#QKC

What kind of currency is QKC? Why did it rise 30% against the market today?

This is a domestic project, and all the team members are Chinese. QKC QuarkChain is a blockchain underlying technology solution based on sharding technology. With the characteristics of security, decentralization, high throughput and scalability, it will achieve a transaction processing capacity of more than 100,000 chains per second.

The total amount of QKC tokens is as high as 10 billion, and the circulation is only 6 billion. It is a token based on the Ethereum erc-20 protocol, with more than 9,900 coin holding addresses. The top 100 addresses hold more than 98% of the tokens, which is highly monopolized and concentrated. The highest price of the token is about 1.45 yuan, the lowest price is about 0.009 yuan, the current price is about 0.012 yuan, and the crowdfunding price is as high as 0.14 yuan, which has been seriously broken. The current total market value is about 630 million, ranking outside the top 200 in the market value list. This project is also considered a star public chain in China. Now its total market value has fallen to outside the top 200, which is very sad. The token has been listed on Binance, Matcha.gate and many other exchanges, and it is also a good project in terms of trading depth.

It seems that the Quarkchain project team is very strong and has excellent technical performance, but the token price has long fallen below the issue price. At present, there are still more than 3 billion tokens that have not been released. It is risky to enter the market without a destruction mechanism.

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