2023-11-14 22:00 |
Qubic coin (QUBIC) has exploded onto the crypto scene and generated huge buzz in recent weeks. In just the last 24 hours, the coin price surged 40%, and over the past 30 days it has skyrocketed from $0.0000003 to around $0.00003 currently.
Crypto investor Braver posted on X (Twitter) that QUBIC has become his largest holding, surpassing KAS. He regretted not investing more in QUBIC earlier, saying if he had put in the same amount at $.000771 and $.001 as he did at his average price of $400/billion, he would have reached his goal of financial freedom 2 years sooner.
So how can you get your hands on this hot new crypto? The only exchange currently offering QUBIC trading is SafeTrade. You’ll need to create an account, deposit USDT and then trade for QUBIC on the QUBIC/USDT pair.
Major listings on bigger platforms are expected in the coming months.
But what exactly is QUBIC and what makes it valuable?QUBIC is the utility token that powers the Qubic platform. Qubic refers to these tokens as Qubic Units (QUs), which act as a measurement of computational “energy” spent on executing smart contracts, accessing oracle data, and other actions on the network.
Unlike normal crypto tokens, QUs are burned when used, contributing to a balance between inflation and deflation. Every 7-day epoch produces 1 trillion QUs, mostly allocated to Computors, the backbone nodes of Qubic. The unique tokenomics encourage efficiency – Computors operating suboptimally will see lower yields.
The total supply is capped at 1000 trillion excluding emission coins, and won’t reach that point until at least 2041. At that time, the burn rate may match or exceed the emission rate, plateauing supply growth. However, miner rewards are guaranteed in perpetuity through built-in economic drivers. If supply approached 999 trillion QUs, the network would initiate a 1 trillion QU burn each week to maintain miner incentives.
With its novel tokenomics and parabolic growth, Qubic has captured the attention of the crypto world. As major exchange listings arrive, it seems poised for even greater gains in the months ahead.
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The post Why is QUBIC the Next Microcap Altcoin Primed for a Kaspa-Like Explosion? appeared first on CaptainAltcoin.
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