Qlink ICO Review – QLC Investment Analysis


ICO Details

Symbol – QLC


When – Ongoing

Hard Cap – 100’000 NEO (7.5 Million USD)

Total Max Market Cap At ICO – 65 Million USD

Exchange Rate: 1 ETH /10 NEO = 4’000 QLC



Qlink is a Chinese project aimed at decentralizing the world’s mobile and data services. Through clever integration of blockchain technology, mobile applications, and hardware implementations, Qlink aims to create a global network of wi-fi hotspots, 4G, and other wireless services distributed among users and paid for with the usage of their QLC token.QLC tokens are used to pay for Wi-Fi access, mobile data access, E2P SMS packages, and registration of content on the Qlink Chain, along with rewarding users for viewing the sponsored content. QLC can also be acquired by using the Qlink BaseStation to contribute to the network through mining.

The Qlink BaseStation is a new hardware offering by the Qlink team, which is essentially a modem/router that boasts some mining capabilities that can secure the Qlink network. The Qlink BaseStation will be usable for home as well as portable use, allowing users to take their service on the go. Finally, with Qlink Gateway, Qlink will be able to connect users with traditional telecommunications companies to purchase their services and have them registered on the NEO blockchain.

Some applications of this kind of service include being able to use other people’s wireless in exchange for QLC tokens, increasing overall “dark” zone connectivity, and an overall cheaper telecom service for the userbase:

Qlink aims to build the world’s first decentralized mobile network, which will extend network coverage, reduce the cost of telecom infrastructures, and reward users for sharing unused network assets.
By utilizing blockchain technology, Qlink applies digital identities to telecom assets, repackages those assets, and records the usage footprint of each asset to a distributed ledger. Additionally, Qlink aims to launch applications designed to allow peer-to-peer sharing of assets, including Wi-Fi, mobile data access, and enterprise-to-peer SMS.



Allen Li

The founder of Qlink, previously founded Youyou Mobile (invested by Alibaba Capital), which is a leading mobile data distributor in China and Southeast Asia, and has partnered with 40 telecom operators around the world to provide mobile data services to 6 million customers.

Chris Zhao

Senior 3GPP protocol software engineer and multiple patent owner. Successfully designed, coded and implemented global virtual SIM system from ground zero.




Susan Zhou

Former Partner of Rhodium Capital, Over 10 years experience in investment banking cross Asia. In charge of Qlink’s overall operation. Susan graduated from University of Hong Kong with an MBA degree.





AA positive aspect about Qlink is the fiat options that they will provide – while Fiaat is not necessarily something that cann be handled on-chain, it makes perfect sense with this kind of product to have a more traditional non-crypto side of things to on-ramp more users into eventually using the QLC tokens. It’s a refreshing change, as crypto-maximalists in the last few years have been hesitant to be more inclusive, and Qlink adding fiat functionality makes me all the more bullish on this project.

To encourage mobile operators to provide services through Qlink, the Gateway will also provide QLC to fiat clearance. When a content provider purchases mobile data through QLC, the Qlink Gateway will provide an option to exchange QLC to fiat currency, based on market rate, and act like a clearance agent for the transaction. This provides an easy on ramp for operators who are not ready to settle transactions in cryptocurrency, but still allows for the deployment of smart contracts.

This is also another NEO based ICO, which has been gaining some traction as of late in the crypto markets, trading at around 75$ as of the time of this writing. The very first NEO ICO, Red Pulse, did rather well, trading at around 2-3x on release of their tokens and makes me more confident in a pick into Qlink as well – considering the nature of the markets at the time, if Qlink is to be successful now it will likely do much better than a 2 or 3x.

I also like the fact that Chinese projects above all seem to be pushing more of an IoT style of blockchain integration for their products. It’s not like many other regions where projects are often confined to their fully digital realms, but adding a physical component to things makes the idea and concept a lot more tangible and ready to be accepted by the mainstream. Look at projects such as the recent WaBi and Waltonchain for examples on these real-world use case projects. Qlink, with their Qlink BaseStation means that they will be offering their own hardware to the current crypto offerings.


One negative about their project is the crowdsale structure – while they are raising a relatively low total amount (7.5 million in the crowdsale), they had a rather extensive pre-sale and strategic investor round that raised much more overall. Those two previous rounds raised inn total somewhere around 17 Million, making it primarily a pre-sale play. While exchange rates are the same for the current sale as they were for the pre-sale, Ethereum and NEO have both doubled in value relative to USD since the time of the pre-sale. This means that while you’re still paying 1 NEO for 400 QLC’s, your 1 NEO is now worth 75$ whereas it was only worth ~33$ during the previous rounds. Giving pre-sale investors a 50% price discount is steep, and while investors will be on the same ground in respect to crypto denomination, some USD investors could simply sell their tokens off for ICO price and essentially double their USD value.



Qlink is an original idea, with a decent team backing it and a strong set of usecases – The fact that this is a China project only adds to its allure and likely upward movement in price, however it is marred by those crowdsale terms. Depending on your risk profile and strategy, Qlink may either be an ICO or exchange buy, but in both cases I expect to see some decent returns in both the short and long term.

Investment Grade: 80%

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