Blockchain technology has gained a lot of traction in the recent days as companies across industries are looking into adopting it. The increased demand, followed by innovation in the blockchain sector has given rise to platforms like Qtum. Qtum’s innovative smart contracts technology has received validation of consumer demand through its ongoing crowdsale.
The month-long Qtum crowdsale, which went underway on March 16, 2017 has received tremendous response from the cryptocurrency community. The platform has managed to raise almost 90 percent of the required funds in less than 2 days. The very first day saw investors pumping in about $12 million worth of bitcoin and ether to meet 75% of the goal. The Qtum platform has raised over 10000 BTCs and 68200 ETHs by selling close to 46 million QTUM tokens.
Qtum is a decentralized applications platform that combines a modified Bitcoin Core infrastructure with an intercompatible Ethereum Virtual Machine (EVM). By doing so, Qtum combines the best of both platforms — Bitcoin’s unfailing blockchain and endless possibilities offered by Ethereum smart contracts.
The developers of Qtum platform aim to provide an end-to-end multi-platform blockchain solution to cater to a range of applications across devices. These breakthrough capabilities are made possible by eliminating the need for specialized heavy software to create, deploy and operate the smart contracts.
The specialty of Qtum combined with its potential applications in low storage environments like mobile, phones, IoT applications etc., has turned it into an attractive investment for the cryptocurrency community.
The increased demand for QTUM tokens among the community has forced the platform to reallocate crowdsale tokens between exchanges. The three participating exchanges, Yunbi, BTC9 and Allcoin have been allocated additional QTUM tokens to meet the demand. According to the latest blog post, Yunbi has been allocated an additional 3 million tokens, 1.2 million to BTC9 and 500,000 to Allcoin. The extra allocation doesn’t affect the total number of tokens created by the platform has it is kept constant.
Ref: Qtum | Finance Magnates | Image: NewsBTC