QUAIQuai Network (QUAI) Price

1. Project introduction

Quai Network is a scalable and programmable Proof-of-Work blockchain designed to serve as a new global monetary system. By merging currency with energy, Quai delivers the world’s first decentralized energy dollar, Qi. Qi is stable, scalable, and built for real-world commerce. Quai leverages a next-generation Proof-of-Work consensus mechanism called Proof-of-Entropy-Minima to eliminate block contention and provide lightning fast finality.

2. Team introduction

Alan Orwick, Co-Founder

Karl Kreder, Co-Founder

Sriram Vishwanath, Co-Founder

3. Investment institution

Polychain, Cogitent Ventures, MH Ventures, with a total funding of over $10M.

4. Token application and distribution

Token application:

Quai is an EVM-compatible, deflationary token that is designed to be a store-of-value.

Token distribution:

Team & Investors  1 year cliff, monthly unlock from years 1-4

Other Investors  25% upfront, monthly unlock from years 1-4

Testnet Incentives  No lockup period

Community Incentives & Foundation  Monthly unlock over 6 years

Builder Grants 1 year cliff, monthly unlock from years 1-4