Quantum International Corp. (OTCMKTS:QUAN) has revealed the origins of the LootUp App. and technical reasons for why it was built by Justin Waiau and his team from LGCY. Satoshi’s vision was to have Bitcoin be perfect and never altered. But the LGCY team felt that perfection is impossible, and shouldn’t be the end goal. Technology needs to adapt with changing times. Future proof tech isn’t possible, but tech can grow with future – that is what should be the objective of good companies.
Trading Data
On Monday, QUAN stock gained 4.40% at $0.20 with 79K shares, compared to its average volume of 177K shares. The stock moved within a range of $0.1800 – 0.1999 after opening trade at $0.1904.
The biggest contribution to this new system is USDL – it is a stable gas coin backed by network fees. By backing 1 USDL with approximately 1 USD worth of network fees, projects are able to budget properly. Stable gas token users can also exchange funds without worrying about gas fees shooting up.
Sorting out gas fees and transaction speeds was only half of the initial problem. Long addresses, room for error, and general non-intuitive nature of cryptocurrency, are major issues as well. This is where the LootUp App plays an integral role. It will allow users to send to usernames instead of long addresses, give sponsored gas options, and have the ability to cancel and confirm transactions.
The app is built on the LGCY Network blockchain, so it is non-custodial and peer-to-peer. It lets users talk about payments via a messenger inside the app, create invoices, and provide a decentralized marketplace to buy and sell products. Thus, it makes the use of blockchain technology easier and more convenient.
Technical Data
QUAN stock is trading above the 20-Day and 50-Day Moving averages of $0.18 and $0.14 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.09.
