Last week we wrote about QuarkChain being one of the upcoming 3 best ICO’s to invest in. We also announced we would be adding QKC to our bitGuru investment fund… unfortunately we missed out on the lottery after passing the KYC. Although we will get a chance to do that as Binance announced this morning they will be listing QuarkChain (QKC) just one day after the QuarkChain public sale.
Binance to list QuarkChain (QKC)
Binance announced the news at 10:59pm (GMT) on 3rd June, 2018, that they will be listing QKC on 4th June 2018. There is a huge amount of hype around this project as a whole, and for obvious reasons. Aside from the fact they have an incredible project, with some pretty impressive testnet result… A listing on Binance is always considered a serious move and to get the listing almost immediately after concluding their ICO is even more impressive.
What is QuarkChain
“QuarkChain is a high-capacity peer-to-peer transactional system.” “It is an innovative permissionless blockchain architecture that aims to meet the global-wise commercial standard. It provides a secure, decentralized, and scalable blockchain solution to deliver 100,000+ on-chain TPS.”
What does this mean in simple terms? This means that QuarkChain will be directly focused on a peer-to-peer payments solution which will not only rival Bitcoin, Ethereum and many other cryptocurrencies, but they will also be rivalling the likes of Visa and PayPal. The global-wise commercial standard right now is set by companies such as Visa, their systems can supposedly handle up to 50k TPS (transactions per second). While the actual number may be less, they allow their systems to handle more so as to cater to the global standard of fast transactions. Right now one of the major issues with blockchain technology, is the ability to scale blockchains to be able to handle greater amounts of users and larger volumes of transactions.
We are still going to be adding this to our investment fund, we are going to monitor the prices as currently some of the buy and sell orders look far to high…
The ICO price for QKC was: 1 QKC = 0.0197 USD (0.00003171 ETH)
It is expected that the price is going to be a lot higher than this given the was the QKC token was distributed and the circulating supply being much lower than the total supply.
These are the proper token metrics:
Current circulating supply: 396 671 321 QKC
Crowdsale: 6930.61 ETH x 31533 = 218 523 690 QKC (All Unlocked)
Private Sale – 16 mln $ raised and 1 781 476 310 QKC sold (10% Unlocked first month = 178 147 631 QKC)
Current circulating supply: 218 523 690 QKC + 178 147 631 QKC = 396 671 321 QKC
Private Sale Lockup scheme: 10% release each month for the first 4 months and 20% release each month for the later 3 months, until all QKC is unlocked