Qubitcoin
QTC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
QTC (Qubitcoin) is an early-stage Layer-1 Bitcoin Core fork incorporating a novel quantum-proof-of-work (qPoW) consensus mechanism. A data gap exists in Community Support (-1.0) due to ticker collision issues and lack of verifiable project-specific channels, requiring weight redistribution among the remaining five sections. Development velocity is low with zero tagged releases, and the repository itself is designated as a 'demo'. While the team is public and academically credentialed, governance is centralized in the nascent Qubitcoin Foundation. The token suffers from severe near-term inflation (~112% annually), an extreme micro-cap valuation under $1.1M, low liquidity ($7,000-$9,000 daily volume), and no documented independent security audits of its novel consensus code. No qualifying red-flag exploit or protocol failure was established for Qubitcoin (the $80M Qubit Finance exploit was determined to be an unrelated project).
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Qubitcoin (QTC)
QTC (Qubitcoin) is an open-source Layer-1 cryptocurrency developed as an MIT-licensed fork of the Bitcoin Core codebase. The project introduces a modified consensus model referred to as Quantum Proof of Work (qPoW), designed for GPU and CUDA-based mining operations. Its emission model mirrors Bitcoin's architecture, featuring a hard supply cap of 21,000,000 QTC, an initial block reward of 50 QTC, and halving intervals occurring every 210,000 blocks.
The project was established by a public technical team comprising Dmitrii Khitrin, Daniil Shatokhin, David Nizovsky, and Mikhail Shalaginov. Governance remains centralized within the early-stage Qubitcoin Foundation, with no decentralized autonomous organization (DAO) or on-chain voting infrastructure. There are no documented burn mechanisms, staking programs, or application-layer utilities to drive demand against its daily block issuance.
Qubitcoin operates as a micro-cap cryptocurrency subject to significant liquidity risks, with a market capitalization under $1.1 million and daily trading volumes in the single thousands of dollars. The project's public primary repository is designated as a demo with zero tagged releases and low development velocity. Additionally, the novel qPoW consensus layer has not undergone independent third-party security audits, the project has faced unverified community scam allegations, and high annual supply inflation (approximately 112% during early emissions) places continuous downward supply pressure on circulating float.