A new ICO is coming to NEO called Qlink. Qlink is a decentralized mobile network dedicated to constructing an open-source telecom infrastructure on the blockchain. They will run an ICO soon which will take place on NEO and ETH. Qlink is an existing customer base of 4 million users in YouYou Mobile, an existing Asian telecom provider. This was made known through an AMA on the NEO Reddit.
Qlink has four goals:
- To create a decentralized P2P WiFi sharing network and achieve ultimate security
- To build a decentralized mobile network-based content distribution platform and enable flexible data usage plan
- To provide enterprise telecom services
- To develop crowd-sourcing base stations
Qlink will allow users to create a virtual SIM by downloading and installing an app on their phone to access the Qlink network and start using it. One day they may start selling physical SIM cards as well to allow users to access the network through traditional means.
Qlink has identified that several of their demands are best met by utilizing the Ethereum blockchain, and others are best met by utilizing the NEO blockchain. They will be using the NEO blockchain for the infrastructure part, and their own blockchain for the service part such as billing and content track record. Ethereum is involved because that is where development started on.
Tokenholders of Qlink stand to gain from being able to use free wifi and a free dataplan for specific content for the Qlink service, and secondly the profits from the mobile network will be paid to tokenholders. Additionally, there is the option of mining Qlink through a Qlink base station (which I imagine is similar to a Masternode).
This is excellent news! From the looks of it, this means another ICO is coming to NEO. I believe it will also be possible to enter this ICO through Ethereum, but that may have an interesting effect too: Ethereum's price is mainly due to the fact you buy into ICO's with it... once you are able to buy in with NEO, should that not affect both NEO and ETH? If one rises, it becomes cheaper to buy into this ICO with the other, and vice versa. As a holder of NEO, I am very positive about the fact more ICO's are coming to NEO. First Red Pulse, soon Aphelion and Qlink.
Oh oh here it comes! First ICO on Neo. Should we expect NEO price going up then ?
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Thanks for replying! The first ICO was already done on NEO a few weeks ago called Red Pulse. Aphelion is an upcoming DEX ICO on the NEO platform too. So that makes Qlink the third to announce it's ICO on the platform. Only one ICO took place so far: Red Pulse, the others are still coming. But yes, ICO's on NEO is good news for NEO, as it means more NEO will be bought in order to buy into ICO's.
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I've been hearing NEO referred to as the Chinese ETH and with that a lot of hype about how it'll surpass that of Ethereum.
Must say, I am certainly anxious for the future, but regardless I wish to thank you for the informative post. I'll be looking into Qlink for sure.
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I am not sure if it will surpass Ethereum, because Ethereum has first mover advantage and large adoptation already, but I do think NEO will significantly rise. I am planning to sell my first batch at $100-150, and in the long run I expect NEO to be at the price level Ethereum is at now. Although by then Ethereum will be much higher too, so there will be no surpassing. NEO probably is a 'better' project though, and I do see huge adoption in Asia coming. It is more centralized than Ethereum however, so there will be a place for both of them.
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Great!
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img credz: pixabay.com
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Here's a step by step guide to setting up a wallet and buying Qlink: https://getcrypto.info/qlink/
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