Introduction
Token Overview
The Quai Network protocol features two native tokens: Quai and Qi. These tokens serve distinct purposes within the ecosystem.
Quai Token
Quai is designed as a programmable store-of-value within Quai Network. It has a fixed supply and supports smart-contracting capabilities.
Qi Token
Qi serves as a medium of exchange within Quai Network. Its supply is responsive to demand and is used for transactions within the ecosystem.
Token Dynamics
The token dynamics of Quai and Qi are governed by block rewards, conversions, and difficulty adjustments, ensuring a balanced and secure network.
Genesis Allocations
Quai Network has pre-defined allocations for various purposes, including community incentives, strategic partnerships, and team rewards. Here’s a breakdown of the genesis allocations:
| Allocation | Purpose | Importance |
|---|---|---|
| Foundation | Maximize adoption of the Quai protocol | Acts as a reserve to fund future innovations, partnerships, and ecosystem growth |
| Community Incentives | Encourage and reward active participation and contribution from the community | Set at the protocol’s inception, with strict criteria for distribution |
| Strategic Partners | Align with entities that can provide strategic value | Helps in scaling the project, accessing new markets, and leveraging external expertise |
| Founders | Compensate and incentivize the project’s founders | Ensures the founders are motivated to contribute to the project’s success |
| Team | Reward and retain talented team members | Essential for building a strong team committed to the project’s vision |
| Testnet Incentives | Incentivize participation in the testnet phase | Ensures a robust, well-tested network before full deployment |
| Exchange Liquidity | Provide liquidity on exchanges for the project’s token | Essential for enabling easy trading and fair pricing of the token |
| Earn Program | Reward users for specific activities that benefit the network | Encourages behaviors that directly contribute to the network’s health and growth |
