Introduction

Quantus, a quantum-proof blockchain, has launched its native QTC token on the Near platform. The token has a capped supply of 21 million and will be accessible on NEAR Intents on its debut day.

Token Details

QTC is positioned as a 'post-quantum asset' and has a capped supply of 21 million. The initial genesis supply will have 27% of the supply unlocked, with 4.83 million tokens allocated to investors and the team. The remaining 73% supply will be mined.

Near Platform

The launch of QTC on the Near platform comes as several blockchains are racing to be quantum-proof. Starknet and Quantus stand out as being quantum-safe, with other chains exploring partial and full implementations. Near's cross-chain protocol NEAR Intents also leverages post-quantum cryptography.

Backing and Market Traction

QTC has been backed by Alex Shevchenko, CEO of NEAR Intents, who is bullish on the same. The cross-chain platform NEAR Intents has seen strong traction, with a record $4.8 billion in DEX volume in September. A U.S. NEAR ETF has also been rolled out to offer investors exposure to the network's privacy, quantum, and AI narrative.

Conclusion

The launch of QTC on the Near platform marks an important milestone for the quantum-proof blockchain. As more value moves onto post-quantum assets and accounts, much of it will have to cross chains to get there, and NEAR Intents is built to carry that movement.