Quadrant is the blockchain based protocol facilitating the access creation and distribution of the products and services related to authentic data and provenance from its core. The data economy is similar to space which is unmapped and chaotic. Therefore, Quadrant serves the users as the blueprint by the providers by organizing the system. This will utilize the decentralized data as well. The infrastructure of the network enables the exchange of DaaS and AI services for the organizations. This also gives an approach for the data vendors to sell their data by using the data smart contracts. The buyers are able to purchase the data and trace their authenticity and provenance through the data stamping verification system of the network.
Subscription Payment
Subscription payment for Quadrant network tokens eQuad and QUAD is a little bit complex. The payment should be made by a single data value chain involved of high administrative costs. The cross-board transactions are prohibitively expensive for this and for this the rightful ADP giving needs to have a fair share becomes next to impossible. Wiring with someone in this may cost $25 and it might not incur any loss on currency swaps. QUAD is intended to solve the problem with minimum transaction fees. It will establish the constellation so that the aggregated data product can be purchased through the entire value chain which can be remunerated too. This need to be done instantly and absolutely does not require any burdensome administration at all.
Staking for Access
In order to foster the innovation, the Quadrant network will grant access through Elons for different datasets and services by staking QUAD. It has multiple tiers of service to create the individual data scientists for a larger number of innovation labs at Fortune 500 companies. In fact, staking ensures the good behavior by the parties as the bad actors can lose their stake in certain stages. The conditions will be placed on the staking party within the tiers by providing the guarantees of fair use that incentivizes the Pioneers enabling the access.
Token Generation
As Quadrant deals with two types of tokens, it has two different token generation service. QUAD is the utility token and is designed to use solely on the network and eQuad is the ERC-20 compliant token and will be sold during the Token Generation Event of TGE. This token can also be converted to QUAD token by the mainnet launch of the network. In that event, there will be a hard cap of $20,000,000. As soon as the TGE raises over $7,000,000, the contributions will be garnered to be locked initially and will make the courses transferrable for 4 years with 40% which will become available by the close of eQuad token sale. It will remain till the release of 60%. This will be released annually for the application towards the objects of the company at a fixed rate of 15%. This will be intended by the assurance of not spending it to the initial years. Around 1,000,000 eQuad will be creating during the event of TGE. Such tokens can be distributed as 40% to the crowd-sale, 20% will be held for the company, 20% will be up for the stakeholders, 10% will be added to the Reserve and the remaining 10% will be reserved for the team.
Quadrant gives assurance to the data providers to value the chain receiver in a proper and fair compensation that will help the network to generate profits.
Website : https://www.quadrantprotocol.com/
Telegram : https://t.me/quadrantprotocol
Ann Thread : https://bitcointalk.org/index.php?topic=3676988.0