The PoEM project Quai Network today announced the official launch of mining for the world's first decentralized energy stablecoin, $QI. This innovative achievement, developed over six years and validated through multiple rounds of test networks, marks the beginning of a new era of deep integration between digital currency and the value of physical energy.
Core Features of $QI
Decentralized Energy Support: $QI, as a flat-coin, is supported by a global network of miners and adopts a decentralized monetary policy;
Energy-Based Valuation: Its creation is proportional to network mining power and energy demand, making $QI a true energy-backed currency;
Cash-Like Privacy Protection: Fixed denominations are implemented in the UTXO ledger, providing cash-like privacy features through a non-address reuse mechanism enforced by the protocol;
Zero Initial Supply: The token economic model starts with a zero initial supply, with issuance directly proportional to network mining power.
Earning Opportunities
Mining: Miners can earn $QI by setting preferences in go-quai nodes or by connecting to decentralized mining pools via stratum.
Conversion: Users can convert existing $QUAI to $QI using the market-making feature in the Pelagus wallet.
Future Expansion: A wrapped version of $QI will soon be launched on the EVM-compatible $QUAI ledger, allowing it to be exchanged with any token on Quai Network through decentralized exchanges.
Token Economics and Lock-Up Period
$QI adopts the same default two-week lock-up period as $QUAI, meaning the initial supply will not circulate until this period expires. In the future, miners will have the option to extend the lock-up period for 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 directly connect digital assets to real-world energy value."
About Quai Network
Quai Network is pioneering scalable and energy-efficient blockchain technology through its innovative Proof of Minimal Entropy (PoEM) consensus mechanism. The network uniquely combines execution sharding, parallel processing, and layered merged mining architecture, providing exceptional throughput while maintaining decentralization and security.
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