During our search for promising cryptocurrency exchanges, we came across a new and exciting platform called Qvolta (QVT) that we believe shows great promise, and we wanted to take this opportunity to break down its key features and selling points.

Platform

Qvolta is a global P2P exchange platform that allows users to quickly and easily convert cryptocurrencies into the fiat currencies and vice versa. With this exchange, Qvolta hopes to make the incredibly frustrating process of picking up cryptocurrencies from your bank account much, much easier. So, if you’re like us and are sick of the Coinbase fee structure and inflated exchange rates, Qvolta’s platform is definitely intriguing.

With an alpha platform released in 2017, Qvolta has a well-defined product under development, and we believe it to be an exciting addition to the crypto-exchange space.

Here are the major value propositions of the new platform, as detailed in their whitepaper:

  • Convenient & easy-to-use interface
  • Low commission rates and no hidden fees
  • Availability of mobile application, and easy integration for the user between desktop & mobile
  • Fast support for all of the operations, including dispute-resolution; and strong emphasis on 24/7 customer service
  • Guarantor system and high security of the platform
  • Global reach and presence in all countries globally

Here’s a quick explainer video developed by the Qvolta team:

As a testament to the team and the overall quality of the project they are developing, the white paper has included projections related to revenue and transaction growth. We find the projections to be very reasonable, with peak revenues hitting around $10M in year 4. It will be interesting to see what additional revenue streams the project can take on, perhaps in the form of API applications, to grow this number. Nonetheless, it is very promising to see this sort of work being done by the team. Finally, upon reviewing the team’s roadmap, we see that 2018 will be a big year for the project. With the release of the web application any day now (confirmed via social media), we look towards Jan. 2018 when the mobile platform drops.

Token

With any cryptocurrency platform, it is important to understand exactly why they decided to issue a token to function within the system. Here is the reasoning for Qvolta tokens, straight from the team:

QVT Token in our product will be used to pay for tariff plans. The trader will have to pay for tariff plan to start creating offers for sale/purchase of cryptocurrency on the P2P Qvolta exchange. Tariff plans, depending on its value, allows users to trade the cryptocurrency in the amount provided for by the particular tariff plan. All tokens are issued by the Singapore company Qvolta Pte.Ltd.

Here are the details of the token release:

  • Number of tokens on ICO — 18 000 000
  • Value of token 1 ETH = 1 000 QVT

The token currently trades at around $0.65 with a market cap of $4.4M based on the circulating supply of 6,731,528 QVT. The total supply is believed to be around 10,096,722 QVT.

Qvolta is currently listed on OKEx, HitBTC and EtherDelta.

Team

Looks to be a strong team that is able to function and deliver like an actual business, which is a rarity among cryptocurrency projects, especially those as small and new as Qvolta.

Final Take

We definitely like the idea of a platform that simplifies the fiat-crypto conversion and would be very interested to see it adopt a larger variety of coins than platforms like Coinbase or LocalBitcoins. With the launch of its web platform in the coming weeks, we look forward to further developments in the mobile space and believe the token price should reflect the broader applications of this p2p exchange system.


Disclaimer: The author of this article may have a position in one or more of the securities mentioned above. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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