https://coinmarketcap.com/currencies/qanplatform/
My analysis, not financial advice. You can see this one is down 60% from recent high, so not sharing this after it already took off. This is not TA, and I wouldn't advise even trying TA with this one.
” On top of that, they have ensured evm compatibility, along with a private/hybrid/public design. With the ability to code in any language, this will be an easy choice for business to engage in blockchain solutions. They can start testing a privatenet for next to nothing just like the community devs did. ”
I lead in with the above because people think QANX is all about quantum resistance. It's not- they certainly are prepared for it which you will be seeing all systems start doing this year. So, it won't even be a feature in the longer term, it will be required to survive. But, enough on that.
Here's why I see recent events as very bullish.
Qanplatform has long been seeking to deliver a chain that enables:
– Smart contracts using any coding language
– Signatures that implement post-quantum security
– A royalty feature for reusable code
– Consensus that aimed to improve upon Proof of Stake, which they termed Proof of Randomness
These are all considered IP in that they are protecting them until they build up market share before they will be open source with the mainnet.
They have proven they have a working product that delivers the top 2. In fact, community devs have been hosting their own privatenet where they are demonstrating the capabilities.
On top of that, they have ensured evm compatibility, along with a private/hybrid/public design. With the ability to code in any language, this will be an easy choice for business to engage in blockchain solutions. They can start testing a privatenet for next to nothing just like the community devs did.
With that, the team had a good year, landing nice partnerships and 15M financial backing from MBK. They also updated tokenomics to prepare for a proper mainnet, removing almost half the tokens that were allocated to the team/project work.
So, things were looking really good until they announced their testnet was delayed from previous expectations. Price fell over 60%, and my guess is mostly due to fear the mainnet would not arrive in time to take advantage of bull market/halving.
Well, they now shared they will go to market using Proof of Stake, rather than the improved consensus they planned to use. For anyone paying attention, this is huge news! It tells me this:
– There is an urgency to release the primary product
– There is less risk as they don't have to “prove” the consensus
– There may be other players recommending this approach, or important reasons they need to get going without delay.
They can always improve upon consensus as time goes on, just like btc, eth, and any other chain have done.
I've followed this a long time, and of course am invested. I applaud this news. I've remained an investor primarily because I think they are delivering a product that businesses will be able to engage with quickly, without needing to justify major investments. They really have removed the barriers. And I've seen Johann the CTO in action, from being on stage with NIST and IBM, to navigating difficult times. They seem to bounce back stronger, and that tells me they have a product worth fighting for.
Feel free to google qanplatform roadmap to learn more.
Oh, and there are quite a few things we are waiting on- improved liquidity/more exchanges, updates to various listings reflecting supply (they removed 1/3 of supply by taking almost half of the team allocated tokens. Another major move to prepare for main), showcasing partner use of privatenet, etc. All upside in my eyes. Cheers