Post-Quantum qONE HyperLiquid Token Sale in 24 Hours, Raises $950,000
Acting Editor-in-Chief
Gary McFarlane
Acting Editor-in-Chief
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If the qONE token presale is anything to go by, interest in post-quantum cryptography (PQC) solutions is off the charts right now.
qONE token details today at 2pm UTC. To claim tokens, presale contributors are advised to use HyperLiquid Compliant Rabby Wallet. More details about the token generation event are available on the official qLABS website.
qLabs is the company behind the new token, which raised $950,000 in a public sale within 24 hours. Two percent of the total token supply is offered to contributors.
QONE is the first quantum-resistant token on Hyperliquid. Partnering with publicly listed Canadian quantum-defense-focused cybersecurity company 01 Quantum is an ERC-20-based PQC solution.
The project may have made a wise choice in going for what it described as a ‘limited' pre-sale, given the bearish backdrop to the crypto markets' unusually strong pre-sale.
As the qONE team says, ‘guess beware'
According to qLABS, the relatively small allocation is intended to reduce early speculative volatility, maintain long-term alignment and ensure adequate treasury and ecosystem funding.
Arguably, the crypto industry is waking up to a threat of late.
Although tech luminaries like Nvidia CEO Jensen Huang think useful quantum computers won't be with us for 15-30 years, others believe it could be as little as 5-10 years.
Either way, companies need to start planning now, wherever public-key cryptography is used in crypto and beyond.
qLabs believes that companies and other custodians of crypto assets are now taking seriously the reality of preparing for Q-day (when quantum computers will be able to break encryption and derive private keys from public keys).
qLABS technology can have a significant first mover advantage.
Be it RSA (widely used for internet and banking services), or Elliptic Curve Cryptography (ECC) for generating keys and SHA-256 for hashing (encrypting transactions), or ERC-20 for assets, Keccak-256 for hashing and ECDSA (Elliptic Curve Digital Signature Algorithm) for signing.
We asked the team how it fits into their solution at qLabs. You'll see the competitive landscape fall into three distinct groups:
Post-quantum research and migration projects (eg, Project Eleven), mainly focus on identifying vulnerable keys and optimizing long-term migration paths, especially for Bitcoin and legacy assets. Chain-level solutions where Layer-1s or Layer-2s test future cryptographic enhancements. These tend to be slow, consensus-heavy, and incompatible with existing assets. Wallet and security providers are experimenting with strong key management, but not full NIST-compliant post-quantum encryption.
Likewise, Ada Jonuse, CEO said, “qONE's competition is not a single product, but a combination of inactivity, late chain updates and partial security solutions that don't protect assets today.
So how does QONE's quantum-proof technology, like Project Eleven, backed by Coinbase Ventures among others, differ from competitors?
“qLABS technology makes quantum-resistant cryptography compatible with existing chains. By integrating a proprietary zero-knowledge proof engine with NIST-approved post-quantum algorithms, qLABS enables fast and inexpensive migration to Lab1 chains as well as superior on-chain performance. And even PQC-based private and public keys are beyond Joko.”
The National Institute of Standards and Technology (NIST) is the US standards agency. 01 Quantum IronCAP technology is the foundation of qONE's post-quantum cryptography solution.
According to the team, the qLABS solution will arrive in Q1 2026 as “today's pocket technology solution to protect major crypto assets from quantum attacks.”
qLABS is well placed to start reaping first mover advantages. “To our knowledge, there are no viable solutions to address this problem early,” says Jonus.
Ethereum assets will be the first to benefit
qLABS decided to first roll out its solution to ERC-20, followed by Solana and then other Layer 1 solutions including Bitcoin.
“The first step in combating quantum risk is protecting the assets of cryptoholders today, and we strongly believe that every chain must start from that secure environment. We are ready.”
“By the way, this approach is similar to what Project Eleven is talking about with their next technological breakthrough, a security solution via wallet.”
The Quantum-Sig product is the solution's core technology, which can be considered a security protocol rather than a replacement wallet that takes ownership of funds.
The product is available for both end users and businesses. Market participants may be pleasantly surprised to see such robust utility tokens emerging at a time when literally useless meme coins seem to be ruling the roost.
qLABS estimates the total addressable market for ARC-20 assets to be $1 trillion, of which qONE aims to provide quantum-resistant security for 2% ($20 billion).
According to the project, value accumulation comes from transaction and service fees; Aggregation of rewards supported by protocol usage and price reduction mechanics (burns or buybacks)
Johnuse concluded in a measured tone: “Actual predictions are guesswork, but the model is designed to scale token value scales with proven asset volumes, not mere guesswork.”
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