QuarkChain News

Hello everyone, we created the post to collect questions for our weekly AMA in telegram channel (https://t.me/quarkchainio).

We are happy to answer any questions related to QuarkChain!

Hello everyone, thanks to the community's suggestion, we created the post to collect questions for our weekly AMA in telegram channel (https://t.me/quarkchainio).

We are happy to answer any questions related to QuarkChain!

Hey everyone, I have read an interest post of how to use QKC to do investment in a Chinese forum. I think someone may be interested in this.

[Note:This article is originally on https://www.jianshu.com/p/ed5c9bbb5fa2]

Nowadays, the blockchain industry has changed rapidly: In addition to the mainnet of different public chains having been launched in succession, a number of new demand-oriented applications are also on trial run.

Here, I'd like to introduce an interesting product: LendChain, a partner of the QuarkChain. As is known to all, Financing is a large area, and there are lots of needs emerging every day. With the maturity of blockchain technology, some successful examples and services in the e-commerce field can be shifted to the field of blockchain, which is called "Touch Chain Innovation". LendChain is clearly one of the forerunners, and they're developing fast. Now their blockchain-based financial products have been launched, and more will come later.

https://i.redd.it/mxs6f41lmqg11.png

When you download the LendChain App or scan the QR code to open their H5 page, you can see two main columns at the bottom of the page: one is Financing, and the other one is Lending.

https://i.redd.it/x5kljjf3nqg11.png

Unlike putting your spare money into banks and earning interest, there has been no sense of bank and interest in the Cryptocurrency world right now, which is the situation LendChain wants to change. According to its financing models, you will get a 12% - 18% annual return if you put your spare money (even including BTC). This is a very competitive income compared to the one-year fixed deposit offered by banks.

At present, QKC has been opened to borrow ETH. There are many reasons to borrow money in cryptocurrencies, but one of them could be that investors have purchased QKC and are very confident that QKC will grow up in the long-term, but they may find some better investment targets in a short-term. Generally, people have nothing to do because their ETH is "fixed" inside QKC. But with LendChain, this situation may change. Here I'd like to show you how to mortgage with QKC.

You can see this form when you end the lending section.

https://i.redd.it/inahkgd5nqg11.png

QKC can be selected inside the mortgage currency column, and then fill other information based on your individual needs.

https://i.redd.it/cb0y4yc6nqg11.png

Giving one example: I am going to mortgage 100QKC for ETH with interest rate of 0.03% / day. Because this is a mortgage loan, I need to lock half of the QKC. According to QKC/ETH trading price, 0.00646658ETH can be released.

https://i.redd.it/oncjo4g7nqg11.png

Another example: I'm going to mortgage 20,000 QKC for USDT with a rate of 0.05% / day (yes, there's both Chinese or English interface, no language barriers), then I still need to mortgage half of the QKC on the platform. A popular trading price of QKC / USDT, 10,000 QKC to 523.79 USDT, will automatically be applied. I need these USDTs for 90 days (the longest time allowed by the platform), and the interest is 23.57USDT.

After completing the required information and submitting the form, your post for borrowing requirements will appear on the Finance page. Readers may notice that the interest is adjustable, which is right because this is a P2P business and borrowers can encourage others to lend by setting higher interest rates.

Of course, You should pay attention to the risk if you borrow USDT: If the price of QKC/USDT falls dramatically, the platform will terminate the loan contract and transfer your QKC to creditors.

Like other financial services, this platform only charges a little fee. Later LendChain will also open QKC-based financial services and even provide some incentives for QKC holders.

As many of you already know, there is a weekly AMA (ask me anything) on Telegram/Wechat group every Saturday, from 7–8 PM PST. This is the summary for AMA of last week. We are always happy to take feedback and answer your questions.

1. Q: How was the event in Silicon Valley? What prospects will this presentation give to the project? What were the goals of the project, in Silicon Valley? Partnership, or something else?
   A: It was very successful. You can check it at https://www.pscp.tv/w/1yNGaXPkeMRKj. Our goal was mainly to reach out to more engineers interested in blockchain technologies. The audiences were really into technical details and asked a lot of deep technical questions regarding QuarkChain. We delivered a brief introduction of QuarkChain, and then gave a demo of our project. Besides, our CEO, Qi Zhou was invited by two different engineering groups to deliver lectures of scalability for Silicon Valley engineers near the end this month or early next month.
2. Q: Has QuarkChain thought about any specific strategy such as incentive programs to siphon Ethereum dApp developers, encouraging them to migrate to QuarkChain?
   A: Firstly, we have already open sourced the client library recently which has been adopted by several teams in Blockchain Awakens Hackathon last week. The library provides similar interfaces as web3.js (the Ethereum client library) so that it is easy for the existing Ethereum dApp developers to start building Apps on QuarkChain. The library is pretty stable right now. Besides, there will also be other different incentives in terms of both technologies (scalability & usability) and promotions.

