StealthGrid (QMN) ICO Review – ICO Token News
What is StealthGrid?
StealthGrid is a blockchain-powered platform, which facilitates an enhanced data protection service by integrating existing renewable technology into the cyber security industry.
StealthGrid has created a cyber-security ecosystem that shares and keeps data more safely. The platform leverages a system that directly encrypts data in a high-performance way. It offers a network and data protection that is perfect for services such as Cloud Storage, IoT.
- The blockchain-powered platform integrates completely unified and encrypted communications products that are presently ready for market such as StealthCrypto Cloud decentralized data storage, file sharing, encrypted email, call, instant messaging, Video Call, and VoIP – all of which are united within its StealthCrypto Cloud Data Trust Center. Stealth Cloud is a service that helps in securing data exchange.
- The primary objective of StealthGrid is to simplify the most secure, reliable, modern, advanced decentralized, autonomous cryptography and encryption technologies and make them available to everyone.
- It is in fact the first network to adopt blockchain (such as Aktie Social, Market, BunnyToken, Phoneum, PAYSURA, KickCity, Amon, Dentix) for real-time communication networks and industrial usage.
- The eco-network allows you to do whatever you did before, for example; you can chat, call, exchange photos/videos and documents, without worrying about confidentiality and security challenges in your virtual world, irrespective of whether your communication is for business or personal purposes.
Some of the key security solutions that StealthGrid is offering through its platform are as follows:
- Cyber security: StealthGrid allows for simplicity, security, authentication, governance, and speed for your private, and managed clouds demands.
- Cloud security: It consistently defends your valuable data and applications, irrespective of their locations.
- IoT security: The platform allows IoT developers to split, encrypt, and compress all IoT data in transit and at rest.
- Communication: Stealth cloud makes available encrypted communications, from start to finish. Thanks to the system, end-to-end encryption for email, voice calling, messaging, phone calls, and cloud storage could not be as easier as it is now.
- Quantum cryptography: Stealth Grid’s quantum-safe security solutions such as Quantum Key Generation, Quantum Key Distribution (Quantum Cryptography) and Quantum-Safe Network Encryption offer unparalleled protection for data with long-lasting value and sensitivity.
Civilization is at the end of a major disruption in information technology. It has the potential to change the game for just about everything you do: the way you do business, the way you communicate, even the way you cater to your basic needs. What makes this disruption stand apart is a decided shift towards the empowerment of the individual, leaving behind the providers. A shift to where privacy and individual freedom will start to matter more than reliability and convenience.
StealthCrypto (QMN) ICO token details
- The StealthGrid aims to attract investment via the Initial Coin Offering (ICO) method, by releasing its own tokens with a limited emission.
- The token will make use of smart contracts written in the Solidity language.
- The StealthCrypto, abbreviated to (QMN), is the native cryptocurrency of the StealthGrid system.
- It is essential to the functioning of the StealthCrypto ecosystem.
- The functional token can be used on the platform to access a variety of features, products and fees.
- Moreover, as StealthCrypto products and services get more valuable and liquid over time, the token can be used to rebalance individual portfolios.
- In other words, it can be said that liquidity generated by StealthCrypto may enable users to shift allocations between various currencies easily and quickly.
- The StealthCrypto token is an Ethereum, blockchain (similar to SAMY, Graz, DataBroker, Data Broker Dao, RootProject, Kelta, Fire Lotto, RootProject)-based ERC20 token.
Funds collected through the token sale will be used to develop and use the StealthCrypto Cloud products in the StealthCrypto ecosystem. The values of StealthCrypto tokens fully depend upon the developments of StealthGrid and market demand.
The StealthCrypto token is generated for a limited time. The company will create a fixed number of tokens during the presale and does not seem to have any further plan to create any other after that. The StealthCrypto token facilitates a license to activate the current suite of unified encrypted communication products, quantum mesh network products and services, the StealthCrypto Ecosystem and data storage.
StealthCrypto holders can acquire a license only through the coins’ smart contract and then activate the Stealth Grid’s suite of tools by paying any extra licensing fees (transaction fees charged by third party card issuers and payment system providers remain applicable).
The StealthCrypto token (QMN) is based on a C# codebase using sources from the NBitcoin/ NStratis project and the Stratis Bitcoin Full Node implementation layered with company’s own proprietary authentication technology. It will be sprinting under the .NET Core technologies, thus making it compatible to sprint on a variety of operating systems such as Windows, different versions of Linux, and more recently some Mac OS X versions.
In short, StealthCrypto utility tokens can be used as:
- The payment mechanism for accessing and using services and products on the StealthCrypto Ecosystem.
- StealthCrypto Phone.
- NAS Units.
- Portions of subsequent payments paid to providers by users.
- Mining transaction fees paid to the infrastructure owners.
- Pay for transaction fees.
