Quarkcoin Distribution

distribution

With Quark getting buzz and rising in price so quickly, it has come under a lot of scrutiny about the distribution of the coin. It was recently noted over on the Quark Forum, that the Top 100 wallets own 59% of all Quark.

This is a lot, but to be fair how does it compare to other alt-coins. Below is a simple graph explaining the distribution of other top coins according to market cap (source). Will let you make your own judgement.

One thing to note is how long these coins have been around, Peercoin for example has been around for more than 1 year yet still has a 64% concentration in the top 100 wallets. Being the youngest coin on the block, this can only be a positive for Quark ...

Top 100 Wallet Concentration*

Data as of December 2013

Quarkcoin Distribution

What about Bitcoin?

Considering Bitcoin has been around for almost 5 years, it is really unfair for it to be included. There have been many spikes and sell-offs over the years, giving it a healthy turnover. With Quarkcoin being only 5 months in the making, 59% seems to ahead of the curve.

*Note: Although wallet data is in the public block explorers, it is impossible to know how many wallets are owned by each individual. Many individuals own multiple wallets for security reasons, which is encouraged. This is for all digital currencies. So take this with a grain of salt, it is only meant to compare against other alt-coins ...
Data Source



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What do you think?