QOMPASS payment system via mobile app and QOMPASS card

Abstract

The world of Blockchain and the digital currency has opened up new avenues of understanding about decentralization. This not only poses a challenge
the traditional perspective of financial transactions but also focuses on eliminating the loopholes associated with traditional financial systems. This goes to prove how sophisticated the blockchain technology has gone, and also how it is able to reduce global boundaries by offering an opportunity at having a different and better future for the whole world. Although blockchain technology is still at an early stage, and meeting multiple hitches in terms of service quality, ease of use, and performance, every generation of innovative Blockchain, which makes it a better choice. The main strength behind Blockchain's technology is how it has been able to use a decentralized system. However, the lack of real-world applications, and business and technology constraints,
Qompass thrives to provide solutions to barriers commonly faced by the early generations of Blockchain, and also offers a more innovative platform that can help in creating bridges that connect the world together.

QOMPASS is a block-chain platform aimed at offering dishes to financial marketers. The Net uses original Qken tokens, token sales for QPS starting in April 2018. Consumers will interact with QOMPASS payment systems through mobile applications and QOMPASS cards. This platform will have a hardware wallet and a hybrid card system, where your app has a feature as a wallet that allows you to load your card every time.

How does the Platform work?

The goal of QOMPASS is to harness the power of AI, natural tissue, and leverage that is alive while offering an in-depth application system and API protocol. Through all of these products and services, the platform will drive capital and financial markets on a worldwide scale. The site and white paper are covered with unclear and flowery information like this:

QOMPASS long-term goal, according to whitepaper is too completely block-chain linking financial marketers 294 trillion USD worldwide, restoring confidence and eradicating corruption and manipulation. It was an ambitious goal, to say the least. So how is the idea of QOMPASS to achieve that goal?

• Faster than ETH or BTC
• Supports more than 30,000 transactions / sec
• Decentralization and full anonymity
• Low transaction costs
• AI self-support block chain
• Fully customizable & scalable
• Safe and sound explorer that prevents everyone from spying on your assets, enabling you to practice true anonymity & privacy
• Cross-chain intelligent contract support (smart contracts working on many chain blocks)
• Made to support financial transactions & top frequency trading
• Zero

QOMPASS also trusts a feature called POS (Proof of State). The main purpose of the QOMPASS node is to identify the state of the contract & determine the POS. in its place following the usual method of mining the new block and removing the time-cycle without a case, this platform requires only a licensed node to identify the creation of a new block. Here is how the white paper explains in detail:

"Rather than considering for fresh blocks to be mined, state adjustments can occur at any time, which actors and consensus actors receive together in less than 10 milliseconds, even on a wide scale. Each contract can act in unison without affecting and blocking all other contracts, which holds to the fact that each contact keeps a separate state chain. Communal changes from the state form a directed cyclic sketch that forms a chain of blocks. "

There are many trusted actors in this procedure, including nodes when combined create something named with the QomPASS C-Chain ledger and Cloud Notary client.

The platform will also support smart contracts and intelligent algorithms. The block chain will store an executable info script, in the tree system. A tree of intelligent contracts forms a smartcontract chain representing a set of intelligent contracts that verify references to each other.

The platform intelligent algorithms, meanwhile apply the nervous system and AI to predict the movement of costs even before they actually occur.

THE BLOCKCHAIN AGE NEW TECHNOLOGY

The Qompass Block Chain is a new generation Blockchain technology. This is a cooperative ledger that supports state changes by trusted and licensed nodes. The new Blockchain technology is capable of reaching tens of thousands of transactions in just seconds (30,000 tps). This efficiency is achieved through executing contracts on clients by verifying their output with a 90 percent consensus algorithm used in the creation of new blocks. New and better blockchain does not require the storage of detailed information on every transaction; but rather the chain-side is responsible for this action, and handles the complete history storage procedure.

Also, whenever access to stored data such as digital signatures, source contracts and transaction records is required, usually stored on
Blockchain on other platforms, Qompass Block Chain verifies and authenticates that information by referring to the cloud services associated with it and is responsible for handle all related digital assets and signatures. These clouds are different and completely separate from Blockchain, resulting in a highly improved transaction speed, along with improved synchronization as well.

OUR VISION

Qompass offers the digital currency, though not regulated by the government or issued by any central bank, carrying enormous cryptocurrency powers, used worldwide. Transactions are done using secure and anonymous Qompass,
and in addition to low cost, fast in transactions. Some other characteristics of the Qompass platform include the following: Crypto Payment Card - Qompass platform offering the use of the Payment Card / Qompass Wallet. A debit card hybrid and a smart hardware wallet that allows instant access to blockchain.
 a holder that can be used to withdraw fiat from any ATM
and make payments in POS. Qompass also offers
payment options using Mobile Wallet, and facilitates
non-touch payments via NFC, and QR

Crypto Peer-To-Peer (P2P) Exchange

The earnings of crypto on the Qompass platform can be cashed out with too high a limit. We are proud of our successful negotiations with 25 different financial institutions located around the world, 5 so far agreeing to be linked to our platform and purchasing a large number of crypto currency majors. As Qompass customers, you will be able to request for payments, and banks can withdraw assets You and send fiat directly to any bank you choose globes. Customers have the opportunity to see it flow orders of large institutions to determine the best rates and volumes.
Sales of Tokens Qompass

Sales of QPS Tokens

The platform sells its QPS token during token sales starting April 6, 2018. There is a total supply of 33 million QPS tokens, with over 20 million avails during token sales. More than 60 percent of complete token supplies will be sold to the crowd, with the remainder allocated for development and research (20 percent), 5% advisers, 10% marketing and 5% legal fees.

The previous QOMPASS platform has collaborated with KuCoin, Cryptopia, Binance, OKEX, HitBTC, and Huobi as all of these are listed as expected crypto exchange on the official QOMPASS website. Although, we can not find any evidence that this crypto currency exchange will register QPS at any time in the future.

• Token: QPS
• Price: 1 QPS = 0.009 ETH
• Receive: BTC, ETH
• Bonus: Available
• Platform: ETH
• Soft cap: 5,000,000 USD
• Hard stamp: 10,000,000 USD
• Whitelist / KYC: No There
• Country: Hong Kong

Siapa platform Behind Qompass?

QOMPASS is headed by Emmanuel Lim, an entrepreneur with over 30 years of experience in crypto graphy and encryption information. He is CEO of Qompass platform. Some other members listed on the QOMPASS team include CFO (Selena Neskovic) and CTO (Vladimir Okhrimenko).

Emmanuel Lim, CEO, has limited information available on the internet. On his LinkedIn page only has 2 entries before creating the Qompass platform. He worked in the Cyber Security system at SCB (Standard Chartered Bank) between 2005 and 2015, for example, and earned his Master of Science degree in Computer Science from the Singapore Institute of Technology between 1987 & 1992. It is difficult to find more information about some members other QOMPASS teams online. CTO, for example, has no working knowledge of its LinkedIn account other than its CTO place on the Qompass platform.