As Ethereum prices and investments surge to ATHs, the could not be any higher for companies and consumers. Today, the average loss companies experience during a hack is about , but in the cryptocurrency world that number can be much higher. For example, earlier this year we witnessed the that lead to 512,774 ether ($242mm USD) being stolen, and in 2016 the that lead to $60 million USD worth of ether being compromised. What if I said that these hacks could have been prevented by correctly auditing their Ethereum smart contracts? , a project out of Y Combinator’s winter 2018 class, has set out to fill this massive void in the market and become the first decentralized smart contract security audit platform. Today, QSP , but within the I see this token trading because of the resources and backing that Y Combinator offers, a pipeline of 40 audits scheduled, partnerships with Request Network and others, and the additional drivers of growth that I will outline below. need for security $30 million Parity Wallet hack DAO hack QuantStamp (QSP) trades at $.16 next 12 months at $3.20 Basics: QuantStamp is the and designed to find vulnerabilities in Ethereum smart contracts first scalable cost-effective security-audit protocol The QuantStamp project is originating from the incubator, , as part of their 2018 Winter class Y Combinator The for these security audits is with QSP tokens and half of the tokens used as payment will be burned only form of payment The QuantStamp project is based out of Vancouver, Canada and was launched in November 2017 Price: $.16Ranking by Market Cap (Token): 135Market Capitalization: $100,964,819 Circulating Supply: 617,314,171 QSPMax Supply: 976,442,388 QSPAverage Trading Volume: $2,209,547Consensus: Ethereum consensus (currently proof of work, will be proof of stake later on) Ticker: QSP Team: The QuantStamp team is lead by . Mr. Ma was a former Algorithmic Trader at Tower Research, where he handled millions of dollars trading while using Extreme Software Testing Methods. Mr. Ma also received his ECE at Cornell University Richard Ma QuantStamp’s . Mr Stewart previously founded Many Trees Inc that specialized in building GPU in-memory databases. He also worked for the Canadian Department of National Defense. CTO is Steven Stewart The QuantStamp team currently has working on the project full time 5 additional developers The team also has 2 additional social media managers and community manages Rounding out the team is and 1 graphics designer 8 experienced advisors Drivers of Growth: Within the next year, it is expected that another will be built, creating a natural increase in demand for the services that QuantStamp is offering 10 Million Smart Contracts As of October 2017, about , companies will want a efficient, cost-effective, and secure way to audit their smart contracts to protect themselves against losses $3.2 Billion (11M ETH) have been locked in Smart Contracts QuantStamp is part of . However, QSP has not been officially listed on Y Combinator’s website, but expect a huge surge of interest when it does Y Combinator’s 2018 winter class QuantStamp successfully completed a smart contract audit for , which is another project from Y Combinator Request Network The QuantStamp team already has an additional for the new year 40 audits in their pipeline QuantStamp intends to , such as Neo, in the future expand their services to other protocols Another motivation for investors to hold QuantStamp tokens is that they This is one of the biggest benefit of owning QuantStamp tokens because, in many cases, token holders will have access to companies that would normally only be available to VC’s will receive tokens of the companies QuantStamp audits. of QuantStamp include: Blockfolio, Science Blockchain, Quoine, Team in Residence, Block Asset, Blockchain Partners Korea, Iconic Partners, Luna Capital, TLDR, and Kenetic Capital… I think this QSP army speaks for itself Additional supporters Headwinds: If a project that has undergone one of QuantStamp’s audits becomes compromised, the value of the QSP token will take a massive hit During the initial stages of this project, QSP will have to build their audit automation protocol by undergoing several manual audits, so keep in mind that this is a long term project Until the QuantStamp team expands their services to other protocols the success of their project is directly linked to the growth of the Ethereum protocol Summary: Since this project is so unique and is first of its kind, we will use a bit of estimation to get our 12 month price target. First, I will assume that half of the current price of QSP, $.08, is the result of successfully completing the Request Network audit. We also know that QSP has roughly 40 audits lined up for next year. So, we will take , which gives us our . In closing, please keep in mind that this price target does not include a market growth rate. $.08 * 40 = $3.2 12 month price target I hope you enjoyed today’s write up because this coin solves too many problems for it not to succeed. I know 2018 will be your year!! QuantStamp team…
