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.
