Knowledge Base
Who is BlockQuake?
BlockQuake™ is a Fintech Company established in January 2018 with plans on merging the worlds of traditional finance & digital asset trading through various legal entities established in the United States and Bahamas. The BlockQuake team is headquartered in New York City with offices on Wall Street.
Its first line of business is a centralized trading platform (i.e. the BlockQuake Exchange). The BlockQuake Exchange is open and features the top cryptocurrencies when considering market capitalization and plans on having over 250 trading pairings and at least six fiat currencies/wallets available for deposits and withdrawals before the end of 2022.
Who is the issuer of QuakeCoin?
QuakeCoin is issued by BlockQuake Funding Ltd. which was incorporated in the Bahamas on February 4th, 2019. BlockQuake Funding Ltd. address is Mareva House, 4 George Street, Nassau, Bahamas. BlockQuake Funding Ltd. is a subsidiary of BlockQuake Enterprises Corporation; the operational parent company of the organization.
What is QuakeCoin?
QuakeCoin is the loyalty token of the BlockQuake Exchange (i.e. an exchange token with utility benefits). An exchange token is a digital asset that is native to a cryptocurrency exchange; in this case the BlockQuake Exchange; that is designed to increase an exchange’s liquidity, incentivize trading activity, or facilitate an exchange’s community governance process.
BlockQuake partnered with Polymath, one of the leaders in blockchain technology to create QuakeCoin tokens. Utilizing the ERC-1400 protocol and partnering with Polymath, we will be launching Generation One of our exchange token. Utilizing aspects of the ERC-1400 protocol as a company, we are able to lock up company insiders and advisors from selling tokens; thereby controlling the annual circulating supply to allow for price appreciation.
QuakeCoin will be listed on the BlockQuake Exchange for trading purposes and can also be traded peer-to-peer. The initial circulating supply of QuakeCoin tokens depending on purchases, bonuses, referral tokens, and Advisor tokens distributed; may be up to 1,500,000,000 by December 2022. These tokens will be issued by BlockQuake Funding, Ltd. Third party wallet support for QuakeCoin tokens has been secured with both FireBlocks and Ledger; for hot and cold wallets respectively.
QuakeCoin
What are the benefits of QuakeCoin?
Holders of QuakeCoin may be eligible for LifeTime Membership to the BlockQuake Exchange (i.e. no trading fees on the first $100,000 USD in annual trading). This includes crypto to crypto trading pairs as well as fiat to crypto trading pairs. The BlockQuake Exchange is a Spot exchange that is working on obtaining regulatory licenses and approvals that will allow it to add Derivatives and Leveraging products in future years. Lifetime membership is limited to the first one million people who purchase QuakeCoin tokens on the QuakeCoin.com portal.
Additional benefits available to all QuakeCoin holders include trading fee discounts for higher frequency/higher volume traders exceeding $100,000 USD in annual trading. Plus exclusive access to a future NFT Marketplace (i.e. planned subsidiary of BlockQuake Enterprises) where customers can discover digital masterpieces by established artists, animators & storytellers and access NFT airdrops. Other benefits may include; airdrops of future projects, participation in future staking or yield opportunities, use for purchases in various retail and online outlets as well as being a payment option for tuition at Colleges/Universities, community members participating in voting on charitable initiatives to assist areas in crisis needing immediate assistance, and QuakeCoin tokens may be used to sponsor Esports events, awarded to Esports players (i.e. competition winners) and allow fans of certain streams to donate money to their favorite Esports players.
What is backing QuakeCoin tokens?
QuakeCoin tokens are utility based tokens that will be listed on the BlockQuake Exchange, whose price will be determined by market forces of supply and demand. There is no central company, government, private party or asset which is required to make the promise of providing a backstop value to QuakeCoin tokens at any time.
Why would I want to buy QuakeCoin tokens?
As the BlockQuake ecosystem grows, QuakeCoin tokens may be in high demand based on the benefits and future plans mentioned above earlier. It is expected a large supply of QuakeCoin tokens will be owned by holders who have Lifetime Membership; thereby reducing the amount of tokens changing hands, possibly leading to price appreciation. Access to airdrops and participation in community matters are also attractive reasons to be holders of QuakeCoin tokens.
Crypto Wallets & Wallet Addresses
What is a crypto wallet and how does it work?
A crypto wallet is a digital or virtual wallet used for storage of cryptocurrencies. Every crypto wallet has an alphanumeric wallet address. Like a home address, the wallet address is the direction that leads to your crypto wallet.
