Layer-1 blockchain Quai Network is a scaled PoW blockchain, and utilises its innovative Proof-of-Entropy-Minima (PoEM) consensus mechanism.
Layer-1 blockchain Quai Network announced that its Mainnet launch will happen on 29 January 2025, and its Token Generation Event (TGE) is slated for 3 February 2025.
Quai Network’s Mainnet reflects years of research and development. Recent testnet statistics indicate high user engagement with over 2,000 nodes, 42,000 GPUs, and 60,000 participating wallets. Quai uses a Proof-of-Entropy-Minima (PoEM) consensus, cross-chain transactions, and unparalleled scalability. By leveraging its innovative architecture and tokenomics, Quai is poised to redefine the blockchain landscape.
As part of its Mainnet launch, Quai Network will distribute the $QUAI token to key stakeholders, including testnet participants, ecosystem developers, and early supporters. These tokens serve distinct roles within the network.
- $QUAI: The primary utility token, $QUAI underpins Quai Network’s account-based ledger. It enables use cases such as decentralised applications (dApps), value transfers, and programmable financial systems. Built on a scalable Proof-of-Work (PoW) blockchain, $QUAI integrates with the EVM ecosystem, allowing developers to efficiently deploy blockchain applications.
- $QI: Designed as an energy-dollar stablecoin alternative, $QI provides a reliable monetary standard anchored to real-world energy costs. This stability supports decentralised financial applications, facilitates seamless value exchange, and incentivises energy-efficient mining practices.
Together, $QUAI and $QI form the backbone of Quai Network’s dual-token system.
“We’re excited to launch both our mainnet and token as they mark a significant step forward for Quai and open up greater access to our ecosystem,” said Alan Orwick, Co-Founder of Quai Network. “This milestone represents the culmination of years of work to design the technical and economic mechanisms that make Quai a truly scalable, decentralised, and secure blockchain. With innovations like PoEM consensus, merged mining for unparalleled finality, and the integration of QI and QUAI to meet diverse transactional needs, Quai Network showcases what the next generation of PoW blockchains can achieve.”
“The launch of Quai’s mainnet is not just a technical achievement—Quai will be the blueprint for all future blockchains,” said Dr. Karl Kreder, Co-Founder of Quai Network. Up until this point, blockchain has been plagued with unfulfilled promises of technically deficient projects that have failed to deliver on multi-year roadmaps by going to market early. We have spent years researching, designing, building, and testing a system that can scale to function as a decentralised global monetary system completely independent of governments and central banks, thus fulfilling the original vision of Bitcoin.”
