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.
WHY-17.2%
QUAI0.11%
WORK-5.73%
TOKEN-1.47%
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