Quantstamp
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Quantstamp from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Quantstamp.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.