Category Archives: Experty Updates
Zug, Switzerland, November 22, 2017 – Today, Experty announced they are implementing Proof-of-Care during their pre contribution phase. Experty decided to use the concept developed by their advisor Richard Ma of Quantstamp. Richard Ma, CEO of Quantstamp, noticed there was a glaring problem with ICO’s token distribution. He developed the concept of proof of care to help alleviate some of these issues. Proof of Care ensures that those who truly care about the project get higher priority in the token allocation, along with a bonus for those that qualify. Proof of caring solves the distribution issue that many ICOs experience. Often times, whales scoop up tokens the moment the ICO begins, leaving nothing for smaller participants. This causes a disparity in the token distribution, and defeats decentralization.
Experty believes that tokens should be distributed fairly, evenly, and to those that will actually use them. This prevents large market dumps of tokens post ICO, and gives tokens to people who are loyal to the product. And want it for its real utility. Experty has made it their mission to bring their platform to the mainstream.
Kamil Przeorski, CEO of Experty said “Experty is a practical application designed for widespread use. Transactions on the network are done in EXY tokens, which means users must own EXY tokens. Even and fair distribution, especially to those that will be using the application is essential to our success.”
The proof of care concept allows the community to be involved in the project and receive valuable feedback from the supporters. It allows allows ICO’s to reward its loyal supporters.
San Francisco, November 3, 2017
Today, Quantstamp and Experty announced their partnership to solve one of the biggest problems currently facing the blockchain industry. Many blockchain companies are using smart contracts, and due to the large amounts of money that pass through them, it’s imperative that these contracts are secure. Currently, there isn’t enough focus on auditing and securing these contracts. Experty and Quantstamp plan to combine their efforts to solve this problem.
With the recent surge of blockchain based startups and ICOs, there is a tremendous need for smart contract auditing. Quantstamp provides this service by securing and auditing smart contracts for its clients. They will be using Experty’s cutting edge consultation platform to achieve this. With Experty, Quantstamp eliminates the problems that come with billing clients and dealing with invoice issues. They will be able to efficiently schedule consultations, bill them, and provide the service immediately. The Experty platform provides an automatic payment mechanism to allow instant payment to Quantstamp from its clients. Quantstamp will be able to use voice, video, and group calls to provide the best possible service to their clients.
Experty CEO Kamil Przeorski expressed his excitement about the partnership, stating “It is my pleasure to announce the partnership with Quantstamp. We are really excited about the partnership and look forward to working with the amazing Quantstamp team. They are providing a much needed service in the industry and we plan to be a part of that solution in the near future.”
Quantstamp will also assist Experty in auditing their own smart contracts. They will ensure Experty’s smart contracts are safe and secure.
Quantstamp Technologies, Inc. is based in Waterloo, Canada and San Francisco, California. In 2017, Quantstamp introduced the first scalable security-audit protocol designed to find vulnerabilities in Ethereum smart contracts.
Experty, is based in Zug, Switzerland. Experty is a cutting-edge platform that allows for paid consultation in cryptocurrencies.