1. Q: In terms of mining, will you need to hold the stacks or just mine through the software?
   A: Since our current consensus is PoW, we only need to mine through the software. However, we also support collaborative mining. The root chain mining may need stakes, but miners are free to mine every shard. In addition, each shard may have different mining hash algorithms such as Ethash, SHA2, CryptoNight, and we may need our community members to determine the percentage later on.

FYI:

1. Thanks for the suggestion from community members, we will start a new post in our official Reddit account (https://www.reddit.com/r/quarkchainio/) to collect community members’ questions before each AMA. Feel free to post your questions and suggestions there.
2. We opened our official Facebook account now! Welcome to post there, give us feedback and ask us questions at https://www.facebook.com/quarkchain/!

Thank you for reading our AMA Summary this week! The QuarkChain community appreciates your support!

Website
https://www.quarkchain.io
Telegram
https://t.me/quarkchainio
Twitter
https://twitter.com/Quark_Chain
Steemit
https://steemit.com/@quarkchain
Medium
https://medium.com/quarkchain-official
Reddit
https://www.reddit.com/r/quarkchainio/
Facebook
https://www.facebook.com/quarkchain/
Weibo
https://weibo.com/QuarkChain

HI,

Could you please describe be more details about so many partnerships you quoted during last period. What such partnerships mean? Shall new partner use QKC mainnet? Are you cooperating on what exactly direction? Please give us several cases for example with Ankr and Scidex. Thanks in advance.

QKC had an impressive debut on Binance. However, QKC has plunged more than 11x since then. Not sure what is happening but if the price just keep going down like this, it will be not good for Quarkchain in booth attracting new investors as well as establishing new partnerships. As I observed last two months, I think there is a whale manipulating and controlling the price. He is playing pump and dump on QKC and never let the price going up. Market bullish, QKC increased a little bit or stay the same. Market bearish, QKC is the one which dumped hardest on CMC. They only like swing trade on QKC. There is a conspiracy theory out there saying that the whale is also the team who is dumping their tokens to ICO price or below to attract new buyers. My opinion is that maybe or maybe not, you never know what is happening inside. Anyway, the plunge in price is still not good for Quarkchain's reputation. Although, the project has a big step last 2 moths with successful testnet, new partnerships.etc...However, in crypto world, people only cares about the price and their money. Therefore, they are leaving the group day by day because of loosing trust in QKC's price. I do not say Quarkchain should stop their super good work on marketing and partnerships but they should also care about their token's price. The best thing Quarkchain can do now is to rent a market makers, a financial advice or whatever to stop this manipulation. If this still continues, QKC gonna be a deadcoin. As all of you, I love this project, so team, please considerably take my suggestions to Make Quarkchain Great Again!

Welcome to the 11th QuarkChain Report for the period from July 23 to Aug 5! For better communications with our community, we’ll be updating our progress bi-weekly.

QuarkChain engineering team has opened the source codes of the first version of the client library, which facilitates DApp developers to shift from Ethereum to QuarkChain. This library has been successfully adopted by several teams in the Blockchain Awakens Hackathon last week. Check more details in the third section of this bi-weekly report.

https://i.redd.it/mikkyzz64cf11.png

QuarkChain attended the two-day Hybrid Summit in Thailand on Aug 2. In this summit, QuarkChain had its own booth, which was one of the most popular booths in this event and attracted a lot of attention from media.

https://i.redd.it/ep3c80f94cf11.png

In this summit, QuarkChain CBO, Ting Du, delivered a successful speech and received a thunderous round of applause from audiences — QuarkChain has become a rising star among many participating projects.

https://i.redd.it/1h5yu20d4cf11.png

https://i.redd.it/3hinr06e4cf11.png

Except for the Hybrid Summit, we were invited to participate in the Silicon Valley Blockchain Awakens Hackathon as well.

https://i.redd.it/mlnibwtg4cf11.png

The Blockchain Awakens Hackathon was successfully held by Google ABC last week in Silicon Valley.

