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QUBIC

No. 191
Qubic
AMM
AI & Big Data
PoW
QUBIC Price Today
0
USD
-11.18%
Lower Price
0
Upper Price
0
24H Value(USD)
0
Total Market Cap(USD)
0
Circulating Market Cap (USD)
0
Total Circulation
101955.42B
100%
Total Supply
101955.42B

Price

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Coin Introduction

1.Project introduction

Qubic’s core is powered by 676 computers responsible for executing smart contracts. The platform ensures reliability by requiring a quorum of ⅔+ (or 451+) computers to reach the same result before the final result is considered. Unlike traditional crypto platforms that consume large amounts of energy for mining, Qubic has a useful proof-of-work system that leverages mining power for AI training.

In addition to computers, Qubic also has candidates who contribute to AI training but are not paid. Weekly rankings, or "epochs," determine the top-performing 451 computers, which maintain their status, while the remaining spots are filled by candidates and lower-ranked computers.

2.Token application and distribution

Token application:

1) Miner rewards;

2) The gas fees for smart contract execution and data acquisition by the oracle are burned directly;

3)Used for IPO of projects within the ecosystem;

Token distribution:

Each epoch in the Qubic network spans seven days and produces 1 trillion QUs, it will take about 17.92 years to reach the 1000T max supply WITHOUT any burns. These units are predominantly allocated to Computors, the backbone nodes of the network. In scenarios of maximum efficiency, a Computor can potentially receive a revenue equivalent to 1 trillion QUs divided by 676 (i.e. 1.479 billion QUs). The distribution model is designed to encourage efficiency; Computors operating at suboptimal levels will witness a dip in their revenue. The remaining balance of QUs is assigned to the Arbitrator. The Arbitrator plays no role in smart contract governance, voting or QU distribution, ensuring equilibrium within the Qubic economic framework.

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