There is again new crypto currency on the block: Qs by InitiativeQ. The payment method hasn't gone live so it technically has no real value. 
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![basad.png](https://cdn.steemitimages.com/DQmYiqsmpTzPbafLM3Hako7uJSs4D7fqULSy8BkvQdW6TPX/basad.png)
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## How to sign up
It is an invite-based system. Every new member can invite a fixed amount of new members for which they will get a referral reward in Qs. Here is my personal invite link:

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https://initiativeq.com/invite/rm4PP-bEQ
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## Value of Qs

The platform claims that it can become 1 dollar for 1 Q, but the evidence given is quite weak.  At the current time it is completely unclear what it should be valued at. But you can assume that 1 dollar for 1 Q is the absolute upper bound.

## Payment Network
The main claims of the creators of InitiativeQ  on the payment network are

1. reversibility of transactions, 
2. traceability of transactions,
3. low transactions costs. 

For the source see [the InitiativeQ payment network](https://initiativeq.com/knowledge/payment-network). Reversibility and traceability are mainly there to deal with abuse, money-laundering, etc. 

## Privacy
When you sign up they of course collect personal data:

1. collecting activity on the website (this can also include geo-location, IP etc)
2. collecting the data on your invitees 
3. collecting transfer data

Point 3 might not be applicable at the moment since the payment network is not live. In addition, they can share data with subcontractors. Note that you are entitled to request a copy of the personal data they collect. Source: [Privacy policy](https://initiativeq.com/privacy) 

## Final verdict
Not sure if this will take off. But the potential reward outweighs the harm done by sharing a tiny bit of your privacy. So it is best to think of this as a free lottery ticket.


**Top  image:** made using Inkscape -> https://inkscape.org/en/