Quilibrium.
These past few weeks, it's been called *the new* $TAO, $QUBIC, or $SMH, but what exactly is Quilibrium, and what does the future hold for the $QUIL token? Let's go through a project overview and navigate the price speculation area.
About the project:
Quilibrium is a decentralized internet layer protocol that offers the convenience of cloud services without compromising privacy or scalability. Its roots and vision are deeply ingrained in cyberpunk and freedom ideals. Quilibrium addresses some of the most significant cryptographic and scalability issues that today's blockchains face. In essence, the Quilibrium network's goal is to secure and decentralize the internet, making it private. It's not just a competitor to $ICP or AWS; it's something with far greater possibilities and objectives.
Quilibrium takes a novel approach to innovation by using an operating system for distributed networks. This enables new ways to build decentralized applications and potentially new use cases that were previously impossible. Sharded Hypergraphs are utilized to distribute both storage and computations across the network, ensuring true data privacy with oblivious hypergraphs for data storage and retrieval. No instance knows which data is being delivered, what the data contains, or who requested it.
Essentially, this approach to building an operating system is about creating a private, uncensored web-like structure of data and resources to manage and operate a computer's functions. This makes it easier to develop decentralized applications that can operate efficiently in this interconnected environment.
Projects built on Quilibrium can leverage the unique features of a decentralized operating system, including its file system, scheduler, communication, and key management. This simplifies the development of decentralized applications in a more intuitive way than traditional distributed networks. Thus, the Quilibrium network has the potential to become a hub for uncensored, open and decentralized projects.
Quilibrium TL;DR: Tor hidden services + AWS + E2EE + Cryptocurrency = a decentralized, private, fast, permissionless, open-source, encrypted Internet revolution.
A bunch of additional facts:
- Quilibrium's founder is Cassie Heart, an ex-senior staff engineer at Coinbase and engineer at Farcaster.
- It's a decentralized peer-to-peer MPC platform as a service (competitors are launching with high market caps and plenty of VC backing).
- Quilibrium has already formed a strong community, supported by many $TAO OGs.
- There is significant real-world utility for the network, and projects have already started building on Quilibrium.
Let's take a look at the $QUIL tokenomics:
The $QUIL token is a fully fair-launched token with no pre-sales, seed rounds, or insider allocations. There are 561 million tokens in circulation. With a current price of $0.37 per token, the market cap is floating around $200 million. An estimated 50 million tokens have been lost due to unclaimed vouchers and lost keys.
Emissions are tied to proof of meaningful work, which combines proofs of data availability and execution. The issuance rate is not fixed; it scales with the overall supply/demand for compute/storage, and this curve is relative to the overall data shards in the network.
Tokens are burned as part of execution and storage rent, with costs directly proportional to the number of logical gates used in fulfilling the interaction. Below, you can see an $QUIL emission curve graph. The expected supply is set to hit 1 billion by early 2025 and up to 2 billion by 2034.
Price speculation:
I'm very bullish on Quilibrium. It has all the makings of a successful, flagship project in the field: cutting-edge technology, strong ideals, a robust community, adaptable tokenomics, a higly scalable network, a fair launch, and a brilliant developer.
Since its launch, the price action has been nothing short of amazing, and I believe $QUIL has the potential for a vertical run continuing for months like $KAS. However, I anticipate a range where node farmers and whales may exit their long-held positions to cover costs and take some profits, likely around the $1 level.
Overall, for this cycle, a $5 price target seems very attainable. If the bull run hype doesn't fade, I see it going well beyond that.
I truly believe that, as Cassie said, "Quilibrium will serve as the fabric that connects all computers together on the Internet, so that users will never have to sacrifice security or privacy again." Long live the internet!
Quilibrium chads and community members: @BassManTV@goinggddark@TensorDetective @EyeofCyber @petejcrypto @narcoprimates @VatanMin @badenglishtea@tombheads@Howling__Husky@CryptoSGiants@10_FORTYONE@0xFitz@Mennodeg @QuilibriumHub @AltPartisan@altcoinist@ALofurno_@0xKant_@Smartecio@jkrdoc and others 🫡
"If you don't buy $QUIL now at a $200M market cap, you'll end up buying at a $1B market cap. And if you miss out then, you might end up buying at a $10B market cap."
100% agree. This is the kind of flagship project people wait years for
Higher the price, greater the fomo
Ukrainische Kämpfer verscharren ihre gefallenen Kameraden klammheimlich irgendwo im Wald.
Es gibt 2 mögliche Gründe dafür.
Grund 1: man erklärt die Toten als für immer vermisst und der Mafiastaat spart sich die 15 Mio Grivna Entschädigung für die Hinterbliebenen.
Grund 2: man erklärt sie noch ne Weile lang für lebendig, und die Einheit kassiert noch ne Weile deren Sold. Später ist immernoch Grund 1 möglich.
Alltag im Land 404.
#Ukrainekrieg
Ukrainische Kämpfer verscharren ihre gefallenen Kameraden klammheimlich irgendwo im Wald.
Es gibt 2 mögliche Gründe dafür.
Grund 1: man erklärt die Toten als für immer vermisst und der Mafiastaat spart sich die 15 Mio Grivna Entschädigung für die Hinterbliebenen.
Grund 2: man erklärt sie noch ne Weile lang für lebendig, und die Einheit kassiert noch ne Weile deren Sold. Später ist immernoch Grund 1 möglich.
Alltag im Land 404.
#Ukrainekrieg