Quantum-Resistant QAN to Become First IEO Launched on BitBay Exchange

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Mon, 11/04/2019 - 18:05
Alex Dovbnya
The sale of QARK tokens will commence on Nov. 18 on the BitBay exchange
Cover image via U.Today

QAN, the crypto project that wants to stand up to futuristic quantum computers, will become the first initial exchange offering launched on BitBay on Nov. 18. In first, the exchange will allow IEO investors to buy QARK tokens in EURO, PLN, and GBP, the company's press release states.  

Google achieving "quantum supremacy" sparked a debate about whether Bitcoin and other cryptocurrencies that are powered by the Blockchain technology will be able to survive the advent of extremely powerful machines.

While quantum computing in its current stage is rather primitive, there are already some forward-thinking crypto projects in the likes of QAN that claim to be quantum-resistant. 

"As a licensed cryptocurrency exchange we want to offer our users a possibility to participate with innovative and reliable projects. QAN brings great value to blockchain developers and has the potential to level up the cryptocurrency industry ecosystem," said Paweł Sobków, the CEO of BitBay platform operator Pinewood Estonia OÜ. 

BitBay users can invest in QAN directly from the balances on their accounts, using any of the four available fiat currencies (USD, EURO, PLN, or GBP). 

IEOs have become a pervasive trend in the cryptocurrency space as of recently with Binance hosting plenty of coins on its own platform. This new means of fundraising is set to replace ICOs that plagued the crypto industry with a plethora of scams.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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