Do yourself a favor and at least grab a small bag of QANX while it is still around $0.01. An easy 5x to 10x is coming soon!
Full disclosure, I'm a big fan of QANX. I have been in QANX since the IDO, and I still hodl all the IDO tokens. I have repurchased even more tokens a few times (most recently, on the relaunch of the v2 token).
Here are some bullet points to help with a short narrative:
- The TGE was on May 31st, 2021.
- The Public (IDO) Price was $0.011.
- Right out of the gate, it did a 10x and continued to climb to an ATH of ~$0.20 (roughly 20x from IDO).
- There are two versions of the token, BSC20 and ERC20, and they have a bridge to allow movement between chains.
- The bridge got hacked and drained in October 2022. The hackers stole 1.4B QANX and sold them for over 3K BNB. Read more here.
- In February 2023, they reissued the v2 version of the token. Read more here.
So, because they just reissued a new token, the data on most sites like CoinGecko or CoinMarketCap are not accurate.
The Tokenomics have not changed, and you can find them here in the whitepaper (page 12).
At the time of the exploit, almost all tokens were released except 200-300K from Team & Reserves. I believe about 3B of 3.3B were in circulation at the time of the hack (so almost fully unvested).
So why would I buy this token right now?
- They weathered the brutal crypto winter and even survived the massive collapse of the original token with the bridge exploit on Oct 22. These are two very good indicators that this project and community are strong.
- The current price of the QANX token is more or less the original IDO price (about $0.01).
- If this token just goes back to half of the previous ATH, it will be a 10x, but I expect to see 20x to 50x from where it is in the next 2 years.
- They continue to BUIDL and make enhancements (while rolling out v2)
- They continue to make great partnerships (2 recent announcements below).
Lastly, I stated above that nothing has changed with the tokenomics except ONE thing, which I cannot confirm at this point, but...
You need to go claim your v2 tokens. The relaunch & claim process started on Feb 22nd, 2023 (almost 2 months), and so far, less than 63% have been claimed!!
I'm not sure what will happen in a year or two with any unclaimed tokens, but unclaimed tokens may become "dead" or "abandoned" in the future, which is great for the rest of us hodlers.
Here is what QANX posted on the topic in Telegram: "After the CEX listings are done, and all the tickets are resolved, we'll see if there are unclaimed tokens left. There will still then be many months to claim them. Unclaimed tokens will eventually be like abandoned wallets, of course." Show Less
