Bitcoin Forum

Its been a question for all who believes and got late to enter ziliqa token before and now that this Quarkchain has been so many special attributes that they can say can be the same move or more than ziliqa.

It landed on idex and got a good high price there about x9-x10 i think not to be exact. After that kucoin exchange and idex made it better to pull its price up on before binance list this coin. Now that we have seen the price was going down is it going to be like ziliqa anymore or its just a well played plan after listing on binance so many dumpers possibly investors and the dev dump their QKC tokens. What do you think it may go down atleast x3-x5 price or its current Lowest price will sustain for its support and wait for a good accumulation.?

In the meantime, ICO has made a lot of investors. Investing at these levels is risky for me. I will use the possibility of winning more on other projects.

Too much noise that this is a junk (P&D) coin.  Too risky...I will stay away myself.

New ICO this year tend to fall lower than ICO price. At first they increase a lot. So you should be careful. But the price can increase after like ZIL or IHT. Who knows?
If you are lucky, the price can move like thoses coins, else it can move like CHSB for example.

at the moment, only 2% of qkc coins are in circulation. What will happen when at least 10% of the coins are released to the market? -500%. Access to the top exchanges after the ICO seems to me not the best idea

I got into the Lottory and turned a hefty profit. I sold most and only hold about 30% of the ICO stack now. I find it hard to believe this is a good hold for the next 6 months at least due to the massive inflation in the circulating supply every month.

I have considered and felt that there is something unusual for those who own QKC for X15-20 price compared to ICO. In fact, QKC has a total supply of 10,000,000 QKC. That's a huge amount and currently we only offer up to 6%. Leaving money and owning QKC ​​is a bad decision because it is likely that the value will decrease in the future.

Quarkchain was the hottest ICO in last month so a big jump after ICO was expected. Most of its supply held by team and others is locked up for next year or two so that should help keep its price high.

the problem about this cases just , we know , Quark currently only 3.61% of the total supply of QKC tokens in circulation.
so that mean , about next month,more token will be added to the circulation supply.
and , i worried about the price, still strong or what.

I think this is kind of speculation if only about 4% in total supply. I think team try to sell on high and that's why we saw so low volume now.
Price went down from 0.32 $ to 0.18$ just for one day.

This is crazy, I read somewhere yesterday that ifone invested into the public sale that the value is now 26Ethers, I don't know who is manipulating the price but this is a one of, for sure the price will level out soon and all these price speculators will leave the space

Rumor has it (from various source too) that Binance hold most of the coins and is manipulating the price. 

the point of this problem,just sell i think
the graph tell me is really manipulated inside
or, if u have a brave, u can join on rally quick money,lose money.
https://cdn.pbrd.co/images/HoG0JW9.jpg

I was an ICO investor and sold my 43.7k QKC for 1.5 BTC on kucoin.  :)
But I believe in this project and will buy back later again in lower price.

yes i also think about it.
but , i think whales dont want it happened,
or just for a short time,
btw,congrat for your trade.

*Do your own research*

I've spotted a bullish pennant on 5-min chart of QKC (I never use 5-min chart but right now, QKC has a hell lot of volume so it should work out fine).

QKC right now:

https://i.imgur.com/6jpI3nb.png

How a bullish pennant usually works out:

https://i.imgur.com/e0rBQxS.png

alot of fud with coin going around, "private sale" sold most of the coins, well a tiny small percentage was available for ico, some big sell orders have gone through meaning private investors are dumping making a ton, alot of hype around this coin but i can see the price correcting for some tmie before it goes back up.

It will dump below 0,05$

Normally, adding more coins to the the supply in actual circulation will drop the price for a time after being increasing again. With a few supply, yes! reaching top exchanges can't be considered as a good idea but may be advisors have another plan to overpass the situation.

That's only a short term hype coin. Zilliqa has done more than 30x from the ico price after it being listed on the major exchange site just like binance and remember it's not paying a lot of money to the binance to listed zilliqa instantly. Qkc is a shitcoin and zilliqa is a very good coin that used sharding protocol.

Yes totally agree with you. Zilliqa has great idea and very professional team. They did not want to manipulate with their coin. It was happen because a lot of people saw a potential of this coin and QKC did hype in purpose. They want to manipulate with price, they don't have proper idea, this is "no name" team that did a good job with manipulation. This project(QKC) it's just for make money, nothing more.

