The Qubetics token (TICS) launched with a massive 950% increase. Yes, it’s eye-catching. So before you mortgage your house, let’s step back. It’s time to inject a little bit of reality into your planning and project selection process. The real question is not “can it go higher?” but rather “should it be this high, this fast?”
Revolutionary Cross-Border Payments Or Just Hype
As a cross-border payment provider, Qubetics’ mission is to provide fast transactions and lower transaction costs. It uses a private Layer 1 blockchain and uses Delegated Proof of Stake (DPoS) technology. Sounds familiar, right? How many times have we heard this before? The cryptoverse is filled with projects promising to change the world of finance as we know it, only to disappear without a trace.
Let's be brutally honest. We all know it by now—traditional cross-border payments are cumbersome, slow, and costly. Established players aren't standing still. They're innovating, albeit at a slower pace. Qubetics needs to prove it's not just faster and cheaper, but significantly more secure and scalable than what already exists.
Think back to the dot-com boom. We witnessed thousands of companies ready to change the world—from how we shopped, to how we connected with family and friends. How many are still around today? The technology has to be genuinely disruptive, and the business model absolutely bulletproof, to withstand the coming market corrections. So is Qubetics the real deal, or the latest Also-Ran?
Governance: Decentralized Utopia Or Centralized Control
Nour is well aware that the devil is in the details, particularly in the context of blockchain governance. In addition, Qubetics has an innovative DPoS. Token holders who stake a minimum of 25,000 TICS can participate in concrete transaction validation and receive as high as 30% APY. Sounds great in theory. What happens in practice?
Will a handful of whales (or a whale cartel) get the power, thus controlling the entire network? Are the staking rewards really designed to promote good behavior? Or will they continue to drive short-term profit-seeking, risking long-term financial stability in the process? Decentralization is not a binary switch but a spectrum. Most of the “decentralized” projects out there are not decentralized at all.
We’ve witnessed many illustrations of systems that were thought to be decentralized succumb to centralization. Bitcoin mining, for example, has recently become much more centralized production mainly with a few large operators. For Qubetics to succeed, they will need to prove their governance model will be strong and resilient enough to stand the test of time.
Remember the early days of the internet? The dream behind MESH was a real, truly decentralized, democratized network. Unfortunately, over the years, power has been increasingly consolidated into the hands of a few tech megacorps. We have to avoid repeating those errors and make sure that blockchain governance doesn’t share the same fate.
Unintended Consequences, The Real Threat
Let’s suppose Qubetics actually does manage to radically improve cross-border payments. What are the unintended consequences? Might it threaten or hollow out TFI, thereby perhaps destabilizing the traditional, TFI-reliant global financial system? Would it increase opportunities for fraud and other nefarious activities, considering its advertised lack of KYC and multi-chain interoperability?
These aren't just theoretical concerns. The crypto space has already been marred by many scams, hacks and money laundering. As governments around the world are rushing to get regulations in place, Qubetics might soon find regulatory pressures coming from places they least expect. A quietly conservative position would argue for a measured approach combined with deeper oversight to protect consumers and the integrity of the financial system itself.
Think about the rise of social media. It pledged to make the world more connected and informed. Yet it has been used to spread conspiracy theories, incite the January 6 insurrection and help rig U.S. elections. Every technological innovation has unintended consequences. We have to be able to predict and prevent those risks before they get out of hand.
The Sobering Truth
Revenues, revenues, revenues That $700,000 trading volume may seem paltry. Not with a post mainnet price prediction ranging between $10-$15 and that early $5,000 presale investment being able to grow $2.1 million at its height! FOMO should not dictate investment decisions.
Do your own research. Understand the technology. Assess the governance model. Consider the potential risks and unintended consequences. Don't just blindly follow the hype.
The Qubetics wave may be just the beginning for a new wave of finance. Or it may turn out to be yet another flash in the pan. Only time will tell. A sober assessment, rooted in historical jurisprudential context, and well infused with skepticism, is necessary.
Lastly, don’t forget our golden rule – if it sounds too good to be true, it likely is.