QLC Chain builds a platform for distributed telecommunications. Instead of receiving your telephone service from a wireless provider, QLC Chain presents a system in which you purchase a connection from, for example, your colleagues. This may mean that you have to rent access to someone's Wi-Fi, receive a signal from a base station in someone's home or sell your unused data from your wireless provider to other users. QLC Chain, which first became better known as Qlink, can be described as a Network-as-a-Service provider.
QLC Chain launched a successful ICO in December 2017 and raised $ 19.3 million. The ICO only accepted NEO and issued a NEP-5 token. The project is based in Singapore and was founded by Allen Li, an entrepreneur with experience in the telecom industry. He worked for 7 years at Huawei Technologies was 4 years CEO of Youyou Mobile
The QLC token is a NEO-based NEP-5 token. It becomes the currency for transactions within the market. Transactions using QLC are executed directly on the blockchain. QLC Chain also supports fiat currencies, for use between telecom providers and advertisers. This is intended to facilitate the transition for service providers to crypto. Fiat transactions will be processed in a traditional way, outside the chain.
The QLC token has a total circulation of 600 million.