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The token rate of QTUM, the Singapore-based project with Chinese roots, has increased by 17% per day, reaching $15. On 13 September, the launch of the mainnet of the platform is scheduled.

The QTUM token is traded to bitcoin at 0.0034 BTC. Within the last week QTUM added 36%, growing from 0.0025 BTC. According to CoinMarketCap, the capitalization of QTUM reached $871 million.

It is not a record level for the project. In late August, the capitalization of QTUM exceeded $1 billion. But after the Chinese authorities declared ICO illegal financial activity and called on projects that attracted financing through ICO to return funds to investors, the QTUM token rate fell by almost 40% within a day. Its capitalization fell to $600 million.

Traders rushed to sell QTUM tokens, fearing that the project has Chinese roots: there are Chinese residents among the development team. But later QTUM published an official statement in which it stressed that the company is registered not in China, but in Singapore.

Currently, Qtum is trading at $15.31 or 0.0035 BTC, with most of trading volume concentrated on the Korean cryptocurrency exchange Coinone. It accounts for more than 70% of the daily trading volume of QTUM tokens paired with the Korean won.

The reason for QTUM growth is the planned launch of the Mainnet scheduled on 13 September.

Qtum is a decentralized blockchain platform for developing and running decentralized applications and Turing-complete smart contracts.