In a recent effort to enhance their visibility and an added focus on providing their community members “Qubic”, an AI blockchain ecosystem that works primarily to improve security for the Binance Smart Chain (BSC) ecosystem has announced their token’s listing on the popular cryptocurrency exchange MEXC.
In this article, we will look at the workings of the project behind the Qubic token and the impacts the token’s listing could have on the project and on the token.
What is Qubic?
As we mentioned in the introductory paragraph Qubic is an AI-focused blockchain ecosystem. Its work is primarily focused on improving the security of the Binance Smart Chain (BSC) ecosystem.
The project group behind Qubic’s AI-driven technology is credited with introducing innovative AI research-based development to blockchain technology.
One of the goals that Qubic has put forward as a target for accomplishment is to maximize hardware utilization through the usage of a novel computer reward system to reduce the stable tick time in networks to a time of 1 – 2 seconds.
Another fact worth mentioning about the QUBIC token is that each unit of the token QUBIC also acts as a measurement instrument to calculate the computational energy within the Qubic’s network ecosystem. This gives a complete look at how the coin gains its utility and thereby its value as a listed token.
These details give us a sneak peek into the basic project setup of Qubic in the cryptocurrency blockchain network. Let us now look at the details relevant to the recent announcement from Qubic.
What was the Announcement from Qubic?
The Qubic group has recently announced the listing of their token currency QUBIC on the popular Tier 1 Centralized exchange platform MECX.
The announcement from the group came as the first marker to show their future roadmap plans. As per the words from Eric Fung who works as the APAC growth lead at Qubic, the listing was a crucial step in their ecosystem expansion and project adoption initiative.
As per the details of the listing, the QUBIC token’s deposit will open on July 16, 2024, at exactly 12:00 as per Universal coordinated time (UTC).
The coin trade is scheduled to begin on July 17, 2024, at 14:00 UTC, with withdrawal options launching the following day.
The listing of the QUBIC coin at MEXC is however not the first instance of the coin becoming available for trade to the public. The QUBIC coin has previously been listed on the trading platform XT and has been traded starting from June 18, 2024, with the most popular token pair being QUBIC/USDT.
Additionally, several exchange platforms including Gate.io and Ascendex have listed the QUBIC coin.
Now that we have discussed the details regarding the listing of the QUBIC token on MEXC and looked into a few additional data about the market run of the QUBIC token we will now talk about what the future looks like for the QUBIC token and its backing project group.
What to expect from Qubic in 2024?
As we have mentioned above on how the QUBIC token gets its value it would be safe to say that almost all of the value and utility of the QUBIC token is directly linked to the performance of QUBIC”s network. Understanding this is the key to properly evaluating the coin and its network.
The Qubic network has been known to be at the forefront of many innovative services. The group has outlined its future roadmap through its focus on three important areas to develop a more vibrant ecosystem for its community, developers, users, and partners.
The three components of focus are as follows:
New product launches
The Qubic ecosystem has planned to launch its wallet on different platforms including Android, iOS, Windows, and macOS. This would be complemented by their plans to integrate EVM and non-EVM wallets like Heat, Metamask, and Tangem into their ecosystem.
Community Initiatives
As part of their commitment to their community, Qubic is planning to provide programs to educate their supporters with the benefits (both financial and otherwise) that they offer to all those who participate in the network’s activity.
Open-sourced research
Concerning their open-source presence the Qubic Group has put forward their plans to further secure their infrastructure and conduct due audit processes in their network.
As part of this initiative, the group has also pledged to publish their finding for the benefit of the larger Web 3.0 and Web 2.0 AI communities.
The few passages above summarised the roadmap that was announced by Qubic following its listing on the MEXC exchange.
The Bottom Line
The future journey of Qubic seems to be quite promising in its straightforwardness and simplicity. The existence of a clear roadmap for work is a major green flag when it comes to evaluating their future drive for growth.
This combined with the technological and financial prospects of the group certainly presents the coin in a favourable position.
An investor in the QUBIC token or a supporter of its network will benefit highly from referring to the sections above before they make their decision about the coin and its group.
