![quant1.jpg](https://steemitimages.com/DQmRJbBE4ZfsmNRyZq7dG5RBp5ghxF6SPGYBsTo7cr7BzxU/quant1.jpg)

What is Quantstamp?
QuantStamp is a scalable security and audit protocol used to find security issues in Ethereum smart-contracts. It provides a proof of audit and automated checks on smart contract risks  to the developers, investors and users. The tokens are used to pay computational fees, bounties, verify nodes, and reward to the validators.

QuantStamp is still at a very early stage of development. It was founded in June 2017. But in October the team has already audited the Request Network ICO. By the end of this year 4 more audits are planned, with the launch of a test network in April 2018. 

![quant2.jpg](https://steemitimages.com/DQmbqn6ijFSW21pMqUKbYHqp9ahndZqCvDN5LkGj4bCvjsM/quant2.jpg)

QuantStamp is worked on by a small team of 7 people. CEO Richard Ma has a trader background from Tower Research and Archelon Group. Project CTO Steven Stewart’s experience comes from software development at Magnet Forensics, as well as his post of computer system analyst at the Department of National Security of Canada. He is also the founder of Many Trees Inc. Advisors of the project include Facebook Director of Engineering Evan Cheng, Dr. Vijay Ganesh from the University of Waterloo (Professor. Computer Engineering) and Min Kim, Chief of Staff at Civic.  

![quantteam.jpg](https://steemitimages.com/DQmQ3SKc3prKvjpfUYfaXLfiaSz3cu6KTJ1E1Fw9zR68CJP/quantteam.jpg)
![quantadvisors.jpg](https://steemitimages.com/DQmTXJbd9KH6JAjmSt7hMhMPmKEtqw8UueuvUEDPxgZoXCj/quantadvisors.jpg)

Crowdsale conditions are favorable for a long term investment. Although the crowdsale will contribute 63% of the hard cap, its participants will only receive 54% out of the total tokens distributed. Beyond the presale, taking part in this ICO will probably not be attractive if you’re thinking short-term. However, the project has rather good long-term potential! In the event of the project succeeding, it will likely significantly decrease the cost of using smart-contracts. Furthermore, the team is already demonstrating its competence by conducting ICO audit (as we mentioned above, so far it’s been done for the Request Network ICO).

To learn more about this project visit the links below. 
https://www.youtube.com/watch?v=zjHHbf1YkMU

https://www.youtube.com/watch?v=pqQvN0miKo0

https://www.youtube.com/watch?v=ZETDZ0bud2I