Crypto wallets utilize a Public Key and a Private Key to secure the wallet. A Public Key functions like an account name or number to publicly identify a particular wallet. It is used to ensure you are the owner of the associated wallet address.
A Private Key is the password needed to access the holdings in your crypto wallet. A Private Key can also be referred to as a “seed phrase” as it is made up of a set of words. It is crucial to keep your private key secure. If you lose your private key, it is likely you will lose access to your wallet and the assets stored in the wallet.
The public key, private key and wallet address are linked together: the private key generates the public key which is then compressed and shortened to form the wallet address.
Once a transaction is sent to a wallet address, it is encrypted with a public key and the corresponding private key is needed to decrypt it.
How do I get a crypto wallet?
For new traders, we recommend using Metamask, which is an ethereum based hot wallet that can be downloaded from the App Store, Google Play or by visiting https://metamask.io/. A hot wallet is a crypto wallet that is connected to the internet.
Upon opening MetaMask for the first time, you will be prompted to create a password. This password will be used to quickly log into your MetaMask, in case you’ve been inactive for a while on the browser or in the app. DO NOT confuse this password with your private key, you can eventually change your password, but not your private key.
After clicking through the terms and services, you will be prompted for your 12 word private key. Record all the words presented to you, in order. We suggest writing them down vs storing them digitally where they could be discovered if you get hacked. No matter how you store it, keep your private key in a safe place. In a worst case scenario you will be able to retrieve your account back if you happen to lock yourself out, using your private key. Keep in mind, your private key is the only way to access your wallet address and any assets stored in your wallet.
Completing the signup process, you will receive your own personal ethereum wallet address; presented near the middle of the screen. This address is what you provide to us when you purchase QuakeCoin.
What is the QUAKE wallet?
The QUAKE wallet resides on the BlockQuake Exchange and allows you to hold your QuakeCoin tokens safely and securely. By having your QuakeCoin tokens on the BlockQuake Exchange, you are eligible for benefits mentioned earlier; like NFT airdrops.
How can I move my QuakeCoin tokens from my custodial wallet (Metamask) to the QUAKE wallet on the BlockQuake Exchange?
In this instance, after the tokens have been distributed and you’re ready to move your tokens onto the BlockQuake Exchange, you must first generate a receiving address on the BlockQuake Exchange corresponding to the QUAKE Wallet that will receive your tokens.
You then open your Metamask wallet (where you have the tokens stored) and initiate a transfer to your QUAKE wallet on BlockQuake Exchange.
Open your MetaMask app or Chrome Extension and login. Reaching the home screen, you will then click on send; one of the three blue buttons. In the small box presented you will paste the receiving address from the BlockQuake Exchange. Double check to make sure the addresses are the same, and when YOU feel comfortable, confirm the transaction. Reminder, there are NO reversals once the transaction is made.
When will my QuakeCoin tokens purchased be distributed?
The QuakeCoin sale ends on August 15th, 2022 via the QuakeCoin.com portal. Immediately after the sale is completed, a reconciliation of all purchases will be done allowing all QuakeCoin tokens to be minted and distributed to purchasers. BlockQuake will distribute all tokens by August 31st, 2022 to purchasers wallet address provided when the transaction was completed.
After the QuakeCoin tokens are minted and distributed, we will send an email notification to the email address you provided at time of purchase. We’ll also include the step-by-step instructions on how to transfer your QuakeCoin over to your QUAKE wallet on the BlockQuake Exchange. And if you have any questions, our Customer Support Team is available to help.
Token Sale
What are the start and end dates of the Token Sale?
The token sale begins on February 14th, 2022 and ends on August 15th, 2022.
How many tokens are being sold?
One billion (1,000,000,000) QuakeCoin tokens are available for purchase during this token sale.
What is the price per token and are there any minimum purchase requirements?
Each token is priced at fifty cents USD (i.e. $0.50). There is a minimum purchase of one hundred dollars USD (i.e. $100) required to participate in the sale equating to two hundred (i.e. 200) QuakeCoin tokens.
What is Lifetime Membership to the BlockQuake Exchange?
Lifetime membership to the BlockQuake Exchange is available to the first one million people purchasing QuakeCoin tokens on QuakeCoin.com. If you are one of the first million people to purchase QuakeCoin tokens on the QuakeCoin.com portal; you will pay no trading fees for the rest of your life; capped at $100,000 USD annually.
