruble, yuan, tenge, and others).
Features of the exchange are available for fiat currency procedures, online transaction protection using an eskro account with the convenience of allowing the exchange interface.
Security is at the forefront of platform development and not just for funds, but for every interaction and exchange in the ecosystem.
Kvantor enhances the highest level of data protection including user identity, smart contract interactions, and exchange of transactions based on legislative considerations. Its transparent ecosystem is supported by an instrument of economic agents (from physical entities to transnational corporations) that have no barrier to entry, embodied in the original token.
Commodity trading market: direct installments through customary channels, computerized guarantees, figuring and different open doors in light of blockchain innovation and keen contracts.
Quick and secure settlement without SWIFT and implicating outer controls.
Managing an account framework with the capacity to work with the most present day financial instruments and cryptocurrency.
KVANTOR gives various alternatives for the exchange trading members expanding unwavering quality and straightforwardness
This stage is intended to give full secrecy of exchanges, fast and secure settlement without SWIFT.
Direct settlements with contractors in national currencies (avoiding traditional channels and protocols of monetary circulation)
Convenient marketplace with automatic execution of transactions, complementary services (logistics, insurance), electronic arbitrage
Verification of the counterpart — the platform’s architecture allows to check counterpart’s status and reputation beforehand without any violation of information confidentiality, which is the high priority here
Usage of financial instruments (financial guarantees, factoring, etc.) and complementary services (insurance, etc.) based on new technologies — automatically executed smart contracts — for transaction security
Sufficient decrease of financial and time expenditures for execution of transactions
Trading of assets/liabilities in decentralized mode
Protection of confidential information from unauthorized regulators.
Automatic clearing of mutual obligations
Independence from centralized payment systems (provision of alternative channel, which may be used for either all or specialized transactions/clients)
Engagement of new clients by means of provision of innovative banking services demanded by small, medium and large businesses
Protection of confidential information from unauthorized regulators.
Protection from control of economical operations exercised by IMF, NSA and other unfriendly institutions/regulators
Execution of all operations on the basis of consensus of the stakeholders
Increase in national monetary aggregates and decrease of actual operations in foreign currency, increase in the country’s financial stability
In prospect, creation of a governmental settlement platform and uniting on its basis of interested entities and political blocs.
The initial value of the KVANTOR token token is 1/1,300 of the value of an ounce of gold on the day of the smart contract creation (tokens release) and is determined by the daily exchange rate in the London Interbank Market11 in USD, EUR, GBP with one decimal point. The rate of purchase in other currencies is determined by the cross rate of the currency exchange chosen before the beginning of ITO12 to GBP at the date of the token purchase. After completion of ITO, all transactions with KVANTOR tokens are frozen for 2 months.
Token Price: 1 USD
Tokens for sale: 80,000,000 KVT (80%)
Supply of Token: 100,000,000 KVT
Hard cap: 42,500,000 USD
Accepts: ETH, BTC, LTC, FIAT
Restricted country: United States
5% Partners of the project
15% Founders, team, initial investor
80% Beneficiaries of the KVANTOR project
Pre-ITO and ITO
Distribution of released tokens:
15% - founders, team, initial beneficiary
5% - partners of the project
80% - beneficiaries of the KVANTOR project, including:
20% of released tokens are intended for sale in the 1st round of sales;
40% of released tokens are intended for sale in the 2nd round of sales;
The remaining 20% of issued tokens are reserved for subsequent sale (the possibility of exchange trading or selling to a strategic beneficiary will be considered).
Soft Cap - The Soft Cap is 3,000,000.00 GBP. Alongside with the ITO activities, the company is seeking to raise money from venture funds and individual investors.
Hard Cap - equivalent of 32 million GBP. According to our current business plan, this amount (taking into account the costs of system development, marketing, promotion, etc.) will allow the project to recoup the borrowed funds within the required period and start making profits.
1st round of sales
From 26.04.2018 to 25.05.2018 - 20% of KVANTOR tokens are sold. Within this phase, the tokens are sold under a private pre-order (Private Token Sale). Tokens can be purchased by sending an e-mail to firstname.lastname@example.org.
Based on the analysis of interest in the project by potential beneficiaries, the project team either continues the main sale in the Private Token Sale format or begins an open subscription to the tokens.
2nd round of sales
From 25.06.2018 to 24.07.2018 - 40% of KVANTOR tokens are sold.
3rd (additional) round of sales It is held not earlier than 3 months after the end of the 2nd round.
A 40% discount on the nominal value of the token is provided in the 1st round of sales.
A 20% discount on the nominal value of the token is provided in the 2nd round of sales.
Discounts are provided in case of high volume purchase:
5,000 - 24,999 KVT (25% of token nominal value)
25,000 - 49,999 KVT (27% of token nominal value)
50,000 - 249,999 KVT (30% of token nominal value)
250,000 - 499,999 KVT (35% of token nominal value)
500,000 KVT (40% of token nominal value)
Discounts are not provided in the 3rd round of sales on a regular basis.
Minimal purchase package is 100 tokens.
The selection of higher- and middle management has been completed, the backbone of the development- and sales teams has been formed.
Team formation completed.
The key technology partners are identified.
The technological and methodological basis of the developing platform have been finalized.
The key regional partners for the platform’s promotion have been identified.
The Beta-version of «Interbank transfers» functionality has been released.
Commercial version of Interbank Settlement Service is released.
Agreements with strategic regional partners are sealed.
Support infrastructure is formed
First contracts for the provision of Interbank Settlement Service are signed
Beta of Bank Services Package is released
Regional key clients are defined.
Beta of Services of Exchange Trade is released.
Commercial version of Bank Services Package is released.
Commercial version of Bank Services Package is released.
First contracts for the provision of Bank Services (from the Bank Services Package) are signed.
Consortium of Clients with the aim of getting customer feedback and facilitating strategic planning for the development of the platform is formed.
Beta of Services of Exchange Trade is released
Commercial version of Services of Exchange Trade is released.
First contracts for the provision of Services of Exchange Trade are signed.
MEET THE AMAZING TEAM
Arsen Bakhshiyan - CFO
Mikhail Chekanov - Product Development
Stas Sorokin - CTO
Mikhail Petrov - CIO
Aleksey Losev - CEO
Valentin Esipov - Legal
Ivan Anisimov - Business Development (EMEA region)
Elena Kartseva - Business Development (CIS region)
Alexandr Bishnev - Business Development (Eastern Europe)
Artem Timonin - CMO
Alexander Vasilyev - Business Development
Nikita Zuev - Financial Analyst
Kirill Belkin - Lead developer
Nikita Lukhmenev - UX/UI Designer
Vitlaliy Levashov - Back-end developer
Tatyana Gudyma - Frontend developer
Kseniia Fedosova - Project Administrator
Stanislav Drozdov - IT Support
Pavel Shalaginov - IT Support
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.