QuarkChain Pre Mining

Today I’m really excited to talk about the QuarkChain ICO.
That being said lets take a closer look at the QuarkChain ICO shall we?

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.
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.
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.

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.

If we look at the positives two things already stand out for me. First it’s going to be supporting smart contracts by the Ethereum virtual machine.
The second thing I really like about QuarkChain is its 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 word 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.
Of course no ICO is perfect and I want you to be aware of the negatives with QuarkChain as well.
For one their are no enterprise partnerships or business agreements. None that I could find anyhow.
Their advisors are difficult to find never mind verify. Also the team don’t really have any entrepreneurial experience.
Also can QuarkChain compete in a saturated market with other big projects like ICON, EOS and the Wanchains of the crypto world?
Of course QuarkChain would need to build ICOs on top of it’s blockchain which would increase it’s value and scalability.
Not do do so would kill demand and lessen it’s marketing impact.
Thirdly is their telegram channel. I’ve noticed users asking questions and don’t get answers. This coupled with a lack of token information could hinder things quite a bit.
You could have the best blockchain but if there is no community and nobody is using it what’s the point?
In order to be successful QuarkChain needs to find some balance. They need the right fit between hype and execution.
Good ICOs has to have sufficient hype and a business model that’s actually excecuting or working toward something.
If you stray to far in one direction have broken many ICOs and tokens which were never able to fully recover.
People are aware about this project. Seems as if any ICO with ‘Chain’ attached to it gets peoples attention these days. So I’m going to give it an above average score in the hype department. I actually think the hype is going to increase.
For the team I’m going to rate them well above average. No they don’t have an entrepreneurial background. However the CEO and other team members worked for Google and other prestigious companies. Also some of the team were former research scientists with very strong academic backgrounds.
This is a blockchain ICO and these are the type of projects I do like to invest in. I will be waiting for more information but there is a real possibility I will be investing with QuarkChain. So I will keep you posted.