Quantstamp (QSP) Price



Before trading any crypto assets it is important to understand the risks. This overview summarizes certain risks associated with QSP. 

No securities regulatory authority has expressed an opinion about QSP, including an opinion that QSP itself is not a security and/or derivative. 

Token Description & Project Background

Quantstamp is a security auditing network for crypto protocols that is fueled by the QSP token. QSP can be used to pay for smart contract audits, earned by running verification nodes, and proposing and voting on network upgrades.

Quantstamp leverages decentralized computing power from a global network of validators to perform smart contract audits on behalf of independent blockchain/application developers. Within this framework, developers first submit unaudited smarts contracts to the protocol. Once submitted, the contract is analyzed by a validation node who utilizes Quantstamp’s proprietary software to scan its source code for any potential security flaws. After the verification process is complete, the validator produces a “proof-of-audit” hash confirming their work and collects the QSP-denominated fee put forth by contract’s developer.

Likewise, each contract analyzed by the protocol is equipped with its own bug bounty that’s used to reward operators for successfully identifying security flaws. Bugs can be identified by validation nodes during the audit process or by Quantstamp’s global network of dedicated Bug Finders. In the case that a bug is not found, the bounty payment is returned to the contract’s developers.

In addition to individual smart contract audits, Qauntstamp supports full-fledged enterprise grade auditing solutions for independent blockchains, DeFi protocol, NFT platforms, multinational corporations and sovereign governments. 

The QSP token launched via ICO in November 2017

Quanstamp was founded in 2017 by Richard Ma (CEO) and Steven Stewart (CTO). Ma was previously a senior software engineer at Tower Capital Research, a high frequency trading firm.

Risks of QSP

Like an investment in other crypto assets, there are some general risks to investing in QSP. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in QSP is subject to the following specific risks:

  • There are several cybersecurity layers in the market which offer similar services to Quantstamp. Any potential success associated with QSP depends on Quantstamp’s rate of adoption.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with QSP. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The QSP community and its founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of QSP have no recourse to the SQP community, Quantsamp founding team, or Uphold if QSP declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing QSP on the Uphold Platform, Uphold performed due diligence on QSP and determined that QSP is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of QSP, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of QSP.
  • Any marketing materials put forward by the QSP social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with QSP, including any code defects, security breaches and other threats concerning QSP and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with QSP, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of QSP. 


Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 20, 2023.

How to buy Quantstamp (QSP)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to Uphold.com and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

Just start trading.

Get more coin for your coin

0% withdrawal fees

Low spreads

Learn more