In the crypto industry, innovation is a matter of survival. Every day, new projects launch their ideas into a multi-billion-dollar ecosystem with millions of investors and consumers spread all over the globe.
Such circumstances force projects to be innovative, whether they want to be or not. However, while some projects thrive as soon as they hit the market, many fail to follow the same path.
Q-token.io is a new crypto project that has not displayed much about its intentions, especially its value offer and the advantages of the platform. Self-designated as the “coin of truth”, there is still no information available about the platform and its crypto coin.
Innovative Technology, Endless Possibilities
Since its inception, blockchain technology has been the engine that propels financial and technological innovation in the last decade. Nowadays, it is impossible to talk about innovation without mentioning some type of application or product associated with blockchain.
Hence, there is a myriad of projects that promise to revolutionize the world as we know it, but after all many of them fail to survive amid an extremely competitive market.
Since 2019, the crypto industry is going through a huge transformation, both in terms of structure and popularity. DeFi’s growing popularity led to a huge demand for stabilecoins (e.g., USDT, USDC, DAI), which became an essential factor in most transactions.
The Ethereum Network began to work on its 2nd layer while transforming itself into a PoS (Proof of Stake) ecosystem. At the same time, other ecosystems surged to offer new possibilities in terms of interoperability and cross-chain interactions.
Polkadot, Kusama, Cosmos, EOS, and other blockchains offer a world of possibilities outside of the Ethereum mainstream, which leads many projects to develop their initiatives using one of them.
In this sense, there is some speculation that the Q-token is related to the Stellar Network. Built as an open-source network powered by blockchain technology, Stellar permits users to create, send and trade digital representations of any form of money.
Hence, Stellar allows anyone to create a token representing Bitcoin, US dollars, Spanish pesos, or any other fiat/digital currency available nowadays. Accordingly, the Q-token will probably reunite such features within an approach focused on transparency and credibility.
Promising Project or New Scam? – How to Invest in Crypto
In many situations, a project may sound like the best way to invest in crypto. Nonetheless, the best crypto assets are not those who have the most hype, but those who have a solid value offer and long-term appreciation.
Hence, before onboarding any project seeking huge profits, the best approach is to learn how to invest in crypto the right way. This way, it is possible to avoid scams, as well as projects susceptible to hacks, theft, SEC issues and other similar problems.
The Fall of ICOs – What Lesson Does It Have to Teach Us?
Between 2014 and 2018, there was a boom of ICOs (Initial Coin Offerings) amid the crypto industry. In essence, an ICO is the crypto-equivalent to an initial public offering (IPO) in the traditional stock market.
While the idea of raising ETH for innovative projects through ICOs was not bad, the movement rapidly got plagued by over-hyped projects that raised way too many funds and did not have anything to show at the end of the day.
There is not much information available about the Q token, which leads to a valuable question- would it be another hype train? The only way to know is to wait for more information and assess the possibilities brought by the new token.