So we all know Guys, ICOs in the crypto world are the hottest topic these days where dozen of new icos are launching each month, reminding us of the 'dotcom' mania pre 2000 era.
Since blockchain strength lies in widely prompting the concept of no governance, least maintenance & no man in the middle. This means complete reliance on the way developers have written the rules of engagement when it comes to Smart Contracts on Blockchain.
We all know human beings are not perfect as well as the computer code in early phase. Thats where the term "EVOLUTION" perfectly fits. Every software developed follows an evolution cycle and it gets patched from time to time.
However, it is so imperative that the code written in the smart contract should govern the set of rules perfectly, hence covering all exceptions and it is ensured that it does not bleed, since its money we are talking about over here.
Few Icos have recently gone through the rough patch of recalling their entire pre-sale as a result of funds being locked out for investors due to faulty smart contracts.
With the ever-growing numbers of icos coming in recent days without any central regulatory body to monitor them, this is where QSP comes up where they introduced the concept of audited coins on blockchain, thereby ensuring that the pre sale coin/token is safe, does not implement contain malicious code and is safe from critical bugs, which can lead to investors losing their money or jeopardize the functionality.
It will be safe to say, QSP is a giant in the making, as they plan to do 150 audits in a year initially, and distributing portion of the audited tokens inform of airdrops (Rewards) to HODLERs of QSP token on regular basis, as part of their Proof-of-Care model. WOW !! I am sold by just the idea of receiving ico coins by just HODLING on to QSP .
Moreover, recently they have geared up to upscale their game of working on an "Automated Smart Contract Auditing tool" for smart contracts planned on being released in Q2 2018, where the limitation of 150 audited smart contract per year becomes irrelevant and will be a Game Changer for them and 'Game Over' for competitors.
QSP has minimum or no competition in this space and they will clearly have an exclusive lead once their automated tool is ready. The growth of this token has been gradual but organic. It's not artificially hyped, mostly investors are sitting on it for long term and believe in the team and their idea. Therefore, least PUMP & DUMP events witnessed with QSP, and i hope it stays this way. There are a lot of others coins for the latter to observe.
QSP token is priced just under 0.6$ as of 4th Jan 2018, and in my view point, getting QSP while it is still under 1$ mark, is a steal. With the given trend it has the potential of reaching 10$ by end of year 2018, and that too organically without needing too much hype in the media.
Moreover, if it becomes a criteria for all icos to go through a mandatory process of pre-audit checks before the launch, which in my opinion we all should demand as investors from all icos to protect ourselves from risks, scams and fraudulent practices associated with icos.