DeFiRaccoons
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DeFiRaccoons

AMA RECAP : DeFi Raccoons x QAN Platform.

Date : 17 JUNE 2021
Host : SB
Guest : QAN Platform Team

INTRODUCTION.

SB | Admin @DeFi_Raccoons:

Please be so kind as to introduce yourselves to the Raccoons!

Misha QAN — will never DM first:

Andreas and me are the Community Leads of QANplatform.

Silur is the Co-Founder and Head of Cryptography. We are pleased to answer all your questions today!

SB | Admin @DeFi_Raccoons:

Can you please tell us about your experience and work in the Crypto field.

Misha QAN — will never DM first:

The team consists of cryptography experts, developers, business specialists and advisors. The experienced team behind QANplatform have worked in

companies and projects like: Ethereum, Monero, Zcash, Bitcoin.com, PWC, Uber, IBM, Deutsche Telecom.

Our CTO and Co-Founder is Johann Polecsak who is an economist and IT professional. He gained experience as a private entrepreneur with several startups in Europe.

Endre “”Silur”” Abraham is also a Co-Founder and The Head of Cryptography, he contributed to Ethereum and many other great crypto projects.

SB | Admin @DeFi_Raccoons:

Ok, once again welcome, glad to have you with us today! We like to start off with an elevator-pitch for the people that haven’t yet heard of QAN Platform — Tell us what #QAN is and what are you guys trying to showcase?

Misha QAN — will never DM first:

QANplatform is a quantum-resistant hybrid blockchain platform where you can build DApps or DeFi and run business processes on blockchain in 5 minutes.

We’ve realized that there are many issues in the blockchain world at the moment like.

-99% percent of current blockchains are not quantum-resistant.

-Most blockchains are either public, or private only. There is a lack of hybrid solutions, which is a must for enterprises.

-Lack of automated workflow integration possibilities into developer operations and programming languages.

-Costly hardware and energy requirements.

-Unpredictable data transaction prices for public blockchains: businesses can’t calculate the future expenses for adding data to a public blockchain.

Our solution:

-Quantum-resistant security: QANplatform’s unique lattice-based cryptography secures your data transactions even against quantum computer attacks.

-Hybrid blockchain platform: Define which of your information (data transaction) should be stored on your private and which on the QAN public blockchain.

-Rapid 1-click deployments and integrations: QAN private blockchain comes with 1-click setup on hardware, virtualized architecture and cloud platforms.

Fit your blockchain easily into your existing dev environment and connect it with real-world data.

Lowest hardware and energy requirements on the market: Thanks to the unique Proof-of-Randomness (PoR) consensus algorithm by QAN, data-hubs

(nodes) can be run by a Raspberry-Pi ($35 bank card sized PC) and transaction validations can be done even with a mobile phone

-Predictable transaction fees for public blockchain: Fixed transaction prices in USD to ensure planning predictability for company CFOs.

Andreas @ QAN:

You can save or share the pictures 😉 They are from our Pitch Deck.

SB | Admin @DeFi_Raccoons:

What do you mean by quantum resistance?

Please elaborate.

Misha QAN — will never DM first:

Quantum Computers are a Problem Today. In contrary to the broad public misbelief the upgrading of cryptography primitives in existing blockchain implementations

won’t save them from the quantum threat. QAN has scientific proof that all wallets relying on EC cryptography which have at least 1 outgoing transaction will break.

IBMs 1,121 qubits quantum-computer targeted for 2023 release will break 99% of today’s blockchain platforms.

QANplatform’s IP is the post-quantum cryptographic algorithm implemented in Rust programming language.

Andreas @ QAN:

All wallets relying on EC cryptography which have at least 1 outgoing transaction will break.

SB | Admin @DeFi_Raccoons:

Ethereum has high energy consumption but provides security of transaction.

How are you going avoid overlooking security in order to reduce energy consumption and cost?

You mentioned it would cost just a 35$ bank PC

Silur:

Eth provides a good pragmatic level of security on transactions but assumed to fail against quantum adversaries

we do try to follow the pragmatic practices laid out by eth, but completely changed the lower level cryptographic stack, which by itself won’t really affect smartcontract-level security

SB | Admin @DeFi_Raccoons:

If you follow pragmatic level of security laid out by ETH

won’t you be exposed to quantum computer?

Silur:

likely (heuristics and the market will tell for sure) not, because exposure against a quantum attacker happens on much lower (not the pragmatic smartcontract) layer.

As long as we can “reduce” a quantum attacker’s effort mathematically, we are good to go on upper levels too :)

Misha QAN — will never DM first:

Our unique Proof-of-Randomness consensus algorithm makes the QAN blockchain energy efficient and green

SB | Admin @DeFi_Raccoons:

Can you please explain about your “Rapid 1 click deployment”

What is it’s mechanism and how is it different from others?

Misha QAN — will never DM first:

Thanks to our unique development, QAN is the fastest private blockchain on the market when speaking about deployment.

Our key mission is to build a future-proof blockchain platform, not just an other one on the list. Quantum-resistant security is our USP, but we take one step back and focus on lowering the entry barrier for the developer community, so startups and enterprises can build their Proof-of-Concepts (PoC) and Minimum Viable Products (MVP) as fast as possible to reach mass adoption.

