About Qubit
Qubit is Mound’s innovative DeFi lending protocol that is optimized to deliver lending as a utility for the BSC. With zero withdrawal fees, Qubit not only reduces the cost of lending and borrowing for retail users, it also enables PancakeBunny and other BSC yield aggregators to employ leveraged strategies to maximize Single Asset returns. Qubit is also committed to supporting vertical integration of code review for PancakeBunny and other farming platforms to enhance BSC ecosystem security, as well as to avoid the destabilizing impact on Layer 2 services of disorganized migrations on Layer 1. Once the Qubit launch has established a steady equilibrium, we expect to launch a wide spectrum of derivative products (such as margin trading) shortly thereafter.
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Trading Insights
Searched
6
Market Stats
Market Cap
Not enough data
FDV
$301.02K
Circ. Supply
Not enough data
Max Supply
1B QBT
Total Supply
1B QBT
Total Value Locked
$28.67K
Diluted Valuation
$299.72K
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$119.65
-79.29%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.57
Price Change (1Y)
133.97%
Additional details
Market details
QBT vs markets
↗ 40.36%
QBT vs BTC
↗ 37.9%
QBT vs ETH
↗ 44.02%
Tags
mvb
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x17B7163cf1Dbd286E262ddc68b553D899B93f526 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000301 | ↗ 2.60% |
1 Day | $0.000293 | ↗ 2.60% |
1 Week | $0.000300 | ↗ 0.06% |
1 Month | $0.000317 | ↘ 5.06% |
1 Year | $0.000128 | ↗ 133.97% |
FAQ
Qubit (QBT) is a decentralized money market platform that leverages the blockchain's speed, automation, and security to efficiently and securely connect lenders and borrowers.
According to the whitepaper, Qubit aims to make the currency market a safe commodity for the entire BSC ecosystem. Therefore, Qubit does not charge withdrawal fees that hinder the innovative application of more complex leverage strategies on BSC. Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications.
Qubit seeks to promote ecosystem security for BSC. Qubit does this in two ways. First, Qubit does not support flash loans, which removes one of the platform's major sources of insecurity in the entire ecosystem. Second, the Qubit team completely supports vertically integrated code reviews and full-stack audits for all listed projects based on the Qubit platform.
Interest rates for liquidity providers (lenders) and borrowers are calculated based on usage rates. For example, according to the formula, if the utilization rate is A%, the lender gets an interest rate of X%, and the borrower pays an interest rate of Y%.
QBT is a BEP20 token and the governance token of the Qubit protocol. The participation of lenders and borrowers is an important part of the Qubit protocol, and as such, QBT is minted and distributed to all participants in Qubit. 57% of the total QBT supply is allocated to liquidity providers as rewards. Mining can take place over 12 months, with 5% of the total supply paid monthly to liquidity providers.
Qubit is recent in Mound's growing suite of products to increase the PancakeBunny ecosystem. As a yield aggregator, PancakeBunny leverages all the advantages of Qubit to provide a good yield on-chain for single asset liquidity.
The total supply of Qubit tokens is one billion QBT coins.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#2588
Contributors
35
Posts
35
% About Qubit
0.005%
Hold times
0 days
X (Twitter)
9.09% bullish
Sentiment
4.0 ★
Highlights
35 unique individuals are talking about Qubit and it is ranked #2,588 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Qubit has an average sentiment score of 4.0 out of 5. Finally, Qubit is becoming less newsworthy, with 0 news articles published about Qubit.
On Twitter, people are mostly neutral about Qubit. There were 9.09% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Qubit. 90.91% of tweets were neutral about Qubit. These sentiments are based on 11 tweets.
On Reddit, Qubit was mentioned in 76 Reddit posts and there were 130 comments about Qubit. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.