QuantStamp — VeriSign of Blockchain

Too Long; Didn't Read

As Ethereum prices and investments surge to ATHs, the <strong>need for security</strong> could not be any higher for companies and consumers. Today, the average loss companies experience during a hack is about <strong>$30 million</strong>, but in the cryptocurrency world that number can be much higher. For example, earlier this year we witnessed the <strong>Parity Wallet hack</strong> that lead to 512,774 ether ($242mm USD) being stolen, and in 2016 the <strong>DAO hack</strong> 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? <strong>QuantStamp (QSP)</strong>, 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 <strong>trades at $.16</strong>, but within the <strong>next 12 months</strong> I see this token trading <strong>at $3.20</strong> 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.