Before you read this article, we suggest you go to this link and carefully read all of the website, yeah website, to have a clear grasp on this “thing”. But if you don’t want to devour the whole website, we will try our best to describe it to you.
What is Intiative Q?
Is it a bird? Is it a plane? No, it’s initiative Q. A never-before-seen meticulously thought-out economic infrastructure for the future created by some ex-paypal guys. Initiative Q hopes to be the ultimate payment system of the future by “integrating the best technological improvements that have been made in the payment industry over the last few decades to create a flexible, easy-to-use and inexpensive payment network.”
How will this work?
In the future, with the Q app, you can enter a store, scan the barcode of the items you want with the phone camera, and simply walk out. At restaurants, you can just leave when you’re done, as your phone settles the bill directly with the restaurant’s server. No flagging down the waiter, no delays. As Q will be the global currency, there will be no transactional fees and extra time to wire the money overseas.
Why are we telling you this?
We are telling you this because 1) the more people adopt this network the more the chance of realizing this vision of global currency and 2) Initiative Q is giving away huge amount of this future currency to you right now for free when you join Initiative Q which could be worth very much if this initiative could realize its goal of making 1Q=$1.
Why would they be giving away money for free?
This is their answer. “No buyer wants to join a new network with no sellers, and no seller will offer a payment option that no buyer uses. Initiative Q will overcome this barrier by distributing its currency—Q—for free to early adopters, creating incentive for its adoption and use.”
What are the risks?
Currently, none. You don’t have to invest anything right now. You just register after you get an invite and for that alone, you can get some thousand Qs. Once you invite and approve other friends, your Q currency increases. The only downside may be that you may get a ton of Spam emails if the company is not the messiah we are all thinking and sells our data to other companies. If you would like to know more about the potential benefits and harms read this article from Forbes. Also, you can watch this video. But we would like to make one thing clear that Q has clearly stated this in their Facebook page: “We do not share or sell any data we collect. If Q does not succeed we will destroy this database.”
What’s the catch?
You’ve read the article and it seems like that there are very small potential downsides and a lot of benefits in this initiative. Well, until now, that seems to be the case. There’s no catch. One might be that Q is still not a currency. Only when it gets enough following, it can get some value. Another might be that the initial reward amount a user gets for joining the network decreases as users increase. According to Q, “Joining after the Q payment network has been widely adopted requires little external motivation” but “But joining at the very early stages requires real vision and foresight.” So, Initiative Q wants to compensate their members fairly.
How long to go before this technology fulfills its promise?
No one can say for sure. Even Initiative Q understands it. But they have created this timeline that outlines their plans and you should definitely check it out. We think that it will still be a couple of more years before people really begin to see it as a replacement for credit cards and paper money. If you like numbers, just know that 2 million people have already joined this initiative in just four months.
Is Initiative Q a cryptocurrency?
Short answer: No.
How can I join?
Currently, you need to get invited to join this platform. To get invited,
- Submit a post on social media asking your friends whether any of them have already registered and could invite you.
- Go to the Initiative Q page on Facebook or Twitter and see which of your friends follow or like Initiative Q — they may already be registered.
Why aren’t we giving you our invites?
First, the invites are a little limited. And second, we have to verify all the members that join the Q by using our invites and Q has written this in its website: “Since every new member must be verified by an existing member, who risks losing their reward in case of fraud, the Q payment network will build a network of trust relationships that can be used to verify transactions.” So if anyone of you commits a fraud, we will be penalized.
This is not the get rich fast scams that you generally see online. This is an initiative that is eyeing to change the future. We know you people share your email with much shady sites and apps so why not give this a try? Also, how do you feel now for not registering for bitcoin 7 years ago? That hurts, doesn’t it?
We have already registered and we hope that this movement succeeds. Who knows we might become Q billionaire’s in the future. Also, we are always ready to support new and promising technology. We wish Initiative Q all the best for the future it wants to change.
Here is our invite: https://initiativeq.com/invite/HGGzAtnhm
Comment below if you are looking for verification. 🙂