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QuarkChain ICO Overview
The QuarkChain ICO (QKC Token) is adopting funds against a multi-layer, peer-to-peer transaction blockchain. The aboriginal band of arrangement contains shards, while the additional band is comprised of a basis chain. The architectonics of QuarkChain is predicated on award a antithesis amid security, scalability and decentralization.
QuarkChain ICO Value Proposition
Scalability and aegis do not go consistently hand-in-hand back it comes to blockchain technology. QuarkChain accept set out to acquisition a band-aid that balances both these needs through by amid the two capital functions of the alternation into abstracted layers.
The aboriginal band contains all accessory blockchains, or shards, which action a sub-set of all affairs independently. As the cardinal of shards increase, so to does the cardinal of affairs which can be candy concurrently.
The additional band of QuarkChain is the basis chain. The primary action of the basis alternation is to affirm all blocks from the sharded chains, but does not action affairs itself.
QuarkChain allows for two types of transactions- in-shard and cross-shard. In-shard affairs action amid addresses on the aforementioned shard. However, ambience the QuarkChain ICO afar from added high-throughput solutions is the adeptness to conduct cross-shard transactions. The throughput of the cross-shard affairs arrangement will calibration linearly as the cardinal of shards increases.
Illustration of 2 Layer Architecture
To abridge the user acquaintance of the cross-shard system, QuarkChain is developing a Smart Wallet. All addresses endemic by the user in any atom are attainable via a distinct clandestine key.
Theoretically, a user may accept abounding addresses associated with disparate shards. To abode this issue, QuarkChain apply both a primary and accessory annual aural the wallet. The primary annual contains the abode of the user’s absence shard, while the accessory manages the actual addresses in added shards.
To abridge administration of funds, any transaction accomplished in a accessory annual will backslide the actual antithesis aback into the primary account. The user antithesis will again abide in the primary account, eliminating the abashing acquired by assorted balances beyond assorted shards.
QuarkChain ICO tokens (QKC) are ERC-20 accordant and broadcast on the Ethereum blockchain. After the mainnet is launched in Q4 2024, the ERC-20 tokens will be adapted to the mainnet badge by pre-mining. Future QKC will be produced by miners.
QKC are the sole agency of transacting amount in the arrangement and accumulation a accolade for miners. QuarkChain will abutment acute affairs on the Ethereum Virtual Machine (EVM) to accredit approaching affinity with absolute dApps, which will account from added scalability.
QuarkChain ICO Team
Qi Zhou is Founder and CEO of QuarkChain. He has software engineering acquaintance with the brand of Google, Facebook, and EMC, area he developed sharding and absorption solutions. Qi holds a PhD from Georgia Tech in Electrical and Computer Engineering.
Yaodong Yang is a Research Scientist with the QuarkChain ICO. He is the Cofounder of Demo , a startup incubator. He is additionally a Prof. at Xi’an Jiaotong University and holds a PhD in Engineering from Virginia Tech.
Xiaoli Ma is additionally a Research Scientist with QuarkChain. She currently serves as a assistant at Georgia Tech and is an Institute of Electrical and Electronics Engineers Fellow.
Anthurine Xiang serves as CMO. For the aftermost 4 years Anthurine has formed in Silicon Valley, with companies such as LinkedIn, Chartboost, Beepi and Wish. She holds an MSE in System Analysis and Economic Management from Johns Hopkins University.
Below is a account of the admiral alive with QuarkChain:
As the activity progresses, QuarkChain are abacus new associates to the team. More capacity on the aggregation and their accomplishments can be begin here.
QuarkChain ICO Strengths and Opportunities
QuarkChain are currently already active the aboriginal adaptation of their Testnet advanced of schedule. During our audit, we empiric the accommodation of the Testnet to run 2k TPS. According to the QuarkChain Development Roadmap, the aggregation aim to accomplish 10k TPS as their abutting anniversary and will abide to calibration the artefact from there. QuarkChain accept fabricated their Github about available.
Quarkchain’s absorbing advance on the development advanced could advance to a applicable sharding band-aid afore Ethereum.