The BlockQuake Exchange is a digital asset trading platform that features many of the most highly liquid cryptocurrencies paired against one another and fiat currencies. BTC, ETH, LTC, USDT are already listed and these other popular cryptocurrencies will be added during Q2 2022, ADA, BCH, DAI, DOGE, DOT, EOS, ETC, FTM, LINK, MANA, MATIC, OMG, PAX, PAXG, SHIB, SOL, TUSD, USDC, XLM, and XRP. Before the end of 2022, it is expected that over 250 trading pairs will be available.
Are there any requirements to claim my Lifetime Membership?
No.
Once you complete your $100 USD minimum purchase of QuakeCoin tokens, you will be notified to register for a BlockQuake Exchange account by visiting: https://exchange.blockquake.com/signup.
All you need to do is create an account on BlockQuake Exchange after completing your QuakeCoin token purchase. After creating your account, you will be asked to check your email to confirm your account by entering a Verification Code.
DO NOT do anything further relating to KYC/AML verification. If you have successfully purchased QuakeCoin tokens, you do not need to perform a second KYC/AML verification.
Within forty eight to seventy two hours you will be granted full access to the BlockQuake Exchange and incur no trading fees on the first $100,000 USD in annual trading activities; after we have loaded your successful KYC/AML verification into BlockQuake Exchange.
Family Office, Institutional and Retail traders are all eligible.
After September 1st, 2022 it is encouraged you hold your QuakeCoin tokens in QUAKE wallet on the BlockQuake Exchange to qualify for future benefits mentioned earlier; including possible NFT airdrops.
Are there any deadlines to obtain Lifetime Membership?
Yes. The token sale ends August 15th, 2022 and if you haven’t purchased QuakeCoin tokens via QuakeCoin.com by then, you are not eligible for Lifetime Membership. Should one billion tokens be purchased prior to August 15th, 2022, the sale will end.
If one billion tokens are purchased by less than one million people, the sale will end and Lifetime Memberships will no longer be available. To ensure you obtain Lifetime Membership, purchase your QuakeCoin tokens once the sale begins.
What are the stages of the Token Sale?
There are five stages to the token sale. Listed below are the timeframes of each stage; including the token price, bonus structure and referral structure:
- February 14th, 2022 to April 15th, 2022:
- Token price $0.50 USD (i.e. fifty cents)
- Bonus of twenty five percent (i.e. 25%) or fifty (i.e. 50) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Referral of five percent (i.e. 5%) or ten (i.e. 10) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Bonus of twenty five percent (i.e. 25%) or fifty (i.e. 50) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Token price $0.50 USD (i.e. fifty cents)
- April 16th, 2022 to May 31st, 2022:
- Token price $0.50 USD (i.e. fifty cents)
- Bonus of twenty percent (i.e. 20%) or forty (i.e. 40) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Referral of five percent (i.e. 5%) or ten (i.e. 10) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Bonus of twenty percent (i.e. 20%) or forty (i.e. 40) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Token price $0.50 USD (i.e. fifty cents)
- June 1st, 2022 to June 30th, 2022:
- Token price $0.50 USD (i.e. fifty cents)
- Bonus of fifteen percent (i.e. 15%) or thirty (i.e. 30) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Referral of five percent (i.e. 5%) or ten (i.e. 10) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Bonus of fifteen percent (i.e. 15%) or thirty (i.e. 30) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Token price $0.50 USD (i.e. fifty cents)
- July 1st, 2022 to July 31st, 2022:
- Token price $0.50 USD (i.e. fifty cents)
- Bonus of ten percent (i.e. 10%) or twenty (i.e. 20) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Referral of five percent (i.e. 5%) or ten (i.e. 10) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Bonus of ten percent (i.e. 10%) or twenty (i.e. 20) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Token price $0.50 USD (i.e. fifty cents)
- August 1st, 2022 to August 15th, 2022:
- Token price $0.50 USD (i.e. fifty cents)
- Bonus of five percent (i.e. 5%) or ten (i.e. 10) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Referral of five percent (i.e. 5%) or ten (i.e. 10) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Bonus of five percent (i.e. 5%) or ten (i.e. 10) QuakeCoin tokens per $100 USD (i.e. one hundred dollars) spent
- Token price $0.50 USD (i.e. fifty cents)
What is the Procedure for purchasing Tokens?
Prior to purchasing tokens, KYC/AML verification checks will be conducted on prospective purchasers via a third-party KYC/AML verification provider, namely SumSub. Prospective purchasers will not be allowed to proceed in buying tokens if they fail to pass the KYC/AML verification checks. Once a prospective purchaser has passed KYC/AML verification checks, the next steps include reviewing the terms and compliance conditions, providing a wallet address to send QuakeCoin tokens, purchasing QuakeCoin tokens, making a payment, reviewing the purchase and confirmation, and obtaining a transaction completion message.
