• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Quai Network Announces Mainnet Launch Date and Token Generation Event

user avatar

by Giorgi Kostiuk

2 months ago


Quai Network, a next-generation Layer-1 blockchain, has officially announced the launch date of its mainnet for January 29, 2025. Following this, the Token Generation Event is scheduled for February 3, 2025.

Main Network Launch Details

As part of its mainnet launch, Quai Network introduced a dual-token system that will serve as the backbone of its ecosystem. The first token, $QUAI, will act as the primary utility token, enabling decentralized applications (dApps) and smart contracts on the network. It powers value transfers, decentralized finance (DeFi) solutions, and programmable financial systems on Quai. The second token, $QI, is an energy-backed stablecoin that provides a reliable, decentralized alternative to traditional financial systems. $QI is pegged to real-world energy costs, ensuring its stability.

Innovative Consensus Mechanism: PoEM

One of the standout features of Quai Network is its Proof-of-Entropy-Minima (PoEM) consensus mechanism, which is designed to offer unparalleled scalability. By merging currency with energy, Quai Network introduces a decentralized energy-dollar system with $QI. The PoEM consensus eliminates block contention, providing faster transaction finality while keeping network costs low. Unlike traditional proof-of-work blockchains, Quai Network’s architecture dynamically adjusts to growing demand by adding shards to increase throughput.

Token Distribution and Airdrop Details

To reward early supporters, Quai Network will distribute $QUAI tokens to key stakeholders, including testnet participants and developers. Community members who complete the KYC process by January 22, 2025, can claim the first wave of $QUAI airdrops through detailed instructions available on Quai’s official website. A total of three distribution waves will take place, with the second wave open to the public. It's worth noting that Quai Network’s mainnet launch is the culmination of years of research and development.

The launch of Quai Network's mainnet marks a significant milestone in its ambition to become a decentralized global monetary system, independent from governments and central banks. With innovative solutions like PoEM and its dual-token system, Quai Network is poised to offer a sustainable and scalable platform for the future of commerce.

0

Share

Other news

AI Agents in Cryptocurrency: Overview of 10 Promising Projects for 2025

Explore the world of AI agents in the cryptocurrency industry and learn about 10 projects that will shape the market in 2025.

user avatarGiorgi Kostiuk

a few seconds ago

Dragoin ($DDGN) Launches Amid Decline of Major Tokens

The public sale of Dragoin ($DDGN) begins as interest in Dogecoin and Cardano wanes. Discover more about this new project.

user avatarGiorgi Kostiuk

a minute ago

News about Mantle: New Updates and Current Trends for MNT

MNT continues a bearish trend despite the launch of new products and strategies, including Mantle Banking and MI4.

user avatarGiorgi Kostiuk

2 minutes ago

Nexchain: A Promising Project at the Intersection of Blockchain and AI

Nexchain represents a new project in the blockchain market integrating AI for high speed and efficiency.

user avatarGiorgi Kostiuk

10 minutes ago

Crypto Fear & Greed Index Signals Recovery

Crypto Fear & Greed Index rises to 25, indicating increased investor confidence despite caution.

user avatarGiorgi Kostiuk

11 minutes ago

Dollar Shows Strength While Euro Weakens: Analyzing Forex Trends

Exploring recent shifts of the dollar and euro in the Forex market and their implications for the economy and traders.

user avatarGiorgi Kostiuk

12 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.