Can Qubic Network Recover And Make New All Time Highs?

hey everyone welcome back to crypto Empire where we dominate the crypto Market my name is Connor in this video I'll be going over the cubic Network which is a layer one proof of useful work cryptocurrency that actually utilizes the energy put forth from the proof of work to train artificial intelligence models there's a lot going on with this project and there's been a ton of updates over the past few weeks so I want to make this video to go over all the updates about cubic as well as my general thoughts at this point about the project and how well I think can do this bull market cycle let's get into the [Music] [Applause] video so cubic is currently ranked 237 in the overall crypto market cap with a 26. 5 million market cap now a current price I denominate cubic by billions of units all right so currently one billion cubic units is worth $1,998 basically $2,000 per billion right now for cubic denominating it in billions is the most practical way to go about this now the total supply of cubic is 100 trillion however there is some major news there is going to be a proposal that I believe is going to go live on the 8th of August in about 6 days time so there is a proposal to reduce the supply sorry not 100 trillion 1,000 trillion right they're going to reduce 1,000 trillion total cubic units all the way down to 200 trillion this is an 80% reduction in the fully diluted valuation all right this is Major so as Tommy does crypto here he says in this post he says longterm scarcity has increased and Emissions now will be adjusted over time too he says this is super bullish I do agree with him and this was much needed as it means there will be less selling pressure over time by the miners like a Bitcoin having reduction all right so an 80% Supply cut it does need to be voted on by the quorum quorum network of computers but this is in works right now now this is only one of um a few updates about cubic right A lot has been happening about this project the team um everybody involved the community has been very very vocal on X or Twitter recently now also you can check out the cubic Network Explorer to also see the market cap it was recently updated on coin G that you can see the accurate market cap but you can also see that on the direct cubic Network Explorer I'll leave the link to this in the in the video description down below if you want to go ahead and check it out explore it on your own now in regards to you know some fundamentals about cubic now this is an experiment it's an early stage startup right they're building something that is yet to be proven but if it does actually succeed it has the potential to be one of the biggest projects that the crypto Market has ever seen and let me explain by that what I mean by that so cubic the first ever useful proof of work layer one blockchain all right I recommend you go you guys go check out their website and watch the videos they have a lot of really informational short videos explaining this complex project in easy to digest bites of content all right so first of all it's open source which is very very important Fess transactions and offline payment verification all right that's pretty unique if you ask me Fess transactions cubic is one of the few layer ones which does not charge for making value transfers finality ensures that votes from 451 computers the Quorum are reliable for offline payment verification Also I spoke about in the intro how cubic utilizes the energy from the useful proof of work to train AI models AI gar aims to provide true AI open source to everyone also cubic as a layer one has unique smart contracts and also they have a burning mechanism with the smart contracts so with burn mechanism and launched via an IPO with possibility of passive income if you do hold the shares to the smart contract it's a bit complex I won't cover it in this video useful proof of work Quorum as well which is cubic protocol for the true finality fastest smart contracts and decentralization again 451 computers do make up that Quorum and as well as oracles now cubic for the longest time it was only listed on the safe trade exchange it was a major complaint for a lot of people that it was only listed on safe trade people said they don't trust safe trade all that stuff lot of excuses but nonetheless cubic is now listed on 12 exchanges as you can see here and some big ones as well from mexe bitg gate. io and then xt.

comom is fairly big and and pretty legit if you ask me so yeah cubic now listed on a lot more exchanges than it used to be which is a very good thing Mexi bitg and gate being the most easily accessible by retail which is a huge step in the right direction when it comes to the volume of cubic where it's being traded most I'll show you and we can see that cubic is currently being traded the most on gate. io as well as bit to me which is an exchange that haven't heard of too much but nonetheless as you can see $2. 2 million of volume over the past 24 hours for these exchanges cubic is also generating decent volume on mexc as well as xt.