Post-Quantum Qone Hyperliquid Token Sells Out In 24 Hours, Raises $950,000

What Happened

qONE is the first quantum-resistant token on Hyperliquid. It is an ERC-20-focused PQC solution developed in partnership with publicly listed Canadian quantum-resilience-focused cybersecurity company 01 Quantum.

Chain-level solutions, where Layer-1s or Layer-2s explore future cryptographic upgrades. These tend to be slow, consensus-heavy, and not backward-compatible with existing assets.

As such, Ada Jonuse, Executive Director says, “qONE’s competition is not a single product, but the combination of inaction, delayed chain upgrades, and partial security solutions that do not protect assets today.”

Market Context

In what has been an unusually strong presale, given the bearish backdrop that has descended on crypto markets, the project may have made a wise choice in going for what it describes as a ‘limited’ presale.

qLABS says that the relatively small allocation was designed to reduce early speculative volatility, preserve long-term alignment, and ensure sufficient treasury and ecosystem funding.

We asked the team at qLabs about how their solution fits in. They see the competitive landscape falling into three distinct groups:

The National Institute of Standards and Technology (NIST) is the US standards agency. 01 Quantum’s IronCAP technology is the foundation of the qONE post-quantum cryptography solution.

Why It Matters

Although tech notables such as Nvidia CEO Jensen Huang think that useful quantum computers will not be with us for 15-30 years, others believe it could be more like 5-10 years.

qLABS technology May Have a Significant First-Mover Advantage

Details

If the record sell-out of the qONE token presale is anything to go by, the interest in Post-Quantum Cryptography (PQC) solutions is off the charts right now.

qONE token lists today at around 2pm UTC. To claim tokens, presale contributors are recommended to use the Hyperliquid-compliant Rabby Wallet. More details about the token generation event can be found at the official qLABS website.

qLabs is the company behind a new token that has just raised $950,000 from contributors in a public sale that sold out in 24 hours. Two percent of the total token supply was available to contributors.

qONE Team Says ‘Speculators Beware’

Arguably, the crypto industry is belatedly waking up to the threat it poses.

Either way, companies need to start planning now, in crypto and beyond, wherever public-key cryptography is being used.

qLabs believes that companies and other custodians of crypto assets are now taking the reality of preparing for Q-Day (when the quantum computers can derive private keys from public keys by cracking the encryption) seriously.

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 in the case of ERC-20 assets, Keccak-256 used for hashing and ECDSA (Elliptic Curve Digital Signature Algorithm) for signing – the need for workable solutions is now concentrating minds.

Post-quantum research and migration projects (e.g., Project Eleven), which focus primarily on identifying vulnerable keys and facilitating long-term migration paths, particularly for Bitcoin and legacy assets.

Wallet and custody providers are experimenting with stronger key management, but not full NIST-aligned post-quantum cryptography.

So how does qONE’s quantum-resistant technology differ from competitors like Project Eleven, which is backed, among others, by Coinbase Ventures?

“qLABS technology makes quantum-resistant cryptography compatible with the existing chains. Uniting proprietary zero-knowledge proof engine with NIST-approved post-quantum algorithms, qLABS enables faster and cheaper migration for Layer 1 chains as well as superior level chain performance. And this despite the fact that PQC-based private and public keys are more than 20x bigger than the standard ones,” Jonuse, explains.

According to the team, the qLABS solution will land in Q1 2026 “to protect major crypto assets from quantum attacks today with a wallet technology solution.”

qLABS is well-positioned to start reaping the benefits of first-mover advantage. “To our knowledge, no viable solutions exist to solve this problem so early,” says Jonuse.

Ethereum Assets Will Be First to Benefit