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Quai Network (QUAI)

Blockchain
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Quai Network is a scalable PoW blockchain which utilizes hierarchical merged mining to scale decentralized blockchain transactions to the scale of all human commerce.

Funding Round $8M

Requirements to Run a Full Node: Details

Quai Network White Paper Whitepaper

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Medium
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User Rating
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Ticker
QUAI
Type
Utility-token
FoundedSwitzerland
Registration countrySwitzerland
Registration year2020

What is Quai Network

Quai Network is a new design to create radically more efficient blockchains. Our solution relies on revolutionary advances in blockchain sharding technologies and the use of Proof-of-Work 2.0. Because Quai Network is modular, it can scale horizontally to accommodate more users as the network grows.

By making huge strides in overall blockchain scalability, Quai Network paves the way for the next billion users to participate in Web3.0.

Quai Network is the first decentralized blockchain that can truly scale for worldwide adoption.

Quai token acts as the backbone of Quai Network, ensuring network security, spam resistance, and simple exchange of value in a decentralized system.

Funding Details

Funds Raised (as of now) 8,000,000 USD

Token distribution


25% - Adoption Incentives
20% - Mining
15% - Foundation
15% - Strategic Partners
5,5% - Infrastructure Partners
5% - Founders
5% - Bounties
0,5% - Testnet Incentives
4% - Contributors
3% - Community
2% - Exchange Liquidity

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