We solve this issue with building integrations to existing and widely used and loved programming languages (Rust), DevOps technologies (Docker, Kubernetes) and Cloud Platforms.

Just an example to understand what the QAN team achieved with our unique development:

Deploying QAN private blockchain to Amazon AWS: takes less than 5 minutes

Deploying (Ethereum, Polkadot, Cardano, Solana etc.) private blockchain to Amazon AWS: takes more than 60 minutes

For example to deploy to the Amazon AWS Lightsail provider, all you need is an AWS_ACCESS_KEY and AWS_SECRET_KEY with proper permissions. After generating above said keys, you just need to run our deployer container which will walk you through all steps required.

SB | Admin @DeFi_Raccoons:

So are you focusing on both markets

Traditional as well as Crypto

Like real world can actually use your products.🧐

Most of the project I find are concentrated in Crypto market

Andreas @ QAN:

Traditional as well as Crypto

SB | Admin @DeFi_Raccoons:

How are you going to approach the non Crypto users who have zero knowledge about DeFi and blockchain

Misha QAN — will never DM first:

We see that the traditional market and companies are still a bit fearful of blockchain, so we are basically trying to make our platform usable for them too, so they can be part of this technological innovation.

Education is very important for us, this is why made three e-books about quantum-computing, energy consumption and transaction fee topics.

You can find them here:

SB | Admin @DeFi_Raccoons:

As the crypto market is expanding, we are seeing the onset of the NFT Era — what hopes do you guys have from this.

Do you have any plans to implement NFT in your project?

Misha QAN — will never DM first:

We are launching quantum-threat awareness campaign this summer, so even the no-coiners who at least heard about crypto will understand the problem and our solution.

A blockchain platform, like QANplatform is the basic infrastructure of all blockchain projects and applications. It is like the operating system on a computer. The whole ecosystem can build and work on top of it. Connect it with real-world data, run automated smart contracts, build decentralized applications (DApps). But you already knew it, since you are here.

The mainnet will be able to handle NFTs as well. NFT security is a neglected topic today. Nobody speaks about cybersecurity issues and pain points behind the NFT ecosystem. Source files of NFTs sold for thousands of dollars can be easily changed to memes by hackers. We are working on an API solution which is already being tested by our partners to store NFT metadata on our Quantum-resistant private blockchain.

Imagine buying an NFT for $69M and it could be changed to the meme Andreas just sent

SB | Admin @DeFi_Raccoons:

Will you lauch any NFT marketplace on your platform

Misha QAN — will never DM first:

As QANplatform we are not planning on introducing any NFT marketplaces, but we hope that we can make developers interested in our project, so they will develop marketplaces in the future on our mainnet.

SB | Admin @DeFi_Raccoons:

Partners play an important role for the marketing as well as development of the project.

Do you have any strategic partnerships that are backing your project?

Misha QAN — will never DM first:

We’ve raised $2.1M in May from Fairum Ventures, DeltaHub Capital, Insignius Capital, and BlackDragon in our VC round, which was followed by a Public

round. In our Public round we raised $700k through three launchpads: Samurai by CyberFi, TrustPad and last but not least, BSCPad.

Regarding the marketing we work with several companies including MarketAcross — the biggest blockchain marketing and PR company on the market.

On the development side top blockchain development companies and individual programmers joined us to test our blockchain platform to be a QANplatform

development integrator in the future. Just to name a few: Labrys, Softwaremill, Adoriasoft, 4ireLabs, nextrope, 482.solutions.

We are partnered with the Western Union partner — Exclusive Change. They own more than 400 curreny exchange offices in Europe and currently testing our

private blockchain. We are also partnered with ‘M Profood’ which is one of Europe’s largest food manufacturer and also testing our private blockchain.

DeFi Naut:

Could you explain what type of value MarketAcross can bring?

Misha QAN — will never DM first:

MarketAcross is a gatekeeper between business crypto related journalists and the biggest projects in the industry such as Binance, Neo, Bancor, Tron, Etoro, Matic, and many more.

SB | Admin @DeFi_Raccoons:

Can you tell us about your listing plans?

Especially the ones involving major exchanges, CEX and DEX.

Misha QAN — will never DM first:

They have connections to top tier crypto and business media outlets.

Our ERC20 and BEP20 token ‘QANX’ was listed on June 2nd on Uniswap and Pancakeswap. The listing of the QANX token on CEXes is targeted in 2021 Q3, but at the moment unfortunately I can’t tell more about it.

DeFi Naut:

Ok that definitely speaks volumes of the team’s commitment to build the best blockchain platform

SB | Admin @DeFi_Raccoons:

Okay but you can definitely tell about tokenomics

In terms of value capture, what is the tokenomics of QANX token, and how do you stimulate the users to hold your token in the long run?

What is the use case of your token?

Misha QAN — will never DM first:

Before our mainnet is on-line there will be a possibility to stake the ERC20 and BEP20 QANX tokens. The ETA of staking is July, we will make an announcement

in the upcoming weeks with the details.

