Quarkchain - best ICO of year 2018?!
Hello everyone,
Today i want to introduce to you one of my favorite and most perspective ICOs of this year - QuarkChain. Quarkchain is a new high capacity P2P blockchain poject that aims to provide
1'000'000+ on-chain transactions per second. The QuarkChain consists of two layers of blockchains. Quarkchain applies elastic sharding blockchains called "shards" as the first layer, and a root blockchain that confirms the blocks from the "shards" as the second layer. Cross-shard transactions can be issued at any time, and confirmed in minutes. The throughput of cross-shard transactions increases linearly as the number of shards increases. Tokens will be used to pay miner rewards and also as transaction fees. The more transactions will be made on QuarkChain network, the more valuable QKC will become. Project team also came up with a solution for smaller miners to join the network QuarkChain network. Smaller miners can run multiple nodes and form clusters . These clusters will work as supercomputer and compete with other nodes and supercomputers. This could make QuarkChain network more decentralized and trust worthy. For more visual info please watch:
Project timeline
![](https://steemitimages.com/DQmdECnwxSypcWtXd3tZC3yuSFuoVX6VfbqbSHbqUxRAiv6/image.png)
Team:
Project team is very solid and has 9 experienced members. Qi Zhou is project founder with more than 5 years experience in computer engineering (including work with Facebook and other giant companies). I think that Zhaoguang Wang is also an all-star member of this team. He is core Engineer at QuarkChain and has previously worked with companies like Google and Facebook. (Senior Software Engineer at Facebook, Software Engineer at Instagram). Team also have well known advisers, and one worth mentioning is Bill Moore, Chief Engineer at Sun Microsystems. I also added photo of project all-star team bellow:
Token details:
![](https://steemitimages.com/DQmVEys9GaKbT9woK5h5Bgi1kENCMjA9GMnQENc6JJYhhQz/image.png)
As you can see then after ICO QuarkChain tokens will be ERC20. But as it is meant to be a native blockchain, there will be token swap on mainnet launch. Mainnet launch is planned on Q4 2018 which in my opinion is very strong sign from investment standpoint. There are also some ICO restrictions. Cuba, North Korea, Serbia, Tunisia, Somalia, Zimbabwe, Congo, South Sudan, Sudan, Turkey, Iran, Iraq, Libya, Syria, Ethiopia, Yemen, Srilanka, Venezuela, Canada, USA, China, and Newzealand are excluded from token sale.
ICO ratings
As you may kow, I do ICO reviews very often, but I must say that rarely I have seen so much hype around one ICO project like it is in the case of QuarkChain. Top youtubers and other influencers are talking about QuarkChain as one of the best ICO's of year 2018. I have collected data from top ICO analyses and you can see that most experts ranked QuarkChain as very high:
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmRWoFF18Zv4wzThKzQHE1pgCKwanSJHCNiKZbSN6nEnao/image.png)
Token sale
If you want to take part in this ICO, there is still chance to register for KYC process. There will be a white-list lottery before ICO. For a chance to participate in this lottery, users must have earned at least 60/100 points. There are 3 ways to earn lottery points.
- Telegram early adopter - 30 points max (ended)
- Proof of care submission - 20 points max
- QuarkChain project quiz - 50 points max
It is very positive that crowdsale tokens will be unlocked right after ICO.
Conclusion
Many people compares QuarkChain with Ziliqa project, because these are only two projects that are implementing sharding technology. If you don't know yet, investors who contributed to Zilliqua ICO, has already made huge returns. (x45 vs USD; x30 vs ETH and x81 vs BTC) But the cool part is that most people i have talked with, see QuarkChain as a stronger project than Zilliqa. QuarkChain hard cap is very small (only $20 million) for blockchain project as this. After ICO QuarkChain market cap would be less than 3% of Zilliqa total market cap, that's why i see great growth potential for this project in short-term and also long-term time frame.
Please remember that this is only my opinion and not an investment advise so DYOR before investing in any ICO!
Also i want to thank you for your time and good luck to you all!
Please remember that this is only my opinion and not an investment advise so DYOR before investing in any ICO!
Also i want to thank you for your time and good luck to you all!
Sources used in this review:
Project website: https://quarkchain.io/
White paper: https://quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf
Icodrops: https://icodrops.com/quarkchain/
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