In a nutshell, Quantstamp is a smart auditor for smart contracts. The company is the only crypto company that got accepted into the YCombinator incubator winter program recently. Very strong technical team. With all the ICO's base on the Ethereum network, the numbers of smart contracts are getting unmanagable to audit manually. Quantstamp believes they can develop a solution that can automate the auditing. The QSP token is needed (burned) for auditing purpose.
Technicals
Target price zone 1: 7500 satoshi ($1.10 ++)
Target price zone 2: 9117 satoshi ($1.40 ++)
It had a breakout recently and now establishing new support zone.