All QuakeCoin token holders will be notified to register for a BlockQuake Exchange account by visiting: https://exchange.blockquake.com/signup. Access to the BlockQuake Exchange will occur within forty eight to seventy two hours (i.e. 48-72) of purchase completion (i.e. allowing time to load KYC/AML verification so QuakeCoin token holders do not have to go through the process again).
The BlockQuake Exchange access allows immediate trading of crypto to crypto pairings as well as fiat to crypto pairings. Once QuakeCoin tokens are available to be distributed to purchasers, BlockQuake will send these tokens to the wallet address provided when the purchase was completed. Payment options available for buying QuakeCoin tokens include BTC, ETH and PayPal.
When will QuakeCoin tokens be distributed to purchasers?
The QuakeCoin sale ends on August 15th, 2022 via the QuakeCoin.com portal. Immediately after the sale is completed, a reconciliation of all purchases will be done allowing all QuakeCoin tokens to be minted and distributed to purchasers. BlockQuake will distribute all tokens by August 31st, 2022 to purchasers wallet address provided when the transaction was completed.
When will QuakeCoin be listed on BlockQuake Exchange?
A few weeks after the sale has ended on QuakeCoin.com portal, QuakeCoin is expected to be listed on the BlockQuake Exchange on September 1st, 2022 at 12pm Eastern Standard Time.
How can I trade my QuakeCoin tokens?
Trading QuakeCoin tokens can occur on the BlockQuake Exchange or in a peer to peer setting.
To trade on the BlockQuake Exchange, you must move your QuakeCoin tokens from the wallet address you provided when purchasing occurred; into your QUAKE wallet on the BlockQuake Exchange. We will provide you with detailed instructions to assist you with this process.
Are there any lockup periods?
Yes. All tokens purchased on QuakeCoin.com portal and earned as a bonus for purchasing early are locked from trading until September 1st, 2022 – – the date QuakeCoin will be listed on the BlockQuake Exchange.
QuakeCoin tokens earned via referral bonuses will be locked up and unavailable to be traded until December 1st, 2022 in order to protect all investors from a selloff event by excellent marketeers who could have earned substantial referrals during the sale period.
Why should I hold my QuakeCoin tokens in the QUAKE wallet on the BlockQuake Exchange?
BlockQuake Exchange customers will have access to QUAKE wallet allowing them to safely and securely hold their QuakeCoin tokens. By keeping QuakeCoin tokens on the BlockQuake Exchange, holders will be able participate in trading pairs that may include QuakeCoin as well as participating in other benefits that may include NFT airdrops and interest earnings/staking.
What will the proceeds be used for?
Funds are planned at this time to be used in the following way:
- Technology and product enhancements – an estimated 40% of the QuakeCoin sale proceeds will be directed towards technology and product enhancements including, but not limited to:
- Platform Development – to support the ongoing development of BlockQuake Exchange, including hiring an inhouse team and contracting with an experienced development team capable of building similar software and one dedicated to advancing the uses of blockchain into FinTech.
- Banking Infrastructure – to support the acquisition of a United States (US) FDIC insured bank and building the technology stack upon this traditional foundation to expand fiat on and off ramps for our customers globally
- Establish international banking infrastructure/relationships in order to have a direct link back into the US based banking ecosystem
- NFT marketplace – to build a proprietary platform to discover digital masterpieces by established and new artists, animators & storytellers where people can buy, sell, and showcase NFTs from leading creators and brands
- Human capital – an estimated 25% of the QuakeCoin sale proceeds will be directed towards onboarding current and future BlockQuake teams throughout the organization including, but not limited to:
- Administration
- Banking
- Business development
- C-Suite executives
- Compliance and regulatory
- Customer Service
- Engineering and development
- Risk management
- Security including cyber
- Marketing – an estimated 20% of the QuakeCoin sale proceeds will be directed towards marketing including, but not limited to:
- Community building and management
- Digital
- Email campaigns
- Static billboards
- Television and Radio
- Legal and regulatory – an estimated 15% of the QuakeCoin sale proceeds will be directed towards legal and regulatory including, but not limited to:
- New York State Bitlicense
- US Broker Dealer/ATS license
- US Money transmitter licenses
- US National Futures Association (NFA) and the Commodities Futures Trading Commission (CFTC) licenses
- International licenses for jurisdictions including, but not limited to:
- Australia, Brazil, Canada, India, Japan, Mexico, Nigeria, South Korea, United Arab Emirates, United Kingdom