XT, the first trading platform infused with social features, is excited to announce the addition of QUBIC (Qubic) to its Main Zone trading platform. The QUBIC/USDT trading pair is now available on the platform starting from 09:00 on 2024-06-18 (UTC).
An Introduction to QUBIC
QUBIC serves as the native digital asset for Qubic, a layer-1 Quorum-based consensus protocol blockchain with a maximum supply of 1 quadrillion coins.
The QUBIC coin, also known as QUBIC, represents a significant innovation in the cryptocurrency space. Unlike traditional digital currencies, QUBIC Units (QUs) measure computational energy within the Qubic ecosystem, fundamentally changing the concept of value and utility in the crypto market. Each QU plays a crucial role in executing smart contracts and accessing various services on the Qubic platform, turning the coin from a financial asset into an integral part of the network’s operational framework.
The generation and distribution of QUBIC coins are carefully designed to promote efficiency and balance within the ecosystem. Every seven days, an epoch produces one trillion QUs, primarily allocated to the network’s Computors, with the most efficient ones receiving the majority. Inefficient Computors have a portion of their rewards burned, ensuring that only the most capable participants sustain their roles. This system incentivizes high performance and maintains a dynamic equilibrium in the network’s coin supply.
Transfers within the Qubic network are feeless, distinguishing it from many other platforms. However, executing smart contracts incurs a commission determined through a quorum vote by Computors. These commissions are not kept by the Computors but are burned, effectively regulating inflation and deflation within the ecosystem. This mechanism reinforces the concept of QUs as ‘energy’ rather than currency, promoting a balanced and sustainable economic model for the platform.
Albin Warin, the CEO of XT, has played a key role in positioning the platform at the forefront of the digital asset marketplace. With a vision rooted in fostering innovation and expanding the horizons of blockchain technology, Warin has been a vocal advocate for the integration of cutting-edge projects.
Warin remarked, “The inclusion of QUBIC coins on our exchange marks a significant step forward in our commitment to supporting transformative Web3 projects. Qubic’s unique approach to combining distributed ledger technology with AI-driven computation is truly groundbreaking, and we are excited to provide our users access to such a pioneering digital asset.”
About Qubic, the Project
Qubic, founded by Sergey Ivancheglo, co-founder of IOTA and NXT, is a groundbreaking project that merges distributed ledger technology, smart contracts, and artificial intelligence. At its core, Qubic operates with 676 Computors responsible for executing tasks and maintaining the network. The platform’s unique quorum-based computation system ensures reliability by requiring agreement from at least 451 Computors before finalizing any transaction or smart contract execution.
One of the standout features of Qubic is its Useful Proof-of-Work system, also known as “UPoW,” which repurposes the computational power used in mining for AI training. This dual-purpose approach optimizes energy use and contributes to real-world AI advancements. Qubic’s innovative mechanism contrasts sharply with traditional energy-intensive mining processes, offering a more efficient and environmentally friendly solution.
Qubic’s decentralized architecture ensures robust security and resilience against cyber threats. The platform’s smart contracts enable the automation of complex processes, reducing reliance on intermediaries and enhancing transparency. Moreover, Qubic supports decentralized applications, allowing developers to create and deploy cutting-edge solutions across various industries. This combination of features makes Qubic a powerful tool for driving the adoption of blockchain technology and fostering innovation. As Qubic continues to evolve and integrate feedback from its community, it is poised to set new standards in efficiency, security, and functionality in the crypto space.
Website:
qubic.org
X.com:
x.com/_qubic_
Telegram:
t.me/qubic_network
Medium:
medium.com/@comefrombeyond
Discord:
discord.com/invite/qubic
About XT
Established in 2018, XT serves over 6 million registered users, with over 500,000 monthly active users and more than 40 million users in the ecosystem. The platform offers over 800 tokens with 1000+ trading pairs, covering a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. XT has expanded its offerings to include crypto futures trading and copy trading, providing users with a seamless trading experience.
Website:
www.xt.com
Twitter:
twitter.com/XTexchange
Telegram:
t.me/XTsupport_EN
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
