What is the issuance price of QuarkChain(QKC) currency?

QuarkChain (QKC), a sharding-based public blockchain platform, issued its native cryptocurrency at $0.01 per QKC during its initial public sale.

Nov 29, 2024 at 11:18 am

What is the Issuance Price of QuarkChain (QKC) Currency?

QuarkChain (QKC) is a public blockchain platform that leverages sharding technology to achieve high transaction throughput and scalability. QKC is the native cryptocurrency of the QuarkChain platform, used for transaction fees, staking, and governance.

1. QuarkChain Issuance Details

• Total Supply: 10,000,000,000 QKC
• Initial Issuance Price: $0.01 per QKC
• Issuance Date: November 28th, 2018

2. QuarkChain Token Distribution

• Public Sale: 50%
• Founding Team and Advisors: 25%
• Ecosystem Development: 15%
• Community and Marketing: 10%

3. Token Sale Details

The QuarkChain token sale was conducted in November 2018, raising a total of $10 million. The sale was conducted through a private placement, with tokens sold to accredited investors and venture capital firms.

4. Tokenomics

• Transaction Fees: QKC is used to pay transaction fees on the QuarkChain network.
• Staking: QKC holders can stake their tokens to earn rewards and support the network's security.
• Governance: QKC holders can participate in governance by voting on proposals and electing validators.

5. Key Features of QuarkChain

• Sharding: QuarkChain utilizes sharding to split the blockchain into multiple shards, each handling a subset of transactions. This allows for increased transaction capacity and reduced latency.
• Cross-Shard Transactions: QuarkChain's sharding architecture supports cross-shard transactions, enabling efficient communication between shards.
• Consensus Algorithm: QuarkChain employs a modified version of the Tendermint consensus algorithm, optimized for sharding.
• Smart Contract Support: QuarkChain supports smart contract development, allowing for the creation of decentralized applications and custom tokens.

6. Applications of QuarkChain

QuarkChain's high throughput and scalability make it suitable for a wide range of applications, including:

• Financial Services: Cross-border payments, decentralized finance (DeFi), and asset tokenization.
• Supply Chain Management: Tracking goods and ensuring provenance throughout the supply chain.
• Healthcare: Secure storage and sharing of medical records, and facilitating collaboration among healthcare providers.
• Media and Entertainment: Content distribution, digital rights management, and royalty payments for artists.

7. QuarkChain's Development Roadmap

QuarkChain's development roadmap outlines key milestones and updates for the platform, including:

• Phase 1: Launch of the mainnet and development of core functionalities.
• Phase 2: Optimization of the sharding algorithm and expansion of smart contract support.
• Phase 3: Integration with other blockchains and development of a cross-chain ecosystem.

8. QuarkChain's Team and Partnerships

The QuarkChain team consists of experienced engineers, cryptographers, and business leaders with a deep understanding of blockchain technology. QuarkChain has established partnerships with leading academic institutions, research organizations, and industry leaders to advance its development and adoption.