CoinYQ Dossier

Q arrived after Quack AI had already chosen who could vote

Quack AI’s history starts with a Passport and an SBT ballot, then adds a mintable token, a legal issuer and a facilitator for automated execution. The question is not whether AI appears in the product; it is which key turns an AI recommendation into a binding action.

The duck began as an identity card

Before Q traded, Quack AI asked users to mint a non-transferable Passport. In April 2025 its first vote counted DuckChain Genesis SBTs, not Q: one SBT gave 100 voting power and a proposal needed 10,000 quorum. The earliest functioning governance therefore joined an account system, Passport and SBT.

A new ticker enters

On 31 August 2025 the project introduced a 10 billion token called Q. CoinGecko’s quack-ai entry follows that Q at 0xc07e…0589; it is not RichQuack or another asset whose ticker is QUACK.

The launch split 79% across community and ecosystem buckets, then 10% to core team and 11% to investors/advisors. “Community” still includes treasury, marketing and liquidity wallets controlled through distribution operations, so the label does not mean all tokens were immediately held by voters.

The cap lives in prose, not bytecode

The MiCAR paper says all 10 billion were minted at launch and no more will be created. PeerToken tells a different control story: its minter can mint any amount, and owner 0xF4C4…0CC4 can replace that minter. The announced cap is an operator commitment, not a Solidity require.

Two chains reuse one address

Ethereum and BNB Chain host separate PeerToken instances at the same hexadecimal address. Each showed roughly 5 billion Q on 5 September 2026. The paper calls Ethereum native and BNB a 1:1 bridged representation, yet no bridge contract and reconciliation method appear in the reviewed sources; cross-chain conservation therefore depends on the minter and off-contract operations.

The company finally has a legal name

The regulatory paper names Alethe Labs Limited, registered in the Marshall Islands on 6 May 2025, and director Feranil Froylan. It also says no EU authority approved the paper. This is stronger identification than a brand-only footer, but not regulatory endorsement.

Its rights section is equally useful: Q is utility for governance, staking and services where those products exist. It is not equity, a dividend, repayment right, revenue share or claim on issuer assets, and receives neither investor-compensation nor deposit-guarantee coverage.

Q governance is still a contract-location question

Later materials say Q holders can vote, submit proposals and delegate to AI agents. They do not publish the current governance or staking addresses and live quorum parameters reviewed here. The April SBT rules prove that the platform can run a vote, not that every Q balance now controls every integrated DAO.

Rewards are a schedule, not a property

Community campaigns paid AIQ points and promised eligibility, while the Q paper describes staking locks, fees and rewards set by governance. Without a published staking contract, current reward reserve and full schedule, holding Q alone does not create a fixed yield. The 12-month team cliff is also only the beginning of a vesting description; the later cadence is unspecified in text.

Q402 moves authorization through an operator

Q402 is open-source payment plumbing built around signed instructions, a facilitator and an EIP-7702 executor. Its repository says it works with any ERC-20, so using Q402 neither requires Q nor gives a Q holder ownership of the relay.

The service terms warn that relays may fail and the main platform may suspend access. AI scores, proposal drafts and execution assistance remain operated products whose authority comes from integrations and signed permissions, not intelligence claims alone.

The durable right is narrower than the pitch

The Q contract is direct rather than upgradeable and exposes no pause, freeze, blacklist or tax switch. That narrows one class of admin risk. It leaves a more important one intact: owner selects the uncapped minter, while token utility depends on separately operated apps, staking and governance contracts that have not all been published and audited together.

How the project changed

  1. 1 April 2025
    Quack AI 1.0

    Chat and invite activity begins producing AIQ points.

  2. 21 April 2025
    Passport gate

    A non-transferable Passport becomes required for core app participation and future reward eligibility.

  3. 28 April–5 May 2025
    First vote

    Genesis SBT holders vote with 100 VP each under a 10,000 quorum.

  4. 6 May 2025
    Issuer registration

    The MiCAR paper dates Alethe Labs Limited’s Marshall Islands registration.

  5. 31 August 2025
    Q announced

    The project publishes Q identity, 10 billion headline and allocation plan.

  6. 2 September 2025
    Planned TGE

    The announcement schedules token generation while warning Q was not yet tradable on 31 August.

  7. 4 October 2025
    MiCAR notification date

    The paper records its notification and warns that no EU authority approved it.

  8. 2026
    Q402 expansion

    Quack AI frames governance, authorization and execution as a connected product stack.

Evidence and primary sources

Last evidence review: 2026-09-05

What is Quack AI?

Quack AI combines an AI-assisted governance platform, Passport identity, Q utility token and Q402 payment/authorization stack. CoinGecko ID quack-ai tracks Q at 0xc07e1300dc138601FA6B0b59f8D0FA477e690589.

What problem does Quack AI solve?

Marketing compresses AI analysis, token voting and automated execution into one governance layer. In practice the first vote used SBT eligibility, Q minting depends on owner/minter keys, staking contracts are not identified, and Q402 works with any ERC-20 through a facilitator.

How does Quack AI work?

PeerToken records balances, burns and an owner-selected minter; it has no code cap or upgrade/freeze path. Passport and SBT controlled early eligibility. Later documents assign Q governance, staking and service access, but those rights require separate deployed modules and terms. Alethe Labs Limited operates within the legal boundary stated in its MiCAR paper.

Key facts

  • CoinGecko quack-ai is Quack AI ticker Q, not a QUACK-ticker meme token.
  • Ethereum and BNB address: 0xc07e1300dc138601FA6B0b59f8D0FA477e690589.
  • PeerToken is not a proxy and has no pause, freeze, blacklist or fee switch.
  • Minter can mint without a code cap; owner 0xF4C4776830352a230560e59BED5E251dAc470CC4 can change minter.
  • The 10 billion fixed-supply statement is an issuer commitment, not enforced bytecode.
  • Allocation: 30% community, 15% ecosystem, 12% airdrop, 11% treasury, 6% marketing, 5% liquidity, 10% team, 11% investors/advisors.
  • Team allocation has a 12-month cliff; the text does not give a complete later cadence.
  • Alethe Labs Limited was registered 6 May 2025 in the Marshall Islands; Feranil Froylan is named director.
  • The first vote used Passport plus Genesis SBT, 100 VP per SBT and 10,000 quorum.
  • Q-based governance and staking are promised, but current contract addresses and full parameters were not found.
  • Q402 supports any ERC-20 and depends on facilitator/executor operation; it is not an ownership right embedded in Q.
  • Q grants no equity, dividend, repayment, revenue or issuer-asset claim and no deposit guarantee.

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Frequently asked questions

Is the quack-ai token QUACK?

No. Its ticker is Q. Verify 0xc07e…0589; RichQuack and other QUACK assets are different contracts.

Can more than 10 billion Q exist?

Project papers say no, but PeerToken contains uncapped mint and owner-controlled minter replacement. The cap therefore depends on operations and cross-chain reconciliation.

Does Q currently control Quack AI governance?

Materials promise Q voting and delegation, but the first documented vote used Passport and Genesis SBT. Current Q governance contracts and parameters were not published in the sources reviewed.

Does staking Q guarantee yield?

No. The paper makes rewards, locks and fees product parameters. No verified staking address, current rate or immutable reward right was found.

Do I need Q to use Q402?

The repository says Q402 works with any ERC-20. The relay and executor require signatures and service operation, not Q ownership.

What legal rights does Q provide?

The MiCAR paper limits Q to utility and expressly excludes equity, dividends, repayment, revenue and issuer-asset claims.

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