You should remember facts that Ziliqa`s supply was 50% (after ICO) but QuarkChain has only 4% now. Every month, QKC will be unlocking +4%, this means that price will be dropped with high probability.

For now, this is too risky to enter at this price. Any time it is posible to get dump by the investors because of this x10 from the ico price. 3.6% of the total supply is in circulating now, right? And every month it will increase the supply. I saw dump and dump in the coming month.

Thank you for your insight, honestly i like the quarkchain project however it pissed me off when this happens that they are so much greedy and this comes through the observations of other traders.


Yes i know it i will watch every month what will happen on the price after unlocking it.

This is how the circulating supply is going to increase in upcoming months:

http://pbs.twimg.com/media/De3b221UEAEg97J.jpg

It's going to increase too much, no doubt about that, however, do you really think that the fear of 4th July dump will keep it down this whole June? I don't think that's going to happen. Right now, there's no dumping power, all those who participated in public ICO have already dumped their coins, while next batch of coins will be unlocked "after 4th July", that fear of 4th July is not going to keep the price down for more than a month.

Let's see where it goes, I'm expecting an upward movement now:

http://pbs.twimg.com/media/DfFZ2SjXUAEl9CN.jpg

hype is never the same as potential, while qc is good, many other coins out there far surpass it, thus, its low price may not be come like ziliqa

Thanks for this, I am also watching for the breakout after this 1 days dumping and it will not always dumping for the whole time i am more thinking that just like other coins now which had a slow movement because of bitcoins. Well, let's see if this trend will lead in an uptrend movement.

You have a good trading skills and analytical when it come to making a plot of this trades. That's great thanks for sharing your thoughts.

Is there any truth in the rumors that they don't really have innovate anything but just have copied zilliqa's technology and came up with a ico full of hype ? Which would you prefer out of the two ?

I have neither of them but ZIL is next in my buy list.  Better yet just buy ONT.  LOL  ;)

-No one has copied anyone.
-Both will remain competitors, with TPS being each other's main focus.
-100000+ TPS is Quarkchain's aim, if they actually succeed in securing that number of TPS, it'll be a huge success.

I've made around 80-90% returns trading this coin since KuCoin listed it, it's slowed down now but still swinging a bit, I would be very careful prior to their next coin dump, here's a link:
https://support.binance.com/hc/en-us/articles/360004471832-Binance-To-Open-Trading-For-QuarkChain-QKC-and-Risk-Warning

4th of July the circulating supply will go from 360 million to 770 million, I can see a lot of traders riding the wave then dumping before this date.

My biggest regret is losing lottery to take part in this ICO. But i don't like this marketing move with instant listings and the situation with supply. All together it makes me think the team is more concetrated on making easy money by market manipulations than on hard working on the project.

Quarkchain is being compared to Ziliqa, but not in a positive way and more as a warning flag. QKC seems to have copied sharding from Ziliqa after the latter's tremendous success,

and some people already consider it as a possible scam by an unknown team because they listed on multiple exchanges on very low supply of their coin, in a probable attempt

to pump up the prices fast to then offload the remaining coins at exponentially greater value than ICO prices... So be careful about QKC until the team prove themselves as

strong professionals and start to deliver on their outlandish promises (especially regarding the astronomical number of transactions / second)

I'm very tired to see more and more copycat without any innovative idea. i could agree with one of team from the binance exchange if there is a lot of overvalued coin right now. These copy cat should not worth a lot consider it's only copy and paster another existing project with only a little improvement.

There is still a long time tokens will be unlocked and we do not have to fear at this moment because this project is developing very well. I think this is the first project that makes all the investors feel the most tired because they have to participate in many contests can invest in this project. I believe Quark will soon raise the price high before the big adjustment in July

This is a type of fraud with pumps and landfills, which should regulate the regulators. 96.4257% belongs to the founders and the team purse? Just unbelieveble .....

wow They raised 6900 ETH equivalent to $ 4 million. At the beginning they sold 3.6% of the total token they had ICO, they gradually increased statues over time. I think they create the volume with the money raised from the ICO and sell their tokens. It's a perfect business. Their strength is to sell tokens to the market continuously. I am currently tracking the project and have no intention of purchasing QKC. I do not see the value of the project when they only just ICO a few days ago.

actually i am not call ZIL it's same like QKC,
because i really know, ZIL is really future project with target.
"Zilliqa aims to rival traditional centralised payment methods such as VISA and MasterCard."
btw, what reason behind QKC just spend little by little coin to the circulation.
anyone know ?

