01 Quantum launches $qONE token for Web3 security

Executive Summary

• 01 Quantum Inc. and qLABS announced the successful completion of the $qONE Token Generation Event (TGE) on HyperEVM, with $qONE now live for trading on the Hyperliquid decentralized exchange.
• The token launch establishes the on-chain and economic framework for the qONE security protocol, serving as the foundation for activating a quantum lock-unlock mechanism using 01 Quantum's QCW and QDW technologies.
• The release outlines a three-phase deployment strategy for qLABS, moving from the current token launch to the integration of IronCAP-based quantum circuit breakers and finally to quantum-resistant authorization for wallets and assets.

Key Details

• Token Launch: $qONE Token Generation Event (TGE) completed on HyperEVM by qLABS.
• Trading Status: $qONE is now trading live on the Hyperliquid decentralized exchange platform.
• Protocol Foundation: The token establishes the framework for the qONE security protocol, specifically to activate a quantum lock-unlock mechanism.
• Core Technologies: The protocol utilizes 01 Quantum's QCW (quantum crypto wrapper) and QDW (quantum DeFi wrapper) technologies.
• Deployment Strategy (qLABS):
  • Phase 1: $qONE token launch and protocol foundation (Current status).
  • Phase 2: Integration of a quantum circuit breaker using IronCAP (01 Quantum's NIST-aligned cryptographic engine) combined with zero-knowledge proofs.
  • Phase 3: Expansion to quantum-resistant authorization for wallets, assets, and protocol-level transactions.
• Technical Architecture: IronCAP enables incremental adoption of post-quantum security without requiring changes to base-layer consensus or disruptive migrations.
• Patents: IronCAP technologies are protected by US Patents No. 11,271,715 and No. 11,669,833.

Notable Quotes

• Antanas Guoga (Tony G), President of qLABS: "In traditional security, defenses are deployed before the breach. $qONE applies that same, crucial discipline to Web3 in anticipation of quantum threats."
• Andrew Cheung, CEO at 01 Quantum: "The $qONE TGE is not the end state, it is the starting point. It creates the conditions necessary to deploy Q-Day threat protection safely and at scale for existing digital assets without the need of any hard forking or modification of an existing L1 chain."