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What is the initiative Q?
Initiative Q is another cryptocurrency company that comes into the business with promises of easy earnings. As you can well know, a company that promises easy money usually hides something. The basis of the Q initiative is earning profits through a unique social payment structure. The first thing I noticed on the page was a ticker with the money coming down on it – the number coming down continuously.
It is a total tactic of scarcity and urgency used by marketing professionals to encourage or scare them to take specific action. In this case, the website is full of games of all kinds or buttons to click. In the industry, these are known as micro-commitments, small actions that are obtained by a user to create a small amount of trust, so that over time they can take more profitable actions for their cause or company.
Now that the initial observation is out of reach, we dig into the company.
How does the initiative Q Cryptocurrency payment network feature work?
The first thing I notice is that the company does not focus much on the services and benefits they provide. Instead they focus more on stopping others in the industry, a great way to get people's attention. By showing the negative aspects of a sector, they unconsciously increase the way in which site visitors perceive them without providing any real information about themselves.
They make some good points, however, it is quite common knowledge that the payment processors used today are a bit old and outdated, and incur high fees for any transactions made on them. Putting a great need in the industry for new payment solutions to improve the way people pay for things online.
Most users are used to what they use, however, making it difficult for new payment systems to gain an advantage or actually take off. Buyers are at home where they are for the most part, but Initiative Q is trying to enter the payment processor sphere to provide users with better ways to pay for goods and services online.
The claims that a new payment processor could potentially end up seeing 20 trillion dollars a year in transactions is rather unrealistic. Initiative Q does not really have any basis for the claims they make, being completely unable to provide any information on how they intend to achieve these huge numbers.
Probably it will happen using their Q currency, with millions of people joining the company project movement. Unfortunately, there is not enough information on the website to support these numbers, so I can not support the belief that it will work until we see more data. They do not give any indication of who is leading the show or the team, plus, no position information is provided on the company headquarters. Both are considered signs of scams companies seeking to get quick cash before retiring, taking advantage of unsuspecting investors.
Initiative Q Conclusion
They compare their company with the reception of free bitcoins, something too good to be true. As far as I can tell, the company is suspicious. I can not justifiably recommend anyone to invest in the Q initiative without further information on the team, business model, currencies, metrics and company location. If you still want to invest with the company, please do so at your discretion with caution and care, so as not to be exploited like millions of other investors who have already been.
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