qubetics

Qubetics announced on October 16 that it is making 29 GitHub repositories public after ending development on its blockchain and applications. The project reported raising over $18 million through its presale.

The GitHub release covers 15 core and 14 wallet repositories, including blockchain, decentralized VPN, explorer, and wallet software. Qubetics said publication would preserve completed work and let developers and holders independently examine it.

Developers can review, fork, or build on the code, but it may need further testing, configuration, and development before production use.

Chain abstraction repositories remain under technical review, with publication expected by the end of the following week. No replacement roadmap or commitment to restart development was announced.

Qubetics also reported burning 333.64 million TICS, half its previous treasury balance. Maximum supply falls to 960.13 million TICS, with the treasury holding 34.75%. No decision has been made on the remaining treasury tokens.

In August, Qubetics presented its Ethereum migration as a foundation for continued product development. TICS migrated in September. On October 6, the project said it had stopped commissioning development and was ending its engagement with Antier, acknowledging that the original technology had not been delivered within the expected timeframe or scope.

#Qubetics #Presale #Layer1 #Antier #Cryptoprojects

Qubetics announced on October 6 that it has stopped development of its Layer-1 blockchain, chain abstraction protocol, and decentralized VPN, and is ending its engagement with Antier.

The project reported over $18 million raised in its presale. It acknowledged that its original technology was not delivered within the expected timeframe or scope.

Beta testing began in October 2025. In March 2026, Qubetics cited CertiK audit findings requiring architectural changes and reported VPN problems. Its August Ethereum migration announcement still promised continued product development.

Qubetics now plans to review and publish its code on GitHub after the Antier handover. No replacement roadmap was announced.

Qubetics denied shutting down and said token ownership gives no management rights. Updates will follow material developments.

It reported burning 68.09 million team $TICS, cutting supply by 5% to 1.294 billion. The treasury retains 667.28 million TICS, or 51.6% of supply. Further burns and a 12-month lock are planned after a review, but burn amounts and lock terms remain pending.

The update does not disclose presale spending, remaining funding, or practical $TICS utility after the development halt.

#Qubetics #TICS #Antier #Layer1 #blockchain