Quarkchain

The QuarkChain ICO is a serious contender as far as scalability solutions go. The team have made it a point to focus on their product before moving on to build their community and establish partnerships, which they lose some points on for now.

As the release of the public Testnet approaches, however, we will monitor their progress on the latter two fronts. Regardless, the team behind QuarkChain are exceptional and have showcased their potential via the Testnet.

22-Apr. Update on Quarkchain after discussing it in last week's live stream. The Quarkchain team showed my team a demo of their blockchain and it's the real deal. This is officially an all-star ICO in my opinion. Currently scored at 85% for me. I will participate in the private sale. Public sale is confirmed. However, it will justifiably be oversubscribed. Which brings me to a point I want to emphasize as we get out of ICO winter. It's still possible to get into good projects after the ICO on exchanges. Loom Network, POA, and others had great entries during the bear market in my opinion. They will be other similar projects that are oversubscribed during the token sale that will have great entries during the next bear market. 

Just to clarify, the demo did not have 1 million TPS. The demo was on a testnet and showed a functioning blockchain and the potential of what's possible. In my opinion, Zilliqa token metrics were rated higher historically but this is still a good project nonetheless.

24-Apr. I covered Quarkchain last time. Long story short: Quarkchain is an all-star ICO, the best ICO in this quarter. I was waiting for the demo from the team to make sure that they could actually deliver on their claims, all right, I did get the demo and the demo blew me away from guys I mean it is legit. I don't think this is better than Zilliqa per say. I have graded Quarkchain as around 84 percent score which is pretty solid and as a result I was part of their private sale.

10-May. QuarkChain, Edenchain, Phantasma and Mainframe those are my four all-star projects for this month.

Overall, we like both the flipping and long-term potential of this ICO. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:

For flipping

Good. The full token metrics aren’t public yet, but with a hard cap of $20 million, high market awareness, and presale fully booked many times over, we believe there will be substantial unmet demand following token distribution.

For long-term holding

Good. As far as we know, QuarkChain and Zilliqa are the only project that is implementing sharding on testnet. Those who have been following us know that we like Zilliqa as it is one of our picks for the Crusher of the Month, with a current market cap of $705 million.

The hard cap of $20 million represents just 2.8% of the market cap of Zilliqa, the closest comparable project and by itself undervalued in our opinion. There is a substantial disconnect between the valuation of QuarkChain and other promising blockchain 3.0 projects. Therefore, we believe QuarkChain has the potential to go down as one of the most successful ICO projects in 2018.

QuarkChain has outstanding advisors and a good team. It has already launched an MVP, which shows 2K TPS (transactions per second), and QC plans to have 100K TPS by the end of this year. QuarkChain has already raised $16M out of a projected $20M from private sales. Competitors market caps indicate the huge potential growth for QuarkChain tokens. The hype rate is very high. We have only deducted some points because it seems that new, high-speed blockchains appear every month, and the industry is getting more saturated.

Overall, we are very positive on the project as we find their technology in implementing a blockchain intriguing. Quarkchain exhibits several unique features that differentiates itself from its competitors. • A high throughput blockchain that seeks to position itself between decentralization and security, without compromising the network’s scalability and speed • Market opportunity for such projects are required to further lever the development of blockchain technology • We are confident in the team’s ability as it portrays relevant technical experience from established companies with solid academic backgrounds • Attractive low hard cap of $20m Picolo is taking an early-stage view on Quarkchain but believes that the team will be able to execute their roadmap. We are cautious of the 1million TPS claims as current technology is not capable of reaching such speeds, however, a substantial achievement of 50-100k TPS is viable. We are excited regarding the possibilities this project can achieve and will continue to monitor its developments moving forward.