The world's most popular alt coin exchange is adding a new coin today, QuarkChain (QKC).
The trading platform will start out with QKC/BTC and QKC/ETH pairs and users can effectively begin depositing QKC coins for trading starting June 4, 2018 at 9 AM UTC.
— Binance (@binance) June 4, 2018
The network behind QuarkChain wants to meet global commercial standards when it comes to building an innovation permission =-less blockchain architecture. Their website says the blockchain can provide over 100,000 transactions on-chain and is decentralized, secure and scalable.
Here are a few key characteristics of the Quarkchain Network and QKC Token.
- Reshardable two-layered blockchain
- Collaborative mining driven by the market with guaranteed security
- anti-centralized horizontal scalability
- efficient cross-shard transactions
- easy to use account management
- smart contract platform that is Turing-complete
The team behind QuarkChain had a whitepaper question and answer session and had this to say about the business development plan behind the QKC coin
Not sure how the conclusion is drawn, but we believe QuarkChain can serve a better blockchain platform for some AI and big data applications that aim to utilize blockchain technologies. Therefore, AI and big data directions are also in the scope of QuarkChain business development plan.
If still interested make sure you read into their May Q & A at Consensus 2018 in New York where they answered 10 challenging questions about their whitepaper and project.
There are a lot of Crypto traders voicing their opinion on Twitter and Reddit I’m how they feel, check out a few of the latest:
QKC token distribution, created by a community member. This shows: 1. the crowd is powerful. 2. the crowd is powerful given the transparent nature of blockchain. 3. most of the usable circulating supply is already on Binance. 4. expect high volatility, ie, swings in BOTH ways. pic.twitter.com/6E5Nn7tyh7
— CZ (@cz_binance) June 5, 2018
Definitely another scam coin. 1) Come up with a stupid name for a company 2) Do an Ico 3) Generate a bunch of vapor ware money and hold onto most of it 4) Come up with some bullshit justification to put it on the blockchain
— cryptoamd (@cryptoamd) June 5, 2018
A small, conservative pre-mine https://t.co/XzfESOdKmR
— Anthony 💂♀️#Bogpilled💂♀️ (@Armstrong_Anth) June 5, 2018
20% of tokens were sold, the ones sold to community members in the lottery have been unlocked all the others are locked with 10% released each month. The team hold 96% but they dont own that 96%
— Mo (@Mo_Betters) June 5, 2018
What do you guys think of Binance enlisting the Quarkchain cryptocurrency coin QKC?