Quadrant announces partnership with Polygon (formerly Matic) to launch a new project
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Answer Quadrant announces partnership with Polygon (formerly Matic) to launch a new project
First and foremost, Quadrant is one of the leading providers of mobile data and geolocation tracking.
The company provides reliable and verifiable geo-location data and solutions, while providing use cases to allow organizations and businesses to create customized solutions for all of their data requirements.
Quadrant has partnered with Polygon (formerly Matic) to launch a new project called Geolancer.
This recent new project is a platform for collecting Points of Interest (POI) data.
The Geolancer project allows participants to earn eQUAD, a Quadrant cryptocurrency, by identifying points of interest such as convenience stores, restaurants, convenience stores and other places in their area through the use of a dedicated smartphone app.
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Why “Polygon”?
Given the high gas prices and scalability with the Ethereum network, “eQUAD” was originally issued as a token built on the Ethereum ERC-20 standard.
The Polygon blockchain is secured through a decentralized set of private PoS checkpoints that are sent to Ethereum.
It is also 100% EVM compatible.
Quadrant decided to use Polygon to distribute Geolancer rewards for speed and efficiency.
Introducing a new incentive system that works with non-fungible digital tokens “NFT”:
Quadrant is also introducing a new Geohash-based NFT incentive system in the Geolancer app, in addition to eQUAD rewards.
The introduction of Geohash-based NFT incentives was made possible by the scalability of the Polygon project.
The most active Geolancer in each region can earn the “Guardian” title, which gives them additional rewards.
The largest NFT project ever created:
Geohash allows viewing anywhere in the world.
Precisely can divide a city into thousands of geographic segments.
This system turns out to be the largest NFT project ever built in the industry.
Mike Davey, founder and CEO of Quadrant, commented:
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Geolancer is an ambitious and technically complex project.
To fix the POI data industry with manual verification, we needed a platform that could handle micropayments and tens of thousands of NFTs reliably and efficiently.
Polygon has been recommended as one of the biggest names in the blockchain industry, and we are excited to partner with them.
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Launching the beta version of “Geolancer” soon:
The project is already in production by a group of professionals in Indonesia, and Geolancer plans to roll out its beta version in the next few weeks.
The release will initially be limited to Indonesia, Singapore and Vietnam, and those who wish to become geo-observers in the above countries can join the project’s waiting list.
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