Regarding the mainnet there is a whole ecosystem built on our QAN blockchain and it’s native currency is the QANX token.

You can find the token functions and the ecosystem members of the QAN mainnet below:

1. | Pay for contract deployment

Developers need to buy QANX Token to pay for contract deployment.

2. | Pay for executing methods of deployed contracts

DApps users need to buy QANX Token to pay for executing methods of

deployed contracts.

3. | Pay for fees of token transfers

QANX Token holders need to pay a transaction fee when transferring

tokens.

4. | Pay for validation tickets

Validators need to buy validation tickets in QANX Token to participating

in the validation process.

5. | Pay for full-node provider registration

Full-node providers need to buy full-node licence in QANX Token to be

a full-node provider.

6. | Rewards are paid in QANX Token

Rewards as smart-contract royalty fee, validation and full-node

provider rewards, token challenge and bug-bounty rewards are paid to

the ecosystem members in QANX Token.

Andreas @ QAN:

SB | Admin @DeFi_Raccoons:

What are the returns for stakeholders

Misha QAN — will never DM first:

Top 5 market trends helping QANX Token in 2021:

● Blockchain tech is one of the biggest winners of COVID-19

● 90% of current implementations need replacement in 2021

● Quantum-computers are closer than expected

● A green and efficient blockchain is needed

● QANplatform product milestones and maturity

The exact numbers and details will be announced on our official channels in the upcoming weeks.

SB | Admin @DeFi_Raccoons:

And lastly, can you tell us a bit more about late 2021?

Could you please share with us your long-term goals for the sector in which you create your project and your vision that will carry you to these goals?

As the team works we always have new ideas and implementations which we are adding to our chain. Our biggest goal is the testnet release which is targeted to be done this year. We are also working on the multi-language tool that enables developers to write smart contracts on our chain in their favorite coding language

which was never done by any other project before us. We have many cloud integrations done, but the list is not finished yet so we will continue working on it.

VM and bare-metal integrations are also targeted for Q3 and Q4.

LIVE AMA QUESTIONS.

Makro Schz:

Why did you actually choose daily vesting releases instead of weekly or monthly?

Misha QAN — will never DM first:

We chose daily vesting because, we didn’t want anybody to dump a huge amount of tokens on the market at the same time and crash the price.

Borazz Mentalo:

Could you today share some more technical (but high-level) details about how QAN Pform will be maintaining transaction privacy?

Silur:

As for transaction privacy we do have a couple, but only theoretical and experimental ideas.

One is trough multilinear maps and linear accumulators, as our lattice crypto schemes are… li

near. We do have some PoC jupyter notebooks but still have to go trough rigorous analysis befor

e rolling out. In short, we have a roadmap and some initial plans but as our crypto stack diffe

rs so much from convenional chains, it takes a different and slower approach too.

Misha QAN — will never DM first:

You can find our Technical paper here:

EneryQ IG:

Quantum-resistant security , rapid 1-click deployment and integrations. How did you get to this point? How do you achieve these?

Silur:

Quantum-proof security is achieved trough the use of lattice-based primitives, which are known to be in BQP but not in AWPP (they are hard for quantum computers)

Nothing:

How secure is your token and how reliable is it?What is the guarantee of this token? How many trusted tokens?

Misha QAN — will never DM first:

QANplatform’s QANX Token excellently passed CertiK’s smart contract audit.

We are building QANplatform, the quantum-resistant blockchain, so it was important to us to audit the QANX smart contract with the #1 smart contract security auditor on the blockchain ecosystem.

CertiK leads blockchain security by pioneering the use of cutting-edge Formal Verification technology on smart contracts and blockchains. Unlike traditional security audits, Formal Verification mathematically proves program correctness and hacker-resistance.

Other than QANX the audit firm CertiK was also assigned to audit the recognizable PancakeSwap, 1inch, Tether and Matic just to name a few.

You can find more information here:

Blue:

Can you indicate a feature or feature that you like best about the platform so that it can compete with other competitors? What are you most confident about for your platform? Do you have plans to get users to choose your platform???????

Silur:

The main one is naturally quantum resistance, the main uniqueness feature if you view us as a tech startup. Besides that I (as a smartcontract dev) say that next to the dozens on WASM-compatible smartcontract platforms, we are the first ones who made 99% of the Rust standard library available in contracts :)

Group’s Description:

An investor community for everything related to DeFi, NFT, IDO, Blockchain, and much more. We share our analysis, fundamentals and hold AMAs with all sorts of projects!

That’s all we have time for today, until next time, consider joining our socials underneath to join our DeFi Discussion!

🦝 Join DeFi Raccoons Telegram Channel
🦝 Drop a follow on Medium
🦝 Follow up The DeFi Naut

Now for a disclaimer — I’m not a financial advisor, anything you read on my Medium isn’t financial advice, it’s a log of myself doing due diligence on projects, please verify any and all information presented (error reporting welcome) and make your own decisions.

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An investor community for everything related to DeFi, NFT, IDO, Blockchain, and much more. We share our analysis, fundamentals and hold AMAs with all sorts of projects!

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SB

cryptocurrency enthusiast,WRITER and reader.

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