Austin, TX – January 16, 2025 – Quai Network, a Layer 1 blockchain built for scalability and decentralized innovation, today announces its highly anticipated Mainnet launch on January 29, 2025 and Token Generation Event (TGE), slated for February 5, 2025. This launch introduces a dual-token system, featuring $QUAI, a utility token for smart contracts and decentralized applications, and $QI, an energy-backed stablecoin designed as a decentralized alternative to traditional financial systems.
Marking the culmination of a journey through multiple testnet phases—from the Stone Age in 2021 to the current Golden Age—Quai Network’s mainnet reflects years of research and development. Recent statistics from the Golden Age testnet indicate a significant user engagement with over 2,000 nodes, 42,000 GPUs, and 110,000 wallets participating. Throughout this evolution, Quai has delivered key innovations such as 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 $QUAI token to key stakeholders, including testnet participants, ecosystem developers, and early supporters. These tokens serve distinct roles within the network, powering a scalable, decentralized blockchain ecosystem.
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$QUAI: The primary utility token, $QUAI underpins Quai Network’s account-based ledger. It enables use cases such as decentralized applications (dApps), value transfers, and programmable financial systems. Built on a scalable Proof-of-Work blockchain, $QUAI integrates with the EVM ecosystem, allowing developers to efficiently deploy DeFi solutions, NFT platforms, and other blockchain applications.
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$QI: Designed as an energy-dollar stablecoin alternative, $QI provides a reliable monetary standard anchored to real-world energy costs. This stability supports decentralized financial applications, facilitates seamless value exchange, and incentivizes energy-efficient mining practices.
Together, $QUAI and $QI form the backbone of Quai Network’s dual-token system, driving scalability, innovation, and decentralization while enabling new use cases across the blockchain ecosystem.
“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, decentralized, 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 decentralized global monetary system completely independent of governments and central banks, thus fulfilling the original vision of Bitcoin.”
To claim the $QUAI airdrop, existing community members can follow detailed instructions available on Quai Network’s website at https://claims.qu.ai. Eligible participants who complete KYC by January 22nd will receive $QUAI in the first phase of distributions. There are three anticipated waves for $QUAI distributions with the second being available to public participants. Developers and blockchain enthusiasts are encouraged to explore the network’s capabilities and join Quai’s thriving Discord community, which has grown to over 204K members, reflecting the network’s growing influence in the Web3 ecosystem.
Disclaimer: Participation in Quai Network’s TGE is restricted to individuals and entities located in, or acting on behalf of, countries or regions subject to sanctions imposed by the Office of Foreign Assets Control (OFAC). Please ensure compliance with all applicable laws and regulations in your jurisdiction before participating.
About Quai Network
Quai Network is reigniting the crypto revolution with the first scalable and programmable Proof-of-Work blockchain. Utilizing the innovative Proof-of-Entropy-Minima (PoEM) consensus mechanism, Quai offers unparalleled speed, efficiency, and decentralization, driving blockchain innovation at scale.
