I like to remind everyone that I’m not affiliated with any particular crypto coin and generally have some investments in the coins I review so please don’t take this as investment advice.
Quotient coin started out about a year ago as the store house of value for an artificial intelligence on the block chain project. The idea remains interesting in concept with the data for machine learning algorithms potentially being gathered anonymously through the block chain, however, for whatever reason the original group abandoned the coins (trading under XQN and XAI) and a community takeover happened for XQN.
It is hard to tell how well the community will do in driving further adoption of the coin but at this time the coin is functioning well and is easy to mint new blocks on (low difficulty) and operates smoothly. The source is on Github for any other developers to check and maintain if needed. The wallet has many interesting features among them real time data on pricing and the ability to mark transactions with short messages and send encrypted messages to an address. The new community has established funding for driving social media and starting various promotions. They have started trading it in a decentralized market as a Counterparty asset and started the process of merging it with the Cerium project. How to trade on counterparty: https://www.youtube.com/watch?v=ZziQ2Ns8314
The coin appears to be well dispersed at this point as examination of the rich list should show. At first glance you many be wondering about the 1,618% PoS rate but the coin at this point is capped at 16.18 coins per UTXO block reward so it is limited to growing by an average of 16.18 coins every 61 seconds and the effective coin growth rate is much lower.
This is an established coin that has been running for a while with potential for new promotion and an attractive feature rich wallet running on proven technology. The pricing at this point should be attractive for new people to get involved and try out minting PoS coins. Happy Staking! 🙂
1,618,033 coins (proof-of-work)
1,618% PoS interest rate
61 second block spacing
161 blocks to maturity
Min Coin Age 16 hours
1% Premine (16,180 coins)
16.18 coin block cap
Source code: https://github.com/CedricProfit/Quotient
Block Explorer: http://www.blocktree.io/e/XQN
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