QuarkChain is very honored to be one of the three blockchain platforms (together with NKN and Hyperledger) to make contributions to this hackathon. This event has attracted more than 20 blockchain celebrities’ attendee, including Whitfield Diffie, the Turing-Award winner and Father of Encryption, Professor Shoucheng Zhang, the discoverer of Majorana fermion, and Yi He, the co-founder of Binance. 23 teams and more than 120 engineers from top companies such as Google, Facebook, Uber, Linkedin and Amazon also joined the competition for the final laurel. 8 teams chose QuarkChain as their development platform.

https://i.redd.it/wb8o9muk4cf11.png

https://i.redd.it/4ojad5vo4cf11.png

Sophie Wang joined the marketing team at QuarkChain. Prior QuarkChain, she was a senior data analyst at Infusionsoft and Lending Club, where she developed a deep understanding about how to use data and modeling to reach targeted users. She is also a growth hacker with years of experiences in product operation and marketing. The AARRR (Acquisition, Activation, Retention, Revenue, Referral) funnel she built in product improved the user growth and conversion. She holds a Master’s degree in Engineering Management from Duke University and graduated from Tongji University. Sophie thinks that the product marketing and operation in blockchain industry become more diversified due to the token economy, which is one of the main reasons attracting her to this industry.

QuarkChain engineering team has completed and opened the source codes of the first version of client library to public. The library provides similar interfaces as web3.js (the Ethereum client library) so that the existing Ethereum DApp developers can easily start building Apps on QuarkChain. The engineering team also integrated the client library and our testnet with MetaMask (the most popular hot wallet as a browser extension) which can be used to manage QuarkChain accounts and signing transactions. This library has been used by several teams in the Blockchain Awakens Hackathon last week. We received many positive and constructive feedbacks. QuarkChain welcomes more developers to try it out and provide feedbacks. Feel free to email [testnet@quarkchain.org](mailto:testnet@quarkchain.org) for any question or feedback.

GitHub: https://github.com/QuarkChain/quarkchain-web3.js

npm: https://www.npmjs.com/package/quarkchain-web3

Testnet (now supports MetaMask): https://testnet.quarkchain.io

Testnet JSON RPC endpoint: http://jrpc.testnet.quarkchain.io:38391

Developer guide: https://goo.gl/JzcXaU

FYI:

We open our official Facebook account now! Welcome to follow us, post there, give us the thumb up and ask us questions at https://www.facebook.com/quarkchain/!

Thank you for reading 11th QuarkChain Report! The QuarkChain community appreciates your support!

Website

https://www.quarkchain.io

Telegram

https://t.me/quarkchainio

Twitter

https://twitter.com/Quark_Chain

Steemit

https://steemit.com/@quarkchain

Medium

https://medium.com/quarkchain-official

Reddit

https://www.reddit.com/r/quarkchainio/

Facebook
https://www.facebook.com/quarkchain/

Weibo

https://weibo.com/QuarkChain

This is a copy of a mail I sent to QuarkChain CMO. As it remained unanswered I thought I could share it on Reddit.

Hello

I am working in marketing and design in Berlin and I wanted to give a few suggestions to help QuarkChain.

QuarkChain aims to be a superior product and I hope its branding could show some real drive. Take a look at what EOS did as an example of successful design and please consider changing the website color theme from dark to light. Switching to a white background would definitely communicate a more corporate and contemporary feeling. The actual black and violet theme tend to feel very geeky in comparison.

The website display is clear and synthetic as it should be, and the animation on the home page is stunning. Therefore I would only suggest to change the color panel.

About the logo please abandon the sphere. The blue logo on white background as used in the QuarkChain introduction video appears more refined and contemporary. I would advocate against using alternatively the sphere and without-sphere version like you're doing now. I think you should exclusively use the one without the sphere around it.

Change the icon image on coinmarketcap. Notice that EOS just updated their as well. Do not underestimate those details.

About the product name I would emphasize on the importance of pushing for "Quark" rather than "QuarkChain". I saw many posters online who complained about QuarkChain being sort of ~cringe~

An easy trick would be to switch from "QuarkChain" to "Quark Blockchain". So the product would still be recognizable and give a better focus on the "Quark" part at the same time.

Quar"k-ch"ain prononciation rhythmic is difficult. I think it is a real flaw brand-wise. The product name should be refined as well in order to achieve a flawless branding.

As you know branding and design alone can make a big difference in the world we live in.

I'm a big supporter of your project and want it to blow away the concurrence. Thank you for your efforts and good luck.

Dear QuarkChain Community members,As QuarkChain grows, we appreciate your company. We will update our ecosystem progress from time to time. This is the first report which includes what are the new progress for our ecosystem.

Ankr is one of the most popular projects in decentralized cloud computing field. They just selected 10 cities to hold meetups that were voted by the community. Ankr launched its prototype in Moscow for the first time, which realized the decentralized cloud computing.

