Quarkcoin is a coin which increases security by using 9 rounds of hashing from 6 different hashing algorithms - blake, bmw, grøstl, JH, keccak, skein. 3 of the hashing rounds apply a random hashing function. This compares with Bitcoin's solitary use of SHA-256 algorithm.
There is no pre-mine for this coin. A new block is generated every 30 seconds and 2048 Quark is given out as reward per block at the beginning. This reward halves every 60480 blocks or roughly every 3 weeks.
The initial supply of Quark is 247 million and this is expected to be mined in roughly 6 months since launch date. The supply will then continue to increase at an inflationary rate of 0.5% per year. Quarkcoin was launched on 21 July 2013.
What is the highest value Quark (QRK) has ever reached?
Quark (QRK) reached its peak price at 1.49 $ on 24 August 2018, approximately 7 years ago ago. Presently, the current price is -99.83% lower than this all-time high.
What is the historical minimum price for Quark (QRK)?
The minimum price reached for Quark (QRK) was 0.0000953 $, documented on 28 October 2013, more than 12 years ago. In comparison, the current price is 2,404.8%, it above this historical low.
What is the fully diluted valuation of Quark (QRK)?
The fully diluted valuation (FDV) of Quark (QRK) stands at $ 716,124. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of QRK tokens. The realization of this FDV might take several years depending on the emission schedule of QRK tokens.