QLC Chain (QLC) | Rating: 7/10 | Outlook: Flat
QLC Chain is developing a platform for distributed telecommunications. This will be based on a relatively new concept called the Network-as-a-Service (NaaS). This will allow users to purchase and sell communication services to other users that are connected to the network.
Technologically, QLC Chain is being developed on top of the Neo blockchain. The QLC Chain will be built on a multidimensional block lattice architecture. Smart contract technology will also be used to manage the time-limited connectivity and payments
They are also going to making use of a two-chain consensus approach. The first that they will be using is Neo's Byzantine fault-tolerance consensus. The second is a unique consensus mechanism that is called "proof of shannon". This was developed by the QLC team and is a hybrid Proof-of-Work and Proof-of-Stake mechanism.
QLC Chain has also released an application on the testnet. This is the WinQ App that functions as a QLC wallet, VPN node and wifi asset. This is now available in the Google play store as well as the Apple iStore. QLC Chain has also entered some important relationships with a large telecommunications provider in China. This is their partnership with the Montnets group.
QLC Chain completed an ICO in December of 2017 and were able to raise a total of $19.3m in exchange for their utility QLC tokens. Given that these were issued on the NEO blockchain, they are NEP-5 standard tokens. Since launch, the team has been relatively active as evidenced by their GitHub activity. They have also been awarded a Binance gold rating on account of their communications with their community.
Since hitting the exchanges in late December, QLC tokens followed the rest of the market. They are currently listed on a 5 different exchanges but over 95% of the trading volume takes place on Binance. The tokens are quite illiquid which means that they can also be volatile. They are quite susceptible to market news out of China.