#AMA780

Question for Part 1- Project overview:

1/ Can you briefly introduce yourself as well as Qitcoin? And from where you get the project name? What does it mean to you? And why you choose this name for your project? What is your mission and vision to build this project? What you want to achieve Through your project in future?

Qitchain Network CEO :

Hello, everyone! As the CEO of the Blockchain Search Engine Project (Qitchain Network) team, I am very honored to interact with you. I got involved in cryptography in the previous study and research stage. Due to the academic particularity, I got involved in and focused on blockchain technology very early. I have contributed to cryptography technology in some open-source projects.
Until 2015, I started to study the whole blockchain project due to my work at the time, and the idea of the Qitchain project began and was fascinated by it.

2/ Is Qitcoin a safe and reliable platform for investors? What value does Qitcoin bring to investors and the blockchain community?

Qitchain Network CEO :

Yes, as blockchain applications grow in scope and volume, the demand for querying these systems increases as well. Although the full node stores all the block data, the current blockchain system has limited support for full node queries, and it still has the following shortcomings in data query processing:
1. Data semantics are not rich enough.
2. There is insufficient data manipulation.
3. On-chain/off-chain data integration is complex.
Qitchain introduced relational semantics in the blockchain ecosystem, complex queries are enable, composed of basic relational operators such as selection, projection, and connection. As a result, query processing capacity improves even though only one piece of data is stored. In addition, additional costs are avoided.
ADS construction and storage overhead: Qitchain proposed a cryptographic accumulator based ADS GCA2 tree to support verifiable multi-dimensional aggregation queries for blockchain.

3/ Who are Qitcoin strategic investors? And what is Qitcoin roadmap to 2021? What is your ultimate goal for this year?

Qitchain Network CEO :

The Project team because the economic model is amazing and the annual production is 13.14 Millions QTC. Currently interactive projects and institutions: 1. CoinW Exchange;
2. BalletCrypto;
3. Daling Research;
4. Chainfir Capital;
5. Beosin;
6. Tiger Token Capital;
7, West Finance; 8, Coinhub; 9, Decoin research; 10, Gitcoin
Want to interact: 1, Filecoin; 2, Luna; 3, FTX; 4, AR; 5, Matic; 6, Softbank; 7, holychain; 8, other distributed retrieval and storage projects.
The technical goal of 2022 is Turing completeness, and the price of QTC will be 200 US dollars each

Part 2: Pre-selected questions from our community

1/ What are the competitive advantages of your project? What advantages do you have that other competitors don’t have? What would be your project secure most similar contender in the market today in terms of scalability, security, features & adaptability?

Qitchain Network CEO :

2/ Which market are you focusing on? How do you rate the Vietnam market? Do you have any plans to develop in the Vietnam market?

Qitchain Network CEO :

Sam, [1/5/2022 7:40 PM]
Qtc is currently very popular in the Asia-Pacific region and European and American markets. We are very willing to cooperate with Vietnamese friends

3/ What is the token’s role in the ecosystem? Where can people buy right now? What will it do? Is your platform suitable for Crypto beginners? Or is it limited to professional users only?

Qitchain Network CEO :

We will warm welcome to our Vietnamese friends

3/ What is the token’s role in the ecosystem? Where can people buy right now? What will it do? Is your platform suitable for Crypto beginners? Or is it limited to professional users only?

Qitchain Network CEO :

Token is the required medium of exchange for paying fees to complete protocol-level computations in the ecosystem. You can buy it now on CoinW. Our platform is very user-friendly and suitable for beginners in crypto.

4/ Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

Qitchain Network CEO :

Our Economic model and consensus algorithm is the key to hold investors in long term.
The overall economic model of QitChain is mainly pledge. In order to ensure the subsequent liquidity of QTC, QTC is set as the search engine data storage and search, download, etc., and build other ecology, including mall, knowledge payment, training, etc.

5/ Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of the token?

Qitchain Network CEO :

Yes, but value of token also depends on the innovation and development of technology and our economic model and consensus algorithm which is a unique one, users may often less care about the technology but our vision is to communicate our ecosystem and technology to the users so they can take maximum benefit from the technology we bring.

Question for Part 3: Guests will choose 5 live questions from members and answer directly in CryptoFury Community

1/ Q.2)What’s your main focus right now, are you focused on the community or market/Exchange or the products?

Qitchain Network CEO :

Currently, is it available on any Exchanges? How can I buy your token, and what is the criteria?

Qitchain Network CEO :

Yes currently Qitcoin abbrevated QTC is available on CoinW, get yourself register on CoinW and you will be able to buy QTC. QTC will be listed on more exchanges very soon.

What wallets can currently support your tokens? Are there plans to add up extra features in your ecosystem in the nearest future? What plans do you have on your roadmap for 2021, in the short-term and long term?

lease navigate our website for details — docs tab

Your goal is to create different NFT thematic groups. What are the types of assets you plan to tokenize and include within your protocols? How will they manage to provide consistent quality control for the pools to generate significantly higher levels of value extraction?

Qtc is a native token. At present, test node service providers in the Asia-Pacific region have developed different mining pools for equal rights mining.

All details about Qitcoin could be found below

🛢 Website: https://t.co/b3xTUPn7Ct
🛢 Twitter: https://twitter.com/Qitcoin_QTC
🛢 Telegram Chat: http://t.me/Qitcoin

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store