Quai Network Launches $QI: The First Decentralized Energy Dollar

Quai Network has launched $QI, the world's first decentralized energy stablecoin, marking a significant milestone in integrating digital currency with physical energy value. Here are the key points:

Core Features:
- Decentralized energy support: Backed by a global miner network and decentralized monetary policy.
- Energy-based valuation: Creation is proportional to network mining power and energy demand.
- Cash-like privacy: Uses UTXO ledger with fixed denominations and non-address reuse for privacy.
- Zero initial supply: Tokenomics start with 0 supply, with issuance tied to network computing power.
Revenue Opportunities:
- Mining: Earn $QI via go-quai node or decentralized mining pools.
- Conversion: Swap existing $QUAI for $QI using Pelagus wallet's market-making feature.
- Future expansion: Wrapped $QI will soon be available on EVM-compatible $QUAI ledger for decentralized exchanges.
Token Economics:
- Default two-week lockup period (same as $QUAI), with optional extended lockups for additional rewards.

Quai Network co-founder Alan Orwick emphasized $QI as a groundbreaking innovation, linking digital assets to real-world energy value. The network leverages its Proof of Minimum Entropy (PoEM) consensus for scalability and energy efficiency.

The PoEM project Quai Network announced today that the world's first decentralized energy stablecoin $QI has officially started mining. This innovative achievement, which took six years to develop and has been verified through multiple rounds of test networks, marks the official start of a new era of deep integration of digital currency and physical energy value.

$QI Core Features

Decentralized energy support: $QI is a flat-coin supported by a global network of miners and adopts a decentralized monetary policy;
Energy-based valuation: its creation is proportional to the network mining power and energy demand, making $QI a true energy-based currency;
Cash-like privacy protection: Implement fixed denominations in the UTXO ledger and provide privacy features similar to physical cash through a protocol-enforced non-address reuse mechanism;
Zero initial supply: The token economic model starts with 0 initial supply, and the issuance is directly proportional to the network computing power.

Revenue Opportunities

Mining: Miners can earn $QI by setting preferences in the go-quai node or connecting to a decentralized mining pool via stratum
Conversion: Users can convert existing $QUAI to $QI via the market making feature in the Pelagus wallet
Future Expansion: A wrapped version of $QI will soon be available on the EVM-compatible $QUAI ledger, enabling it to be exchanged with any token on the Quai Network via decentralized exchanges

Token Economics and Lock-up Periods

$QI uses the same default two-week lockup period as $QUAI, which means that the initial supply will not be circulated until this period expires. In the future, miners will have the option to extend the lockup period to receive additional rewards.

"The launch of $QI represents a fundamental innovation in the cryptocurrency space - creating the world's first truly decentralized energy dollar," said Alan Orwick, co-founder of Quai Network. "This achievement builds on our successful launch of $QUAI and demonstrates our commitment to developing blockchain solutions that connect digital assets directly to real-world energy value."

About Quai Network

Quai Network is pioneering scalable and energy-efficient blockchain technology through its innovative Proof of Minimum Entropy (PoEM) consensus mechanism. The network uniquely combines execution sharding, parallel processing, and a hierarchical merged mining architecture to deliver exceptional throughput while maintaining decentralization and security.