QUANTSTAMP (QSP): How it will 100X in 2019 !! Proved by SIMPLE MATHS

in #bitcoin7 years ago (edited)

The cost to run a smart contract audit on Quantstamp is 25 QSP. At current prices, that’s about $5.
But there is a second temporary cost in addition to the 25 QSP.
To run an audit, you must also stake 200,000 QSP tokens. In this case, staking means you buy 200,000 coins,
and so long as you keep them in your wallet, you will gain access to the Quantstamp system.
You get those staked tokens back. They are not spent. So, your actual audit cost is very low.
This staking mechanism will create ongoing demand for the token.
In addition to demand being driven by contract audit users, verifiers will have to stake a certain amount of QSP. Currently, the amount is unclear. We expect it to be enough that if a verifier is found to be dishonest, the economic hit will hurt.
This need to stake tokens by audit users and verifiers will drive the price of QSP signicantly higher.
This is because staking essentially shrinks the outstanding oat of tokens. So, if you have
a rising demand and a shrinking token supply, you’ll see prices rise.
As a side note, we expect the token-staking levels for audit users to be adjusted from time to time.
This will be necessary as more audit users come to the platform.

That’s because to stake 200,000 QSP per audit, Quantstamp would run out of tokens after just
4,880 audit users. That would eat up all 976 million outstanding QSP tokens.
We expect hundreds of thousands of people to conduct billions of audits on Quantstamp.
That’s why we think over time, the amount one must stake to do an audit will drop.
So, how do we value Quantstamp?
We have to figure out what the market will pay for an audit once smart contracts are deployed.
Verisign’s trust certicates start at $399. If 25 QSP (the current cost of a Quantstamp audit) were to equal $399,
the token would have to be at $15.96.

Today, we can buy the token for about 15 cents.

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