Quai Network announced that its highly anticipated mainnet will officially launch on January 29, 2025, with its Token Generation Event (TGE) to follow on February 3, 2025.
Mainnet and Dual-Token System
As part of its mainnet launch, Quai Network introduced a dual-token system. The first token, $QUAI, will serve as the primary utility token enabling decentralized applications and smart contracts on the network. It supports value transfers and decentralized finance (DeFi) solutions. The second token, $QI, is a stablecoin pegged to energy costs, providing a stable and reliable alternative to traditional financial systems.
PoEM Consensus Mechanism
One of the standout features of Quai Network is its Proof-of-Entropy-Minima (PoEM) consensus mechanism, designed for scalability. By merging currency with energy, it introduces a decentralized energy-dollar system with $QI. The PoEM consensus eliminates block contention, ensuring faster transaction finality and reducing network costs. The network dynamically adjusts its sharding to increase throughput, meeting growing demand.
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 completing KYC by January 22, 2025, can claim the first wave of $QUAI airdrops. Three distribution waves are planned, with the second wave open to the public.
Quai Network's mainnet launch is the culmination of years of research and development, validated by multiple phases of testing with significant user participation.
