Review on Qubitica by David Olayide
QUBITICA AN ASSOCIATION OF DEVELOPERS, INVESTORS AND COMPANIES
Qubitica is a decentralized Information Technology community built by independent program developers, companies, and organizations with a focus on FinTech, DLT, AI, capital funding, as well as access to local markets. I found out that somehow, the project has support and backing from educational institutions, universities, and the authorities and I guess this would be a very good thing. The project is comprised of about 1000 developers, IT companies and investors from more than different countries who want to work together to advance blockchain technology.
Like I always say, the goals or aims of a project, is one of the key features to explored first when looking up a cryptocurrency affiliated project. The long term goal of Qubitica is to develop project related smart contract solutions. These projects are treated as independent tasks and subprojects advertised individually. At this point you might be tempted to think that Qubitica is just an IT company but it actually is not. Rather, it is basically an association of developers. IT projects will be handled under future brands and websites, and QUBITICA will be responsible for exchanging ideas, prioritizing projects and managing the shares in QUBITICA.
QBIT is the official token of the project and it is ERC-20 token compliant. The token is used to reward developers and can be referred to as shares. Developers can receive QBIT for the implementation of projects and thus have a share in the assets of the platform. So yes the developers becomes a sort of shares miner through the power of his programming. The QBIT, which represents a developers share of the overall project, can either be kept or exchanged for Ether or USD, or even Euro.
However I found out that it is no longer possible to mine QBIT anymore. I guess that phase of the project is over. It all sounds exciting though and I am very much interested in the project. Qubitica is a very different and unique project and I will like to explore it’s features when I have the time. QBIT can be gotten on cryptocurrency exchanges in case you plan to hold and keep some.
Pros
- Qubitica is a community of like minded developers, investors and companies who want to improve the blockchain technology
- Developers are rewarded with QBIT token
- QBIT is an ERC20 based token
- Over 20 countries are involved
Cons
- QBIT can't be mined anymore
