Quai Foundation Mines the Quai Network Genesis Block

Imagine a world where all global economic activity occurs on a single blockchain – one that is as ubiquitous as TCP/IP, secures the majority of global value, and is accessible to everyone. Today, this vision becomes reality with the launch of Quai Network’s genesis block.

Quai Network is the first and only scalable, programmable Proof-of-Work blockchain, achieving what was previously thought impossible: genuine decentralization, uncompromised security, and unlimited scalability. With a throughput of 50,000+ transactions per second, Quai Network is engineered to be the last blockchain humanity will ever need.

The dual-token system of QUAI and QI introduces a revolutionary economic model: QUAI serves as the programmable foundation for complex financial instruments, while QI creates the first decentralized energy dollar – a true medium of exchange intrinsically linked to energy. This innovative approach finally bridges the gap between traditional finance and the digital economy.

Mining Economics

Block Reward Structure

• Emissions algorithm: Dynamic emissions based on hashrate
• Initial block reward: ~9.77 QUAI per block at 5 TH/s of hashrate.
  • After QI turns on the emissions rate is market determined.
• Coinbase maturity period: 2 weeks

Rollout Schedule

Phase 2: Genesis Block & Node Wrangler Mining (February 4th, 2025)

• Initiation of incentivized mining for Node Wranglers
• Bootstrap of initial network parameters
• First blocks mined on mainnet
• Genesis block establishment

Phase 3: Public Mining Launch (February 5th, 2025)

• Opening of public mining operations

Phase 4: QUAI Transactions (February 19th, 2025)

• Activation of QUAI token transfers
• Initially 12M gas allows transactions
  • Gas will increase to 50M over next 2 months
• Ecosystem participants deploy applications

Phase 5: QI Token Launch (March 19th, 2025)

• Introduction of QI token to complete dual-token model
• Network upgrade implementation
• Full activation of energy-dollar mechanics

Join the Future of Finance

The launch of Quai Network represents more than just another blockchain – it marks the beginning of a new era in global finance. By solving the fundamental challenges that have held back widespread blockchain adoption, Quai Network paves the way for a truly decentralized financial future.

As we move through our carefully planned rollout phases, we invite developers, miners, and users to be part of this historic journey. Whether you’re interested in mining QUAI, building on our infrastructure, or participating in the network’s growth, now is the time to get involved.

To learn more about QUAI’s tokenomics and emission schedule, visit our detailed documentation at https://docs.qu.ai/learn/tokenomics/quai-emissions.

Join our thriving community and help build the future of finance:

• Website: https://qu.ai
• Discord: https://discord.gg/quai
• Twitter: https://twitter.com/QuaiNetwork
• GitHub: https://github.com/dominant-strategies

The information and statements provided herein (“Content”) by the Quai Foundation, Inc. (“the Quai Foundation”) is for informational and general education purposes only and should not be construed as financial, legal, investment, or tax advice.The Quai Network is an open-source decentralized blockchain network. The Quai Foundation does not own or control the Quai Network and makes no guarantees with respect to the functionality, security, availability, or reliability of the Quai Network. Engaging in activities related to any financial instrument, including cryptocurrencies such as $QUAI or $QI, are subject to significant risks, including price volatility, regulations, and other market factors. Transacting in digital assets could result in significant losses and may not be suitable for all persons. Content herein may involve assumptions, risks, and uncertainties that could cause actual outcomes to differ materially. You should be aware that past performance of any digital asset is not indicative of future performance and actual results may drastically differ. The Quai Foundation reserves the right to update, modify, or remove any Content in its sole discretion and undertakes no obligations to revise any forward-looking statements based on new information or future developments.

You are solely responsible for your activities with respect to any digital asset and any interactions you may have with the Quai Network, $QUAI, and $QI. the Quai Foundation shall not be responsible for any losses due to your errors, including but not limited to any errors with respect to any transaction, integration, or configuration. You should consult with a legal, financial, or other qualified professional before making any financial decisions. 

ACCORDINGLY, YOU SHOULD NOT RELY ON ANY CONTENT PROVIDED HEREIN TO MAKE ANY FINANCIAL DECISION OR INVESTMENT, INCLUDING PURCHASING OR SELLING $QUAI OR $QI TOKENS. YOUR DECISIONS TO INTERACT WITH THE QUAI NETWORK OR PURCHASING AND/OR SELLING $QUAI OR $QI ARE AT YOUR OWN RISK.