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QTUM, pronounced “Quantum,” is the world’s first open-source, proof-of-stake smart contracts platform. It is meant to be used as both a value transfer protocol (like Bitcoin) and a smart contracts platform (like Ethereum) with a focus on mobile applications. The platform debuted in March 2017 after a successful crowdfunding campaign which raised nearly 16 million dollars in 5 days. QTUM and its development team are led by the Singapore-based QTUM Foundation.