Quai Network, a next-generation Layer-1 blockchain, announced the official launch of its mainnet on January 29, 2025, followed by the Token Generation Event (TGE) on February 3, 2025.
Mainnet Launch and New Tokens
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. The second token, $QI, is an energy-backed stablecoin ensuring stability.
PoEM Consensus Mechanism
A standout feature of Quai Network is its Proof-of-Entropy-Minima (PoEM) consensus mechanism, offering unparalleled scalability. By merging currency with energy, PoEM eliminates block contention and provides faster transaction finality while keeping costs low. It is fully compatible with the Ethereum Virtual Machine (EVM), allowing seamless dApp deployment.
Token Distribution and Airdrop Details
Quai Network will reward early supporters by distributing $QUAI tokens to key stakeholders, including testnet participants and developers. Community members completing the KYC process by January 22, 2025, can claim the first wave of airdrops, set to occur in three phases.
The mainnet launch of Quai Network marks the culmination of years of research and development, during which the platform underwent multiple testnet phases.
