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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Why I put @QuaiNetwork in the Bear category:
- Unproven consensus design
Quai uses a multithreaded, merge-mined Proof-of-Work system that hasn't been stress-tested in practice, their decentralization and security claims are still theoretical.
- Heavy token concentration
The top 1% of wallets hold over 40% of $QUAI, which puts a huge risk on price and DAO manipulations.
- Very low dev activity
Onchain and GitHub metrics show minimal developer contributions post-launch.
- Regulatory red flags around “Energy-Backed Dollar”
Their energy-backed dollar may face serious pushback from regulators. It's unclear if it will be able to reach real adoption.
- More buzzwords than builders
A lot of buzzwords and fancy narratives (modular, scalable, energy-secured), but there's little evidence of real-world traction, integrations, or any user adoption to back it up.