QuarkChain trading starts on Binance in <2 hours

[kurlllviss77]

I'm studying the project carefully. It looks very interesting and I plan to buy in the near future.

[AndrewJulians]

u/XRballer on Reddit

Quote
Quark is trash.

There is a new Chinese ICO hustle. Instead of having a regular ICO where 60-70% of the coin is sold in ICO/Presale and somewhat widely distributed these coins just have small little ICOs where they sell 5-20%. They then instantly spend 5 million on a Binance listing with the ICO proceeds. This allows them to generate hype and boost the price of the coin rapidly while also creating massive initial liquidity on Binance. Once the coin lists on Binance the devs can unload their supply at 10x what they would have sold for at ICO. Done this way the team can make double the money while only selling half of the coins versus just holding a regular ICO. Plus they get the additional exposure benefits, etc. of Binance. Most respectable ICOs in the past wouldn't feel right in spending so much money on an exchange listing but now we see it is a savy and cutthroat business decision. IOTEX literally just pulled this exact same move (and look at the post listing dump as the IOTEX team continually dumped the price back under 600 sats)

In QuarkChain's case they only sold 20% with 16% locked up. That means only 4% of the supply is currently on the market. Yet they are simultaneously listing on many exchanges including Binance. Binance even had to delay listing because of this. Who do you think is going to be selling and providing liquidity once Binance opens up? Of course it will be the QKC team themselves selling most of the tokens. This initial supply constriction also makes it much easier to boost the price of their coin (I mean the devs are literally buying their own coins on IDEX pumping this to the sky) both naturally and through manipulation - look at what happened with Bytecoin and that absurd pump when a small part of the supply was isolated for trading.

QCK is a noname team of Chinese opportunists who saw Zilliqa had a great idea and they blatantly ripped them off while adding exaggerations and embellishments to their white paper (1,000,000 TPS guys!!! but our testnet is only 5 nodes and does 2k TPS). IOTEX is kinda shady but you are FAR BETTER OFF buying IOTEX than this Quarkchain scam.

You have been warned. Anyone telling you otherwise has tiny ICO bags and wants to dump them for max (just look at their telegram and all the people celebrating the money they are about to make dumping on Binance with the devs - noone is thrilled about holding this long term and seeing what happens).

This is the newest ICO hustle

If you are right it's the best cheat in front of 80k persons

[morgan4140]

I congratulate all participants of the ICO of this project. This is an absolute record. Each of the participants won the lottery in the amount of 15 thousand dollars.

[kryptqnick]

https://support.binance.com/hc/en-us/articles/360004451332

If you don't know about this coin do some research, possibly the biggest coin of the year with serious hype, only a small portion got in to the ICO, 80k members on telegram, watch it moon, I don't own any but I've sold up some coins and will be buying for a quick return.

This project doesn't have anything apart from the transaction speed and perhaps some opportunities for sole miners. I don't think that's enough for a project to succeed nowadays, because while transactions might be a big problem in the future, for now you can even go with btc and have your transaction confirmed in about 15 minutes for 20 cents. Not to mention other strong projects with cheap and fast transactions like doge, eth, ltc etc. I am glad if those who invested already got rich, but I wouldn't hold this one long-term.

[kulakvlad]

I think that the project has a very large growth potential, especially given the listing on binance, which will be today.

[smic]

It is important to remember that only 3% are traded on the market. 3% will be released every month.

[tycsols]

I have heard that binance listing has suspended for now and it will list later on binance but this news has really pumped the price of quarkchain tokens that were already trading at idex, the price has been increased 10 fold so the holders have earned huge profit from this in a day, i think this is the biggest pump in a day recently.

[housebtc]

11X for the ICO investors this is a great return in a bear market, the team must be doing a good job pumping the price, I don't think it is the real demand, I will rather let this hype get down and buy the deep, this is a normal thing in the space,

[Blowon]

damn I missed buying this token! this is what makes QuarChain to be the top 1 trading volume in IDEX. very lucky investors who bought QKC token when ICO first.
i'm really unexpected can be listed on the binance exchange!

[ItsZeroLimit]

https://support.binance.com/hc/en-us/articles/360004451332

If you don't know about this coin do some research, possibly the biggest coin of the year with serious hype, only a small portion got in to the ICO, 80k members on telegram, watch it moon, I don't own any but I've sold up some coins and will be buying for a quick return.

Sounds great, it's really perspective project. Besides it gave 3-4 x's after listing at IDEX. For me ot is very good investment, thank you for that information, Binance can give him new live.

[c15]

It is important to remember that only 3% are traded on the market. 3% will be released every month.

will this bring the price down? as more coins are released

[preshpr1nce]

To call this an ICO scam because they release 20% of the tokens with a slow release plan is quick to jump to conclusions, they are also not the first to take a similar approach, BOSCoin has done something similar with it's release model.

They will not be dumping their supply on exchanges, rather releasing a % as time goes on, they will make more money in doing this but if demand is met it won't impact price.

You can look up the 2 main developers on linkedin to see they've worked at facebook in the "real time infrastructure" team which relates to the scaling system, also google experience too.

#1 volume on KuCoin and the price is still increasing.

The reason a coin like this hits the exchanges so quick with ease is simple, go find me another with a community this large, they also have a working product to demonstrate which is why the ICO ratings were so high.

[asriloni]

u/XRballer on Reddit

Quote
Quark is trash.

