Qlink Partners with Binance to Support BNB in Qlink Ecosystem
[Singapore, 2 April, 2018] Qlink, the world’s first decentralised mobile network, has worked with Binance, the world’s leading cryptocurrency exchange, to incorporate BNB into the Qlink dApp. The partnership follows Qlink’s listing on Binance on March 26th, 2018.
Qlink debuted its first dApp featuring mobile network sharing such as WiFi and Wallet functionalities on Github in January. The dApp has gone through 11th upgrades and will be available on Google play in April. Qlink team announced to support BNB token as utility token in Qlink dApp. BNB is issued by Binance as a means of payment in the Binance platform and is currently among top 20 crypto currencies in market capitalization.
Qlink team is embracing BNB into ecosystem in a variety of ways. First of all, Qlink’s in-app wallet will support BNB and allow users to hold BNB.
Secondly, Qlink is to add the trading pair of BNB/QLC so that users can directly purchase QLC using BNB. Trading price provided by Binance platform will be used as reference price of token conversion initiated on Qlink dApp.
Thirdly, The dApp will also support BNB as a game token for WiFi ownership cybersquatting within the dApp, which allows users to purchase the ownership of a registered WiFi or VPN asset at higher value in either QLC or BNB.
The two teams agree to explore collaborations in other real use cases depending on dApp’s technical development. For example, Qlink dApp is to support BNB to top-up pre-paid mobile service. Also, a potential cross-chain solution between Binance Chain and QLC Chain is under discussion.
This partnership between Binance and Qlink helps BNB to circulate in an utility dApp and adds new use cases to the BNB ecosystem. The partnership could increase BNB adoption as the user base of Qlink grows. The close collaboration sets an example for the industry for strengthening both parties.
Qlink is aiming to build the best decentralized protocol for mobile network service, upon a public chain dedicated for network transmission, which will be completed by the end of 2018. Its first dApp supports users to register mobile network on blockchain as a digital asset, to share the usage with other users in a secure way, and to be rewarded by sharing. In other words, by adopting blockchain technology, Qlink dApp enables individuals and small businesses to provide WiFi access services.
“We are very excited about the partnership. Joining hands with Binance, we will provide cryptocurrency holders and traders the most secure and convenient network usage experience. There are increasingly more use case scenarios to be added on the dApp to enrich the industry.” Said Susan Zhou, COO and Co-founder of Qlink
“Qlink has a strong developer team and solid applications. The use case of secure network sharing has visible demand in the market, especially for users who pay more attention to information security and recognise the value of decentralization technology. Qlink is an ideal partner to further proliferate BNB utilization.” Said Changpeng Zhao, Founder and CEO of Binance.
Qlink is a project supported by Qlink foundation, a Singapore registered non-profit organisation. It focused on building the best protocol for network transmissions powered by blockchain and providing decentralised communication services. QLC ecosystem is consist of QLC public Chain, Shannon consensus, dApps for mobile network which provide a variety of communication services.
Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, and Info. Binance Exchange is one of the fastest growing and most popular cryptocurrency exchanges in the world. Founded by a team of fintech and crypto experts — it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike.