Qtum

QTUM Price

What is Qtum about?

Qtum is a decentralized and open-source smart contracts platform and value transfer protocol. Qtum uses proof-of-stake consensus, meaning node operators are rewarded for validating transactions. It is a DGP governed blockchain where community participants can vote to change certain network parameters. Qtum is built on a bitcoin core fork, but the foundation has created its own hybrid blockchain with the help of several key tools. The coin uses bitcoin’s chain because of its simple and stable nature, allowing the foundation to build upon it more easily.

What makes Qtum unique?

As the QTUM project is a hybrid of Bitcoin and Ethereum, its team comprises of members from both Bitcoin and Ethereum community. They also have team members who formerly worked with Tencent, Alibaba, Nasdaq etc. Apart from that, they are backed by some notable VCs and prominent people from the Blockchain community such as Patrick Dai (Project Co-Founder), Neil Mahi (Chief Blockchain Architect/Co-Founder) and Jordan Earls (Lead Developer/Co-Founder). Qtum provides a Turing-complete blockchain stack and is able to execute smart contracts and decentralised applications like the Ethereum blockchain. Qtum builds on Bitcoin's UTXO transaction model and uses the Proof-of-Stake algorithm.

What's the history of Qtum?

Qtum sold over 10 million dollars’ worth of its tokens after only 90 minutes, eventually raising a total value of $15.7 million before stopping the campaign early after only 5 days. They raised a total amount of 11,156.766 bitcoins (BTC) and 77,081.031 ether (ETH) in exchange for the 51 million Qtum tokens being distributed to the public. In Qtum’s whitepaper, 51% of the coins were distributed to the public via the crowdfunding campaign. Of the remaining 49%, 29% of the coins would be allocated as community incentives, and the remaining 20% would be distributed to the early backers and development team.

Where can you buy Qtum?

QTUM tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Qtum is Binance, where the most active trading pair QTUM/USDT has a trading volume of $436,084.54 in the last 24 hours. Other popular options include OKX and DigiFinex.

What is the daily trading volume of Qtum (QTUM)?

The trading volume of Qtum (QTUM) is $4,363,468.87 in the last 24 hours, representing a 18.10% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Qtum (QTUM)?

Qtum (QTUM) reached an all-time high of $100.22 and an all-time low of $0.6279. It’s now trading -99.00% below that peak and 52.60% above its lowest price.

What is the market cap of Qtum (QTUM)?

Market capitalization of Qtum (QTUM) is $101,664,969 and is ranked #284 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of QTUM tokens (110 Million tokens are tradable on the market today).

What is the fully diluted valuation of Qtum (QTUM)?

The fully diluted valuation (FDV) of Qtum (QTUM) is $103,302,209. This is a statistical representation of the maximum market cap, assuming the maximum number of 110 Million QTUM tokens are in circulation today. Depending on how the emission schedule of QTUM tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Qtum compare against its peers?

With a price increase of 11.40% in the last 7 days, Qtum (QTUM) is outperforming the global cryptocurrency market which is up 11.00%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 11.60%.