Hello, this is a full transcript of the Matty's AMA with QuarkChain team, I have found it quite enlightening, given all the FUD around the project, I feel like the video explains many things lots of people on the forums seem to be worried about. It sure has helped me understand some things about the project better and made me more interested in it.

I prefer to read so I made the transcript, you can find the original video at the end.

Marketing Questions

Q: How much is circulating supply? It looks very small on CoinMarketCap?

A: The CoinMarketCap hasn’t been updated yet. When we got listed on Binance (early June), there were only public sale tokens and all private sale tokens were locked up. We will have private sale released on a monthly base. This is the schedule: https://support.binance.com/hc/en-us/articles/360004471832-Binance-To-Open-Trading-For-QuarkChain-QKC-and-Risk-Warning.

The reason we design this way is that it’s bear market now, and we want to protect our public sale participants. Considering we want to have private sale participants with us for a long term, we decide to release our private sale gradually in a monthly base.

We sell 20% of the tokens for both public and private sales, and 40% for mining. Taking these into account, our sale amount/percentage is not small.

Q: What’s the next roadmap?

A: Development

The first thing we need to do is to make sure our testnet is stable and optimize our systems. We have found there are many places, not only in scalability part, but also in virtual machine and storage part, that we can improve in the following several months. We are also preparing articles of our technical details for open source several months later. We want to encourage community members to participate in our project and make our project not only our own project, but also the community’s project. Another big thing we are focusing on currently is our mainnet which will be launched in several months.

Marketing

Currently, we only separate our market into Chinese-speaking and English-speaking parts. We will have more strategies for different markets including Japan, Korea, Russia, Vietnam, Singapore, India and Europe. We will do more local stuff and enlarge our local community. Moreover, with the launch of testnet, we will build developer communities. At the beginning of August, we are going to hold the biggest hackathon in Bay Area with Google ABC. There are only three projects to be selected and we are very honored to be one of them. At that time, there will be many programmers from big companies such as Google, Facebook and Linkedin building dApps on top of us on this two-day hackathon. We also have our 50 million eco-fund to establish an open and collaborative ecosystem of QuarkChain and 30 partners just one month on exchange. Nine of them have adopted QKC in their ICOs, which was generally done in ETH in the past.

Korean Marketing

We recently had the signing ceremony with a very strong insurance company in Korea who has revenue of 20 million per year and decides to go blockchain and global. We also have several contracts ready including a leading AI company and leading financial institution in Korea. You will hear more news from Korean marketing very soon.

Q: How is your testnet performance going and what type of feedback do you get from people utilize it currently?

A: The testnet 1.0 is based on our first internal testnet three month ago, and the peak TPS during the live demo is about 14k transactions per second. This is obtained by our load test, which generates 3 million transactions and floods this 3 million transactions to the network. According to our records, it will only take us roughly 6 minutes to finish the 3 million transactions. However, it will take Ethereum several days to process these 3 million transactions. You are welcome to give a try to our testnet at https://testnet.quarkchain.io/

Except for the transaction speed, another thing we want to mention is that we have 6450 nodes. They are not just in one area but all over the world including US West, US East, Europe and Asia. We want to make the test environment as real as possible. With these nodes, we have achieved 14k TPS, which is the highest TPS on record in public testnet. Here is the testnet demo that demonstrate it.