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ICO Review: QuarkChain

QuarkChain is a high-throughput blockchain that aims to achieve millions of transactions per second (TPS).

UPDATE: Quarkchain announced their KYC process will end on or around 5/24 (2 weeks). It isn’t too late to be part of the ICO, be sure to check out their KYC instructions here.
ICO Overview
Dates:
Late May
Token Symbol:
QKC
Price:
1 QKC = 0.00003 ETH
Accepting:
ETH
Type:
ERC20
Platform
Blockchain
Country:
USA
Our Rating:
4.71/5


Tokenomics
Hard Cap:
$20 million
Soft Cap:
N/A
Presale:
None
Bounty
45%
Min Investment:
N/A
Max Investment:
Dynamic
% Sold in ICO:
20%
% Held by Team:
20%
Total Coin Supply:10 billion
Lock Up Period:Private Sale: 10% release each month for the first 3 months and 20% release each month for the later 3 months / Public Sale: NO LOCKUP
KYC: China, US can’t participate
Bonus Details:TBA
Competitors: Zilliqa, Kadena, DFINITY, Thunder Token, Ethereum and Bitcoin

The Product:



QuarkChain is an innovative permission less blockchain architecture that aims to meet the global-wise commercial standard. It provides a secure, decentralized, and scalable blockchain solution.

Tries to introduce a groundbreaking innovative permissionless blockchain architecture, that aims to meet the global-wise commercial standard.

The main idea of Quark was inspired by extensive development experience in developing large-scale distributed systems in centralised world that handles billions of TPS. With the help of blockchain technologies QuarkChain manages to apply on unique solutions and thus solve the scalability problem.

These solutions aim to largely expand the boundaries of blockchain usability without damaging safety and decentralization features. Another proposal is helping to move the blockchain into the next generation by increasing the number of TPS, thousands to million folds higher, while maintaining security or descentralization. A free of congestion network and thus affordable for everyone with different purposes. Ultimately, Quark aims to build a seamless platform to support distributed social media, high frequency trading, IoT, gaming and financial problems.

The Team:



Qi Zhou, Founder – PhD in Electric and Computer engineering with 5 years’ experience in engineering and software engineering with the most recent being with Facebook as a software engineer.

Zhaoguang Wang, Software Engineer – 7 years’ experience in software engineering with tech giants such as Facebook, Instagram, and Google.

Xiaoli Ma, Research Scientist – Professor at Georgia Institute of Technology. PhD in electrical engineering and 7 years’ experience in the tech industry with the most recent being the CTO of Ratrix Technologies.

Yaodong Yang, Research Scientist – PhD in engineering, and a Tenure Track Professor at Xi’an Jiaotong University, and co-founder of Demo++ Technological Incubator.

Bill Moore, Advisor – Chief Engineer for Storage at Sun Microsystems.

Roadmap:



Q2 2018 – TestNet 0.2 release which will support most of QuarkChain’s features such as smart contract, reshard, and so on.

Q4 2018 – QuarkChain Core 1.0 release, Mainnet 1.0, and Smart Wallet (aiming for ~100,000 TPS at this time).

Q2 2019 – QuarkChain Core 2.0 release, Smart Wallet 2.0, (aiming for ~1 million TPS with clustering at this time).”

Reviews
Ico Drops
VERY HIGH INTEREST
Crush Crypto
“For flipping: GOOD
For long-term holding: GOOD”
Crypto Briefing
8.4/10
Track ICO:
3.9/5
Our Rating
Prototype:
4/5
Team:
5/5
Product:
5/5
Social:
5/5
Token Dist.:
5/5
Hype:
5/5
Communication:
4/5
Total:
4.71/5


Final Thoughts:



This is definitely the most hyped ICO of 2018 thus far, and for good reason. This project is backed by a killer team, and is creating a platform that will solve the biggest issue facing the blockchain: scalability. Their TestNet is available for testing and is clocking in at 2300 TPS, and they are shooting for a 100,000 TPS for the MainNet, which would make it one of the fastest blockchain out.

Bottom line, this is a great one for holding or flipping. The hype surrounding this one is astronomical, and bull market is bringing investors out of the woodwork to get a piece of the action. It looks like the stars are aligned for QuarkChain to do big things.



Links:


Website: https://quarkchain.io/
Whitepaper: https://quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.2.pdf
ICO Details: https://steemit.com/quarkchain/@quarkchain/quarkchain-token-sale-terms-and-conditions
KYC Details: https://steemit.com/quarkchain/@quarkchain/quarkchain-whitelisting-kyc-process