Buy 25% · Sell 75%
QTUM USDT
Qtum
Short summary for QTUM
Scenario, levels and timeframe alignment.
Dominant share 75%
3 of 4 TF support SHORT
the 4h and 1d timeframes have no common direction yet, while the 15m and 1h timeframes more often point lower. Lower TF go against higher TF, so market entries are riskier than usual.
QTUM does not have enough closed trades for local statistics yet, but signals and the public feed are already available.
QTUM is better approached with patience right now. Main reference: 4h, current scenario: "SHORT looks more like local unloading for now".
Signal balance: buyers 25%, neutral 0%, sellers 75%. The current bias is on the seller side, so LONG without confirmation remains risky. Timeframes: 3 of 4 TF support SHORT.
QTUM trade history is still building, so current structure matters most now: scenario, signal balance and chart levels.
Qtum is a decentralized and open-source smart contracts platform and value transfer protocol. Qtum uses proof-of-stake consensus, meaning node operators are rewarded for validating transactions. It is a DGP governed blockchain where community participants can vote to change certain network parameters. Qtum is built on a bitcoin core fork, but the foundation has created its own hybrid blockchain with the help of several key tools. The coin uses bitcoin’s chain because of its simple and stable nature, allowing the foundation to build upon it more easily.
As the QTUM project is a hybrid of Bitcoin and Ethereum, its team comprises of members from both Bitcoin and Ethereum community. They also have team members who formerly worked with Tencent, Alibaba, Nasdaq etc. Apart from that, they are backed by some notable VCs and prominent people from the Blockchain community such as Patrick Dai (Project Co-Founder), Neil Mahi (Chief Blockchain Architect/Co-Founder) and Jordan Earls (Lead Developer/Co-Founder).
Qtum provides a Turing-complete blockchain stack and is able to execute smart contracts and decentralised applications like the Ethereum blockchain.
Qtum builds on Bitcoin's UTXO transaction model and uses the Proof-of-Stake algorithm. It is backed by some highly prominent members of the blockchain community such as Anthony Di Iorio, Xu Star, Bo Shen, David Lee, Jehan Chu and Roger Ver.
Qtum sold over 10 million dollars’ worth of its tokens after only 90 minutes, eventually raising a total value of $15.7 million before stopping the campaign early after only 5 days. They raised a total amount of 11,156.766 bitcoins (BTC) and 77,081.031 ether (ETH) in exchange for the 51 million Qtum tokens being distributed to the public. In Qtum’s whitepaper, 51% of the coins were distributed to the public via the crowdfunding campaign. Of the remaining 49%, 29% of the coins would be allocated as community incentives, and the remaining 20% would be distributed to the early backers and development team.