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Qubic (QUBIC) Price

Qubic#541
AI & Big Data
PoW
Layer 1
00.00%USD
*Data is for reference only
Circulating Market Cap (USD)--
Total Market Cap (USD)--
Circulating Supply146.24T
Issue Date2023-08-09
24H Volume (USD)--
Total Supply200.00T

QUBIC Info

1.Project introduction

Qubic leverages a unique Useful Proof-of-Work consensus with 676 high-performance nodes (Computors) to enable energy-efficient AI training and smart contract execution without traditional mining energy waste. Its system requires a quorum agreement (⅔+ or 451+ nodes) for result finality, supporting frictionless microtransactions and decentralized governance via quorum-based decision making. The platform integrates oracle data for dynamic smart contracts and employs an epoch-based token issuance model, encouraging node efficiency with weekly rewards and burn mechanisms that cap supply at 1000 trillion Qubic Units (QUs). Founded by Sergey Ivancheglo, Qubic aims to revolutionize distributed computing with scalable, fast, and energy-conscious technology.

2.Team introduction

Come-From-Beyond - Founder & Developer

Jen - CMO

3.Token application and distribution

Token application

The Qubic token ($QUBIC) is a utility token within the Qubic ecosystem representing computational 'energy' spent. It is used to reward Computors, pay gas fees for smart contract execution and oracle data retrieval (which are then burned), and participate in ecosystem project IPOs. This model encourages network participation efficiency and sustainability by incorporating controlled weekly emissions, token burns, and incentivized distribution.

Token distribution

Each epoch lasts 7 days, generating 1 trillion QU tokens weekly. The maximum supply is capped at 1000 trillion QU, which will take approximately 17.92 years to reach without burning. Tokens are primarily distributed to the 676 Computors (network backbone). In optimal efficiency, a single Computor may earn around 1 trillion QU divided by 676 (approximately 1.479 billion QU). Lower efficiency Computors earn proportionally less. Remaining tokens go to arbitrators who have no governance role, maintaining ecosystem balance.

FAQ

What time does QUBIC open?
Unlike the traditional stock market, Qubic (QUBIC) does not have specific "opening" or "closing" times, as it operates on a decentralized network and trades 24/7 all year round.
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