Quai Network, a next-generation Layer-1 blockchain, announced that its much-anticipated mainnet will officially launch on January 29, 2025. Following this, the Token Generation Event (TGE) will take place on February 3, 2025. 

As part of its mainnet launch, Quai Network introduced a dual-token system that will serve as the backbone of its ecosystem. The first token, $QUAI, will act as the primary utility token, enabling decentralized applications (dApps) and smart contracts on the network. It powers value transfers, decentralized finance (DeFi) solutions, and programmable financial systems on Quai.

The second token, $QI, is an energy-backed stablecoin that provides a reliable, decentralized alternative to traditional financial systems. $QI is pegged to real-world energy costs, ensuring its stability and making it an ideal choice for decentralized finance applications.

The network aims to position itself as a decentralized global monetary system, fully independent of governments and central banks. 

Innovative Consensus Mechanism: PoEM

One of the standout features of Quai Network is its Proof-of-Entropy-Minima (PoEM) consensus mechanism, which is designed to offer unparalleled scalability. By merging currency with energy, Quai Network introduces a decentralized energy-dollar system with $QI. The PoEM consensus eliminates block contention, providing faster transaction finality while keeping network costs low.

Unlike traditional proof-of-work (PoW) blockchains, Quai Network’s architecture dynamically adjusts to growing demand by adding shards to increase throughput. This scalability feature reportedly ensures the network can accommodate the increasing needs of global commerce without compromising performance or security.

The Quai blockchain is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy and integrate decentralized applications (dApps) seamlessly.

Token Distribution and Airdrop Details

To reward early supporters, Quai Network will distribute $QUAI tokens to key stakeholders, including testnet participants and developers. 

Community members who complete the KYC process by January 22, 2025, can claim the first wave of $QUAI airdrops through detailed instructions available on Quai’s official website. A total of three distribution waves will take place, with the second wave open to the public. 

Worth noting, according to the team, Quai Network’s mainnet launch is the culmination of years of research and development, during which the platform has undergone multiple testnet phases. 

Per reports, from the Stone Age in 2021 to the current Golden Age, the network has attracted significant user engagement. The recent Golden Age Testnet saw over 2,000 nodes, 42,000 GPUs, and 110,000 wallets participating.