There is a new Chinese ICO hustle. Instead of having a regular ICO where 60-70% of the coin is sold in ICO/Presale and somewhat widely distributed these coins just have small little ICOs where they sell 5-20%. They then instantly spend 5 million on a Binance listing with the ICO proceeds. This allows them to generate hype and boost the price of the coin rapidly while also creating massive initial liquidity on Binance. Once the coin lists on Binance the devs can unload their supply at 10x what they would have sold for at ICO. Done this way the team can make double the money while only selling half of the coins versus just holding a regular ICO. Plus they get the additional exposure benefits, etc. of Binance. Most respectable ICOs in the past wouldn't feel right in spending so much money on an exchange listing but now we see it is a savy and cutthroat business decision. IOTEX literally just pulled this exact same move (and look at the post listing dump as the IOTEX team continually dumped the price back under 600 sats)

In QuarkChain's case they only sold 20% with 16% locked up. That means only 4% of the supply is currently on the market. Yet they are simultaneously listing on many exchanges including Binance. Binance even had to delay listing because of this. Who do you think is going to be selling and providing liquidity once Binance opens up? Of course it will be the QKC team themselves selling most of the tokens. This initial supply constriction also makes it much easier to boost the price of their coin (I mean the devs are literally buying their own coins on IDEX pumping this to the sky) both naturally and through manipulation - look at what happened with Bytecoin and that absurd pump when a small part of the supply was isolated for trading.

QCK is a noname team of Chinese opportunists who saw Zilliqa had a great idea and they blatantly ripped them off while adding exaggerations and embellishments to their white paper (1,000,000 TPS guys!!! but our testnet is only 5 nodes and does 2k TPS). IOTEX is kinda shady but you are FAR BETTER OFF buying IOTEX than this Quarkchain scam.

You have been warned. Anyone telling you otherwise has tiny ICO bags and wants to dump them for max (just look at their telegram and all the people celebrating the money they are about to make dumping on Binance with the devs - noone is thrilled about holding this long term and seeing what happens).

This is the newest ICO hustle

I see that and this is why there will be a lot of people will be getting trapped. Quark is a bullshit coin. That makes me surprised to see that the QKY has paid 5 million dollars to be listed on the binance. 5 nodes with 2k TPS and I smell a bullshit. CS can do even better than it.

[wack slacker]

I can not believe a new ICO project the day before, the next day they have officially listed on the big exchanges like Kucoin, Binance. They were able to sell their property within 48 hours. That is a great luck. Great.

[preshpr1nce]

I see that and this is why there will be a lot of people will be getting trapped. Quark is a bullshit coin. That makes me surprised to see that the QKY has paid 5 million dollars to be listed on the binance. 5 nodes with 2k TPS and I smell a bullshit. CS can do even better than it.

I'm not too bothered by them paying to be honest, it does more for marketing by listing on Binance than almost anything else out there, it opens it up to high volume with over 50k upset people who missed the ICO, it's either a very good move for investors or something more fearful.

I'm up 70% from yesterday, watching it like a hawk too, if it changes direction I'll be fine, my gut says it'll go to 50 cents before a turn, it's at 33 cents currently.

You either take the risks in a bear market or keep playing with your top 20 coins that are going no where in a hurry.
This coin is going to be either the biggest flop of the year or the biggest project of the year, we shall see.

[fourpiece]

Every coin that was being listed on binance thier price goes up on the listing day and will last for a day. You should sell them while the price is good before the price goes down immediately on the second day,thats what i see on every coin that was being listed.

[preshpr1nce]

That was a fun ride while it lasted, I made some pretty nice returns, seen some indicators peaking so sold in the 4600 range, now she's back to low 3000s, I was never going to leave this one just sitting with the way it was going, I kept a strong eye on it.

On another note, he's some information about their market cap on Binance, and a nice little warning:
https://support.binance.com/hc/en-us/articles/360004471832-Binance-To-Open-Trading-For-QuarkChain-QKC-and-Risk-Warning

Quite different, surprised how low the current circulating supply is, I wouldn't call this a scam though, but also not the best idea.
Lets look at this:
4 Jun, 2018
360,888,888

4 Jul, 2018
770,500,000

$102,402,778 worth at 25 cents.

Even with a 24hr supply of 1,076 BTC during it's hype period, that's only $8,070,000

Will be quite interesting to see how this plays out, these bastards are going to make a killing if the hype holds up, probably walk away billionaires

[onetwostep]

Investors have made a lot of money, we can see that it is a great chance when we look at the price of ico and the current price. We do not see projects that have made such good money in recent times, they have done a great job in the bear market

[preshpr1nce]

Listed on Binance for those interested, 3rd highest volume and closing in on the #2 spot with 8,000 BTC
Not sure where it could go from here, be quite a few holders with the big dump earlier

[AUruHM]

That was a fun ride while it lasted, I made some pretty nice returns, seen some indicators peaking so sold in the 4600 range, now she's back to low 3000s, I was never going to leave this one just sitting with the way it was going, I kept a strong eye on it.

On another note, he's some information about their market cap on Binance, and a nice little warning:
https://support.binance.com/hc/en-us/articles/360004471832-Binance-To-Open-Trading-For-QuarkChain-QKC-and-Risk-Warning

Quite different, surprised how low the current circulating supply is, I wouldn't call this a scam though, but also not the best idea.
Lets look at this:
4 Jun, 2018
360,888,888

4 Jul, 2018
770,500,000

$102,402,778 worth at 25 cents.

Even with a 24hr supply of 1,076 BTC during it's hype period, that's only $8,070,000

Will be quite interesting to see how this plays out, these bastards are going to make a killing if the hype holds up, probably walk away billionaires

Circulation supply is very low. That's why price manipulation is so strong. As I read somewhere Binance has near half of all QKC tokens. And are you wait that trading will be fair? I don't sure on this