QOMPASS — Platform Financial Market Blockchain

5 min readApr 21, 2018

What is QOMPASS ?

Qompass is an advanced, new generation, crypto investment platform that supports trading, Financing and Peer-To-Peer (P2P) exchange in the crypto economy. Built on its own Qompass Blockchain, it is designed from the base to offer phenomenal speeds of over 30,000 TPS (Transactions per Seconds). Our goal is to facilitate financial transaction within a cross Blockchain architecture that extends support by means of Artificial Intelligence (AI) and Smart Contract implementation. Qompass through the employment of the latest cryptocurrency Blockchain technology offers a comprehensive service that allows trading, lending and exchanging of cryptocurrency into fiat, in the most reliable and easy way. Qompass is built to support the easy transformation of Financial markets applications and Services from traditional means to blockchain technology. At its core Qompass will provide a rich ecosystem of API protocols and applications to drive financial and capital markets on a global scale, Our Ambition is to pave the way to fully digitalizing the $294 Trillion Global Financial Markets.

https://qompass.io

How does Qompass work ?

Qompass’s long-term goal, Whitepaper said, is to “block most of the $ 294 trillion global financial markets, restore confidence and eliminate complex procedures and corruption.”

That is an ambitious goal, so how will Qompass achieve these goals? Here are some core functionality of the platform:

Faster than Ethereum or Bitcoin
Supports over 30,000 transactions per second
A self-aware blockchain supported by artificial intelligence
Fully customizable and expandable
Support for smart cross-chain (intelligent contracts that operate on multiple blockchains).
Low transaction costs
Compulsory and anonymous
Built to support financial transactions and high frequency transactions

Qompass also relies on a function called “proof of state.” The main purpose of the Qompass node is to verify the status of the contract and identify the “proof of state”. Rather than following the traditional techniques to exploit new blocks and unnecessary cycles, Qompass only requires licensed nodes to verify the creation of new blocks.

Vision of the project

Qompass’s vision is to restore the trust of traders in the $ 294 trillion financial market by using the full blockchain taxonomy functions to make every counterfeit transaction prove and corruption free.

THE BLOCKCHAIN OF NEW TECHNOLOGY

The Qompass Block Chain is a new generation of Blockchain technology. This is a cooperative ledger that supports state changes by trusted and licensed nodes. The new Blockchain technology is capable of reaching tens of thousands of transactions in just a seconds (30,000 tps). This efficiency is achieved through executing contracts on clients by verifying their output with a 90 percent consensus algorithm used in the creation of new blocks. New and better blockchain does not require the storage of detailed information on every transaction; but rather the chain-side is responsible for this action, and handles the complete history storage procedure.

Also, whenever access to stored data such as digital signatures, source contracts and transaction records is required, usually stored on Blockchain on other platforms, Qompass Block Chain verifies and authenticates that information by referring to the cloud services associated with it and is responsible for handle all related digital assets and signatures. These clouds are different and completely separate from Blockchain, resulting in a highly improved transaction speed, along with improved synchronization as well.

TOKEN SALE

The platform sells its QPS token during token sales starting April 6, 2018. There is a total supply of 33 million QPS tokens, with over 20 million avails during token sales. More than 60 percent of complete token supplies will be sold to the crowd, with the remainder allocated for development and research (20 percent), 5% advisers, 10% marketing and 5% legal fees.

The previous QOMPASS platform has collaborated with KuCoin, Cryptopia, Binance, OKEX, HitBTC, and Huobi as all of these are listed as expected crypto exchange on the official QOMPASS website. Although, we can not find any evidence that this crypto currency exchange will register QPS at any time in the future.

Token: QPS
Price: 1 QPS = 0.009 ETH
Receive: BTC, ETH
Bonus: Available
Platform: ETH
Soft cap: 5,000,000 USD
Hard stamp: 10,000,000 USD
Whitelist / KYC: No There
Country: Hong Kong

DISTRIBUTION TOKEN

Legal Fees 5%
Advisory 5%
Marketing 10%
Research and Development 20%
Crowd Sale 60% (Round One $ 0.8 Bonus 20%, Round Two $ 0.8 Bonus 5%)

Locked for 1 year

USE OF FUNDS

Project Development
80%
Reserve
20%

ROADMAP

Qompass Genesis
2017

QPS Tokens Pre-Sale
Qps ICO Sale
Distribution of ERC20 QPSE Tokens
Listing Of QPSE On Exchanges From
Q1 2018

Launch of Qompass main net
Windows, Mac, Linux Wallets / Clients
Android, IOS Wallets
Qompass(QPS) Tokens release
Token Swap(QPSE to QPS) starts
Listing of QPS Tokens on Exchanges(Kucoin , Binance ,Hitbtc )
Q3 2018

API for DAPPS, Block chain design framework, smart Contracts Templates(Drag & Drop)
Qompass Trader
Qompass Liquidity stream and gateway
Launching Strategic Partner Programs
Launching Managed Crypto Investment Program (Minimum QPS price on internal Exchange — $15)
Q4 2018

Qompass payment cards / hardware Wallets
Qompass Banking Network
Qompass Liquidity API (Traditional Exchanges)
Global marketing Campaign
Q1 2019

100% Bonus payment To Pre ICO and ICO Subscribers
Launching Of Qompass Terminal: A Crypto Financial News, Data, Analysis Terminal (Subscription Only) (Minimum QPS price on internal Exchange — $35)
Q2 2019

Launching of Crypto Fund Incubator Program
Q3 2019

TEAM