The PoEM project Quai Network announced today that the world's first decentralized energy stablecoin $QI has officially started mining. This innovative achievement, which took six years to develop and has been verified through multiple rounds of test networks, marks the official start of a new era of deep integration of digital currency and physical energy value.
$QI Core Features
Decentralized energy support: $QI is a flat-coin supported by a global network of miners and adopts a decentralized monetary policy;
Energy-based valuation: its creation is proportional to the network mining power and energy demand, making $QI a true energy-based currency;
Cash-like privacy protection: Implement fixed denominations in the UTXO ledger and provide privacy features similar to physical cash through a protocol-enforced non-address reuse mechanism;
Zero initial supply: The token economic model starts with 0 initial supply, and the issuance is directly proportional to the network computing power.
Revenue Opportunities
Mining: Miners can earn $QI by setting preferences in the go-quai node or connecting to a decentralized mining pool via stratum
Conversion: Users can convert existing $QUAI to $QI via the market making feature in the Pelagus wallet
Future Expansion: A wrapped version of $QI will soon be available on the EVM-compatible $QUAI ledger, enabling it to be exchanged with any token on the Quai Network via decentralized exchanges
Token Economics and Lock-up Periods
$QI uses the same default two-week lockup period as $QUAI, which means that the initial supply will not be circulated until this period expires. In the future, miners will have the option to extend the lockup period to receive additional rewards.
"The launch of $QI represents a fundamental innovation in the cryptocurrency space - creating the world's first truly decentralized energy dollar," said Alan Orwick, co-founder of Quai Network. "This achievement builds on our successful launch of $QUAI and demonstrates our commitment to developing blockchain solutions that connect digital assets directly to real-world energy value."
About Quai Network
Quai Network is pioneering scalable and energy-efficient blockchain technology through its innovative Proof of Minimum Entropy (PoEM) consensus mechanism. The network uniquely combines execution sharding, parallel processing, and a hierarchical merged mining architecture to deliver exceptional throughput while maintaining decentralization and security.
