The quantum resistant narrative is once again pulling the string in pumps across the market

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And even more than what it did in previous parts of the cycle, with Google itself mentioning alts and causing them to have some nice green candles
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One of the most interesting protocols in the narrative rn is @quipnetwork and its shared quantum computing capabilities 👇
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QUIP takes all the unused capacity from quantum computers around the world, available to the public, and uses it to solve harder problems
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Finance, logistics, manufacturing, and other industries can all benefit from the exponential capacity that QUIP can offer
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The best feature in blockchain-related matters is that QUIP enables on demand smart contracts with full cross-chain interoperability
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- Oracles
- Bridges
- Automated buy and LP mechanisms
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These and more are possible and are in fact already being used by 20,000+ users
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QUIP is better when compared to the standard cost-equivalent GPU solutions
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🔢 The $QUIP token
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On his way to the market, the token will have its main use as network fees and transaction currency
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A portion of the accrued fees will be used to buy stablecoins and promptly relocked with a 50/50 ratio in LPs
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An interesting feature here is that smart contract deployers will be able to choose which token they want to earn for each SC execution
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Node operators will of course earn $QUIP, while the protocol itself accrues fees from AMM txs
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→ The main takeaway and possible flywheel is that as quantum computation demand rises (and it will), QUIP's services and therefore token (to pay for fees and TXs) will rise as well.
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More computations will then require more QUIP to buy space in the following blocks, causing both demand and revenues to rise, bringing more buys to fill the LP UQIP
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Deeper liquidity for bigger whales to enter the game and decreased float as well
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Will definitely be an interesting protocol to watch moving forward as the testnet just went live 👀
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