Quai Network, a Layer-1 blockchain project dedicated to energy monetization, announced on February 21 that its native token $QUAI is now available for trading. This launch is an important achievement of the project team’s deep technical research and development, and provides innovative solutions for scalability and decentralization in the blockchain field.
With the full operation of the Quai mainnet , the project officially launched the Proof of Minimum Entropy (PoEM) consensus mechanism, which achieves a significant increase in throughput while ensuring the security and decentralization properties of Proof of Work (PoW).
Important progress of the project:
Mainnet operation data: More than 120,000 GPU miners have been deployed worldwide, 2.4 million transactions have been processed, and the number of global consensus nodes has exceeded hundreds
Technological innovation: Proof of Minimum Entropy (PoEM) significantly optimizes the efficiency of traditional PoW by integrating execution sharding, parallel processing, and hierarchical merged mining chain architecture
Technical architecture: Fully supports EVM compatibility, supports GPU mining, and implements dual support for account model and UTXO model
Market performance: $QUAI's initial market value was $47 million, and its fully diluted valuation reached $300 million. During the first round of trading, it reached a high of $0.32, with a market value of $155 million. The three-day cumulative trading volume exceeded $80 million.
Distribution channels: Now available on mainstream trading platforms such as Gate.io, MEXC, LBank and BitMart
Alan Orwick, Co-founder of Quai Network, said: "The successful launch of $QUAI marks an important milestone in the development of the cryptocurrency industry, and the positive market response fully demonstrates the development potential of the project. The transaction volume of over $80 million during the first round of trading and the rapidly expanding ecosystem community strongly confirm the important value of scalable PoW in promoting real-world applications in the industry. This is just the beginning, and we will continue to work hard to build a decentralized, high-performance blockchain network to realize the fundamental value proposition of cryptocurrency."
About Quai Network
Quai Network is committed to leading the cryptocurrency revolution by pioneering scalable and programmable proof-of-work blockchain technology. Based on the innovative Proof of Minimum Entropy (PoEM) consensus mechanism, Quai has achieved breakthroughs in speed, efficiency, and decentralization, promoting the large-scale application of blockchain technology.
