What is QBIC Coin?
The company is another new blockchain focused technology that is designed around the basis of masternodes. It’s developed to be ASIC resistant when it comes to mining. They use a neoscrypt algorithm to ensure that it works properly.
How Does QBIC Work?
The company is apparently giving out 50% rewards for masternode capability. And is said to be a great investment for anyone interested in getting involved. They also use their own QBIC blockchain.
The masternode is said to help keep integrity strong for the network as well as enable unlimited support for Darksend and instant sending as well as creating what they claim will be the highest possible return on investment for the users.
The company is truly trying to make an Asic resistance mining platform that uses powerful Neoscrypt technology to ensure ultimate efficiency when people use the GPUs.
This is turn will make the system ultra-fast and help ensure that transactions are stable because of the potential for instant integration. They also will use mobile wallets and debit cards to help with the future needs of the users on the platform.
What is the ICO on the QBIC Coin?
The QBIC Coin is said to be innovative and newly developed as a money project. The goal of the company is to create a platform that offers instant and secure payment capabilities online for users of the open sourced platform that will be hosted all over the world.
They have a great possibility for growth and expansion and are based on a proof of work system as well as masternode that helps protect the miners.
Here are the current QBIC Coin Specs:
- Ticker: QBIC
- Algorithm: Neoscrypt
- Block Time: 2 min
- Reward 20 QBIC, decreasing by 10% every year
- Block Confirms for Mined Blocks:101
- Reward distribution: 50% Masternodes, 50% Miners
- Instant send: ~5 seconds
- Difficulty retargeting Dark Gravity Wave
- Transaction anonymity: Private send Implementation
- QBIC, has a 1.5% premium that will be used only and only for airdrops, bounties, exchanges, and future projects.
- Total supply: 52,500,000
Who is Behind QBIC?
Unfortunately, once again we have a startup that doesn’t have any information on the team behind the scenes. And yet again, we have to stress that transparency is everything with a startup and not disclosing information is the opposite of transparency.
This is another ICO/startup that has no real information as to how they are different than any other company online. In fact, there is no reason why anyone would need to use this company, they offer zero solutions that can’t be found elsewhere on a more credible company. If you want to save time and money, avoid investing with QBIC Masternodes.
QBIC Coin Conclusion
They make promises of being the best payment system in the world, but that’s about it. And there are a ton of companies that are making the same claims all over the world. Until they disclose more personal information about their team and location, and come up with a better reason to invest – QBIC is another red-flag company that should be avoided.