$QUBIC just had its “Quarterly Progress and Outlook Discussion” call and this is the extract of all the useful info.

As in any report, there were many facts we already knew so I won’t go over them, because that’s boring. I’d rather mention important developments and things that were actual updates.

Three focus areas were:

- developing a vibrant ecosystem;

- advancing AI research and development;

- ensuring ecosystem financial health and long-term sustainability.

QUBIC Project Funding

This was important for me to hear, because without pre-mine, KOLs, and VCs you need funds to push the marketing efforts. Apparently, this has been solved.

- Implemented technology to redirect 8% mining rewards to causes deemed relevant, interesting, or positive for the network.

- Secured sustainable funding for ongoing ecosystem activities through a computer-controlled fund.

- Gained interest from business institutions, universities, and investors. WEB3 VCs are interested in stepping in and helping grow $QUBIC ecosystem through physical events, investor relations, and roundtables.

- Specifically, there is interest of $20mil from VCs looking to purchase QUBIC from the market.

Marketing and Branding

So there has been a lot of talk about Serotonin- a marketing agency hired by $QUBIC, but we haven’t seen anything from them yet. Fear not, they are prepping everything up and they aren’t sitting on their ass.

- Announcing a new branding and messaging campaign at the end of the month.

- Brand growth strategy will increase X and Discord followers by 25% through channels like ads, paid sponsorships such as Coindesk is ready to roll out any day.👀

- Cooperation with Hong Kong based agency for Chinese market. Everything QUBIC-related is currently being translated into Chinese.

- In-house marketing and ecosystem are set and great online campaigns are coming up.

- Onboarding teams, preparing partnerships, writing white paper, and community updates are ongoing.

- Introduction of QUBIC Academy, which will serve as an educational resource for new users.

Technical

There is a lot going on here but a lot of it is improvements, optimization, writing papers and tutorials etc. Boring but useful stuff which should be done and is being done. Here is the standout info.

- New talent from Google and Filecoin had been hired. Web2/web3 mix of talent is currently working on $QUBIC project.

- Introduced a new mining scheme (Custom Mining) where 50% of the mining power can be redirected for other tasks like big data calculations. Running programs directly may compromise network security, so custom mining must be designed to maintain security.

- Custom Mining can either mine other cryptocurrencies or earn $ from selling the mining power to repurchase and burn QUBIC from the market. This is still to be decided on.

- Staking service #QEARN, although not a QUBIC core project, should be ready to ship within 1 month. It will allow QUBIC holders to participate in Proof-of-Stake reward program.

- Enabled the introduction of halving next year through the implemented emission schedule.

- Planning to introduce light nodes to complement full nodes in the network.

- There are currently 4 smart contracts from external teams in the pipeline being reviewed. The ecosystem is starting to gain momentum.

- There are at least 3 sizable projects looking to build on QUBIC and they should be onboarded by the end of Q4.

Exchanges and Wallets

- Proposal for integrating $QUBIC into Ledger presented this week.

- Integration with Tangem wallet currently being discussed with Tangem team.

- Wallet-Connect integration will allow multiple wallets to connect with DeFi services.

- Tier 1 Exchange listing was mentioned briefly but it seems that Q4 is still the listing timeframe.

#AI, #ANNA, and #aigarth

- The 2 $QUBIC in-house scientists working on the AI whitepaper and the team is in touch with another scientist to peer-review the work. Expected release is in Q4.

- AIGarth #AGI is planned to be developed within 1.5 – 2 years.

- ANNA - the chatbot currently under training is the current front-end for AIGarth AGI. ANNA is the first spark of AIGarth AGI to prove to scientific community that AGI is achievable.👀

- Currently there is a discussion to reward QUBIC community for training ANNA ANN.