StealthCrypto (QMN) token details
StealthGrid promises to make a total supply of 200,000,000 QMN tokens, and the token sale will be carried out in two different stages. It neither confers nor represents any ownership right or stake, share or security or equivalent rights, voting rights or any right to receive future revenue shares, intellectual property rights or any affiliates, aside from rights related to the use of StealthCrypto platform. The token is just a unit of payment inside a single system, rather than a security.
- 100,000,000 tokens will be issued for the token crowd sale.
- The token pre-sale is still ongoing and will last for 12 weeks.
- The ICO will be launched on 18 March 2018.
- The initial token price (ICO) will be fixed at a minimum of USDl.00, or as per the present market value above USDl.00, when the ICO will be finally rolled out in the month of March.
- The maximum target to attract funds during the ICO is an amount equivalent to USD200 million.
- The tokens can be purchased with Bitcoin (BTC), BitcoinCash (BCC), Litecoin (LTC), Ethereum (ETH) Automatic Clearing House (ACH) and wire transfer.
- Investors will be provided with the tokens within 7 days after the sale is closed.
While 100,000,000 tokens are reserved for the crowd sale during the first stage, 100,000,000 (50% of the total) are also reserved for the crowd sale that will take place in the second stage.
- The second stage is to take place no sooner than 2020, and all tokens will be sold at market price, not at a fixed USDl .00 USD value.
- It is to be noted that all percentages below will be attuned according to the actual amount raised, e.g. if the company sells 70M of 100M tokens, the following numbers will be multiplied by 0.007.
StealthCrypto (QMN) funds allocations
The StealthCrypto Fund works as part of the company’s business model, guaranteeing a stable token with a bright future. The primary aim in collecting funds is to ensure that StealthCrypto’s purchasing power increases over time and market manipulation is eliminated.
The company will be issuing a total of 200 million QMN tokens, which will be broken down in USD in the following ways:
- 15% will be allocated for StealthGrid.
- 13% will be allocated for LLK foundation.
- 28% will be allocated for future funding.
- 26% will be allocated for marketing.
- 19% will be allocated for sales/development.
If any StealthCrypto tokens are left from both the presale and the sale, the company will distribute them into a bonus pool. StealthCrypto has taken this decision in the interest of the ecosystem so that the remaining tokens may be used in a controlled manner to increase participation.
The target is USD100 million at the sale-time price, whereas the projected cap is fixed at 100 million tokens. The marketing effort is expected to acquire 8 million tokens, or 4%.This is chiefly to pay all the companies and people who have worked so hard to generate and manage the token sale. A total of 2% of these tokens are to be traded immediately for are bounty and contest rewards. The other 2% are to be held up for 9 months after the sale ends.
Use of QMN token proceeds
- 12% will be reserved for business development.
- 3% will be reserved for insurance and expenses.
- 5%will be reserved for sales and distribution.
- 10% will be reserved for IoT development.
- 50% will be reserved for production cost.
- 5% will be reserved for legal expenses.
- 15% ETH/USD reserved.
Stealth Grid roadmap
- Q1 2018: Quantum Cyber Security Solutions.
- Q2 2018: StealthCrypto Distributed Network, Quantum Meshed Network.
- Q3 2018: Qubit blockchain development and testing.
- Q4 2018: Qubit blockchain launch.
- Q2 2019: Qubit exchange launch.
How to join StealthGrid ICO?
- Secure an account.
- Activate your account.
- A verification link will be sent to your email. You can activate your account by clicking on that link.
- Make sure that you receive email only from email@example.com
- Buy QMN
- Select your Cryptocurrency
Congratulations! You have joined the StealthCrypto ICO and will receive your QMN (token) shortly!
The team behind Stealth Grid
Similar to other already available ICOs, such as RaiBlocks, Ripple, SALT, Santiment, Siacoin and more, Stealth Grid is the brainchild of some cybersecurity experts, who care about the cybersecurity industry and aim to turn it into a better direction.
Some of the key members of the StealthCrypto team are as follows:
- Larry Castro, Chief Executive Officer.
- William Eilers, Executive Vice President, General Counsel.
- Darren McVean, Advisor, MVP Asia Pacific Inc, Chief Executive Officer.
StealthCrypto mining revenue
Each StealthCrypto wireless node is a completely operational node in the StealthCrypto network. Nodes are allowed to take part in blockchain consensus processes through their PoET/PoV semiconductors. Most often, nodes are identified as block leaders and are rewarded in StealthCrypto, which are funded by a portion of market transaction fees.
StealthGrid believes that with a reliable and solid team, it can provide users with a transparent, secure cryptocurrency service and data protection, as well as make available a variety of conveniences and benefits. The team also believes that with professional and systematic development, it can come up with a highly-functioning platform.
Overall, the project is unique and has something new to offer its target audience. However, similar to other ICOs, it may also have to vie with other already existing competitors promoting similar ideas.
If you believe that this project has the potential to provides benefits in the long run, then you should join the StealthGrid token sales to enlarge its platform and reach the broader society.
Just a reminder that the token pre-sale is set to start on January 28, 2018, while the public ICO is to launch on March 18, 2018 and will last until April 18, 2018.
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