When it comes to sharding, Ethereum are demography their time with exploring altered options. Should QuarkChain accomplish such high-throughput, it could position the activity amidst the few first-movers that action applicable solutions to this acute issue.
QuarkChain is additionally EVM compatible- dApps that account from a high-throughput band-aid will accept the advantage to about-face over to QuarkChain at any point. This leaves a acute aperture accessible for acceptance of the network.
QuarkChain ICO Weaknesses and Threats
Competition for a high-throughput band-aid is fierce. The aboriginal name that comes to apperception at the acknowledgment of high-throughput ascent is of course, Zilliqa. There is additionally Fusion, aiming for a Testnet absolution in Q2, and of advance Ethereum. As always, acceptance of the agreement is the acute allotment of the addle actuality back it comes to which chain(s) end up at the top.
At the moment, QuarkChain accept yet to authorize official partnerships, admitting they’ve adumbrated efforts are underway. In their whitepaper, QuarkChain point to several ambition industries that could account from deployment of the artefact – one such bazaar is the development of decentralized adaptable applications. In an accomplishment to advance acceptance for this use case, QuarkChain are creating on-chain developer accoutrement for use on Android devices.
A allotment of QCK is additionally aloof to incentivize developers who body dApps on QuarkChain. While such strategies announce the aggregation are affective in the appropriate direction, we’ll be on the anchor for any affiliation agreements with action audience as a assurance of which bazaar and use case scenarios QuarkChain go after.
The Verdict on QuarkChain
The QuarkChain ICO is a austere adversary as far as scalability solutions go. The aggregation accept fabricated it a point to focus on their artefact afore affective on to body their association and authorize partnerships, which they lose some credibility on for now.
As the absolution of the accessible Testnet approaches, however, we will adviser their advance on the closing two fronts. Regardless, the aggregation abaft QuarkChain are aberrant and accept showcased their abeyant via the Testnet.
You can apprehend a deeper cipher analysis of QuarkChain by Andre Cronje here.
As a Top 5% rated project, we are authoritative a average bet on the QuarkChain ICO (QKC Token).
Learn added about the QuarkChain ICO in our 2900-strong Telegram Group!
QUARKCHAIN ICO REVIEW SCORES
SUMMARY
The QuarkChain ICO (QKC Token) is application an acquired 2-layer architectonics to actualize blockchain scalability application sharding technology. We accept witnessed their Testnet accomplish 2,000 affairs per additional (TPS) and their accepted ambition is 10,000 TPS. While added projects are aiming for agnate scaling, QuarkChain’s technology may become applicable afore some competitors – a focus which may accept been at the amount of developing a association and partnerships to absolutely use it. Outstanding prospect.
Founding Team……………………….9.3
Product…………………………………..8.2
Token Utility…………………………..9.7
Market…………………………………..9.3
Competition…………………………..6.0
Timing……………………………………9.8
Progress To Date……………………5.5
Community Support & Hype…..7.1
Price & Token Distribution……..6.6
Communication……………………..10.0
FINAL SCORE……………………….8.2
UPSIDES
DOWNSIDES
Today’s Date: 4/16/18
Project Name: QuarkChain
Token Symbol: QKC
Website: www.quarkchain.io
White Paper: https://www.quarkchain.io/quark.pdf
Crowdsale Hard Cap: $20 million
Initial Supply: 2.2 billion
Total Supply: 10 billion
Token Distribution: TBA
Price per Token: TBA
Initial Market Cap (at crowdsale price): $33 actor
Fully-diluted Market Cap (at crowdsale price): $150 million
Accepted Payments: ETH
Countries Excluded: China, US
Bonus Structure: N/A
Presale Terms: N/A
Whitelist: TBA
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Cryptocurrencies and blockchain are arising technologies that backpack inherent risks of aerial volatility, and ICOs can be awful abstract and action few – if any – guarantees. You should never accomplish an advance accommodation on an ICO or added advance based alone on the admonition on this website, and you should never adapt or contrarily await on any of the admonition on this website as advance advice. We acerb acclaim that you argue a accountant advance adviser or added able banking able of your allotment if you are gluttonous advance admonition on an ICO or added investment.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