It's a little bit shady here with QKC about spending only little supply for circulation (following the ZIL example) but some observations might be also noted:
- Reserving only 5-20% for crowdsale can be considered as a red flag as ICOs always sold the majority of token and the remaining supply could be burned or frozen for a specific time (confirmed by the smart-contract code).
- Then creating massive initial liquidity on Binance (https://www.binance.com/) after paying 5$ millions to be listed so it's going surely to pump the price (another red flag that those conditions can't determine the real price compared with circulating supply and ICO price) and this warning alert from Binance (https://www.binance.com/) can clear the situation: https://support.binance.com/hc/en-us/articles/360004471832-Binance-To-Open-Trading-For-QuarkChain-QKC-and-Risk-Warning

- QKC only sold 20% with 16% locked up; this means that only 4% of the supply is currently on circulation. So after being listed in major exchanges, Who will sold tokens for Buyers. May be not the team  ???
- Following the Zilliqua original approach means effectively that the project still doesn't have a clear business-model besides the roadmap.

Either it's a new strategie that can succeed (don't know axactly how) or we are facing a great lack in the commun known regulations for ICOs including govenamental ones.

This steem article (https://steemit.com/quarkchain/@cryptomedics/the-curious-case-of-quarkchain) explains well the situation.

Thanks for the interesting Steem article BitProNews, QKC and similar esoteric Asian ICO's certainly merit deeper scrutiny.

One thing I can almost guarantee is that 5 million USD price to get listed on Binance is also waived or negotiated conditionally for these guys. CZ is not exactly the most ethical

player on the market either, his and his cronies' comically biased overhyped propaganda of Binance paints an unrealistic picture as well...

The whole deal with QKC circulating supply and Binance listing has me turned off on Binance. I'm no stranger to the underbelly of the decentralization, but this is classic greed at play - the kind of greed that topples empires. When regulators finally step in, this will be remembered as that moment it all changed

Well, it went up by more than x15 during the first day of Listing on binance, so i think that it has been already moved a lot like Zilliqa, i do not understand why it has been pumped so hard.

By the way, I also do not understand the position of the exchange Binance, they really did not know that such a pump would be? If you do not know that somehow strange turns out. After all, it seems before listing on Binance you need to go through serious verification and just like that you can not conduct a listing on Binance. If the Binance really knew it would be a pump, it turns out they, too, were involved and supporting such pump. It's bad for such a serious exchange. But now, they may make a profit, but in the future will cease to perceive Binance seriously.

I see that quarkchain and zil are very hype project where almost all investors want to invest tgere when their ICO still running but when I sell that it is already listed in binance and I think almost 14x from the ico price after that quarkchain now are crushing slowly.

The problem with QKC goes like this:
They did a tiny ICO holding most of the supply themselves.
They payed exchanges stupid money to get listed instantly, it's rumoured they payed Binance over 5 million dollars
They are releasing something like 3% of the huge supply each month, by December if the price can hold over 20 cents they've made over 500 million dollars
Why the fuck does such a small team need that type of money? does this look like a balance of a job and improving blockchain or 2 guys trying to get wealthy quick?
I took advantage of the hype but going forward I won't hold a cent of this coin, even if they deliver the fact they think their work is worth that much and the fact they took such an obvious approach sums it up for me, 30 million raised in an ICO is once in a lifetime for most people, it's link winning the lotto, I hope it crashes to 1 cent so they learn a lesson.

And yes Binance should know better, this is very clear bs even if it's not a scam, Binance make a lot more money than 5 million in a year and they've just sold out to this garbage.

I am not saying this is a scam, just very unethical and it's lost the volume required to support price increases with these monthly 3% dumps, I wouldn't invest long term on this.

it is not the same as zilliqa, you can not compare it with it because there are a lot of differences, also, quarkchain is now going down and it is not as bullish as it was at the beggining, a lot of people sold

I like the project guarchain and he showed a good profit, many dissatisfied with this story with binance, but I think this was the right decision. Those who were expecting more growth after going on the binance were distressed and now shout about it everywhere.

A good response by Quarkchain team on all the queries & allegations --- must check it out:

https://steemit.com/technology/@quarkchain/response-to-the-article-quarkchain-red-flags-we-know-something-you-don-t-know

Most interesting part:


Response:

I feel something is not normal for QKC with a total supply of 10000000, too terrible. I think investing is risky and not investing in this.