CovalentChain, as the first B2B public chain, just launched Dapp — BizPanet, opened 1000 internal test accounts for Android users to test. This makes CovalentChain become the first realized blockchain B2B platform.

In addition, CovalentChain partners with several companies including Molbase (the biggest chemicals trading platform in China). They will work together on community, data, applications and technology.

DREP Foundation will start “Reputation Mining” for 10,000 people soon. Their community members will get reputation value through their contributions and gain rewards for mining. DREP was interviewed by some professional analysts from different AMA media, e.g., TokenClub and TokenGazer recently.

LendChain has launched platform 1.0. Borrowers can mortgage ETH, BTC, USDT, BCH, GXS and QKC on the platform to release the loan demand, and other users can borrow the corresponding digital currency to realize asset appreciation.

LendChain is developing platform 2.0, which will have a decentralized asset management solution. The platform itself does not have the right to call the fund unless the third party (investors or custodians) confirms. This will secure users’ asset security on the platform.

Valpromise (VPP) debut listed on Fcoin in mid-July. VPP has already held two auctions of option successfully and the number of audiences in the last live broadcast reached 30,000. One of the users got BCH option by 630,000 VPP, and GET project bought GET option by 850,000 VPP. Those two new options will be in the VPP app after the process.

https://medium.com/certik/certik-x-quarkchain-secure-efficient-ecosystem-478c34894baa“A strategic cooperation was reached between CertiK and QuarkChain recently. As the first signed security partner of QuarkChain, CertiK will provide QuarkChain a top-notch security verification solution to resist potential hacking for the smart contract on its public chains, and further improve the security and reliability of QuarkChain. On June 2018, CertiK completed the first formal verification for QuarkChain’s ICO; safe-guarded all the potential security risks for QKC’s debut on Binance.”

“But the combination of CertiK and QuarkChain goes far beyond this. Trust and transaction speed are the two major bottlenecks in blockchain technology today. The core of QuarkChain is to solve transaction speed (TPS) problems, by applying the fragmentational tech and decentralized architecture. Compared to a centralized security model, the decentralized architecture poses even greater security challenges. The modular verification introduced by the CertiK team naturally adapts to the exclusive needs of QuarkChain, which helps the QuarkChain solve the security problems of sharding transactions and build a more reliable ecosystem through layered verification technology.”

https://medium.com/celer-network/celer-network-and-quarkchain-partnership-announcement-1bf2ad23778b“With the aligned vision and the fully complementary technical stacks, Celer Network and QuarkChain will collaborate on facilitating and showcasing applications that best leverage QuarkChain’s high-throughput scalable sharding architecture and Celer Network’s low-latency off-chain scaling platform. Together, Celer Network and QuarkChain will enable unprecedented scalability and usability for decentralized blockchain applications.”

https://medium.com/@oathprotocol/oath-protocol-announces-a-strategic-partnership-with-quarkchain-d5cb29acf2a6“The collaboration between OATH and QuarkChain is the first of its kind, and a leading example of a public chain’s use of a decentralized governance protocol. It allows the public chain to give the rights and controls back to its community and gives everyone a fair chance to decide the future of the chain.

With QuarkChain’s high-throughput scalable architecture, great communities, and healthy ecosystem, OATH protocol can be used in a wide variety of scenarios.”

https://medium.com/@OneLedger/oneledger-quarkchain-partnership-432c93243e1d“We are proud to announce that a strategic partnership has been established between OneLedger and QuarkChain. As the first cross-chain partner QuarkChain has signed with, OneLedger will provide highly efficient cross-chain infrastructure protocol to the smart contract on QuarkChain. OneLedger released its MVP earlier in June this year, demonstrating a powerful cross-chain consensus engine.”

https://medium.com/scidex/scidex-scidex-is-partnering-with-quarkchain-c7148101a652

“Together, QuarkChain and SciDex will accelerate and facilitate the adoption of blockchain technology by businesses. The aim is to combine the QuarkChain technology, which provides significantly higher output transactions per second (TPS), and the SciDex protocol, which focuses on making smart contracts compliant and adaptable for corporations to use.”

https://i.redd.it/8yu4k2c5y4f11.png

QuarkChain is honored to partner with those promising projects and build blockchain ecosystem together.

Thank you for reading QuarkChain Ecosystem Progress! The QuarkChain community appreciates your support!

Website

https://www.quarkchain.io

Telegram

https://t.me/quarkchainio

Twitter

https://twitter.com/Quark_Chain

Steemit

https://steemit.com/@quarkchain

Medium

https://medium.com/quarkchain-official

Reddit

https://www.reddit.com/r/quarkchainio/

Weibo

https://weibo.com/QuarkChain