Quantstamp is the leader in blockchain security. We secured blockchain applications that manage over $200 billion dollars worth of digital assets for the best projects in the space including OpenSea, ETH2.0, Solana, and Maker. We are securing the financial infrastructure of tomorrow.
We are a remote 1st company spread across 5 continents and 16 countries. We have an intellectually stimulating work environment and team members who truly care for each other. In order to deliver high quality services to our clients, our engineers have a direct communication style and respectfully challenge each other's ideas. Quantstamp team members are highly collaborative, which has allowed us to stay at the cutting-edge of blockchain technology.
Aside from providing the security backbone for the blockchain industry, we also treat our employees very well. Compensation packages are generous and we enjoy many other perks such as quarterly retreats in exotic locations such as Dubai, Portugal, and Brazil.
Interested in working for us?
We seek to hire 40 employees over 2022. We are looking for applicants from many diverse backgrounds including web2 careers and hackers who honed their skills out in the wild. If you have talent, we want you on our team.
April 2017 Concept
June 2017 Design
July 2017 Prototype
April 2018 Testing
April 2018 Production
April 2019 Network V2
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Opportunities:
Quantstamp had a successful audit with Request, which was a smoothly-run ICO. This speaks to the team’s capability in blockchain development/audit.
This is one of the projects that can help drive blockchain adoption and the potential is huge. Right now, smart contracts are unsecured by default. Smart contracts need to go through expensive and prolonged audit process, which is hindering the adoption and usage of smart contracts. This needs to change and Quantstamp is a good candidate to tackle the problem.
Even if the software only has limited functionalities in the beginning, it can be a good first step in a manual audit because it can potentially save a lot of time for the auditor.
In the Telegram, Quantstamp has indicated that they will buyback if token prices drop below ICO price (tokens will be put into a reserve which the team can release in the future), indicating that the team is confident in the project.
Concerns:
The project is still at an early stage. According to the white paper, mainnet release won’t be until August 2018, which is 9 months after the end of ICO and pretty far away.
Presale participants receive up to 100% bonus, which leaves a bad taste in some potential participants’ mouth. People are now more concerned about ICOs with large presale discount/bonus because those participants are willing to sell their tokens at a much lower price than crowdsale participants. For example, even if QSP tokens drop to 25% below ICO price, those who received 100% bonus can still generate a 50% return.
We believe that smart contract audits cannot be fully automated because human judgment is required to understand the logic and intent of the smart contract. Software can spot bugs that cause the contract to not function, but it cannot detect errors that cause coins/tokens to be sent to the wrong person, or wrong formula being used to calculate payoff in a smart contract, etc.
Since the problem that Quantstamp is trying to solve is large, there are other competitors – Etherparty, BlockCat, ZeeplinOS, and Agrello. All of these projects aim to lower the cost of smart contract development. Quantstamp may not be the winner in this space.
Conclusion:
Overall, we are neutral about this ICO’s short-term potential but like its long-term potential. Our thoughts of the tokens for short term and long term are as follows:
For short-term holding:
Neutral. Even though crowdsale are contributing 63% of the hard cap ($19 million out of $30 million), they are only receiving 54% out of all the tokens allocated to ICO participants. We believe that unless you get in the presale, it is not attractive for short-term holders to contribute into the ICO.
Note that this is based on the current market environment. The ICO market can change dramatically by the time crowdsale begins.
For long-term holding:
Good. There are lots of potential for this project, and if successful, it can really lower the cost of using smart contracts. With the team showing their competency by successfully auditing the Request ICO, we believe the project has a good chance to gain traction when the protocol rolls out.
The Quantstamp ICO token (QSP) is specifically designed to take advantage not just of the blockchain, but of that which the blockchain was invented to enable. Its utility is therefore diversified beyond the world of cryptocurrency and into powering and auditing smart contracts both on the QSP and Ethereum networks - hence our 'exceptional' rating.
Blockchain technology is very secure. However, smart contract technology is not inherently secure. Smart contract are only as secure as the code within those smart contracts, and that code is written by individual developers or teams. Obviously, there have been a number of well-published smart contract vulnerabilities – starting from the infamous hack of The DAO in 2016. In July 2017, a hacker stole $30 million due to a one word bug in the smart contract code in Parity’s multi-signature wallet.
Quantstamp envisions a future where it’s easier for individuals to audit their smart contract code. Quantstamp is a decentralized network that rewards people with tokens in exchange for capturing bug bounties.
Unlike many other ICOs currently underway, Quantstamp also has a working demo available. In that demo, you can see how the platform could be used to prevent attacks like the one that took down The DAO in 2016.
This offer is based solely on information provided by the offeror and other publicly available sources.
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