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OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ 🔆
I WILL TAKE PROFIT THIS CYCLE
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I WILL TAKE PROFIT THIS CYCLE
$QUBIC - The Most Undervalued Projects Vol. 3 🧊
The third episode features @_Qubic_.
Welcome to the ultimate Qubic thread + cheat sheet 🧵
General Information: 📌
Qubic is the world's first Layer 1 UPoW powered network aiming to achieve True AI with True Finality and high speed smart contract execution.
Narratives: #AI & #Layer1
Exchanges: Gate, AscendEX, Bitkan, Safetrade, TradeOgre, Seven Seas, Bitkonan
Team:
🔹legendary founder Sergey Ivancheglo aka
🔹founded NXT & co-founded IOTA
🔹creator of the very first 100% PoS protocol (‼️)
🔹created the very first non BTC clone
Other than that the project is:
🔹100% community driven
🔹fully open-source
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Tokenomics: 📊
🔹market cap: $486 M
🔹maxium supply: 1000T
🔹circulating supply: 97.4 T | 9.7 %
🔹weekly emission: 1T
🔹burned supply: 10.6T
These tokenomics might look bad at first sight, but are actually some of the best in all of crypto.
And that is mainly because of the following segment 👇
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Smart Contract Burn Mechanics: 🔥
🔹each SC must pass a Quorum proposal vote
🔹if accepted, it's launched via an IPO with 676 shares
🔹$QUBIC spent on these shares is locked into the SC
🔹this reduces circulating supply irreversibly (‼️)
🔹the locked QUBIC in the SC then gets depleted with every contract execution
🔹when the SC's pool runs empty, more QUBIC must get locked into the SC
🔹this reduces supply even further
➡️every smart contract creation & execution burns QUBIC
Even with only 3 smart contracts to date, over 10.5T QUBIC have been burned already. With SC creation & usage ramping up this number will skyrocket.
This is the reason the circulation will likely never get far above 100T (current levels)
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Key Features of Qubic: 👽
Qubic already offers plents of revolutionary 'alien' tech. These are some of the most important components of the network.
Useful Proof of Work: 👷
🔹world's first UPoW L1/L0 blockchain
🔹doesn't waste energy by solving abstract puzzles
🔹thereby reducing energy consumption
🔹leverages mining capacities for AI training
🔹maintains network security and decentralization
🔹feeless transactions & offline payment verification (‼️)
🔹uses ticks instead of blocks (not linked sequentially)
🔹ticks occur every 5s in a weekly cycle (Epochs)
Quorum Protocol: 💻
🔹operates with 676 computors (validators)
🔹handling transaction, executing smart contracts, securing the blockchain
🔹2/3 (451+) of Computors need to agree on a result
🔹ensures true finality and reliability (‼️)
🔹current block time: 7 seconds
🔹sub-second block times as soon as Q2 2024
Smart Contracts: 🧠
🔹must pass a Quorum proposal vote
🔹launched via an IPO
🔹creation & usage triggers burn mechanism (‼️)
🔹shareholders earn passive income from contract fees
🔹40 M+ TPS (‼️)
Oracle Machines: 📆
🔹bridge between the blockchain and outside world
🔹provide real-world data to smart contracts (‼️)
🔹stock prices, sports scores, sensor readings, ...
🔹gives Aigarth ability to observe the outer world
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AI Aigarth: 🤖
This arguably the final goal of Qubic. The whole network is setup to achieve the goal of getting enough processing power for it.
But what is Aigarth?
🔹AI-software running on top of Qubic
🔹gets information from 500k+ Qubic AI miners
🔹which create billions of artificial neural networks (‼️)
🔹open source true AI
🔹available for everyone
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Potential Use Cases: 🦾
The Qubic network could lead to an improvement or straight up revolution in many sectors.
Finance: 📈
🔹streamline cross-border payments
🔹automate trading
🔹improve fraud detection
Gaming: 🎮
🔹ensure transparent and secure game logic execution
Healthcare: 🚑
🔹secure sharing of patient data
🔹real-time health condition monitoring
🔹automated insurance claim processing
Real Estate: 🏬
🔹automated & secure property transactions
🔹rental agreements
🔹mortgage approvals
Supply Chain: 📦
🔹real-time tracking and verification of goods
Voting Systems: 🗳️
🔹secure, transparent platform for electronic voting
🔹ensuring election integrity and accuracy
Agriculture: 🌽
🔹monitor crop conditions and market prices in real-time
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Competitors: 🥊
🔹OpenAI: $80 B valuation ➡️ 160x for Qubic
🔹NEAR Protocol: $9 B market cap ➡️ 18x for Qubic
🔹The Graph: $2.9 B market cap ➡️ 5.8x for Qubic
🔹Bittensor: $2.7 B market cap ➡️ 5.4x for Qubic
Obviously, none of these are direct competitors to Qubic, as it has far broader usecases and a more revolutionary vision, but it still goes to show how much room there is to grow.
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Important Links: ♾
🔹website: https://t.co/hJyBvkSKux
🔹github: https://t.co/xdkF5yHogX
🔹reddit: https://t.co/Z8XloxRoEX
🔹telegram: https://t.co/ZihxZ7aatb
🔹youtube: https://t.co/hgAOArL5eM
🔹docs: https://t.co/Rc7hNdLYQS
🔹explorer: https://t.co/MEt0bxYpWH
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Other chads creating content around Qubic: 🗿
🔹 @platacrypto
🔹 @BraverCrypto
🔹 @BigBrainWisdom
🔹 @tombheads
🔹 @jollygreenmoney
🔹 @CryptoReviewing
🔹 @jkrdoc
🔹 @ourcryptotalk
🔹 @altcoinist
🔹 @CryptoRRR_
🔹 @wauwda
🔹 @Lovrincrypto
🔹 @phoenix_gems47
🔹 @AltcoinMiyagi
🔹 @Qsilver97
🔹 @Natoworlds
🔹 @SisuReborn
🔹 @themarcojo
🔹 @AzeroPapi
🔹 @_cibuQ_
🔹 @YorichiiCrypto
🔹 @The_Crypto_Zi
🔹 @CryptArchitect_
🔹 @i_am_jackis
🔹 @CryptoKaduna
🔹 @el_crypto_prof
🔹 @DreadBong0
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Personal Summary Statement: 🗣️
When I first discovered Qubic, I only gave it minimal attention, like looking at tokenomics (which looked bad to me at first sight) and ignored it.
What further drove me away from the project at first was the founder CFB, which I had a very split opinion towards, mostly not liking how he conducts himself regarding his own & other projects.
Then the price mega pumped for the first time and suddenly the tech looked amazing to me.
Jokes aside, I missed the first pump but it led me to give it a deeper look. And I very much liked what I saw.
The technology is truly novel and revolutionary, a rare thing in todays market and the track record of CFB is simply too good to ignore, no matter your personal opinion on him.
I set my buy order and waited.
But price turned around before my buy order was hit and I missed the big pump to over $1B (again).
So when the next correction started (current), I decided to DCA my way down from $0.000007.
Now I am glad to finally have a position in Qubic and call it one of my top convictions for the bullrun.
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This post/artwork took more hours than I'd like to admit, so feel free to support and spread the word, this project deserves all the attention 🫡
Also follow if you like what you see, I plan to do these for all the projects I like ❤️
mikro out ✌️
Only looking to buy dips on AI projects and premium memes this bullrun. Too many coins and it's easy to loose focus.
Grateful that I still have some dry powder. Finally learnt a thing or two from the previous bullrun. Hallelujah