Is Qubetics (TICS) a Scam or Legit? Here’s the Full Review

Qubetics has raised over $17 million in a presale and is grabbing attention with its promises of real-world asset tokenization, low-code dApp creation, and cross-chain wallets.

But behind all the flashy marketing, many are asking the same thing: Is Qubetics legit, or is it another crypto project with more hype than substance?

Let’s walk through everything you need to know from who’s running the project and what the tokenomics look like, to what users are saying and whether there are legal risks you should be aware of.

If you are interested in crypto trading, explore Bitrue and enhance your experience. Bitrue is dedicated to providing safe, convenient, and diversified services to meet all crypto needs, including trading, investing, purchasing, staking, borrowing, and more.

Key Takeaways

1. The team is public but not fully transparent. There’s no proof of prior experience or legal registration.

2. Tokenomics raises concerns. A huge chunk of the supply is in presale, and there’s no audit of how funds are used.

3. Community signals are mixed. Real concerns are being raised, and responses often go unanswered.

Who is Behind Qubetics? A Look at the Team and Transparency

Qubetics introduced its leadership team during an AMA in October 2024. The project is led by CEO Shaffy Yaqubi, with Matthew Collins as COO, Winn Faria as CTO, and Karan Chopra heading development.

While it’s good that the team is named, there’s little proof of their experience or credibility in the crypto space. LinkedIn profiles are sparse or lack meaningful work history, and no third-party coverage verifies their past achievements.

There’s also no public documentation on where the company is registered or under what legal entity it operates. This becomes an issue when you consider they’ve raised over $17 million. Investors have a right to know how and where that money is being handled.

The team has mentioned they’re working with CertiK on a smart contract audit, but that audit hasn’t been published yet. Without it, there’s no public assurance that the contract is secure or that investor funds are being protected from exploits.

Read Also: What is Qubetics (TICS) Network? An Introduction

What Do the Tokenomics and Presale Reveal?

According to the Qubetics whitepaper, the project’s tokenomics are designed around flexibility and scale. But the more you read, the more questions arise. The total supply of $TICS is dynamic; it depends on how much is sold during the presale. This makes it hard to predict future value or scarcity.

Here’s how the token supply is currently allocated:

38.55% for presale

21.85% for ecosystem incentives and validator rewards

13.78% for network operations

8.53% for reserves

7.00% for the foundation

5.00% for the team (with a 6-month cliff)

3.29% for community incentives

2.00% for advisors (with vesting)

The presale began on September 27, 2024, and has already raised a significant amount. However, the project hasn’t shared how that money is being used, whether there’s a multi-sig wallet, or if any funds are being audited. Combine that with the fact that no product is live yet, no testnet, no demo, and no codebase, and it’s understandable why people are concerned.

Read Also: What is $TICS as Qubetics Network Token?

What’s the Community Saying?

Qubetics has active accounts on Telegram, Discord, X, and Instagram. Most of their content focuses on presale milestones and promotional graphics.

However, when users ask real questions about the audit, token utility, or roadmap, the responses are often vague or nonexistent.

There are also signs of artificial engagement. Posts across platforms sometimes repeat the same phrases, which suggests bot activity.

On Trustpilot, Qubetics has a 3.6-star rating, but over 30% of reviewers call it a scam. One Reddit user even shared a detailed regret post about joining the presale, claiming there was no transparency or progress after their investment.

It’s worth noting that not every negative review confirms a project is a scam; sometimes people are simply unhappy with delays. But the pattern of mixed reviews, silence on hard questions, and over-reliance on marketing raises red flags.

Read Also: What is QUSD Token in Qubetics Network

Can You Even Buy $TICS Tokens Safely?

Currently, $TICS is only available via the Qubetics presale on their official website. To buy in, users need a self-custody wallet like MetaMask or Trust Wallet and must pay in USDT or ETH. There is no KYC, and there’s no mention of plans for centralized or decentralized exchange listings.

This is a red flag for liquidity. If tokens aren’t tradable outside the project’s own portal, investors might find themselves stuck holding something they can’t sell.

Also, without an audit, there’s no guarantee the smart contract works as intended or that funds are safe post-purchase.

Some presales are totally legit, but many are not. Without audits, a live product, or legal clarity, participating in this one is definitely high risk.

Read Also: TICS Presale: How to Buy Qubetics Token ($TICS)

Legal Clarity: Is Qubetics Registered or Regulated?

One of the biggest concerns is Qubetics’ complete lack of legal transparency. The whitepaper and GitBook do not name any official company registration, and there are no public records showing where or under what laws the team operates.

They also don’t require KYC, which raises questions about Anti-Money Laundering (AML) compliance.

Even if this is for the sake of user privacy, skipping KYC can make it difficult to list on major exchanges later. It also removes investor protection. If something goes wrong, there’s no easy way for affected users to take action or contact the authorities.

So far, no financial regulators have issued warnings about Qubetics. But remember, many scam projects only get flagged after it’s too late.

Read Also: Qubetics Token (TICS) Tokenomics: Allocation and Distribution

Conclusion

Qubetics has bold ambitions and an active marketing campaign, but the lack of legal clarity, missing audit, and unverified team history make this a high-risk investment.

The $17 million raised is impressive, but without a working product or exchange listing, it’s hard to gauge the real value or utility of $TICS.

If you’re exploring crypto projects and want to stay on the safer side, use platforms that prioritize transparency and security.

Bitrue is a great example, a trusted exchange that offers a clean interface, advanced security, and access to a wide range of crypto assets. Whether you’re just starting or already deep into the crypto world, Bitrue makes trading simpler and safer.

FAQ

Is Qubetics a confirmed scam?

Not officially. There’s no regulator warning, but the lack of transparency, audit, and legal structure makes it a very risky investment.

Can I trade $TICS on an exchange?

Not yet. $TICS is only available through the project’s presale site. It’s not listed on any centralized or decentralized exchanges.

Has Qubetics released any working product or demo?

No. As of now, there is no testnet, working product, or live codebase available to the public.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.