#Qubic has finished the current #Monero mining marathon which laster 24 hours. We managed to mine 20% of the blocks despite of heavy DDoS attacks orchestrated by an XMRig dev (https://t.co/Tw4YBU6ggn). Starting from the next Wednesday we are having 3 such marathons every week.
PS: A personal message to the XMRig dev: "I fully understand your frustration, you charge 1% devfee and don't want to lose all this money. I want you to know that there is no bad blood from my side, your attacks help to improve #Qubic."
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We're thrilled to announce that the @AnyInuCoin Kickstarter has concluded and $AINU will be listed on #MEXC!
🔹Deposit: Opened
🔹AINU/USDT Trading: 2024-03-30 15:00 (UTC)
Details: https://t.co/WAtNWtBz3B
.@AnyInuCoin, a meme coin on Ethereum, is coming to #MEXCKickstarter 🚀
🗳Vote with $MX to share massive airdrops
📈 $AINU/USDT Trading: 2024-03-30 15:00 (UTC)
Details: https://t.co/SnBltYWgtE
Just few days left till we finish order matching engine for #Qx, a decentralized #Qubic exchange. After that several days of testing and bug fixing and then everybody is getting opportunity to become #Binance of #Qx by starting a financial gateway for $USD, $BTC, etc. Be the 1st.
A BIG negative about $QUBIC is the tokenomics
At least that is what I thought initially
$QUBIC tokenomics looked crazy to me
Over 80 trillion, (yes Trillion) circulating supply!!
And a 1 Quadrillion max supply!!
With 1 Trillion inflation every week!!
When I heard this… It sounded off to me
But...
I didn’t say, this is a scam, this is a shitcoin, this is a rugpull
I opened Google, Twitter and YouTube and I investigated why the #tokenomics are like this
And the answer was quite a good one..
Firstly, why are there so goddamn many $QUBIC??
The reason appears to be that a platform can run quicker if there is no decimal place in the currency
So let me elaborate on that statement
Let’s take #Bitcoin
There are 21 million $BTC and each Bitcoin can be subdivided into 100 million pieces
Each of these pieces is called a #Satoshi
Each $QUBIC can’t be divided into smaller parts
1 #QUBIC is the lowest possible amount of this crypto that you can get
So 1 #QUBIC isn’t like one #Bitcoin, it is like one Satoshi
And because each $QUBIC can’t be subdivided into smaller parts
The $QUBIC platform runs faster
And this is part of the reason why $QUBIC can achieve over 40m transactions per second making it the fastest #crypto platform by far
The second question I had was, isn’t one trillion $QUBIC in inflation every week very VERY high and a 1 Quadrillion max supply incredibly high
And yes, those numbers sound crazy
But when you break it down, those numbers are actually less scary, and actually, they are really promising
So again we have to remember that when we talk about $QUBIC and compare it to #Bitcoin, we really can only compare one $QUBIC to one Satoshi
So with that in mind, let’s figure out how many Satoshi there actually are in the max supply of Bitcoin
So there are 21 million #Bitcoin, and each Bitcoin contains 100 million Satoshis
So 21 million multiplied by 100 million equals 2.1 Quadrillion
So there are 2.1 Quadrillion Satoshis and only 1 Quadrillion $QUBIC that can ever exist
Meaning, QUBIC is actually more scarce than Bitcoin
$QUBIC inflates by 1 trillion QUBIC per week
1 trillion inflation, isn’t actually that high when you take into account the comparison of $QUBIC to Satoshis
I have crunched some numbers and from the my research, it would seem that $QUBIC is more inflationary than #Bitcoin but not dramatically
With 27 thousand #Bitcoin created each month which when you multiply that 27 thousand Bitcoin by 100 million Satoshis, you get 2.7 trillion Satoshis
So that is 2.7 trillion Satoshis created per month compared to 4 trillion $QUBIC
So $QUBIC is about 33% more inflationary than Bitcoin right now
Now some people that are smarter than me, have said that $QUBIC is less inflationary than Bitcoin so that may be the case
But from the research I have done, it appears that $QUBIC is more inflationary than Bitcoin
But…
and here is the big BUT…
If the $QUBIC tokenomics work the way they are supposed to..
This inflation won’t matter
Because $QUBIC will actually be deflationary
Or what is now known as healthy deflation
Which means that although there will be $QUBIC created every week
And equal amount, or slightly more will be burned every week as the $QUBIC platform is utilized
The creator of $QUBIC said that they don’t expect $QUBIC to ever grow beyond 100 trillion $QUBIC
Others are estimating that it will be closer to 200 trillion
Either way, it would mean that eventually, $QUBIC should be far FAR FAAARRR less inflationary than #Bitcoin
There will eventually be 2.1 quadrillion Satoshis but it is expected that there will only be 100 trillion $QUBIC
Which means Bitcoin will actually inflate to 21 times the supply of $QUBIC
I know that is a lot of information but read back over this post until you understand it because this information should make you very bullish 🚀🚀
We're thrilled to announce that the @Ti22_io Kickstarter has concluded and $TI will be listed on #MEXC!
🔹Deposit: Opened
🔹TI/USDT Trading in Innovation Zone: 2024-03-27 15:00 (UTC)
Details: https://t.co/cEdNV5rWjM
When I first heard about $QUBIC, I thought..
How can a high potential #crypto project like this only be listed on a few small exchanges?
This definitely seemed like a negative to me when assessing #Qubic as a potential investment
So what I didn’t do, was complain and say
> this is a scam
> why no good exchanges listing
> this is a rug pull
(which unfortunately is what many do)
I instead, opened up Google, Twitter, and YouTube and I looked into why it wasn’t listed on major exchanges yet
And I found the answer pretty quick..
The reason is that the $QUBIC platform experiences weekly downtime
Weekly downtime is a big no-no for any crypto when a exchange is evaluating whether it can be listed
Once this is fixed, which has already been done in testing..
$QUBIC will start being listed on more exchanges
So right now, many people who want to invest in $QUBIC..
..just aren’t doing it because they don’t want to use these lesser known exchanges
But once those new exchange listings are added, many people will start investing in $QUBIC
And crazily, even with all that sidelined liquidity, $QUBIC still has a market cap around 700m
So right now, being able to buy $QUBIC on these smaller exchanges, is like participating in a presale..
And by the way, $QUBIC was fair launched, meaning the only way to get any was to mine it and then sell it
So this is as close as you will ever get to a presale
#100x #Qubic #cryptocurrency