Shitcoin Digest: Quantum (QAU)

If you’re interested in buying cryptocurrency, I suggest Coinbase for the easiest transfers and they have more than just Bitcoin. If you click on the link to sign up, I get $10 after you deposit a total of $100. So please check out Coinbase.

Quantum (QAU)

According to their website, “Quantum tokens are bought back, sent to the black hole address and cryptographically destroyed on a monthly basis. This process causes the amount of units in existence to decrease every month and makes Quantum stand out in the world of money printing and inflationary currencies! Since there are less Quantums available as the time goes by, the remaining units still held by investors gain in value as the destruction process puts constant upward pressure on the price. We put all bitcoins received from the sale of Quantum tokens into a pool of funds that we call Liquidity Pool. These bitcoins are then put to work and generate interest from lending to exchanges for margin trading, making markets, arbitraging price differences between different exchanges and other forms of possible low risk income generation. All income from these activities is then used to buy back Quantum tokens on the market and send them to a black hole address. At the end of the month we take all Quantums in the black hole address and cryptographically destroy them by using a smart contract on the Ethereum network.” I like this! A lot!!! I am putting them in the “yes” category. if of no other reason they are only a dime per coin at the time of this writing.

NOTE: This piece was originally posted by Michael as an on- site page on MichaelBeebe.net while he was doing research into cryptocurrencies.

 

Disclaimer: Michael Beebe is not a financial advisor and all research is for his own purposes. He is simply sharing the research with the readers of this or other blogs and makes no claims to be an expert in finance or any forms of investment.