Quai Network, a groundbreaking Layer 1 blockchain designed for scalability and decentralized innovation, has announced the launch of its Mainnet on January 29, 2025, with a Token Generation Event (TGE) scheduled for February 5, 2025. This milestone introduces a dual-token system: $QUAI, a utility token for powering decentralized applications and financial systems, and $QI, an energy-backed stablecoin providing a decentralized alternative to traditional financial systems.
The Mainnet marks the culmination of years of extensive research and development, establishing Quai Network as a leader in blockchain scalability and decentralization. The network is powered by its innovative Proof-of-Entropy-Minima (PoEM) consensus mechanism, enabling secure and efficient cross-chain transactions and unmatched scalability. As a PoW Layer 1 blockchain, Quai combines multi-chain scalability with decentralized consensus to offer efficiency, security, and robust transaction capabilities across its ecosystem.
Quai Network's dual-token system underpins its blockchain architecture, driving new use cases while addressing diverse user needs:
- $QUAI: This utility token powers decentralized applications (dApps), value transfers, and programmable financial systems. Built on a scalable Proof-of-Work blockchain, $QUAI integrates seamlessly with Ethereum Virtual Machine (EVM), enabling developers to deploy DeFi platforms, NFT marketplaces, and other advanced blockchain solutions.
- $QI: Anchored to real-world energy costs, $QI is an energy-backed stablecoin offering a reliable monetary standard. It provides stability for decentralized financial applications, facilitates seamless value exchange, and incentivizes energy-efficient mining practices.
Together, $QUAI and $QI redefine token utility and stability within the blockchain ecosystem.
Quai Network’s vibrant community is central to its success. With over 204,000 members on Discord, the network fosters engagement among developers, blockchain enthusiasts, and supporters. Developers and blockchain enthusiasts are invited to explore Quai Network’s innovative ecosystem and participate in its Mainnet launch.
