Is QuarkChain the next Booming DeFi Project Or Just Some Hot Air? 🤔

Is QuarkChain the next Booming DeFi Project Or Just Some Hot Air? 🤔

You know that I am always looking for some low market cap gems that I hope will moon-rocket someday. Today I want to check out QuarkChain. In August there is also an airdrop going on where you and I can get some free QKC.

What Is QuarkChain?

QuarkChain describes itself as "a flexible, scalable, and user-oriented blockchain infrastructure using blockchain sharding technology."

The QuarkChain project launched in May 2018. They say that they are the first ones that implemented a so-colled state sharding technology for blockchain in the world. This means that QuarkChain can support multiple virtual machines, different consensus algorithms, different ledger formats and, hold on, even multi-native tokens in one network!

QuarkChain is able to fulfill the requirements of different blockchain applications. QuarkChain works with a special hybrid consensus protocol called Proof-of-Staked-Work.

QuarkChain’s plans for the second half of 2020 are launching staking DeFi products and the new main-net with multi-native tokens, which sounds like a pretty big deal.

The QuarkChain Token

QKC is the native token of the QuarkChain ecosystem. It started as an ERC20 token built on the Ethereum Blockchain. It migrated to the QuarkChain blockchain as its own native cryptocurrency about one year ago. Soon a new main-net will be launched. The new main-net will be an upgrade of existing blockchain with more features.

QuarkChain`s price today is $0.00964277 and it has a circulating supply of 5.3 Billion coins and a max supply of 10 Billion coins. It still is under one cent which is not much, means that you can get a lot of QKC for your Ethereum. With around $51 million dollars, it is located on the lower market cap rank #174 right now.

Binance and KuCoin the current most active markets trading QKC. You can also get some free QKC in the current Bounty until the 31st of August.

QuarkChain Bounty

QuarkChain is airdropping 5,000,000 QKC worth $27,000 to its community members. To get free QKC, simply signup for a QuarkChain account and verify your email address. Now you can log in back to your account and complete the Twitter tasks to earn points. Lease note, that only participants with more than 50 Twitter followers are eligible to receive the points. You can also invite your friends to earn more QKC.

My Final Conclusion

For me, it is honestly hard to say if QuarkChain is just a lot of hot air or if it is the next low market cap gem. I believe that there hasn`t been a lot of movement in the last two years. But who knows, maybe it really happens by the end of the year and QuarkChain will successfully launch staking DeFi products and finally the new main-net with multi-native tokens. Then we really could see some nice pumps. On the other hand, if we still see no results by the end of the year, then it is possible that QuarkChain is just a shadow project with a lot of hot air.

Well, however, one thing is for sure. You won`t lose any money by getting some free QKC from the ongoing airdrop. Grab that free coins and then simply HODL them. If it is sky-rocketing, you are happy that you grabbed that free coins from the airdrop and if it goes to zero you have lost absolutely nothing. 

Nevertheless, please keep in mind that my intention in this post is not to replace your own research. Always #DYOR. 👌

I hope I could provide you with some useful information about QuarkChain.

Thank you guys for reading, liking, following, and tipping 👍

If you like, you can also follow me on Twitter.

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