Today I’m really excited to talk about the QuarkChain ICO.
Always remember I am not a financial advisor and this is not financial advice. Whenever investing do your due diligence and never invest more then you can afford to lose.
That being said lets take a closer look at the QuarkChain ICO shall we?
QuarkChain – ICO Review
quarkchain review
Whenever I look at an ICO it’s not different with QuarkChain. I never dive head first into the White Paper. In fact it’s more often than not that I never waste time reading it.
Most times I can look at the team or token metrics and disqualify an ICO pretty quickly. There is no reason to read and try to understand some 50 page White Paper only to realize the ICO isn’t for me.
I just want to break down the ICO and look at the core mechanics or fundamentals behind the project.
Today I will do the same with QuarkChain by looking at their team, token metrics and hype in the community.
QuarkChain Token Metrics
The QuarkChain ICO has a hard cap of $20 million USD. It has a total token supply of 10 billion. It is difficult to do a full analysis at this time because I don’t have all the metrics pertaining to this ICO. I could not find any information about their pre sale, private sale or their circulating supply. Or whether those tokens are locked or vested.
I’m sure this information will come out shortly it’s just very early and I wanted to do this review now.
However I can compare it somewhat to other ICOs in the same category. For example ICON, Dragonchain, Ziliqa, Wanchain, Credits etc.
So you can see these blockchain and infrastructure projects do extremely well in ICO and also when they hit the exchanges. These are the tokens that usually hold their value or even better 5X 10X even 100X themselves.
QuarkChain is basically in the same bracket as some of these other big ICOs. So in theory depending on their business model and how they execute they could actually hit numbers close to these other very popular tokens.
Only problem there really isn’t enough information out there to give a full analysis at the moment. So token metrics I can’t give a full analysis like I already said.
QuarkChain – What Is It?
quarkchain features
Well basically QuarkChain wants to build a blockchain focused on scalability and security. They will use two protocalls or layers that faciliate transactions. In all honesty it’s a bit complicated and I would suggest heading to their website if you really want to read about it in depth.
They talk about a root layer and a sharding layer and it’s a bit complicating and technical. In order to understand what QuarkChain really wants to do you actually have to understand the physics behind this project.
For example. Quarks in physics are actually composite particles or protons and neutrons. They are the foundational building blocks of all matter. In this context it simply means it does not have a substructure and cannot be split.
On the scalability side we have the sharding layer within QuarkChain. So all minor blockchains or shards process a subset of all transactions on the QuarkChain blockchain independently. As the number of shards increases so to does the number of transactions. Which can be processed concurrently.
On the security side we have the root layer which confirms all the blocks in the shards by including the block headers in the root blocks.
In other words the root layer confirms all blocks from the sharded chains but does not process transactions itself.
That being said I’m not going to say much else about that. I’ve never been a huge science fan and I certainly don’t want to have to understand physics to do an ICO review.
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QuarkChain Project – The Good
If we look at the positives two things already stand out for me. Firstly it’s going to be supporting smart contracts by the Ethereum virtual machine.
The second thing I really like about QuarkChain is it’s test net. It is already operational and running ahead of schedule.
QuarkChain tokens are ERC compatible and distributed on the Ethereum blockchain. This means after the main net is launched in Q4 later this year the ERC tokens will be converted to the main net tokens by pre mining.
In other words the future tokens will be produced by miners.
So I will say this. QuarkChain really is a new and novel project and something we have never really seen until now.