Quantstamp

Purpose and Utility

Quantstamp (QSP) is an Ethereum-based token that powers a protocol designed to audit smart contracts automatically. The QSP token is used to pay for automated security scans of smart contracts and to reward validators who run the security checks.

Business Model

The platform operates as a decentralized security-auditing service for Ethereum smart contracts. Users pay in QSP tokens to have their smart contracts scanned for vulnerabilities. Validators earn QSP tokens for running these security checks using the Quantstamp protocol.

Real-World Adoption

Quantstamp has conducted audits for numerous prominent blockchain projects, including Binance, OmiseGO, and Chainlink. The company maintains active partnerships with major blockchain enterprises and continues to provide security auditing services.

Platform Development

The project maintains active development, with regular updates to their protocol and security scanning tools. Their GitHub repositories show consistent activity, and they regularly publish technical updates about their security auditing capabilities.

Token Distribution

The initial token distribution included allocations for the team, advisors, and early investors with standard vesting periods. The project maintains transparency regarding token allocations and uses.

Revenue Model

The revenue model is based on legitimate service provision - security auditing of smart contracts. This aligns with Islamic principles as it involves exchange of real value and services.