QuarkChain belongs to the cryptocurrency world that makes life easier for transacting currency from one place to another. It is basically the name of a blockchain technology and it ensures security scalability and decentralization for its proposed service. QKC is the cryptographic utility token that enables the participation of QuarkChain into the ecosystem. It is basically a form of mechanism that obtains access to some specific product line and service. The goal of the QKC token lies in providing a convenient and secure mode of payment by the settlement of the participants while interacting with the QuarkChain Network. It has a business model that improvises the system and gives it a new dimension.
Token Sale
QuarkChain does not enable any pre-sale, therefore, it has only one sale of tokens. QuarChain believes to be fair to their clients, therefore, publishes every relevant detail of it. All the tokens will be sold in two ways one is Public Sale and the other is Private Sale. There will be a total of 10 billion QKC tokens where currently on 2billion tokens will be sold during public and private token sale. In Private sale, there will be $16 million Hard Caps that will be priced 39,416QKC for each ETH including 25% of bonus. 10% of these tokens will release during the first 4 months and 20% will release later in 3 months. Every month it will be available in certain manner line first consecutive months it will be released as 10% and the last 3 months will release 20% of tokens consecutively. On the other hand, there will be $4million of Hard Cap will be released as 1 ETH is similar to 31,533QKC. There will be no lockup for public sale.
Token Distribution
The QKC tokens of QuarkChain will be distributed in a specific manner. This keeps the transparency among the user and the authority. There will be absolutely no lockup for public and private token sale. The 45% of the tokens will be distributed for the mining, community and marketing department. This makes the system to be mining prone to mining future with the help of possible inflation. All lock-ups are programmed into the smart contracts. 15% of the tokens will be allocated for the foundation section and another 15% will be for the team. Lastly, the advisors will get 5% of the tokens reserved. The foundation department, team department, and advisor departments will have 2 years of lockups.
Scopes
QKC is highly governed by all these terms or policies for that make the operating system easy and reasonable for the users. The provision of the constitution of QKC serves the data with an agreement among the parties in connection to some potential users. This is going to provide and receive the service of usage throughout the QuarkChain Network that will be primarily governed by other applicable terms and policies. The team will automatically update their service terms if required by the sole and absolute discretion if necessary. So users should keep their eye on the service website for any such notices.
Some conflicts may arise with the updated terms and policies published, therefore, it will be needed prevailing all the issues with respect to creating relations to the usage of QKC connection within the QuarkChain Network. They promise to reserve all the rights required and related to the personal details will remain secret and they will take all the responsibilities in terms of providing correct details.
Website：https://www.quarkchain.io/
Twitter: https://twitter.com/Quark_Chain
ETH : 0x5dBF88F468cacAD629E648c6226eB32AB2C6A8D8