What is Qbao?
Qbao is a Qtum based social network that incorporates mobile terminals, desktop, various web systems and browser plugins, designed to be the “WeChat” built on the Qtum protocol (the Qbao Platform). This whitepaper sets out the Foundation’s proposed plan for the network, product design and various application scenarios of Qbao Platform and the usage of Qbao Token (QBT). The Foundation aims to serve the Qtum community and global blockchain users, enabling people to better experience the new generation of blockchain technology, Qtum, and various other decentralised applications (DAPP) based on Qtum. The Foundation aims to popularise blockchain technology in the more traditional Internet fields through Qbao Platform by allowing users to experience the functionality and charm of blockchain technology. The Foundation’s vision is for Qbao Platform to become a social network similar to the WeChat network, which has a complete ecosystem of services and ancillary services.
Qbao Platform is a Qtum based, decentralised and trusted social network. The creators of previous social networks play the dual role of “manager” and “mediator”, thus resulting in users and other stakeholders in the social network having very little right to express themselves. In the social network on Qbao Platform, all users are equal, and are required to conform to a common decentralised autonomous protocol. They have equal status, and jointly participate in the decentralised social network.